Location
Brookfield Place New York - 250 Vesey Street, 15th Floor
Business - Real Estate
Brookfield Real Estate Group is one ofBrookfield's primary operating groups. The Real Estate Group is one of the world's largest investors in real estate, with a global portfolio that includes office, retail, multifamily, logistics, hospitality and alternative real estate assets on five continents. The Group owns and operates approximately $267 billion of assets representing the most iconic properties in the world's most dynamic markets. We seek to generate value by leveraging our operating expertise and focusing on our core real estate capabilities of leasing, financing, development, design and construction as well as property and facilities management. For more information, visit https://www.brookfield.com/our-businesses/real-estate .
Brookfield Culture
Brookfield has a unique and dynamic culture. We seek team members who have a long-term focus and whose values align with our Attributes of a Brookfield Leader: Entrepreneurial, Collaborative and Disciplined. Brookfield is committed to the development of our people through challenging work assignments and exposure to diverse businesses.
Job Description
The Associate will focus on management of Brookfield's self-storage and other existing alternative sector investments, and will work closely with the Portfolio Management team, Brookfield's affiliates, and operating partners towards the goals maximizing returns and growing the business.
Responsibilities:
• Creating and maintaining complex investment models for our various investments
• Assist in preparing and guiding portfolio company quarterly board packages
• Assist in underwriting and due diligence of new investments, refinancings, dispositions, etc.
• Maintain sector forecast models tracking fund, portfolio, and property-level liquidity and updated valuations on portfolio investments
• Frequent data analytics and scenario analysis to assist in operational and strategic decisions to improve investment performance
• Assist in relationship management with operators, JV partners and investors
• Track and update status of business objectives for each property/portfolio
• Identify development, expansion, and other capex opportunities, working with partners to track project progress and performance
• Track capital market and real estate trends in the various sectors, including sale comps, supply/demand relative to the industry and portfolio exposure
• Assist preparing and reviewing monthly, quarterly and annual reporting of the portfolio including valuations, reforecasting and business planning
• Conducting and maintaining sector investment research to keep PM team abreast of big-picture themes
• Monthly review of operating statements and financials
• Draft investment committee memorandums, investment recommendations and investor presentations as needed Essential Skills/Qualifications:
• Bachelor's degree required with a concentration in business, finance, accounting or real estate.
• 3-5 years of experience in real estate, in a portfolio management, investment banking, equity research or operational consulting role, preferably with experience in intensive operational sectors (experience in senior housing sector preferred but not required)
• Exceptional analytical, financial and corporate modeling, statistical and valuation skills
• Strong understanding of real estate capital markets and macro/microeconomics
• Excellent interpersonal and communication skills
• Diplomacy, tact, and a helpful, positive, professional presentation and attitude
• Excellent presentation skills, especially with PowerPoint
• Vision and ability to leverage data to identify and improve business process inefficiencies Salary Range: $150,000 - $200,000
Our compensation structure is comprised of a base salary and a short-term incentive program (cash bonus). Cash compensation tends to vary based on geography to account for local market conditions and is set to be market competitive. Compensation decisions are based on a number of factors including relative experience, overall years of experience, industry experience, education and designations.
Brookfield is committed to maintaining a Positive Work Environment that is safe and respectful; our shared success depends on it. Accordingly, we do not tolerate workplace discrimination, violence or harassment.
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.
