Location: New York,NY, USA
Location
Brookfield Place New York - 250 Vesey Street, 15th Floor
Business
We know that a one-size-fits-all approach doesn't work when it comes to residential living. That's why, at Brookfield Properties, our portfolio features a wide range of options for any stage of life. And though our properties may be diverse, one thing is universal: all offer the unparalleled quality, service, and support our residents deserve.
If you're ready to be a part of our team, we encourage you to apply.
Job Description
We are seeking an Associate to join the Brookfield Properties' Housing team, based in NYC. This is an opportunity to join an experienced team responsible for one of Brookfield's largest real estate sector portfolios. Our global housing portfolio also contains premier assets in North America, Europe, the UK, and Brazil.
This team seeks to maximize asset value in each of our assets through leasing, redevelopment of existing multifamily or in some cases through the addition of mixed-use components. They are principally responsible for overseeing the work of real estate managers and operating teams in the execution of portfolio company business plans. Strategic decision-making - such as financing, capital investments, development / redevelopment, hold-sell, key leasing decisions, etc. - are the purview of portfolio managers. Collaboration with leasing, development, finance, tax, compliance, legal etc. is required to monitor our investments and ensure our business plan and strategy objectives are being met.
The new Associate will support our team on the North American Housing business in the role described below.
Key Accountabilities
+ Participate in the oversight of strategic business plan execution for BPG's multifamily investments in the US
+ Ongoing and ad-hoc financial analysis in support of making value maximizing capital decisions across the multifamily portfolio (i.e. capital, development, redevelopment, leasing, hold-sell, financing)
+ Liaise with real estate management and operating teams to monitor our investments and ensure strategic goals are being met; these include asset management, leasing, development, finance, tax, compliance, legal and business operations (ESG, innovation, health & safety and security)
+ Create, maintain and improve highly functional and detailed investment models and valuation models
+ Think strategically about investment performances, including monitoring, updating, and explaining asset performances. Respond to emerging trends in operating results and identify opportunities for value-add opportunities
+ Lead necessary research to support business plans and decision making
+ Oversee, guide and support the approval of annual business planning and quarterly business updates created by portfolio company management
+ Prepare presentation materials for senior management on various topics including investment committee memos and performance
+ Work closely with junior and senior team members, senior management, Brookfield affiliates and investors
Candidate Profile
+ Bachelor's degree in finance, business, real estate or related area
+ 3-6 years of experience in investment banking, M&A, real estate investing, and/or private equity
+ Exceptional analytical, financial modeling and valuation skills
+ Attention to detail and ability to learn quickly
+ Excellent interpersonal and communication skills
+ Self-directed and motivated with ability to work independently and as part of a team
+ Reliable, diligent, and hard working with capability to thrive in a high-energy, fast-moving environment
+ Proficiency in full suite of Microsoft Office products (Excel, PowerPoint, and Word)
+ Strong knowledge of capital markets and real estate; experience with multifamily preferred but not required
+ Leadership capabilities and a business mindset
+ Unquestionable ethics and integrity
Salary Range: $150,000 - $170,000
Our compensation structure is comprised of a base salary and a short-term incentive program (cash bonus). Cash compensation tends to vary based on geography to account for local market conditions and is set to be market competitive. Compensation decisions are based on a number of factors including relative experience, overall years of experience, industry experience, education and designations.
We are proud to create a diverse environment and are proud to be an equal opportunity employer. We are grateful for your interest in this position, however, only candidates selected for pre-screening will be contacted.
#BPMF
At Brookfield Properties, our success starts with our people. People like you. We develop, operate, and manage more than 1100 properties and 390 million square feet of real estate across the globe. It's a feat that wouldn't be possible without our team, a diverse group of creative visionaries and innovative experts who are relentless in pursuit of one goal: to ensure our buildings don't simply meet the needs of our tenants, residents, and communities - but exceed them, every day.