Robert Belzer
Real Estate Analyst at Newark Downtown District- Claim this Profile
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Bio
Experience
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Newark Downtown District
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United States
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Public Policy Offices
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1 - 100 Employee
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Real Estate Analyst
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2021 - Present
• Cover the major property groups in downtown Newark including multifamily, office, hospitality, and retail. • Generate commercial real estate research reports on the major property groups. • Interface with key stakeholders to support business improvement in downtown Newark. • Underwrite underutilized commercial properties for real estate redevelopment. • Cover the major property groups in downtown Newark including multifamily, office, hospitality, and retail. • Generate commercial real estate research reports on the major property groups. • Interface with key stakeholders to support business improvement in downtown Newark. • Underwrite underutilized commercial properties for real estate redevelopment.
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NYU Schack Institute of Real Estate
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United States
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Higher Education
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1 - 100 Employee
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Adjunct Instructor
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2018 - Present
• Instruct an online course covering the real estate investment trusts (REITs). • Covers the key aspects of the REITs and how to value them including funds from operations (FFO) per share multiples and net asset value (NAV). • Introduces the concepts of total return and relative valuation. • Instruct an online course covering the real estate investment trusts (REITs). • Covers the key aspects of the REITs and how to value them including funds from operations (FFO) per share multiples and net asset value (NAV). • Introduces the concepts of total return and relative valuation.
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Real Estate Consultant
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New York, NY
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Real Estate/REIT Analyst
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2018 - 2021
• Underwrite and model apartment, hotel, and office developments for a NYC real estate developer. • Source, underwrite, and negotiate multifamily investments in the metro NYC market. • Prepare investment and financing memoranda. • Adjunct instructor at NYU Schack Institute of Real Estate teaching an online course on REITs. • Instructed a real estate financial analysis course at NYU on underwriting properties. • Underwrite and model apartment, hotel, and office developments for a NYC real estate developer. • Source, underwrite, and negotiate multifamily investments in the metro NYC market. • Prepare investment and financing memoranda. • Adjunct instructor at NYU Schack Institute of Real Estate teaching an online course on REITs. • Instructed a real estate financial analysis course at NYU on underwriting properties.
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EII Capital Management, Inc
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New York
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Equity Research Analyst
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2005 - 2017
• Covered the US healthcare, mall, shopping center, and triple net REIT sectors. Also covered select apartment and industrial REITs. • Responsible for domestic stock selection for the Morningstar four star rated EIIRX US fund and global fund. • Formulated stock selection based on financial statement analysis, company modeling and valuation analysis. • Valuation approach consisted principally of funds from operations (FFO) multiple and net asset value (NAV) relative analysis. Valuation also included discounted cash flow (DCF) valuation as a supplemental tool. Show less
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Prudential Financial
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United States
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Financial Services
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700 & Above Employee
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Equity Research Analyst
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1998 - 2005
• Covered the mall, shopping center, and healthcare REIT sectors. Also covered select industrial REITs. • Coverage included writing First Call notes for companies covered, and industry notes and quarterly reports for the healthcare REIT and mall REIT sectors. • Initiated coverage of the healthcare REITs,Simon Property, and The Rouse Company. • Built and maintained financial models in Microsoft Excel for each company. • Covered the mall, shopping center, and healthcare REIT sectors. Also covered select industrial REITs. • Coverage included writing First Call notes for companies covered, and industry notes and quarterly reports for the healthcare REIT and mall REIT sectors. • Initiated coverage of the healthcare REITs,Simon Property, and The Rouse Company. • Built and maintained financial models in Microsoft Excel for each company.
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New Plan Realty Trust
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New York
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Real Estate/Acquisition Analyst
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1993 - 1997
• Served as an acquisition analyst purchasing shopping centers and garden apartment complexes. • Sourced, underwrote, negotiated, and closed properties. Acquisition volume for the group totaled approximately $1 billion. • In-depth knowledge of property leases and operating statements. • Due diligence included price acceptance and contract negotiation. • Reviewed commercial lease abstracts and reconciling CAM, tax, and insurance billings. • Reviewed market demographics and competitive property information. Show less
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Value Line
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United States
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Financial Services
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1 - 100 Employee
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Equity Research Analyst
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1991 - 1993
• Published research reports on approximately thirty-five companies in the real estate (REITs), computer software, specialty chemical, and natural gas industries. • Analysis included financial statement analysis, generating revenue and earnings forecasts, cash flow projections, and capital budgeting requirements. • Published research reports on approximately thirty-five companies in the real estate (REITs), computer software, specialty chemical, and natural gas industries. • Analysis included financial statement analysis, generating revenue and earnings forecasts, cash flow projections, and capital budgeting requirements.
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Education
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Baruch College
Bachelor of Business Administration - BBA, Finance; Honors, magna cum laude -
Balboa High School
Academics