Associate

Location

Brookfield Place New York - 225 Liberty Street, Suite 4301

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.

BGRE creates the premier offices the world’s most ambitious businesses thrive in – shaped by the spirit of hospitality, operating expertise, and tenant experience needed to compete at the front.

We are seeking an Associate to join BGRE in New York, NY. In this role, you will play a key role in inspiring change and continual improvement. If you are committed to excellence and ready to contribute to a dynamic culture, we would love to meet you.

Role & Responsibilities

• Direct Ownership of Regional Asset Valuations
• Responsible for gathering data and preparing quarterly forecasting and annual budget valuations for the portfolio including, but not limited to:
• Liaise with Accounting, Operations and Construction departments to ensure the rent rolls, recovery calculations, forecasted new leasing, projections, allowances, inducements, capital expenses and operating budgets are reconciled to ensure accuracy and completeness of Financial Models and Valuations.
• Reconcile Yardi ABF to Argus Enterprise models.
• Ensure investment metrics used in all financial modelling are soundly supported by market and qualitative asset analysis.
• Continually analyze Asset cash flows for reasonableness and discuss areas of concerns with VP and SVP.
• Engage and direct third-party firms in the preparation of independent valuations for IFRS comparison.
• Confidently prepare timely quarterly IFRS presentation material, including contextual commentary and variance explanations.
• Responsible for gathering data and preparing desktop valuations and underwriting analyses for various Strategic Initiatives which may impact the region, including acquisitions, dispositions, financings, redevelopments and new developments using ARGUS and MS Excel.
• Consolidate individual asset valuations into portfolio scenarios in order to facilitate portfolio-level valuation analyses, including embedded optionality to evaluate partial portfolio dispositions and acquisition investment returns.
• Assist in analyzing and implementing leasing strategies, including providing timely and accurate NER and valuation analyses of major lease transactions as well as stewarding financial covenant reviews of proposed tenancies.
• Analyze redevelopment and value-add opportunities within the existing Houston portfolio.
• Assist and coordinate the preparation of quarterly Houston Board of Directors and Houston Fund reporting.
• Quickly respond to ad hoc information requests from Fund Partners.
• Business Planning, Audit and Compliance
• Thorough completion of all tasks related to the annual Business Plans, including coordinating and collaborating with respect to the generation of: specific leasing assumptions and inflation curves, operating and capital budgets, modelled recovery profiles and individual asset strategies.
• Completion of final Business Plan deliverables.
• Maintain detailed interim and year-end supporting schedules.

At BGRE, your career progression is important to us. As a successful employee, you will have the opportunity to grow within your team, department, and across the Brookfield organization. Our leadership teams are dedicated to the accomplishments of their employees. We also invest time into training and developing our people.

End your job search and find your career today, at BGRE.

We imagine, create, and operate on a foundation of values to build a better world, together. BGRE strives to create spaces where going to work never feels routine. As a BGRE employee, you will enjoy many benefits such as 401K matching, tuition reimbursement, summer Fridays, paid maternity leave and more. There is also a generous employee referral program because we want our existing team members to help us build a more diverse workplace through their networks.

Compensation & Benefits:

Salary Type: Exempt

Pay Frequency: Bi-weekly

Annual Base Salary Range: 170,000

Medical & Pharmacy Coverage: Yes, under Brookfield Medical Plan

Dental Coverage: Yes, under Brookfield Medical Plan

Vision Coverage: Yes, under Brookfield Medical Plan

Retirement: 401(k)

Insurance: Employer-paid life & short/long term disability

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. We do not tolerate workplace discrimination, violence or harassment. We are proud to be an Equal Opportunity Employer and make employment decisions based on qualifications, merit and business needs, without regard to any characteristic protected by applicable law. Applicant information is collected and handled in accordance with our Applicant Privacy Notice.