Associate, Asset Management

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 coast-to-coast, 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 portfolio-wide 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

• Bachelor's 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
• 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
• Keen attention to detail; ability to run zero-defect 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 high-performing 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: $110,000 - $130,000 per year + bonus + long term incentive + benefits

The above represents the expected salary range for this job requisition. Ultimately, in determining pay, we'll consider location, experience, and other job-related 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 well-being. BioMed Realty continually seeks to provide a workplace where everyone can be their authentic self. Through BioMed Realty's competitive benefits offerings and various training and development opportunities, we have you covered with our Benefits Program which includes:

• Employer-Paid 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% Employer-Paid 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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