Associate, International Asset Management - New York, United States - QuadReal

QuadReal
QuadReal
Verified Company
New York, United States

3 weeks ago

Mark Lane

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Mark Lane

beBee recruiter
Description

About QuadReal Property Group
QuadReal Property Group is a global real estate investment, operating and development company headquartered in Vancouver, British Columbia. Its assets under management total $73.8 billion.

From its foundation in Canada as a full-service real estate operating company, QuadReal has expanded its capabilities to invest in equity and debt in both the public and private markets.

QuadReal invests directly, via programmatic partnerships and through operating companies in which it holds an ownership interest.


QuadReal seeks to deliver strong investment returns while creating sustainable environments that bring value to the people and communities it serves.

Now and for generations to come.


QuadReal:
Excellence lives here.

  • Discover _Glassdoors_ #3 Best Places to Work 2023_

Associate, Asset Management


Based in New York, The Associate, Asset Management will report to the Vice President, Asset Management, Multifamily and will primary focus on the U.S.

This role will provide key support to QuadReal's multifamily assets
- including but not limited to; developing, and executing asset strategy plans to enhance value, increase returns and position the assets for growth.


As an Associate
, Asset Management You Will:

  • Lead the development and execution of comprehensive asset strategies including, leasing, operating & capital budgeting, property improvements, risk management, and hold/sell analysis
  • Work closely with thirdparty property managers to oversee leasing and marketing strategy, operating expense management and capital needs of the property
  • Analyze and compare current and historical financial reporting on key metrics against underwriting and budget
  • Aggregate asset management data and prepare in conjunction with Portfolio Management monthly, quarterly, and annual reporting for clients, senior management (as required)
  • Monitor property managers performance for compliance with annual budgets and business plans and prepare quarterly updates on asset performance, including progress on strategic initiatives
  • Assist in monitoring development and capex projects including closeout procedures with oversight by inhouse development team
  • Prepare hold/sell analyses, and property performance updates, evaluate financing scenarios and other investment decisions in conjunction with the Investment team
  • Assist in furthering key asset management initiatives to streamline and standardize reporting templates including refinement of the asset level master database, portfolio operations data warehouse and market intelligence resources
  • Collaborate with the Regional Investment teams in the due diligence process for new investments and asset dispositions regarding underwriting assumptions (market rent, rent growth, expenses, capital expenditures, etc.)
  • Assist the ESG, and Development Management teams in identification and evaluation of opportunities to improve asset level sustainability with an aim to increase YoY portfolio GRESB scores and contribute to the corporate Net Zero Commitment for carbon emissions by 2050.
  • Travel to assets to meet with onsite property management teams, brokers, and strategic partners

Your Background:


  • Bachelor's degree; preferably in Real Estate, Finance, Accounting or a related discipline with strong academic credentials and a passion for real estate.
  • Minimum 3+ years of asset management experience in the real estate industry. Demonstrated experience in analyzing complex investment issues and developing and executing investment strategies to achieve results and mitigate risk. Prior US multifamily residential asset management experience preferred.
  • Strong quantitative and analytical skills; detailoriented and proficient in building and handling complicated data sets. Demonstrated aptitude manipulating large real estate portfolio and asset level data sets.
  • Must be able to allocate time effectively and work under pressure to meet tight deadlines, handle multiple demands and competing priorities, and adapt to new ideas and change.
  • Advanced in Excel, Word, PowerPoint. Applicable experience with MSCI and data dashboard creation in Excel and Power BI. Proficient in Argus, Yardi, RealPage or other revenue management/leasing tools preferred.
  • Must be extremely proactive and work well in a collaborative environment, with the ability to take guidance but then move projects forward independently.

Don't have
all of the above skills?
Don't worry, we still want to hear from you**- The expected annualized base salary range for this role is $135,000 to $150,000._

  • The actual salary offered will take into consideration a wide array of factors including, but not limited to, the individual's skill, experience, education and training, the market compensation of the role, and the consideration to internal equity._
  • QuadReal offers a competitive total rewards package in addition to the base pay, which includes a performancebas
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