Real Estate Asset Management Associate Lionstone Investments
Ameriprise Financial, Inc.
Location: Houston, Texas
Type: Full Time
Internal Number: 19577320
Support and perform analysis and be directly responsible for the daily operations and client deliverables for assigned assets. Play a role in development and executing on property specific strategies, evaluating operational performance against relevant industry benchmarks and historical trends, analyzing capital investment decisions and how they impact value, and facilitating preparation of required reporting deliverables.
Support Regional Head of Asset Management to implement broad ranging platform initiatives. Develop property-level operational strategies and analyze performance, capital projects, and other relevant investor factors impacting asset value.
Coordinate development of annual business plans and quarterly asset reports by assisting in the preparation/review of property operating and capital budgets. Review lease submittal packages via VTS, evaluate prospective tenant businesses and credit worthiness, and perform lease financial analysis.
Assist in disposition process, hold/sale recommendations to Investment Committee, selection of Investment Sales brokers, coordination with property management / operating partners, and closing. Collect, analyze, and synthesize relevant market reports, lease data, and transaction details for related assets.
Communicate with third-party property management and leasing personnel as well as appraisers, brokers, insurance and real estate tax consultants, and other third party providers as needed.
Perform detailed quarterly financial statement analysis, review of rent rolls, current and future cash flow and forecasting both present value and cash flows. Ownership of investment models, updating returns and variance to budget analysis, distributions, fees, and promotes. Prepare financial analysis to track historical property level results in comparison to industry benchmarks.
Support acquisition process by participating in asset management due diligence including leasing reviews, proforma analysis, market and competitive position review, engineering and environmental capital, service contract review. Assist with the selection of property management/leasing teams and assist with the property transition process by working with internal departments.
Help facilitate lender compliance with asset specific requirements such as obtaining approvals for lease agreements or significant capital expenditures and coordinating escrow draws. Assist on the origination of new debt and refinancing activity. Coordinate third-party appraisals and be responsible for quarterly internal property valuations.
Assist with presentations and analysis for Investment Committee, Lionstone Senior Management and/or Columbia Threadneedle Investments Senior Management.
Bachelors degree or equivalent
5 to 7 years of experience
3 years of analytical and modeling experience.
Masters degree or equivalent
5-7 years of direct real estate experience and understanding of private equity, investment risk and capital market
Advanced Excel capabilities.
Strong written and verbal communication skills.
Unquestioned integrity and the highest ethical standards.
Commitment to excellence.
Ability to prioritize and multi-task.
A team orientation and collegiate mentality.
About Our Company
Millions of people around the world rely on Columbia Threadneedle Investments to manage their money. We're intentionally built to help our clients succeed, backed by a global team of 2,000 people including more than 450 investment professionals sharing global perspectives across all major asset classes and markets. At Columbia Threadneedle, you'll find the promise we make to our clients is the same one we make to our employees: Your success is our priority. In addition to our competitive total rewards package, employees stay with us because of our culture and commitment to their development. And, backed by the strength of our parent company, Ameriprise Financial, we are committed to providing you with the tools, resources, recognition and rewards to help you shape the career you want.
Ameriprise Financial is an equal opportunity employer. We consider all qualified applicants without regard to race, color, religion, sex, national origin, genetic information, age, sexual orientation, citizenship, gender identity, disability, veteran status, marital status, family status or any other basis prohibited by law.