Griffin Capital
Portfolio and Asset Management Analyst
Griffin Capital, El Segundo, California, United States, 90245
Job Type
Full-time
Description
About the Company
Griffin Capital Company is a leading full-service real estate investment and management company. We manage a diverse portfolio of institutional-quality assets across the United States. Our goal is to create reliable, thematic investment solutions to meet the needs of our investors and the communities in which we invest. Since 1995, Griffin Capital has owned, managed, sponsored and/or co-sponsored approximately $23 billion in assets across a wide range of real estate sectors and investment structures. The Griffin Capital Team has engaged in the development of approximately $4.3 billion of real estate with a specific focus on the multifamily sector where it has a development portfolio of more than 11,200 apartment units.
Position Summary
The Portfolio and Asset Management Analyst supports all efforts of the Real Estate department in managing risk across the various investment vehicles, developing investment strategies, constructing the various portfolios, monitoring ongoing asset-level and portfolio-level performance, investor and Executive Management reporting, and execution of the business plan for each asset as it relates to financing, recapitalization, and disposition. Position will also monitor existing assets both during construction and operationally, performing financial and trend analyses, conducting market research, and preparing key reports for both internal and external users.
Duties and Responsibilities
Assist in the preparation of quarterly Investor Reports and preparation of weekly, monthly, and quarterly Asset and Portfolio Management reports.Assist in the financing, hedging, recapitalization, and disposition of assets in the portfolio. Where applicable, assist in the buyout of joint venture development partners.Assist in the quarterly reforecasts, quarterly valuations and monthly operational updates.Prepare marketing materials for current investment offerings, sales presentations, and industry conferences.Perform cash flow modeling and update/reforecast pro forma models.Assist in the preparation of cash management models to ensure adequate cash reserves and suggest distribution amounts across all investment vehicles.Assist in the compilation of data and metrics required by the Sales Team as well as prepare monthly memo and participate in recurring sales calls.Coordinate with other departments and respond to any questions for property-level, market and submarket data and metrics to report to investors, lenders, partners, or others.Track key economic data as well as multifamily fundamentals at the national, market, and submarket level.Develop relationships with development partners, lenders, investment sales brokers, mortgage brokers, and others involved in the multifamily industry.Review loan documents, and complete loan abstracts, for loan management and compliance purposes.Assist VP of Asset Management on property-level analytics, budgeting, and trend analyses as necessary.Participate in weekly and monthly meetings related to ongoing construction progress and leasing/operational activity and assist in formulating key operational strategies for operational assets.Travel to respective markets to monitor construction, tour portfolio properties, monitor comp performance, and meet with key market participants such as Investment Sales brokers, Property Managers, Development Partners, and Lenders.Other responsibilities include performing complex financial and sensitivity analyses, conducting market research, ad-hoc analysis.Requirements
Qualifications and Skills Requirements
0-3 years of general industry experience in real estate brokerage, portfolio management, acquisitions, or asset management. Experience in multifamily sector preferred.Working knowledge and level of comfort working in and creating models.Ability to multitask and manage deadlines.Bachelor's degree in Finance, Real Estate, Economics or related field; or equivalent combination of education and experience.Understanding of fundamental real estate economics and finance principles, including basic real estate terms and concepts such as net leases, gross leases, contracts, rents, percentage rents, operating expenses, capital expenditures, expense recoveries, and general understanding of basic finance concepts such as NOI returns, cash flow returns, cap rates, internal rate of return, and present value/discounted cash flow.Intermediate skills in Excel and demonstrated competency with Microsoft Office, most importantly Word and PowerPoint.Benefits and Salary
Griffin Capital's salary ranges are determined by role, duration of direct experience, and internal and external pay equity considerations.
The base salary range for this exempt full-time position is $70,000-$100,000 + bonus eligibility + benefits.*At Griffin Capital, we strive to offer a comprehensive and competitive benefits package to our employees. To support the physical, financial, and emotional well-being of employees, we offer:
100% company paid individual Medical and Dental Insurance.100% company paid individual Life and Long- and Short-Term Disability Insurance.401(k) plan with up to 4% matching and full vesting.Paid time off (PTO) starting at 17 days per year, with increases after 2 years of service.A yearly Birthday Holiday and paid time off for community service.State of the art onsite gym.Company funded Lifestyle Spending Account.Access to other health and tax-advantaged benefits.
Availability of benefits may be subject to location & employment type and may have certain eligibility requirements. Griffin reserves the right to alter these benefits in whole or in part at any time without advance notice.
In addition to the above-listed benefits, the firm also offers hybrid work options specific to roles, an employee-led professional development program, and community involvement through its Griffin Care and Community Committee.
Equal Employment Opportunity at Griffin
We are an equal opportunity employer, and all qualified applicants will receive consideration for employment without regard to age (40 and over), ancestry, color, religious creed (including religious dress and grooming practices), family and medical care leave or the denial of family and medical care leave, mental or physical disability (including HIV and AIDS), marital status, domestic partner status, medical condition (including cancer and genetic characteristics), genetic information, military and veteran status, political affiliation, national origin (including language use restrictions), citizenship, race, sex (including pregnancy, childbirth, breastfeeding and medical conditions related to pregnancy, childbirth or breastfeeding), gender, gender identity, and gender expression, sexual orientation, or any other basis protected by applicable federal, state or local law, rule, ordinance or regulation.
We will consider qualified applicants with criminal histories in a manner consistent with the requirements of the Los Angeles Fair Chance Ordinance and the California Fair Chance Act and consistent with other similar and / or applicable laws in other areas.
We also afford equal employment opportunities to qualified individuals with a disability. For this reason, Griffin Capital will make reasonable accommodations for the known physical or mental limitations of an otherwise qualified individual with a disability who is an applicant consistent with its legal obligations and in accordance with applicable local, state and / or federal law. Any applicant who requires an accommodation in order to perform the essential functions of the job should contact a Human Resources Representative to request the opportunity to participate in a timely interactive process.
*Please note that the compensation information provided is a good faith estimate for this position only and is provided pursuant to the California Salary Transparency in Job Advertisements Law. It is estimated based on what a successful California applicant might be paid. It assumes that the successful candidate will be in California or perform the position from California. Similar positions located outside of California will not necessarily receive the same compensation. Griffin Capital takes into consideration a candidate's education, training, and experience, as well as the position's work location, expected quality and quantity of work, required travel (if any), external market and internal value, including seniority and merit systems, and internal pay alignment when determining the salary level for potential new employees. In compliance with the California Law, a potential new employee's salary history will not be used in compensation decisions.
Salary Description
$70,000 - $100,000
Full-time
Description
About the Company
Griffin Capital Company is a leading full-service real estate investment and management company. We manage a diverse portfolio of institutional-quality assets across the United States. Our goal is to create reliable, thematic investment solutions to meet the needs of our investors and the communities in which we invest. Since 1995, Griffin Capital has owned, managed, sponsored and/or co-sponsored approximately $23 billion in assets across a wide range of real estate sectors and investment structures. The Griffin Capital Team has engaged in the development of approximately $4.3 billion of real estate with a specific focus on the multifamily sector where it has a development portfolio of more than 11,200 apartment units.
Position Summary
The Portfolio and Asset Management Analyst supports all efforts of the Real Estate department in managing risk across the various investment vehicles, developing investment strategies, constructing the various portfolios, monitoring ongoing asset-level and portfolio-level performance, investor and Executive Management reporting, and execution of the business plan for each asset as it relates to financing, recapitalization, and disposition. Position will also monitor existing assets both during construction and operationally, performing financial and trend analyses, conducting market research, and preparing key reports for both internal and external users.
Duties and Responsibilities
Assist in the preparation of quarterly Investor Reports and preparation of weekly, monthly, and quarterly Asset and Portfolio Management reports.Assist in the financing, hedging, recapitalization, and disposition of assets in the portfolio. Where applicable, assist in the buyout of joint venture development partners.Assist in the quarterly reforecasts, quarterly valuations and monthly operational updates.Prepare marketing materials for current investment offerings, sales presentations, and industry conferences.Perform cash flow modeling and update/reforecast pro forma models.Assist in the preparation of cash management models to ensure adequate cash reserves and suggest distribution amounts across all investment vehicles.Assist in the compilation of data and metrics required by the Sales Team as well as prepare monthly memo and participate in recurring sales calls.Coordinate with other departments and respond to any questions for property-level, market and submarket data and metrics to report to investors, lenders, partners, or others.Track key economic data as well as multifamily fundamentals at the national, market, and submarket level.Develop relationships with development partners, lenders, investment sales brokers, mortgage brokers, and others involved in the multifamily industry.Review loan documents, and complete loan abstracts, for loan management and compliance purposes.Assist VP of Asset Management on property-level analytics, budgeting, and trend analyses as necessary.Participate in weekly and monthly meetings related to ongoing construction progress and leasing/operational activity and assist in formulating key operational strategies for operational assets.Travel to respective markets to monitor construction, tour portfolio properties, monitor comp performance, and meet with key market participants such as Investment Sales brokers, Property Managers, Development Partners, and Lenders.Other responsibilities include performing complex financial and sensitivity analyses, conducting market research, ad-hoc analysis.Requirements
Qualifications and Skills Requirements
0-3 years of general industry experience in real estate brokerage, portfolio management, acquisitions, or asset management. Experience in multifamily sector preferred.Working knowledge and level of comfort working in and creating models.Ability to multitask and manage deadlines.Bachelor's degree in Finance, Real Estate, Economics or related field; or equivalent combination of education and experience.Understanding of fundamental real estate economics and finance principles, including basic real estate terms and concepts such as net leases, gross leases, contracts, rents, percentage rents, operating expenses, capital expenditures, expense recoveries, and general understanding of basic finance concepts such as NOI returns, cash flow returns, cap rates, internal rate of return, and present value/discounted cash flow.Intermediate skills in Excel and demonstrated competency with Microsoft Office, most importantly Word and PowerPoint.Benefits and Salary
Griffin Capital's salary ranges are determined by role, duration of direct experience, and internal and external pay equity considerations.
The base salary range for this exempt full-time position is $70,000-$100,000 + bonus eligibility + benefits.*At Griffin Capital, we strive to offer a comprehensive and competitive benefits package to our employees. To support the physical, financial, and emotional well-being of employees, we offer:
100% company paid individual Medical and Dental Insurance.100% company paid individual Life and Long- and Short-Term Disability Insurance.401(k) plan with up to 4% matching and full vesting.Paid time off (PTO) starting at 17 days per year, with increases after 2 years of service.A yearly Birthday Holiday and paid time off for community service.State of the art onsite gym.Company funded Lifestyle Spending Account.Access to other health and tax-advantaged benefits.
Availability of benefits may be subject to location & employment type and may have certain eligibility requirements. Griffin reserves the right to alter these benefits in whole or in part at any time without advance notice.
In addition to the above-listed benefits, the firm also offers hybrid work options specific to roles, an employee-led professional development program, and community involvement through its Griffin Care and Community Committee.
Equal Employment Opportunity at Griffin
We are an equal opportunity employer, and all qualified applicants will receive consideration for employment without regard to age (40 and over), ancestry, color, religious creed (including religious dress and grooming practices), family and medical care leave or the denial of family and medical care leave, mental or physical disability (including HIV and AIDS), marital status, domestic partner status, medical condition (including cancer and genetic characteristics), genetic information, military and veteran status, political affiliation, national origin (including language use restrictions), citizenship, race, sex (including pregnancy, childbirth, breastfeeding and medical conditions related to pregnancy, childbirth or breastfeeding), gender, gender identity, and gender expression, sexual orientation, or any other basis protected by applicable federal, state or local law, rule, ordinance or regulation.
We will consider qualified applicants with criminal histories in a manner consistent with the requirements of the Los Angeles Fair Chance Ordinance and the California Fair Chance Act and consistent with other similar and / or applicable laws in other areas.
We also afford equal employment opportunities to qualified individuals with a disability. For this reason, Griffin Capital will make reasonable accommodations for the known physical or mental limitations of an otherwise qualified individual with a disability who is an applicant consistent with its legal obligations and in accordance with applicable local, state and / or federal law. Any applicant who requires an accommodation in order to perform the essential functions of the job should contact a Human Resources Representative to request the opportunity to participate in a timely interactive process.
*Please note that the compensation information provided is a good faith estimate for this position only and is provided pursuant to the California Salary Transparency in Job Advertisements Law. It is estimated based on what a successful California applicant might be paid. It assumes that the successful candidate will be in California or perform the position from California. Similar positions located outside of California will not necessarily receive the same compensation. Griffin Capital takes into consideration a candidate's education, training, and experience, as well as the position's work location, expected quality and quantity of work, required travel (if any), external market and internal value, including seniority and merit systems, and internal pay alignment when determining the salary level for potential new employees. In compliance with the California Law, a potential new employee's salary history will not be used in compensation decisions.
Salary Description
$70,000 - $100,000