Associate Asset Management
Associate Asset Management
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$ 110000 - 130000
1 Vacancy
Job Description
The Associate will provide analytical support to regional teams charged with maximizing asset value through leasing capital initiatives development & redevelopment or disposition. These teams cover the United States coasttocoast working collaboratively with Blackstone at all levels to achieve investment objectives.
Major responsibilities include constructing and validating all cash flow assumptions utilized in projections; creating business plans with Market Leads and Leasing Teams that align with property visions and financial objectives; material lease analyses; modeling due diligence and closing of dispositions; and evaluating investment returns asset sales timing and values.
Position requires ability to act as a project leader and research and challenge assumptions. The Associate will be given direct responsibility for multiple assets and projects acting as a strategic investment advisor within their Portfolio team. Although allocated regionally the role functions as an integral part of one team with portfoliowide coverage.
This position offers a hybrid work model which includes 4 days in office and 1 day remotely. Hybrid work may be modified based on the needs of the company.
Key Duties and Responsibilities
- Financial Goals Act as strategic and analytical thought partner and leader to BMR Market Leads on all financial matters related to the health and success of the company and assets in the market. Ask critical questions and challenge assumptions.
- Business Planning Create business plans with Market Leads that are aligned with the property vision org values business objectives and operating plans to grow asset value.
- Strategic Financial Analysis Drive efforts to coordinate strategic analyses as directed by BMR and Blackstone leadership including hold/sell analysis repositioning analysis major lease analysis and contribution/funding requests.
- Investment Analyses Evaluate total investment return leverage strategies cash flow forecasting asset sales timing and values and distribution forecasting. Collaborate with Market Leads on developing assumptions communicating market developments and assisting in broker engagements.
- Disposition Transactions Support BMR team in underwriting due diligence and closing phases for disposition transactions. Coordinate the flow of information & materials with buyers lenders attorneys brokers; review due diligence materials Offering Memorandums Broker Opinions of Value; and prepare closing statements and memos. Review Argus files and associated financial assumptions and cash flow.
- Organization and Communication Drive the organization and communication of key work products and information to effectively report to Market Lead and Blackstone on asset or market conditions. Proactively manage processes and suggest improvements or areas where communication can be streamlined.
Job Specifications
- Bachelors degree in business or related fields including quantitative disciplines such as engineering or other STEM degrees
- Minimum of 4 years of experience within an investment bank or real estate investment firm
- Ability to work independently handle multiple concurrent projects and meet deadlines
- 13 Years of Argus Enterprise experience; no Argus experience may be considered with demonstrated technology acumen and desire to quickly learn a new product
- Exceptional Excel and financial modeling skills with a working knowledge of IRR NPV and other fundamental real estate metrics
- Ability to read and interpret lease agreements
- Keen attention to detail; ability to run zerodefect analyses as well as review and oversee the analyses of junior team members
- Ability to think strategically and act proactively to drive asset strategy and decision making
- Consensus builder with collaborative approach possessing the ability to influence others without formal authority
- Thinks like an owner and has a passion for problem solving
- Team player; experience working in highperforming groups; experience overseeing and mentoring other professionals a plus; works inclusively within a diverse team.
- Ability to thrive in a collaborative team environment and work effectively with colleagues often spread across multiple
- Actively builds and enables supportive relationships to create a successful dynamic and fun organization and culture.
Salary: $110000 $130000 per year bonus long term incentive benefits
The above represents the expected salary range for this job requisition. Ultimately in determining pay well consider location experience and other jobrelated factors.
Benefits
At BioMed Realty we make sure you have the support and resources to leverage and develop your skills secure your financial future and take care of your health and wellbeing. BioMed Realty continually seeks to provide a workplace where everyone can be their authentic self. Through BioMed Realtys competitive benefits offerings and various training and development opportunities we have you covered with our Benefits Program which includes:
- EmployerPaid Medical Dental and Vision Insurance
- Paid Time Off and Paid Family Leave Benefits
- 401(k) Retirement Savings Plan
- Tuition Reimbursement
- Flexible Spending Accounts
- Commuter Benefits
- Lifestyle Spending Account
- Pet Insurance
- ID Theft Insurance
- Legal Insurance
- Employee Assistance Program
- 100 EmployerPaid Life & AD&D Insurance Short and Long Term Disability
Amenities
- Onsite Gym
- Complimentary Snacks Fresh Fruit Cold Brew Coffee Kombucha and Soda Water Provided
- Dry Cleaning Services Onsite
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About the company
BioMed Realty a Blackstone portfolio company is a leading provider of real estate solutions to the life science and technology industries. As of March 31 2024 BioMed Realty owns and operates highquality life science real estate comprising 16.1 million square feet concentrated in leading innovation markets throughout the United States and the United Kingdom including Boston/Cambridge San Francisco San Diego Seattle Boulder and Cambridge U.K. In addition BioMed Realty maintains a premier development platform with 2.7 million square feet of Class A properties in active construction to meet the demand of the life science and technology industries.
BioMed Realty is an equal opportunity employer. We are committed to creating an inclusive environment for all employees. Our employment decisions are based on individual qualifications job requirements and business needs without regard to race color marital status sex sexual orientation gender identity and/or expression age religion disability citizenship status national origin pregnancy veteran status and or any other legally protected characteristics. We are committed to providing reasonable accommodation if you need an accommodation to complete the application process please email .
Required Experience:
IC
Employment Type
Full-Time
