Brookfield Properties
Vice President, Asset Management
Brookfield Properties, Chicago, Illinois, United States, 60290
Location
Brookfield Chicago - 350 N Orleans Street, Suite 300
Business
For many, logistics are about order, organization, and orchestration. But at Brookfield Properties, we believe they can be so much more. It’s why our logistics solutions are imaginative. Ingenious. Inspiring. No matter the challenge, we deliver a fresh, personalized approach for our customers that never compromises on quality, efficiency, or security. Because where others see obstacles, we see opportunities.
If you're ready to be a part of our team, we encourage you to apply.
Job Description
About the Company
Brookfield Asset Management is an alternative asset manager with over $925 billion in assets under management and a 100-year heritage. Brookfield Properties is a fully integrated services company, providing development, construction, renovation, and property management services. Together as owners and operators, the Company (“Brookfield”) is invested in long-life, high-quality assets and businesses in more than 30 countries around the world and over five continents.
Brookfield’s global real estate portfolio includes office, retail, multifamily, logistics, hospitality, self-storage, triple net leased assets, manufactured housing, and student housing assets on five continents. As the dedicated management arm of Brookfield, Brookfield Properties is the world’s largest property manager and a leader in servicing its customers with 240,000 operating employees in businesses around the world. The firm is at the forefront in seeking to provide innovative space solutions and services unique to Brookfield. They seek to disrupt the status quo, not to be disrupted.
The firm has a well-defined growth plan for its industrial business over the next five years, with the goal of developing and/or acquiring +/-10 million square feet in the United States annually.
With an array of capital sources, Brookfield is well situated to execute a strong growth plan. Innovation is a central theme of the strategic plan and Brookfield believes that logistics will be transformed globally over the next cycle, tied to an array of innovations from autonomous vehicles to the clean energy transition. Brookfield is positioned to leverage its corporate knowledge globally, by accessing the experiences of their diverse investment acumen from infrastructure to renewable energy while being a true leader in innovative industrial product.
Current logistics portfolio consists of approximately 38 million square feet, spread across coastal and super regional markets in the U.S. Brookfield’s strategic plan envisions $1 billion per year of new acquisitions and $1 billion or more per year in organic development starts.
Brookfield Asset Management is an alternative asset manager with over $900 billion in assets under management and a 100-year heritage. Brookfield is a fully integrated services company, providing development, construction, renovation, asset, and property management services. As owners and operators, the Company is invested in long-life, high-quality assets and businesses in more than 30 countries around the world.
The Role
Brookfield Properties is seeking a Vice President of Asset Management for Midwest markets including but not limited to Chicago, Cleveland, Indianapolis, Columbus, Cincinnati, and Memphis based in Chicago, IL, and will report directly to Ryan Soule, Vice President, Asset Management – Central Region. The position requires a high degree of energy, enthusiasm, real estate knowledge, and professionalism. Experience in industrial asset management is required of the position; including but not limited to active asset management, lease negotiation and underwriting, oversight of tenant improvements, hold/sell analysis and execution of dispositions, portfolio valuation/reforecasting, assisting in the underwriting of potential acquisitions and developments, in addition to other responsibilities outlined below. Given the geographic profile of the Midwest Region, the position requires regular travel to the coverage markets as well as to conferences and team events.
Primary Responsibilities:
Create value through active asset management and relationship development efforts for the Midwest Region
Select, manage and motivate landlord leasing agents for all assets
Direct leasing process including underwriting and analysis, negotiation, review and approval of lease documents and Tenant financial statements
Proactively address issues of tenant credit and surety, bankruptcies and ensure successful collection of past due receivables
Utilize VTS Leasing/Portfolio Management Software to stay current with:
Pipeline of leasing prospects
Status of lease expirations
Condition/marketability of all vacant and expiring suitesCultivate and maintain positive direct and indirect (via 3rd party property management) tenant relations
Oversee property management function including facility management and brand standard enforcement
Direct tenant improvements and other capital projects via internal Capital Projects resources and/or third-party property management
Work with Financial Planning and Analysis Team on:
Creation, delivery, and monitoring of periodic income reforecasts and performance against Business Plan
Reviewing cash flow projections for return analyses, adequate loan coverage, capital improvement projects, and distributions to ownership
Coordinate with Logistics senior management and Brookfield fund management to identify, recommend, and execute dispositions of individual assets and sub-portfolios in the Midwest Region
Review and analyze timing for dispositions; perform hold/sell analyses; complete the asset/portfolio disposition process
Secondary Responsibilities:
Operate as a player-coach to develop junior team members skillsets within the Midwest and broader Central Region
Cultivate and maintain a network of relationships with industrial brokers in Midwest markets
Communicate and coordinate information requests with Brookfield fund ownership and Logistics management
Work with Lease Administration, Operations and Legal to ensure compliance with governance issues as documents are executed
Support, review, and provide recommendations on External and Internal Portfolio valuations
Support Brookfield Capital Markets team as needed to successfully complete development or construction financing as well as other portfolio financing efforts
Deliver periodic quantitative and qualitative reporting to senior management
Assist acquisition/development pursuits by providing feedback around positioning of potential acquisitions, providing live market leasing assumptions and construction pricing guidance
Advance operational initiatives at property level: ESG, Health and Safety, Security, Branding
Other customary duties as needed
Skills and Qualifications:
Undergraduate degree in Real Estate, Finance or Business; MBA in Real Estate and/or Finance preferred
Seven to ten years of work experience in commercial real estate and investment analysis
Broad network, and experience in Midwest markets including Chicago strongly preferred
Effective communication and presentation skills
Ability to work under pressure and meet deadlines
Ability to effectively manage multiple projects simultaneously with minimal supervision
Strong analytical skills
Effective problem-solving skills
Strong relationship building skills
Proficiency in applicable software including Argus, Yardi, and Microsoft Office. VTS a plus
Compensation & Benefits:
Salary Type: Exempt
Pay Frequency: Bi-weekly
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
We are proud to create a diverse environment and are proud to be an equal opportunity employer. We are grateful for your interest in this position, however, only candidates selected for pre-screening will be contacted.
#BPUS#J-18808-Ljbffr
Brookfield Chicago - 350 N Orleans Street, Suite 300
Business
For many, logistics are about order, organization, and orchestration. But at Brookfield Properties, we believe they can be so much more. It’s why our logistics solutions are imaginative. Ingenious. Inspiring. No matter the challenge, we deliver a fresh, personalized approach for our customers that never compromises on quality, efficiency, or security. Because where others see obstacles, we see opportunities.
If you're ready to be a part of our team, we encourage you to apply.
Job Description
About the Company
Brookfield Asset Management is an alternative asset manager with over $925 billion in assets under management and a 100-year heritage. Brookfield Properties is a fully integrated services company, providing development, construction, renovation, and property management services. Together as owners and operators, the Company (“Brookfield”) is invested in long-life, high-quality assets and businesses in more than 30 countries around the world and over five continents.
Brookfield’s global real estate portfolio includes office, retail, multifamily, logistics, hospitality, self-storage, triple net leased assets, manufactured housing, and student housing assets on five continents. As the dedicated management arm of Brookfield, Brookfield Properties is the world’s largest property manager and a leader in servicing its customers with 240,000 operating employees in businesses around the world. The firm is at the forefront in seeking to provide innovative space solutions and services unique to Brookfield. They seek to disrupt the status quo, not to be disrupted.
The firm has a well-defined growth plan for its industrial business over the next five years, with the goal of developing and/or acquiring +/-10 million square feet in the United States annually.
With an array of capital sources, Brookfield is well situated to execute a strong growth plan. Innovation is a central theme of the strategic plan and Brookfield believes that logistics will be transformed globally over the next cycle, tied to an array of innovations from autonomous vehicles to the clean energy transition. Brookfield is positioned to leverage its corporate knowledge globally, by accessing the experiences of their diverse investment acumen from infrastructure to renewable energy while being a true leader in innovative industrial product.
Current logistics portfolio consists of approximately 38 million square feet, spread across coastal and super regional markets in the U.S. Brookfield’s strategic plan envisions $1 billion per year of new acquisitions and $1 billion or more per year in organic development starts.
Brookfield Asset Management is an alternative asset manager with over $900 billion in assets under management and a 100-year heritage. Brookfield is a fully integrated services company, providing development, construction, renovation, asset, and property management services. As owners and operators, the Company is invested in long-life, high-quality assets and businesses in more than 30 countries around the world.
The Role
Brookfield Properties is seeking a Vice President of Asset Management for Midwest markets including but not limited to Chicago, Cleveland, Indianapolis, Columbus, Cincinnati, and Memphis based in Chicago, IL, and will report directly to Ryan Soule, Vice President, Asset Management – Central Region. The position requires a high degree of energy, enthusiasm, real estate knowledge, and professionalism. Experience in industrial asset management is required of the position; including but not limited to active asset management, lease negotiation and underwriting, oversight of tenant improvements, hold/sell analysis and execution of dispositions, portfolio valuation/reforecasting, assisting in the underwriting of potential acquisitions and developments, in addition to other responsibilities outlined below. Given the geographic profile of the Midwest Region, the position requires regular travel to the coverage markets as well as to conferences and team events.
Primary Responsibilities:
Create value through active asset management and relationship development efforts for the Midwest Region
Select, manage and motivate landlord leasing agents for all assets
Direct leasing process including underwriting and analysis, negotiation, review and approval of lease documents and Tenant financial statements
Proactively address issues of tenant credit and surety, bankruptcies and ensure successful collection of past due receivables
Utilize VTS Leasing/Portfolio Management Software to stay current with:
Pipeline of leasing prospects
Status of lease expirations
Condition/marketability of all vacant and expiring suitesCultivate and maintain positive direct and indirect (via 3rd party property management) tenant relations
Oversee property management function including facility management and brand standard enforcement
Direct tenant improvements and other capital projects via internal Capital Projects resources and/or third-party property management
Work with Financial Planning and Analysis Team on:
Creation, delivery, and monitoring of periodic income reforecasts and performance against Business Plan
Reviewing cash flow projections for return analyses, adequate loan coverage, capital improvement projects, and distributions to ownership
Coordinate with Logistics senior management and Brookfield fund management to identify, recommend, and execute dispositions of individual assets and sub-portfolios in the Midwest Region
Review and analyze timing for dispositions; perform hold/sell analyses; complete the asset/portfolio disposition process
Secondary Responsibilities:
Operate as a player-coach to develop junior team members skillsets within the Midwest and broader Central Region
Cultivate and maintain a network of relationships with industrial brokers in Midwest markets
Communicate and coordinate information requests with Brookfield fund ownership and Logistics management
Work with Lease Administration, Operations and Legal to ensure compliance with governance issues as documents are executed
Support, review, and provide recommendations on External and Internal Portfolio valuations
Support Brookfield Capital Markets team as needed to successfully complete development or construction financing as well as other portfolio financing efforts
Deliver periodic quantitative and qualitative reporting to senior management
Assist acquisition/development pursuits by providing feedback around positioning of potential acquisitions, providing live market leasing assumptions and construction pricing guidance
Advance operational initiatives at property level: ESG, Health and Safety, Security, Branding
Other customary duties as needed
Skills and Qualifications:
Undergraduate degree in Real Estate, Finance or Business; MBA in Real Estate and/or Finance preferred
Seven to ten years of work experience in commercial real estate and investment analysis
Broad network, and experience in Midwest markets including Chicago strongly preferred
Effective communication and presentation skills
Ability to work under pressure and meet deadlines
Ability to effectively manage multiple projects simultaneously with minimal supervision
Strong analytical skills
Effective problem-solving skills
Strong relationship building skills
Proficiency in applicable software including Argus, Yardi, and Microsoft Office. VTS a plus
Compensation & Benefits:
Salary Type: Exempt
Pay Frequency: Bi-weekly
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
We are proud to create a diverse environment and are proud to be an equal opportunity employer. We are grateful for your interest in this position, however, only candidates selected for pre-screening will be contacted.
#BPUS#J-18808-Ljbffr