Associate - Transactions

Franklin Templeton • Los Angeles, CA

10d

About The Position

Clarion Partners has been a leading real estate investment manager for over 40 years. Headquartered in New York, the firm maintains strategically located offices across the United States and Europe. Clarion Partners offers a broad range of real estate strategies across the risk/return spectrum to approximately 500 institutional investors across the globe. Clarion Partners operates independently as a Specialist Investment Manager owned by Franklin Templeton (FT), a diversified firm that spans asset management, wealth management, and fintech, giving us many ways to help investors make progress toward their goals. Responsibilities: Assembling and modifying discounted cash flow projection models with respect to an investment, utilizing both Excel and Argus Assist with all due diligence relating to new investments including but not limited to the review of third party environmental and engineering reports, title, survey, historical financial statements, leases, and market research Assembling and drafting investment memos to be presented to Clarion Partners and client investment committees Monitor and analyze the financial performance of properties and portfolios Create/maintain portfolio models Assist with financing and disposition transactions Assist with preparation and review of portfolio level and client reports Prepare ad-hoc reports when needed Assist with special projects as needed Projections: Assemble and modify cash flow projection models with respect to an investment, utilizing both Argus and Excel. Utilize judgment, develop and form strong opinions on various underwriting assumptions and appropriate pricing/return parameters Investment Memoranda: Prepare and assist in the presentation of Preliminary and Final Investment Memoranda to the Investment Committee and to Por􀀁olio Management personnel. Involves substantial data review and writing Due Diligence and Closing: Undertake all due diligence responsibilities including detailed analyses of a property’s title and entitlement status, engineering and environmental condition, tenants and in-place lease review, operations and related financial statement review, analysis of market and competitive position, and other typical pertinent due diligence issues. Involves substantial data collection and review. Monitor transaction progress and coordinate closing Assist with financing Prepare ad-hoc reports when needed; assist with special projects as needed Up to 25% of the analyst’s time may be spent on asset management, portfolio management, or research tasks Qualifications: Education: Bachelor’s degree in real estate or finance; advanced degree is a plus Associate Experience: 3-4 years postgraduate experience Strong skills in financial analysis and modeling; high competency in preparing cash flows Proven track record of success deploying capital into investments that generate projected returns and create long-term value for all stakeholders Experience in investment underwriting both commercial and residential asset types. Experience underwriting development opportunities is preferred Experience in preparing written investment recommendations and participating in investment opportunity presentations If based in Los Angeles, the base salary range for this position is USD $110,00.00 - $130,00.00. Actual base salary offered will be determined by several components including but not limited to the candidate's experience, job-related knowledge, and qualifications. Base salary does not include other forms of compensation or benefits offered in connection with the advertised role. Total compensation may vary based on role, location, and individual performance. For roles located outside of Chicago, please disregard the posted salary range as these roles will follow a separate compensation process based on the local market. We offer generous benefits designed with the health and financial welfare of our employees and their families in mind, including highly competitive and expansive health care coverage, a comprehensive 401K, company-sponsored volunteer opportunities, individual volunteer time off, parental leave and childcare programs, as well as other benefits and discount purchase programs. Clarion Partners is an Equal Opportunity Employer. We are committed to providing equal employment opportunities to all applicants and existing employees, and we evaluate qualified applicants without regard to ancestry, age, color, disability, genetic information, gender, gender identity, or gender expression, marital status, medical condition, military or veteran status, national origin, race, religion, sex, sexual orientation, and any other basis protected by federal, state, or local law, ordinance, or regulation. By joining us, you will become part of a culture that focuses on employee well-being and provides multidimensional support for a positive and healthy lifestyle. Clarion Partners offers generous benefits designed with the health and financial welfare of our employees and their families in mind, including highly competitive and expansive health care coverage, a comprehensive 401K, company-sponsored volunteer opportunities, individual volunteer time off, parental leave and childcare programs, as well as other benefits and discount purchase programs. Clarion Partners is committed to fostering an inclusive environment. We provide employees with the tools, resources, and learning opportunities to help them excel in their career and personal life. At Clarion Partners, you will have the opportunity to build a career based on your dedication and talent in a culture that values both collaboration and autonomy. The work you do will have a real impact. Whether you're looking to begin your journey in commercial real estate, or strengthen an already robust career, Clarion Partners offers several ways to contribute to the growth of our Firm and success of our clients.

Requirements

• Bachelor’s degree in real estate or finance; advanced degree is a plus
• 3-4 years postgraduate experience
• Strong skills in financial analysis and modeling; high competency in preparing cash flows
• Proven track record of success deploying capital into investments that generate projected returns and create long-term value for all stakeholders
• Experience in investment underwriting both commercial and residential asset types.
• Experience in preparing written investment recommendations and participating in investment opportunity presentations

Nice To Haves

• Experience underwriting development opportunities is preferred

Responsibilities

• Assembling and modifying discounted cash flow projection models with respect to an investment, utilizing both Excel and Argus
• Assist with all due diligence relating to new investments including but not limited to the review of third party environmental and engineering reports, title, survey, historical financial statements, leases, and market research
• Assembling and drafting investment memos to be presented to Clarion Partners and client investment committees
• Monitor and analyze the financial performance of properties and portfolios
• Create/maintain portfolio models
• Assist with financing and disposition transactions
• Assist with preparation and review of portfolio level and client reports
• Prepare ad-hoc reports when needed
• Assist with special projects as needed
• Assemble and modify cash flow projection models with respect to an investment, utilizing both Argus and Excel.
• Prepare and assist in the presentation of Preliminary and Final Investment Memoranda to the Investment Committee and to Por􀀁olio Management personnel.
• Undertake all due diligence responsibilities including detailed analyses of a property’s title and entitlement status, engineering and environmental condition, tenants and in-place lease review, operations and related financial statement review, analysis of market and competitive position, and other typical pertinent due diligence issues.
• Monitor transaction progress and coordinate closing
• Assist with financing
• Prepare ad-hoc reports when needed; assist with special projects as needed

Benefits

• generous benefits designed with the health and financial welfare of our employees and their families in mind, including highly competitive and expansive health care coverage
• a comprehensive 401K
• company-sponsored volunteer opportunities
• individual volunteer time off
• parental leave and childcare programs
• other benefits and discount purchase programs

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 5,001-10,000 employees