The Professionals’ Choice for Real Estate Jobs
  1. Home
  2. Find Jobs
  3. Associate, Asset Management, US Industrial
QuadReal

Associate, Asset Management, US Industrial

Salary
Competitive
Employment
Full Time
Work Place
Part Remote
Real Estate Field
Location
New York
 NY
Postal Code
10019
Country
United States

This job is no longer active.

Description


Headquartered in Vancouver, Canada, QuadReal Property Group is a global real estate investment, operating and development company. QuadReal manages the real estate and mortgage programs of British Columbia Investment Management Corporation (BCI), one of Canada’s largest asset managers with a $171.3 billion portfolio. QuadReal manages a $61.2 billion portfolio spanning more than 23 cities across 17 countries.

The International Real Estate portfolio is diversified by asset type and market with assets spanning markets including New York, London, Paris, Los Angeles, Miami, Melbourne, and Hong Kong among other Global Cities. The company seeks to deliver strong investment returns while creating sustainable environments that bring value to the people and communities it serves, now and for generations to come. QuadReal: Excellence lives here. This role will support QuadReal’s wholly owned direct invested portfolio of industrial assets to develop, and execute asset strategy plans and to enhance value, increase returns and position both the assets and the portfolio for growth. This position will also require close collaboration with Valuations, Global Portfolio Management and Regional Investment teams working on variety of projects and will gain exposure to senior leaders within the company. The role will report to the Vice President Asset Management, US Industrial and will be based in New York City or Los Angeles.

Responsibilities

• Lead the development and execution of comprehensive asset strategies including, leasing, property improvements, capital budgeting, risk management, and hold/sell analysis
• Work closely with leasing teams in driving lease transactions through all phases of negotiation and provide reporting for senior management approval • Oversee the annual budget process and internal analyst resources
• Analyze and compare current and historical financial reporting on key metrics against underwriting and budget
• Aggregate asset management data and prepare in conjunction with Portfolio Management monthly, quarterly, and annual reporting for clients, senior management and BCI (as required)
• Monitor property managers performance for compliance with annual budgets and business plans and prepare quarterly updates on asset performance, including progress on strategic initiatives 
• Assist in monitoring development and capex projects including closeout procedures with oversight by in-house development team
• Prepare hold/sell analyses, lease approval memos and other investment decisions in conjunction with the Investment team
• Assist in furthering key asset management initiatives to streamline and standardize reporting templates including refinement of the asset level master database tenant exposure dashboards etc.
• Collaborate with the Regional Investment teams in the due diligence process for new investments and asset dispositions regarding underwriting assumptions (market rent, rent growth, expenses, lease recovery structure, etc.)
• Liaise with research and investment teams to stay current on local market dynamics and understand its impact on how each asset is positioned in its respective market.
• Develop in market relationships with service providers to understand an assets competitive positioning relative to rents, lease terms, vacancy, supply/demand fundamentals, and operating costs
• Travel to assets to meet with onsite property management teams, brokers, tenants, and strategic partners

Qualifications and Experience

Education– Bachelor’s degree; preferably in Real Estate, Finance, Accounting or a related discipline with strong academic credentials and a passion for real estate
Experience – Minimum 3+ years of asset management experience in the real estate industry. Demonstrated experience in analyzing complex investment issues and developing and executing investment strategies to achieve results and mitigate risk
Analytical – Strong quantitative and analytical skills; detail-oriented and proficient in building and handling complicated data sets. Demonstrated aptitude manipulating large real estate portfolio and asset level data sets. Adept at synthesizing large quantities of information for concise executive level reporting and risk management.
Communication – Excellent communication and presentation skills; demonstrate an ability to effectively communicate and present results that articulate key themes and messages to investment teams, asset managers, and joint venture partners.
Organization – Must be able to allocate time effectively and work under pressure to meet tight deadlines, handle multiple demands and competing priorities, and adapt to new ideas and change. Comfortable following direction but also contributing to the direction.
Software – Proficient in Excel, Word, PowerPoint. Applicable experience with MSCI and data dashboard creation in Excel and Power BI. Proficient in Argus, Yardi, RealPage or other revenue management/leasing tools preferred.
Relationship – Must be extremely proactive and work well in a collaborative environment, with the ability to take guidance but then move projects forward independently.
Values – Embrace and pro-actively support QuadReal’s values and its culture of environmental sustainability and corporate and social responsibility.
 

Job Sector


 

Experience


2+ to 5 years


This job is no longer active.