Associate, Asset Management

New York City, NY - USA

Monthly Salary: $ 125000 - 150000

Posted on: 4 hours ago

Vacancies: 1 Vacancy

Job Summary

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About Us

Perform Properties is a Blackstone Real Estate portfolio company focused on high-performing retail and office properties with People-Appeal - vibrant spaces where people actively choose to work shop and gather. With expertise in transactions development leasing and management the company oversees over 33 million square feet of retail and office properties across the U.S. Learn more: .

Role Summary

The Associate on the Asset Management team will provide analytical support to regional and sub-regional teams charged with maximizing property values through operations (leasing capital development & redevelopment) and capital markets (financings dispositions etc.) in close collaboration with the Blackstone Asset Management team. These teams vary in location to cover the United States coast-to-coast hitting major markets like New York Atlanta Miami Los Angeles San Francisco Seattle Chicago etc. all the while exploring new gateway markets.

Were seeking an Associate to join our Asset Management team in a role that goes beyond traditional asset oversight. This position will be more broadly focused on investments with significant involvement in transactions analytics and underwriting. The ideal candidate will have experience in acquisitions or asset management and be proficient in complex Argus and Excel modeling. This is a dynamic opportunity for someone who thrives in a fast-paced deal-oriented environment and is eager to work closely across functions to drive asset and portfolio value.

Major responsibilities include constructing and validating all cash flow assumptions utilized in projections; creating business plans with Region 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 valuations.

Position requires ability to act as a project leader and research and challenge assumptions. The Associate in collaboration with the senior members of the Asset Management team will be given direct financial responsibility for multiple office and retail assets acting as a strategic investment advisor within their Portfolio team. Although allocated regionally the role functions as an integral part of one team with national coverage.

This role is based in the office 5 days a week Monday-Friday.

Essential Job Functions

Financial Goals Act as strategic and analytical thought partner and leader to Perform Region 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 and maintain business plans with Region 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 Perform 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 Region Leads on developing assumptions communicating market developments and assisting in broker engagements.

Dispositions and Debt Transactions Support team in underwriting due diligence and closing phases for disposition and debt transactions. Coordinate the flow of information & materials with buyers lenders attorneys brokers; review Broker Opinions of Value due diligence materials Offering Memorandums; and prepare closing statements and memos. Review Argus files and associated financial assumptions and cash flow.

Liquidity / Cash Management Manage liquidity needs develop and monitor leading indicators of cash management concerns and provide timely reporting to Perform and Blackstone leadership.

Organization and Communication Drive the organization and communication of key work products and information to effectively report to Region Lead and Blackstone on asset or market conditions. Proactively manage processes and suggest improvements or areas where communication can be streamlined.

The Associate will work in close collaboration with senior team members on the Asset Management team daily in addition to collaborating with other departments throughout Perform and Blackstone.

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Qualifications and Technical Competencies

1-3 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 loan documents and other legal documentation

Ability to work independently handle multiple concurrent projects and meet deadlinesas well as ability to thrive in a collaborative team environment and work effectively with team members often spread across multiple geographies and time zones
Keen attention to detail; ability to run zero-defect analyses as well as review the analyses of junior team members
Preferred Qualifications:
Bachelors degree in real estate engineering economics finance business or other quantitative fields
Minimum of 4 years of experience within an investment bank or real estate investment firm
Proficient in Microsoft Word and PowerPoint
Experience overseeing and mentoring other professionals
Willing to travel up to 15% - note upfront travel will be more

Benefits & Compensation

Benefits: The Company provides a variety of benefits to employees including health insurance coverage retirement savings plan paid holidays and paid time off (PTO).

Base Salary Range: $125000-$150000. This represents the presently-anticipated low and high end of the Companys base salary range for this position. Actual base salary range may vary based on various factors including but not limited to location and experience.

The additional total direct compensation and benefits described above are subject to the terms and conditions of any governing plans policies practices agreements or other materials or documents as in effect from time to time including but not limited to terms and conditions regarding eligibility.

Closing

EEO Statement

Our company is proud to be an equal opportunity employer. We celebrate diversity and 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 accommodations if you need an accommodation to complete the application process please email

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Required Experience:

Please review the job applicant privacy notice here.About UsPerform Properties is a Blackstone Real Estate portfolio company focused on high-performing retail and office properties with People-Appeal - vibrant spaces where people actively choose to work shop and gather. With expertise in transaction...