Associate, Real Estate Portfolio Management

Role: Portfolio Management Associate Bain Capital Real Estate

Location: Boston MA

Bain Capital Overview

With approximately $205 billion of assets under management Bain Capital is one of the worlds leading private investment firms. We create lasting impact for our investors teams businesses and the communities in which we live. Over four decades we have strategically grown our platform to focus on Private Equity Growth & Venture Capital Solutions Credit & Capital Markets and Real Assets. Today our team includes 1950 employees in 24 offices on four continents.

We partner differently to help people and companies embrace possibility and realize potential. Founded as a private partnership in 1984 we have fostered a culture of innovation entrepreneurialism and agility empowering our people to define and own their career trajectories. Today our partnership approach enables us to pursue strategic growth build enduring relationships with a robust external network and collaborate across our integrated platform to connect the deep and diverse expertise that unlocks breakthrough insights.

Our people are the heart of our advantage. Colleagues at all levels have a seat at the table as they tackle business challenges with a principal investor mindset. By asking incisive questions respectfully challenging one another and remaining intellectually agile we work together to achieve exceptional outcomes.

Real Estate Overview

Since 2010 senior members of the Bain Capital Real Estate (BCRE) team have refined a thematic and nimble business model focused on thesis-driven and resilient portfolio construction designed to capture long-term demand growth and changing customer needs and preferences for real estate. Our team which is led by Ryan Cotton Partner and comprises over 100 dedicated professionals has been thoughtfully constructed to capture market opportunities at scale. To date our strategy has been utilized for the acquisition of over 600 assets with total equity commitments of $9.8 billion. This includes but is not limited to acquisitions across BCRE Fund I ($1.5 billion 2018 vintage) BCRE Fund II ($3.0 billion 2020 vintage) the BCRE Life Science Fund ($800 million 2021 vintage) and BCRE Fund III (Raising 2023 vintage) value add-plus real estate funds focused predominantly on thematic investments in North America. We believe that while our business model is built to succeed in a broad range of environments it is particularly well suited for the current period of volatility with distress likely to create attractive deal flow over the near to medium term.

Averaging over 20 years of applicable experience Bain Capital Real Estates 13 Partners and Managing Directors have long and varied careers creating and managing innovative real estate and private equity investment platforms across an array of investment environments. Our senior team approaches decision-making with their expertise in acquisitions asset management portfolio management financing investment sales investment banking financial reporting legal engineering and development management in mind. They also have direct lines into long-time industry leaders as well as up-and-coming real estate players across a variety of asset classes and specialties. The team draws upon this foundation of complementary expertise and experience to source opportunities drive value and mitigate risk. As part of Bain Capital the real estate team leverages the collective scale experience and network of the firms global platform to augment sourcing efforts as well as to deepen insights and understanding of underlying secular themes driving demand and changing customer needs and desires across sectors germane to its current portfolio as well as future investment themes.

BCRE Portfolio Management

The Portfolio Management (PM) team is responsible for driving value managing risk and shaping fund performance across Bain Capital Real Estates portfolios. This role works closely with PM leadership to implement tools processes and insights that enhance decision-making and fund returns. The hire will play an essential role in liquidity planning performance monitoring roll-forward underwriting cycles business-plan tracking and cross-functional coordination with Investment Asset Management and Finance teams.

Key Responsibilities

Value Creation & Risk Management

• Support PM leads in identifying risks opportunities and drivers of fund performances
• Help synthesize insights on return drivers concentration underperformance risks and high-impact opportunities

Tools Reporting & Analytics

• Help build and maintain tools that track liquidity equity needs reserves refinancing risk and deal-level convexity
• Assist in developing monitoring tools for performance vs. underwriting and roll-forward projections
• Maintain and enhance the PM reporting package to deliver clear actionable insights
• Contribute to ongoing return-enhancement projects (e.g. recycling subline utilization gross-to-net improvement)

Process & Portfolio Management

• Support implementation of consistent processes across Investment Asset Management and Finance (e.g. hold/sell budgets valuations roll-forwards capital calls)
• Help drive standardization across strategiesparticularly around sale processes and hold/sell frameworks
• Maintain watchlists and assist with follow-ups for high-impact or high-risk assets/JVs
• Track business plan milestones JV updates debt/refi activity and sale readiness

Roll-Forward (Re-underwriting) Leadership

• Play a key operational and analytical role in the semiannual roll-forward process
• Help coordinate cross-team inputs manage timelines and ensure consistency of assumptions and outputs
• Contribute to iterative improvements that enhance efficiency comparability and insights each cycle

Fund Composition Reporting & Strategic Insights

• Support reporting on fund composition exposures asset concentration and relative risk/return
• Assist in preparing portfolio reviews and Partner updates with clear perspectives on performance risks and liquidity
• Help refine the PM frameworks tools and processes as the portfolio and team evolve

Qualifications

Experience & Background

• 24 years in consulting investment banking private equity or real estate investing
• Real estate experience preferred but not required
• Demonstrated ability to work independently and drive processes without a roadmap

Analytical & Technical Skills

• Strong financial and quantitative skills
• High proficiency in Excel; ability to build and iterate analytical tools and dashboards
• Programming/data analytics experience preferred but not required
• Comfort synthesizing large ambiguous data sets into clear insights

Attributes & Working Style

• Tenacious proactive high ownership mentality
• Structured thinker who can bring clarity to ambiguity
• Strong communicator able to distill analysis into crisp recommendations
• Effective collaborator across Investment Asset Management Finance and senior leadership

Compensation

Expected Base Salary Range: $125000 $150000

This is the expected base salary range for this position. Actual base salary will be determined by a wide range of factors including but not limited to role function level experience qualifications and geographic location.

Bain Capital is an equal opportunity employer. We are committed to equal employment opportunity regardless of race color ancestry religion sex national origin sexual orientation age citizenship marital status disability gender identity or Veteran status.