Associate, Asset Management

Perform Properties • New York, NY

22h • Onsite

About The Position

Perform Properties, a Blackstone Real Estate portfolio company, is seeking an Associate for its Asset Management team. This role focuses on maximizing property values through operations and capital markets, with significant involvement in dispositions, refinancings, and underwriting. The ideal candidate will have experience in acquisitions or asset management, be proficient in Argus and Excel modeling, and possess strong operational leadership and collaboration skills. This is a dynamic opportunity for someone who thrives in a fast-paced, deal-oriented environment and wants to drive asset and portfolio value by working closely across functions. The Associate will be given direct financial responsibility for multiple office and retail assets, acting as a strategic advisor within their Portfolio team. Although allocated regionally, the role functions as an integral part of one team with national coverage. This role is in the office, 5 days a week Monday-Friday.

Requirements

• High degree of comfort with Argus Enterprise, preferably with retail specific experience
• Exceptional Excel and financial modeling skills with a working knowledge of IRR, NPV, and other fundamental real estate metrics
• Ability to read and interpret lease agreements, loan documents, and other legal documentation
• Ability to work independently, handle multiple concurrent projects, and meet deadlines
• Ability to thrive in a collaborative team environment and work effectively with team members often spread across multiple geographies and time zones
• Keen attention to detail; ability to run zero-defect analyses

Nice To Haves

• Bachelor’s degree in real estate, engineering, mathematics, economics, finance, business or other quantitative fields
• Minimum of 4 years of experience within an investment bank, major brokerage, or real estate investment firm
• Proficient in Microsoft Word and PowerPoint

Responsibilities

• Owning Argus files and financial model
• Creating business plans with Region Leads and Leasing Teams that align with property visions and financial objectives
• Material lease analyses
• Due diligence and closing of dispositions including large-scale portfolios
• Evaluating investment returns, asset sales timing, and valuations
• Act as strategic and analytical thought partner to Asset Management Directors and VPs on all financial matters related to the success of the portfolio
• Ask critical questions and challenge assumptions
• Create and maintain business plans with Region Leads that are aligned with the property vision, business objectives, and operating plans to grow asset value
• Drive efforts to coordinate strategic analyses as directed by Perform and Blackstone leadership, including hold/sell analysis, cap ex analysis, major lease analysis, and contribution/funding requests
• Evaluate total investment return, leverage strategies, cash flow forecasting, asset sales timing and values, and distribution forecasting
• Collaborate with Region Leads on developing assumptions, communicating market developments, and assisting in broker engagements
• Support team in underwriting, due diligence, and closing phases for disposition and debt transactions
• Coordinate the flow of information & materials with buyers, lenders, attorneys, brokers; review Broker Opinions of Value, due diligence materials, Offering Memorandums; and prepare closing statements and memos
• Prepare Argus files and associated financial assumptions and cash flow
• Run cash models with inputs from key stakeholders; develop and monitor leading indicators of cash management concerns; and provide timely reporting to Perform and Blackstone leadership
• Drive the organization and communication of key work products and information to effectively articulate asset strategy and execution updates to Perform leadership and Blackstone
• Proactively manage processes and suggest improvements or areas where communication can be streamlined
• Coordinate and collaborate with counterparts in Leasing, Construction / Development, Property Management, Accounting, and FP&A to drive alignment on asset strategy and execution
• Underwriting, budgeting, performing ad-hoc analysis, preparing for disposition, or day-to-day operational asset management

Benefits

• health insurance coverage
• retirement savings plan
• paid holidays
• paid time off (PTO)

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level