Associate, Asset Management

Brookfield Asset Management; Los Angeles (CA); On-site; USD 125,000 - 140,000; Full time

Benefits offered by this job

401K matching

Tuition reimbursement

Summer Fridays

Paid maternity leave

Employee referral program

Job summary

Brookfield Properties in Los Angeles, CA is seeking an Associate to support asset management, lease analyses, and execution for Brookfield’s West Region U.S. industrial portfolio.

You will assist with commercial analytics, valuations, and market research while collaborating with cross-functional teams and external brokers. The role offers exposure to underwriting, portfolio management, and development, with a path toward leadership in a dynamic real estate organization and significant

Qualifications

• Bachelor’s degree in real estate, finance, or applicable field.
• 4-5 years of related experience.
• Ability to travel monthly.
• Argus experience required, VTS experience a plus.
• Strong understanding of financial principles and analytical ability.
• High attention to detail and strong organizational skills.
• Advanced Microsoft Excel and Power Point skills required.
• Demonstrated interest in real estate.
• Effective communication, time management, and presentation skills.

Responsibilities

• Manage the leasing process and analyze potential leases and the resulting financial impact on an investment.
• Ability to analyze lease proposals and negotiate lease transactions through execution.
• Analyze third party appraisals and conduct internal valuations.
• Build strong relationships with Industrial/Logistics Brokerage community.
• Perform detailed quarterly financial statement analysis, review of rent rolls, current and future cash flow and forecasting of cash flows through Argus.
• Perform financial analyses, including Argus valuation models and Excel-based underwriting of pro-formas, cash flow projections and sensitivity analyses.
• Assist Senior Asset Managers in development of annual operating budgets including leasing and capital project forecasting.
• Support Senior Asset Managers with asset sales/dispositions process.
• Provide analytical support to colleagues in the areas of Fund Operations, Investments and Development.
• Work on other tasks / initiatives to gain exposure to acquisitions, development, portfolio management, and market research as needed.

Skills

Financial analysis

Attention to detail

Communication

Time management

Presentation skills

Willingness to travel

Education

Bachelor’s degree in real estate, finance, or applicable field

Tools

Argus

VTS

Excel

PowerPoint

Job description

Location

Wells Fargo Center - 333 S Grand Ave, Suite 300

Our Company

At Brookfield Properties, the foundation of our success is firmly rooted in our people.

Our company is comprised of experts across a range of specialties who share a goal of ensuring our properties are continuously evolving to meet the needs of our communities and stakeholders. To meet this goal, we hire visionary, entrepreneurial talent who help us innovate and enhance our business. We build collaborative teams who value integrity, creativity and diversity.

Our teams operate an iconic portfolio of irreplaceable properties within the world’s most dynamic markets. As one of the largest real estate services companies, we provide management and development expertise exclusively for properties owned by Brookfield Asset Management.

Job Description

We Are Brookfield Properties:

Brookfield Properties develops and operates over 1000 properties and 390 million square feet of high-quality, sustainability-focused real estate assets around the globe on behalf of Brookfield Asset Management, one of the world’s largest alternative investment managers.

Our logistics business is a vertically integrated portfolio of 180M square feet across a footprint spanning five continents. We don’t just build and manage buildings. We develop the hubs of commerce that connect people and goods globally – places that are the backbone of an ever-evolving supply chain. We’re elevating the logistics business as we envision – and then deliver – the world’s most forward-thinking properties, creating spaces where people, businesses, and communities thrive.

We are seeking an Associate to join Brookfield Properties in Los Angeles, CA. In this role, you will play a key role in inspiring change and continual improvement. If you are committed to excellence and ready to contribute to a dynamic culture, we would love to meet you.

This position will be focused on asset management, lease analyses and execution, business plan development and implementation, asset valuations, and dispositions for Brookfield’s West Region U.S. industrial portfolio. Additionally, the Associate will have exposure to underwriting, market research, portfolio management and development and construction, working with the various teams in the Los Angeles office. The Associate will benefit from extensive exposure to the North American Logistics market through real estate management and analysis.

Role & Responsibilities:

• Manage the leasing process and analyze potential leases and the resulting financial impact on an investment

• Ability to analyze lease proposals and negotiate lease transactions through execution

• Analyze third party appraisals and conduct internal valuations

• Build strong relationships with Industrial/Logistics Brokerage community

• Perform detailed quarterly financial statement analysis, review of rent rolls, current and future cash flow and forecasting of cash flows through Argus

• Perform financial analyses, including Argus valuation models and Excel-based underwriting of pro-formas, cash flow projections and sensitivity analyses

• Assist Senior Asset Managers in development of annual operating budgets including leasing and capital project forecasting

• Support Senior Asset Managers with asset sales/dispositions process

• Provide analytical support to colleagues in the areas of Fund Operations, Investments and Development

• Work on other tasks / initiatives to gain exposure to acquisitions, development, portfolio management, and market research as needed

Your Qualifications:

• Bachelor’s degree in real estate, finance, or applicable field

• 4-5 years of related experience required

• Ability to travel monthly

• Argus experience required, VTS experience a plus

• Strong understanding of financial principles and analytical ability

• High attention to detail and strong organizational skills

• Advanced Microsoft Excel and Power Point skills required

• Demonstrated interest in real estate

• Effective communication, time management, and presentation skills

Your Career @ Brookfield Properties:

At Brookfield Properties, your career progression is important to us. As a successful employee, you will have the opportunity to grow within your team, department, and across the Brookfield organization. Our leadership teams are dedicated to the accomplishments of their employees. We also invest time into training and developing our people. We take pride in knowing that 70% of our employees have more than 5 years of tenure.

End your job search and find your career today, at Brookfield Properties.

Why Brookfield Properties?

We imagine, create, and operate on a foundation of values to build a better world, together. Brookfield Properties strives to create spaces where going to work never feels routine. As a Brookfield Properties employee, you will enjoy many benefits such as 401K matching, tuition reimbursement, summer Fridays, paid maternity leave and more. There is also a generous employee referral program because we want our existing team members to help us build a more diverse workplace through their networks.

Compensation & Benefits:

Salary Type: Exempt

Pay Frequency: Bi-weekly

Annual Base Salary Range: $125,000 - $140,000

Medical & Pharmacy Coverage: Yes, under Brookfield Medical Plan

Dental Coverage: Yes, under Brookfield Medical Plan

Vision Coverage: Yes, under Brookfield Medical Plan

Retirement: 401(k)

Insurance: Employer-paid life & short/long term disability

Brookfield Properties is an equal opportunity employer, and we foster an inviting, inclusive and collaborative environment.

We are proud to create a diverse environment and are proud to be an equal opportunity employer. We are grateful for your interest in this position, however, only candidates selected for pre-screening will be contacted.