Associate – Asset Management - Housing

Location

Brookfield Place New York - 250 Vesey Street, 15th Floor

Business - Real Estate

Brookfield Real Estate Group is one of Brookfield’s primary operating groups. The Real Estate Group is one of the world's largest investors in real estate, with a global portfolio that includes office, retail, multifamily, logistics, hospitality and alternative real estate assets on five continents. The Group owns and operates approximately $268 billion of assets representing the most iconic properties in the world’s most dynamic markets. We seek to generate value by leveraging our operating expertise and focusing on our core real estate capabilities of leasing, financing, development, design and construction as well as property and facilities management. For more information, visit https://www.brookfield.com/our-businesses/real-estate.

Brookfield Culture

Brookfield has a unique and dynamic culture.  We seek team members who have a long-term focus and whose values align with our Attributes of a Brookfield Leader:  Entrepreneurial, Collaborative and Disciplined.  Brookfield is committed to the development of our people through challenging work assignments and exposure to diverse businesses.

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

• 2-4 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.

Brookfield is committed to maintaining a Positive Work Environment that is safe and respectful; our shared success depends on it.  Accordingly, we do not tolerate workplace discrimination, violence or harassment.

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.