Associate, Logistics Asset Management- CBRE Investment Management

CBRE Group, Inc; Jersey City (NJ); On-site; USD 140,000 - 160,000; Full time

Job summary

CBRE Investment Management Logistics is seeking an Asset Management Associate to maximize asset value through occupancy optimization and financial management. This role involves creating budgets, leading leasing strategies, and collaborating on financial modeling efforts for various properties. Ideal candidates will have at least 6 years of experience in real estate asset management and proficiency in analytical tools like ARGUS and MS Office.

Qualifications

• Minimum 6 years of experience in financial analysis/real estate asset management required.
• Strong attention to detail with excellent verbal and written communication skills.
• Ability to build, audit, and maintain complex financial models.

Responsibilities

• Create annual budgets and business plans for various properties.
• Lead marketing and leasing strategies across the portfolio.
• Collaborate on valuations, acquisitions, and dispositions.

Skills

Analytical skills

Problem-solving skills

Communication skills

Financial modeling

Education

Undergraduate degree in real estate, accounting, finance, economics, or related field

Tools

ARGUS Enterprise

MS Office Suite

Python

SQL

C++

Job description

About the Role : CBRE Investment Management Logistics is seeking an Associate to join our North region logistics asset management team based in New York City. As an Asset Management Associate, you will work with the North Regional Asset Manager and Analyst and own several markets, as a "Market Leader", with properties across various risk profiles, including Core, Core-Plus, Value-Add, and Development. The North region currently has 50 operating properties totaling 24.6 million square feet with an additional 1.9 million square feet under construction and a land bank totaling 2.2 million square feet. This Associate will be integral to the continued operations of CBRE IM's North region by maximizing asset value through optimizing occupancy, maximizing revenue, reducing expenses, managing capital and other value-add

You'll Do :

• Budgets, Business Plans and Reporting : Create annual budgets and business plans for the properties in accordance with different portfolio strategies (three CBRE IM funds and various separate accounts). In conjunction with property management, accounting and analysts, responsible for financial reporting, reforecasts, and variance analysis on ad hoc, monthly, quarterly and annual basis. Review of annual operating expense reconciliations.
• Leasing : Lead marketing and leasing strategies by ensuring vacancies are "move-in" ready condition and working with third party brokerage partners by responding to LOIs and negotiating new leases and renewals. Work with joint-venture partners on the leasing of new developments.
• Third Party Oversight : Oversee third party property management, project management and tax consultants, including the review of operating expenses and completing capital expenditure plans.
• Valuation, Deployment, Disposition and Financing Collaboration :
• Valuations : Collaborate with Portfolio Management on valuations using income, sales comparison, and replacement cost approaches. Assist in the review of quarterly appraisals and provide feedback to portfolio management.
• Deployment : Collaborate with Deployment team on new acquisitions and developments to ensure underwriting is consistent with market conditions.
• Dispositions : Analyzing BOVs, running hold-sell analysis, and gathering due-diligence information. Assist with Investment Committee disposition presentations.
• Financing : Collaborate with internal capital markets team and assisting with data requests.
• Financial modeling : Build, audit, maintain, and own financial models to assess investment opportunities across all assigned assets. What You'll Need :
• Undergraduate degree in real estate, accounting, finance, economics, or related field preferred.
• Minimum of 6 years of related experience in financial analysis / real estate asset management.
• Proficient in ARGUS Enterprise and MS Office Suite (Excel, PowerPoint, and Word). Coding skills in Python, SQL, C++, or comparable languages are a plus.
• Strong analytical and problem-solving skills with phenomenal attention to detail!
• Ability to create, complete and audit complex financial models.
• Excellent verbal and written communication skills to effectively present information.
• Ability to participate and / or lead assignments with other team members.
• Demonstrates initiative, self-starter and ability to meet deadlines.
• Highly organized with ability to lead multiple tasks in a dynamic, team environment.
• Comprehend, analyze, interpret, and create real estate documents including, but not limited to LOIs and leases.
• Strong knowledge of asset and property management, leasing, brokerage, marketing, financial reporting and financial concepts such as net present values and internal rates of return.
• Negotiate leases while maintaining strong client relations. Additionally, effectively respond to sensitive issues and complex inquiries.
• Present information effectively to other employees, senior management, and client groups in private and public settings.
• Travel 35% of the time, including overnight.#INDSJ#CBREIMCBRE Investment Management carefully considers multiple factors to determine compensation, including a candidate's education, training, and experience. The minimum salary for this position is $140,000 annually and the maximum salary for the position is $160,000 annually. The compensation that is offered to a successful candidate will depend on the candidate's skills, qualifications, and experience. Successful candidates may also be eligible for a discretionary bonus based on CBRE IM's applicable benefit program.Equal Employment Opportunity : CBRE has a long-standing commitment to providing equal employment opportunity to all qualified applicants regardless of race, color, religion, national origin, sex, sexual orientation, gender identity, pregnancy, age, citizenship, marital status, disability, veteran status, political belief, or any other basis protected by applicable law.Candidate Accommodations : CBRE values the differences of all current and prospective employees and recognizes how every employee contributes to our company's success. CBRE provides reasonable accommodations in job application procedures for individuals with disabilities. If you require assistance due to a disability in the application or recruitment process, please submit a request via email at or via telephone at (U.S.) and (Canada).

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