Associate, Real Estate

CPP Investments | Investissements RPC•New York, NY

1d•Hybrid

About The Position

When you join CPP Investments, you are joining one of the world’s most admired and respected institutional investors. As a professional investment management organization, CPP Investments invests the funds of the Canada Pension Plan (CPP) to help ensure its financial sustainability for generations of working and retired Canadians. CPP Investments invests across regions and asset classes to build a globally diversified portfolio. It holds assets in public equity, private equity, real estate, infrastructure, and fixed income, and the CPP Fund is projected to reach $3.6 trillion in assets by 2050. The organization is headquartered in Toronto with offices in Hong Kong, London, Mumbai, New York City, São Paulo, and Sydney. CPP Investments successfully attracts, selects, and retains talented individuals from top-tier institutions worldwide. Join our team for access to: Stimulating work in a fast-paced and intellectually challenging environment Accelerated exposure and responsibility Global career development opportunities Diverse and inspiring colleagues and approachable leaders A hybrid-flexible work environment with an emphasis on in-person collaboration A culture rooted in principles of integrity, partnership, and high performance An organization with an important social purpose that positively impacts lives If you have a passion for performance, value a collegial and collaborative culture, and approach work with the highest integrity, invest your career here. Role Summary: We are looking for an Associate to join the North American Real Estate team within the Real Assets group in New York, during an exciting period of transformative change and growth. You will be a key contributor to scaling the business in North America (the US and Canada, specifically), one of our most important regions, and will: i) work on transaction deal teams to undertake and manage long-term, sizeable equity investments; ii) actively engage in portfolio and asset management including dispositions; and iii) contribute to global initiatives. You will have significant exposure to all elements of the US and Canadian real estate business, including access to some of the best-in-class developers and managers in the country. In the North America, we actively invest in major markets across the country, including all major asset classes (such as industrial, residential, retail, and office), as well as alternative sectors (such as data centers, life science, and student housing). The role provides an opportunity to be actively involved in both new transaction execution and oversight of existing real estate investments across multiple sectors and markets. CPP Investments’ approach to real estate investments is flexible and includes large and scalable JV transactions with best-in-class operating partners across the risk spectrum, as well as both public and private company “platform” investment opportunities when warranted. We are growing rapidly, and the scale and complexity of our investment approach is constantly increasing. The RE group manages a C$50 billion portfolio of equity investments globally and over C$20 billion in North America.

Requirements

3 plus years of relevant work experience in a real estate investment, private equity, investment banking or related business; with a particular focus on investment and asset management
Minimum undergraduate business, finance, engineering, or economics degree – B.A, B.S. or equivalent
Investment transaction experience, including understanding of valuation and investment appraisal techniques essential
Strong interpersonal and communication skills with an ability to build working relationships internally and externally
Ability to apply consistent investment judgement; the ability to discern and focus on “what’s important”
Demonstrated adaptability, flexibility, and initiative
Demonstrated solid depth and breadth of modeling skills and can run accurate underwriting models (Excel and Argus Enterprise)
Fluency in MS Office (Excel, Word, and PowerPoint)
Willingness and ability to travel
Conduct consistent with our Guiding Principles of Integrity, Partnership and High Performance

Responsibilities

Research, analyze, underwrite, and evaluate a variety of real estate opportunities (direct asset investments, joint ventures, funds, and platforms)
Compile industry, market and asset level data and financial information
Build complex dynamic financial models to analyze investment opportunities (reviewing investment structures and specific assets using financial models and a variety of quantitative analytical tools to test assumptions and sensitivities)
Write/contribute sections of investment memoranda; participate in investment committee discussions
Perform detailed underwriting and transaction management activities, including evaluation of past and projected investment performance, partner capabilities, investment merits and risks, expected returns and sector dynamics
Assist in the evaluation, structuring and execution of real estate investment recommendations and review of legal documentation and closing activities
Participate in real estate Investment portfolio management activities, including monitoring and evaluation of the investment portfolio performance, including participating in third party meetings with co-owners, investment managers and professional advisors; analyze proposed budget, capital plans and other investment recommendations and assist in the buy/hold/sell analysis
Other relevant duties and projects as assigned.