Associate, Acquisitions and Portfolio Management
LaSalle Investment Management, Chicago, Illinois, United States, 60290
Overview
LaSalle Global Solutions (LGS) has an opportunity for a Portfolio and Acquisitions Associate (P&A Associate) on a large global mandate. The team is tasked with deploying several $ billion in equity globally across primary and niche sectors, targeting core, value add and opportunistic real estate assets. Reporting to the Americas Transactions Manager, the P&A Associate will work closely with acquisitions and portfolio management on all activities related to the mandate strategy, including deploying capital, managing JV investments and helping to deliver consistently strong investment performance while managing risks for the portfolio.
Responsibilities
Investment Strategy and Performance: set and implement investment strategy for the portfolio consistent with mandate objectives regarding risk management, target returns, cash and debt management; deliver investment performance that exceeds client benchmarks; support all aspects of managing the portfolios to achieve target returns.
Acquisitions / Dispositions / Financing transactions: work with the team and Transactions Group on acquisitions, dispositions and financings; support underwriting select deals; shadow portfolio acquisitions leads on deals and participate in JV negotiations; present mandate investment parameters internally and externally to help drive deal flow; evaluate each transaction to determine impact on portfolio performance; create Investment Team and Investment Committee memos and usher transactions through approval processes.
Portfolio Strategic/Financial Plan: prepare cash flow forecasts addressing sources and amount of capital required for operations, new investments, NOI, capex, dispositions and distributions; ensure capital structures anticipate requirements and position accounts to leverage market opportunities; participate in portfolio modeling and coordinate with digital technology initiatives.
JV Relationship Management/Operations: manage JV partner relationships and major decisions; communicate regularly on strategic plan initiatives and budgets; conduct hold/sell analyses and recommend assets for disposition; take primary responsibility for quarterly valuations; support ESG activities and climate risk analyses; participate in Investment Team and Investment Committee discussions; review debt valuations and monitor covenant status.
Client Relations: participate in client and acquisitions pipeline calls; review and comment on client communications including quarterly reports, investor presentations, business plans and budgets; flexibility to work across time zones as workflow requires.
Qualifications/Experience
BA or BS degree
Minimum of 4 years of real estate experience, ideally in acquisitions or portfolio management
Strong financial modeling and analytical skills; proficient in Argus Enterprise and Excel
Good written and oral communication skills with clients, JV partners, brokers and colleagues
Strong interpersonal and managerial skills to collaborate across disciplines
What LaSalle Offers
Comprehensive benefits package designed to support well-being and work-life balance (eligibility applies)
Health benefits including medical, dental, vision, mental health support and ancillary plans
Generous paid time off and holidays; paid parental leave; short- and long-term disability; other care and wellness programs
Financial wellness through 401(k) with company match and flexible spending accounts or health savings account
Salary range: $110,000 – $120,000 depending on experience, location and market data; eligibility for annual discretionary bonus
US Jobs Only:
This position does not provide visa sponsorship. Candidates must be authorized to work in the United States without employer sponsorship.
Estimated compensation for this position:
110,000.00 – 120,000.00 USD per year
This range is an estimate and actual compensation may differ. Final compensation packages are determined by qualifications, location, market conditions and internal considerations.
Location:
On-site – Chicago, IL
Opening Type:
Replacement
At LaSalle, we harness the power of artificial intelligence (AI) to efficiently accelerate meaningful connections between candidates and opportunities. Using AI capabilities, we analyze your application for relevant skills and qualifications to generate insights about how your profile aligns with the role.
JLL Privacy Notice
Jones Lang LaSalle (JLL) is a leading global provider of real estate and investment management services. We protect personal information collected in our recruitment process and may share it as described in our Candidate Privacy Statement. For more information, see our career site pages and our Equal Employment Opportunity policy. This position may require vaccination against COVID-19 where permitted by law; proof may be requested at start date. JLL is an Equal Opportunity Employer and provides reasonable accommodations on request. See our Acknowledgments and Legal Notices for details.
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Responsibilities
Investment Strategy and Performance: set and implement investment strategy for the portfolio consistent with mandate objectives regarding risk management, target returns, cash and debt management; deliver investment performance that exceeds client benchmarks; support all aspects of managing the portfolios to achieve target returns.
Acquisitions / Dispositions / Financing transactions: work with the team and Transactions Group on acquisitions, dispositions and financings; support underwriting select deals; shadow portfolio acquisitions leads on deals and participate in JV negotiations; present mandate investment parameters internally and externally to help drive deal flow; evaluate each transaction to determine impact on portfolio performance; create Investment Team and Investment Committee memos and usher transactions through approval processes.
Portfolio Strategic/Financial Plan: prepare cash flow forecasts addressing sources and amount of capital required for operations, new investments, NOI, capex, dispositions and distributions; ensure capital structures anticipate requirements and position accounts to leverage market opportunities; participate in portfolio modeling and coordinate with digital technology initiatives.
JV Relationship Management/Operations: manage JV partner relationships and major decisions; communicate regularly on strategic plan initiatives and budgets; conduct hold/sell analyses and recommend assets for disposition; take primary responsibility for quarterly valuations; support ESG activities and climate risk analyses; participate in Investment Team and Investment Committee discussions; review debt valuations and monitor covenant status.
Client Relations: participate in client and acquisitions pipeline calls; review and comment on client communications including quarterly reports, investor presentations, business plans and budgets; flexibility to work across time zones as workflow requires.
Qualifications/Experience
BA or BS degree
Minimum of 4 years of real estate experience, ideally in acquisitions or portfolio management
Strong financial modeling and analytical skills; proficient in Argus Enterprise and Excel
Good written and oral communication skills with clients, JV partners, brokers and colleagues
Strong interpersonal and managerial skills to collaborate across disciplines
What LaSalle Offers
Comprehensive benefits package designed to support well-being and work-life balance (eligibility applies)
Health benefits including medical, dental, vision, mental health support and ancillary plans
Generous paid time off and holidays; paid parental leave; short- and long-term disability; other care and wellness programs
Financial wellness through 401(k) with company match and flexible spending accounts or health savings account
Salary range: $110,000 – $120,000 depending on experience, location and market data; eligibility for annual discretionary bonus
US Jobs Only:
This position does not provide visa sponsorship. Candidates must be authorized to work in the United States without employer sponsorship.
Estimated compensation for this position:
110,000.00 – 120,000.00 USD per year
This range is an estimate and actual compensation may differ. Final compensation packages are determined by qualifications, location, market conditions and internal considerations.
Location:
On-site – Chicago, IL
Opening Type:
Replacement
At LaSalle, we harness the power of artificial intelligence (AI) to efficiently accelerate meaningful connections between candidates and opportunities. Using AI capabilities, we analyze your application for relevant skills and qualifications to generate insights about how your profile aligns with the role.
JLL Privacy Notice
Jones Lang LaSalle (JLL) is a leading global provider of real estate and investment management services. We protect personal information collected in our recruitment process and may share it as described in our Candidate Privacy Statement. For more information, see our career site pages and our Equal Employment Opportunity policy. This position may require vaccination against COVID-19 where permitted by law; proof may be requested at start date. JLL is an Equal Opportunity Employer and provides reasonable accommodations on request. See our Acknowledgments and Legal Notices for details.
#J-18808-Ljbffr