Summary
Overview
Work History
Education
Skills
Certification
Timeline
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Joseph Hobbs

Chicago,IL

Summary

Senior Associate at Houlihan Lokey with over five years of experience in the real estate industry, recognized for completing 100+ valuation and advisory engagements—including purchase price allocations, fund and fairness opinions, and portfolio valuations—and known for delivering analytical insights using ARGUS and advanced Excel to drive successful deal closures and enhance institutional portfolio performance.

Overview

7
7
years of professional experience
1
1
Certification

Work History

Senior Associate, Real Estate

Houlihan Lokey
Chicago, IL
11.2021 - Current
  • Manage real estate engagements from proposal to deal closure, delivering work products such as purchase price allocations, transaction opinions, fund opinions, portfolio valuations, fair market appraisals, and business combinations.
  • Completed 100+ purchase price allocations (ASC 805), lease accounting analyses (ASC 842), and fresh start accounting assignments for asset acquisitions and business combinations.
  • Complete analysis across various commercial real estate asset classes, including multifamily, office, industrial, and retail, in diverse metropolitan markets for institutional investors and financial institutions.
  • Create and refine valuation models using income capitalization, sales comparison, and cost approaches.
  • Apply valuation techniques to components such as land, buildings, site improvements, origination costs, lease interests, and ground leases.
  • Promoted to Senior Associate from Financial Analyst in June 2024.

Financial Analyst, Real Estate

Duff & Phelps, A Kroll Business
Chicago, IL
08.2020 - 11.2021
  • Analyzed industry market and competitor research on local, national, and international real estate markets using all accepted and relevant approaches for a wide range of public and private entities, and REITs.
  • Provided comprehensive support for a variety of acquisitions, including Accounting Standard Codification Topic 805: Business Combinations (ASC 805), net asset valuations (NAV), and debt valuation.

Summer Analyst, Real Estate

Duff & Phelps, A Kroll Business
Chicago, IL
05.2019 - 08.2019
  • Participated in a 10-week internship program, assisting in the valuation of large real estate portfolios.
  • Used Argus Enterprise and Excel to design financial discounted cash flow models for the sales and cost-approach valuation methods.
  • Contacted industry professionals, including brokers and property managers, to gather important data.

Summer Analyst, Real Estate

Compass Properties, LLC
Madison, WI
05.2018 - 01.2019
  • Created Excel-based property management systems to keep track of important building metrics, to assist property managers' decision-making across the entire Compass portfolio.
  • Analyzed the Madison Class A office market through sales/lease comp analysis and gained experience in ARGUS software to assist in potential asset acquisitions.
  • Developed property performance snapshots in Excel to efficiently communicate NOI, debt service, and property value to current and future capital providers.

Education

BBA - Madison, WI

University of Wisconsin - Madison
Madison, WI
05-2020

Skills

  • Excel Financial Modeling
  • Argus Enterprise
  • Costar
  • REIS or Real Capital Analytics (RCA)
  • Microsoft Word & Outlook
  • Powerpoint

Certification

  • Securities Industry Exam (SIE)
  • Series 63: Uniform Securities Agent State Law Exam
  • Series 79: Investment Banking Representative Exam
  • Wisconsin School of Business MS Excel Proficiency Course

Timeline

Senior Associate, Real Estate

Houlihan Lokey
11.2021 - Current

Financial Analyst, Real Estate

Duff & Phelps, A Kroll Business
08.2020 - 11.2021

Summer Analyst, Real Estate

Duff & Phelps, A Kroll Business
05.2019 - 08.2019

Summer Analyst, Real Estate

Compass Properties, LLC
05.2018 - 01.2019

BBA - Madison, WI

University of Wisconsin - Madison

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