Description
Stockbridge is an established real estate investment firm with over $18.6 billion in AUM across a wide range of investment strategies and asset types across the U.S with offices in San Francisco, Atlanta, and Chicago.
This role is part of the Core and Value-Add (“CVA”) platform, which includes both funds and separate accounts with asset strategies ranging from core to value-add to ground-up development. this role will work on a collaborative team directly supporting Vice President(s) covering major West Coast regions and will work closely with the Asset and Portfolio Management Teams and occasionally with the Acquisition Team. There is a lot of room for growth and development for the right candidate! This is both a qualitative and quantitative position, strong math and written skills are necessary. Office, industrial and retail property types will be analyzed and monitored.
Primary Duties and Responsibilities:
- Prepare and update financial models in Excel and/or Argus for existing assets and portfolios including (1) analysis of leasing, financing, budgeting, joint venture and hold/sell decisions and (2) internal rate of returns, time-weighted returns, sensitivity tables, property valuations, cash-on-cash returns and various other return metrics.
- Assist in preparation and review of asset-level annual budgets and portfolio-level annual strategic business plans for clients.
- Prepare preliminary internal asset valuations, using a discounted cash flow and/or direct capitalization approach, for Investment Committee review and participate in internal quarterly valuation meetings.
- Coordinate asset appraisal process, review quarterly appraisals for accuracy and provide feedback to appraiser.
- Analyze lease transactions, perform tenant credit review as needed, and assist in the preparation of lease agreements including coordinating with legal counsel and leasing brokers.
- Review quarterly reports including rent rolls, returns, operating statements, legal matters and capital expenditures.
- Interface with leasing/sales brokers, property managers, portfolio analysts, lenders, operations/accounting teams, legal counsel, clients and other market contacts to obtain information pertinent to existing assets as well as pursuit and disposition efforts.
- Assist in disposition process, including preparation of return metrics and sales rational for Investment Committee review, interfacing with sales brokers and legal counsel, and coordinating closing and post-closing efforts.
- Work with the Accounting Team to ensure that operating results and other reporting requirements are completed accurately and on time by operating partners.
- Monitor ESG initiatives for the portfolio; consolidation and tracking of property-level ESG information and initiatives, internal and external portfolio-level ESG reporting, assisting in firm-wide ESG reporting, and overseeing external ESG consultants.
Skills and Competencies:
- All candidates must have a BA or BS degree from an accredited institution, preferably in real estate, finance, business, accounting, economics or related area. Must have strong academic credentials.
- Candidates should have two to three years of real estate industry experience, preferably at least two years working specifically on corporate real estate assets.
- Computer proficiency with a working knowledge of Microsoft Excel, PowerPoint, Word, and preferably Argus.
- Experience with financial modeling with an understanding of basic finance concepts such as NOI returns, cash flow returns, internal rate of return, time-weighted returns and present value/discounted cash flows.
- Strong writing skills as well as verbal interpersonal/communication skills.
- Organizational skills and attention to detail, with the ability to prioritize and manage multiple projects simultaneously.
- Ability to function both in a team-oriented setting and independently.
- Strong sense of personal motivation, responsibility, and entrepreneurship.
Experience
1+ to 2 years
This job is no longer active.