Real Estate Analyst

JLL•Chicago, IL

3d•$80,000 - $102,000•Onsite

About The Position

This role will support our PM+ team in maximizing the value of a portfolio of grocery-anchored retail properties. This role focuses on operational efficiencies, including lease analysis and collaboration with various stakeholders. The ideal candidate will be highly proficient in Excel and ARGUS, detail-oriented, and possess excellent communication skills to effectively interact with internal teams and external parties.

Requirements

Bachelor's degree in Finance, Real Estate, Business Administration, Economics or a related field.
0-3 years of experience in commercial real estate, finance, or a related field, specifically with exposure to retail properties.
Strong proficiency in Microsoft Excel, including advanced financial modeling functions.
Proficiency in ARGUS.
Familiarity with commercial real estate concepts and terminology, particularly related to retail leases.
Excellent written and verbal communication skills, with the ability to effectively interact with diverse stakeholders.
Ability to work independently and as part of a team.
Detail-oriented and organized.
Strong work ethic and a passion for commercial real estate, with a particular interest in the retail sector.
Some travel required

Nice To Haves

Experience with grocery-anchored retail properties.
Knowledge of commercial real estate valuation methods.

Responsibilities

Thoroughly review and provide informed opinions on renewal leases, new leases, and month-to-month leases for grocery-anchored retail properties.
Analyze lease terms, rental rates, and other key provisions to ensure alignment with asset strategies and market conditions.
Utilize ARGUS to model lease scenarios and assess financial impact.
Develop and maintain financial models for properties, including cash flow projections, valuation analyses, and investment return calculations, with a focus on lease-related income.
Analyze property-level financial statements, including income statements, balance sheets, and cash flow statements, paying close attention to tenant performance and lease obligations.
Assist in the preparation of annual budgets and quarterly forecasts, incorporating lease assumptions and market data.
Monitor property performance against budget, focusing on occupancy, rental rates, and tenant sales.
Interact effectively with management, brokerage teams, legal counsel, Ownership, tenants, and other third parties related to lease negotiations and property operations.
Clearly communicate findings and recommendations to internal stakeholders.
Coordinate with property management teams to ensure lease compliance and tenant satisfaction.
Conduct market research specific to grocery-anchored retail to identify trends, opportunities, and risks.
Analyze comparable properties and market data to support leasing decisions and rental rate strategies.
Prepare market reports and presentations for internal stakeholders, highlighting key trends in the grocery-anchored retail sector.
Support the implementation of asset strategies to maximize property value, with a focus on lease optimization.
Assist in the due diligence process for acquisitions and dispositions, with an emphasis on lease portfolio analysis.
Prepare regular reports on property performance, market conditions, and asset strategy implementation, with a focus on lease-related metrics.
Present findings and recommendations to internal stakeholders.
Assist with other asset management projects as needed.
Stay up-to-date on industry trends and best practices in grocery-anchored retail.