Associate, Asset Management, Industrial

QuadReal Property Group-posted 3 months ago

$135,000 - $145,000/Yr

Full-time • Mid Level

New York, NY

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We are seeking an Associate for Asset Management in the US Industrial sector, based in New York. This role involves supporting QuadReal’s directly invested portfolio of industrial assets by developing and executing strategic plans to enhance value, increase returns, and position the assets and portfolio for growth. The position requires close collaboration with the Valuations, Global Portfolio Management, and Regional Investment teams, providing significant exposure to senior leaders within the company. The Associate will report to the Vice President of Asset Management, US Industrial.

Lead the development and execution of comprehensive asset strategies including, leasing, property improvements, capital budgeting, risk management, and hold/sell analysis
Lead 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 Capital Projects and 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

Bachelor’s degree; preferably in Real Estate, Finance, Accounting or a related discipline with strong academic credentials and a passion for real estate
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
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
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
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
Proficient in Argus, Excel, Yardi, Word and PowerPoint
Applicable experience with MSCI and data dashboard creation in Excel and Power BI would be an asset
Must be extremely proactive and work well in a collaborative environment, with the ability to take guidance and move projects forward independently to achieve successful outcomes

Performance-based incentive plan
Comprehensive health & dental benefits
Defined contribution pension plan
Paid time off

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