Associate, Asset Management

Brookfield Properties (USA) LLC; United States; On-site; USD 125,000 - 140,000; Full time

Benefits offered by this job

401K matching

Tuition reimbursement

Paid maternity leave

Summer Fridays

Job summary

Brookfield Properties in Los Angeles, CA seeks an Associate to focus on asset management, lease analyses and execution, business plan development and valuations for the West Region U.S. industrial portfolio.

You will gain exposure to underwriting, market research, portfolio management and development activities across the Los Angeles office. The role offers the opportunity to work with a dynamic team, enhance analytical skills, and contribute to long-term value creation in a leading real estate

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.

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

Attention to detail

Analytical ability

Communication

Time management

Organizational skills

Education

Bachelor’s degree in real estate or finance

Tools

Argus

VTS

Excel

PowerPoint

Job description

Location Wells Fargo Center - 333 S Grand Ave, Suite 300

Our Company BGRE is a premier, global real estate partner to the world’s most ambitious businesses. It operates and develops the real estate they rely on to grow with conviction across markets and sectors. The company combines global scale with deep local expertise, managing more than 260 MSF of office, logistics, hospitality, retail and living space in gateway markets around the world on behalf of Brookfield. Supported by thousands of employees worldwide, BGRE is committed to building strong partnerships, operating sustainably and creating places where people can work, live, connect and thrive. For more information, visit bgre.com.

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

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.

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.

#LI-SB1 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.

#BPUS

BGRE is a premier, global real estate partner to the world’s most ambitious businesses. It operates and develops the real estate they rely on to grow with conviction across markets and sectors. The company combines global scale with deep local expertise, managing more than 260 MSF of office, logistics, hospitality, retail and living space in gateway markets around the world on behalf of Brookfield. Supported by thousands of employees worldwide, BGRE is committed to building strong partnerships, operating sustainably and creating places where people can work, live, connect and thrive. For more information, visit bgre.com.