Associate, Commercial Asset Management- CBRE Investment Management
CBRE
Associate, Commercial Asset Management- CBRE Investment Management
Job ID
216570
Posted
09-May-2025
Service line
REI Segment
Role type
Full-time
Areas of Interest
Investment Management
Location(s)
Dallas - Texas - United States of America
CBRE Investment Management is seeking an Associate to join our South region Commercial asset management team based in Dallas. As an Asset Management Associate, you will work with the South Regional Asset Manager and Analyst, with properties across various risk profiles, including Core, Core-Plus, Value-Add, and Development.
This Associate will be integral to the continued operations of CBRE IM’s South region by maximizing asset value through optimizing occupancy, maximizing revenue, reducing expenses, managing capital and other value-add initiatives.
What you’ll do
+ Budgets, Business Plans and Reporting: Create annual budgets and business plans for the properties in accordance with different portfolio strategies (three CBRE IM funds and various separate accounts). In conjunction with property management, accounting and analysts, responsible for financial reporting, re-forecasts, and variance analysis on ad hoc, monthly, quarterly and annual basis. Review of annual operating expense reconciliations.
+ Leasing: Lead marketing and leasing strategies by ensuring vacancies are “move-in” ready condition and working with third party brokerage partners by responding to LOIs and negotiating new leases and renewals.
+ Third Party Oversight: Oversee third party property management, project management and tax consultants, including the review of operating expenses and completing capital expenditure plans.
+ Valuation, Deployment, Disposition and Financing Collaboration:
+ Valuations: Collaborate with Portfolio Management on valuations using income, sales comparison, and replacement cost approaches. Assist in the review of quarterly appraisals and provide feedback to portfolio management.
+ Deployment: Collaborate with the transactions team on new acquisitions and developments to ensure underwriting is consistent with market conditions.
+ Dispositions: Analyzing BOVs, running hold-sell analysis, and gathering due-diligence information. Assist with Investment Committee disposition presentations.
+ Financing: Collaborate with internal capital markets team and assisting with data requests.
+ Financial modeling: Build, audit, maintain, and own financial models (in ARGUS and Excel) for lease analysis, valuations and hold/sell analysis across all assigned assets.
What you’ll need
+ Undergraduate degree in real estate, accounting, finance, economics, or related field preferred.
+ Minimum of 6 years of related experience in financial analysis/real estate asset management.
+ Highly proficient in ARGUS Enterprise and MS Office Suite (Excel, PowerPoint, and Word). Coding skills in Python, SQL, C++, or comparable languages are a plus, however not required.
+ Strong analytical and problem-solving skills with phenomenal attention to detail.
+ Ability to create, complete and audit complex financial models.
+ Excellent verbal and written communication skills to effectively present information.
+ Ability to participate and/or lead assignments with other team members.
+ Comprehend, analyze, interpret, and create real estate documents including, but not limited to LOIs and leases.
+ Strong knowledge of asset and property management, leasing, brokerage, marketing, financial reporting and financial concepts such as net present values and internal rates of return.
+ Present information effectively to other employees, senior management, and client groups in private and public settings.
+ Travel 35% of the time, including overnight.
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**Equal Employment Opportunity:** CBRE has a long-standing commitment to providing equal employment opportunity to all qualified applicants regardless of race, color, religion, national origin, sex, sexual orientation, gender identity, pregnancy, age, citizenship, marital status, disability, veteran status, political belief, or any other basis protected by applicable law.
**Candidate Accommodations:** CBRE values the differences of all current and prospective employees and recognizes how every employee contributes to our company’s success. CBRE provides reasonable accommodations in job application procedures for individuals with disabilities. If you require assistance due to a disability in the application or recruitment process, please submit a request via email at recruitingaccommodations@cbre.com or via telephone at +1 866 225 3099 (U.S.) and +1 866 388 4346 (Canada).
CBRE, Inc. is an Equal Opportunity and Affirmative Action Employer (Women/Minorities/Persons with Disabilities/US Veterans)
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