Portfolio Strategy Analyst

Last Mile Investments; Cincinnati (OH); On-site; Full time

Benefits offered by this job

Medical benefits

Dental benefits

Life insurance

401(k) plan

Job summary

A growing real estate investment firm located in Cincinnati is seeking a Portfolio Strategy Analyst to support portfolio strategy, fund-level analysis, and investor communications. This cross-functional role involves updating financial models, evaluating asset performance, and supporting investor account management. The ideal candidate has a Bachelor's degree in Finance or Economics and 2–5 years of experience in relevant fields. This position offers a competitive salary and comprehensive benefits package.

Qualifications

• 2–5 years of relevant experience in finance, real estate, private equity, investment banking, or investment sales.
• Demonstrated understanding of real estate financial statements and investment performance metrics.
• Strong organizational skills with high attention to detail and data integrity.

Responsibilities

• Maintain and update financial models, including portfolio return tracking.
• Evaluate asset-level business plans and support initiatives to maximize returns.
• Monitor portfolio performance and prepare related analysis.

Skills

Financial modeling

Analytical skills

Advanced Excel

Argus Enterprise proficiency

Communication skills

Education

Bachelor’s degree in Finance, Economics, Accounting, or a related field

Job description

Last Mile Investments (“LMI”) is seeking a Portfolio Strategy Analyst to support firmwide portfolio strategy, fund-level analysis, and investor-facing initiatives. LMI is a vertically integrated real estate investment manager focused on acquiring, operating, and scaling necessity-based, service-oriented retail assets across high-growth U.S. markets.

The Portfolio Strategy Analyst is a cross-functional role supporting both Portfolio Management and Investment Management, with responsibilities spanning asset-level performance analysis, oversight of business plan execution, portfolio strategy, investor account management, and investor communications. While the position will be based in Cincinnati to align with the firm’s portfolio analytics and asset-level data workflows, the analyst will work closely with senior leadership multiple cross-functional departments, including senior leadership.

A core component of this role is evaluating the execution of asset-level business plans across the existing portfolio and helping identify opportunities to maximize returns on owned assets, including through leasing strategy, capital allocation, refinancing analysis, and other value-creation initiatives. This position is designed for analytically strong candidates—particularly those with backgrounds in investment sales or principal-side real estate—seeking broader exposure to portfolio strategy, realized performance, and capital formation within a growing investment platform.

Responsibilities

• Maintain and update asset-, deal-, and fund-level financial models, including portfolio return tracking and internal IRR mapping tools
• Evaluate execution of asset-level business plans across the portfolio, identifying gaps between underwriting assumptions and realized performance, and supporting initiatives to maximize returns on owned assets
• Monitor portfolio performance and prepare analysis related to NOI, leasing activity, and business plan execution
• Support leasing and asset management teams through analytical tools such as NER/NEV templates, vacancy factor analysis, and lease-level modeling to inform capital and leasing decisions
• Analyze refinancing opportunities, early dispositions, and other portfolio-level capital and return enhancement strategies
• Assist with quarterly valuation processes, including internal analytics, Spot NOI analysis, and coordination with third-party valuation firms
• Prepare and support semi-annual operating budgets and periodic reforecast models
• Support investor account management across funds and separately managed accounts through performance analytics, reporting support, and ad hoc analysis
• Support investor expansion and fundraising efforts through research, benchmarking, and analytical support
• Prepare investor communications, case studies, and presentation materials for investment committee and investor use
• Assist with research initiatives and special projects, often of a confidential, complex, and/or time-sensitive nature
• Other responsibilities as assigned

Qualifications and Requirements

• Bachelor’s degree in Finance, Economics, Accounting, or a related field
• 2–5 years of relevant experience in finance, real estate, private equity, investment banking, or investment sales
• Strong financial modeling and analytical skills; advanced Excel and Argus Enterprise proficiency required
• Demonstrated understanding of real estate financial statements and investment performance metrics
• Strong organizational skills with a high attention to detail and data integrity
• Ability to manage multiple priorities and operate independently with minimal daily supervision
• Strong written and verbal communication skills
• Experience in real estate investment, asset management, or portfolio analytics preferred

Candidate Profile

The Portfolio Strategy Analyst must be deadline-driven, detail-oriented, and a team player with a positive attitude. The ideal candidate will be comfortable operating in a fast-paced environment, taking ownership of deliverables, and contributing to the development of scalable analytical processes.

Compensation and Benefits

Last Mile Investment’sPortfolio position will include a benefits package that includes medical, dental, life, and 401(k).It will provide a competitive salary based on the candidate’s experience.

About Last Mile Investments

Last Mile Investments (“LMI” or the “Firm”) is a rapidly expanding real estate fund manager specializing in the acquisition of last mile retail assets primarily located in Sunbelt markets, including Atlanta, Austin, Charlotte, Dallas/Fort Worth, Nashville, Jacksonville, Phoenix, Raleigh/Durham, and Tampa / St. Petersburg, among others. Headquartered in Cincinnati, OH, the Firm was founded in 2019 by Ryan Moore (CEO) and David Birdsall (CIO) (combined, the “Co-Founders”), who have significant retail investment, management, and capital markets experience across their collective careers. Prior to co-founding LMI, Ryan was a Principal at Phillips Edison & Co., where he led their investment management business and was responsible for the $7 billion fully integrated real estate platform focused on the retail sector. David was formerly the President of the Strategic Investment Fund division of Phillips Edison and Co., and VP of Development with Regency Centers, a national owner, operator and developer of shopping centers. LMI’s team currently consists of 24 professionals, all with deep experience in the retail sector. In addition, LMI is an affiliate of North American Properties (“NAP”), a privately held owner / operator that has invested $7 billion into the real estate sector since its inception in 1954.

Market Opportunity

LMI has established a robust national portfolio across 24 markets and a clear vision for growth. The Firm is seeking to add $1 billion of assets to its portfolio over the next three years, aiming to reach $2 billion in assets across 30-40 markets within five years. Historically, LMI has successfully raised multiple commingled fund vehicles, capitalized by a diversified roster of institutional, family office, and high-net-worth investors. Recently, LMI completed the capital raise of Fund III. LMI targets multi‑tenanted last mile retail assets that typically range in size from 10,000‑50,000 square feet in highly trafficked, densely populated locations. LMI often targets assets that are undermanaged and/or undercapitalized and seeks to create value through tailored capital improvements, lease‑up / re‑tenanting, operational improvements and mark‑to‑market opportunities. Importantly, LMI assets cater to e‑commerce‑resistant and service‑based tenants, including food & beverage, health & wellness, healthcare, and service/convenience users. This approach generates significant tenant demand and stable cash‑on‑cash returns. LMI’s current portfolio consists of 32 last mile retail assets located throughout the Sunbelt.

About North American Properties

What makes a place truly great? At North American Properties, we believe it centers on meaningful connections—bridging people to each other, cities to their unique identities, partners to new possibilities, and individuals to experiences that inspire and enrich their lives. Our commitment to fostering these connections is reflected in our longstanding partnership with Last Mile Investments (LMI), a rapidly growing real estate fund manager focused on last mile retail assets across major Sunbelt markets. By fulfilling the innate human desire for connection, we create environments that are not only more vibrant and successful, but also contribute to building happier, more resilient communities. Since our founding in 1954, North American Properties has paired robust capital resources and disciplined execution with an innovative mindset—qualities that align seamlessly with LMI’s value‑driven investment approach. Together, we have expanded the possibilities for more than $7 billion of assets throughout the United States, continually reimagining what retail and mixed‑use destinations can achieve. Whether developing multifamily, mixed‑use, office, student housing, hotel, or retail environments, North American Properties and our affiliate LMI share a drive to deliver transformative, meaningful real‑estate. We are united in our mission to create places that inspire, delight, and connect people with what matters most, ensuring our projects are not just successful investments, but catalysts for thriving communities. We look forward to hearing from you!

You can submit your resume at [e-mail]