Associate – Transactions Full Time

Clarion Partners has been a leading real estate investment manager for over 40 years. Headquartered in New York, the firm maintains strategically located offices across the United States and Europe. Clarion Partners offers a broad range of real estate strategies across the risk/return spectrum to approximately 500 institutional investors across the globe. Clarion Partners operates independently as a Specialist Investment Manager owned by Franklin Templeton (FT), a diversified firm that spans asset management, wealth management, and fintech, giving us many ways to help investors make progress toward their goals.

Responsibilities:

• Assembling and modifying discounted cash flow projection models with respect to an investment, utilizing both Excel and Argus
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• ll due diligence relating to new investments including but not limited to the review of third party environmental and engineering reports, title, survey, historical financial statements, leases, and market research
• Assembling and drafting investment memos to be presented to Clarion Partners and client investment committees
• Monitor and analyze the financial performance of properties and portfolios
• Create/maintain portfolio models
• Assist with financing and disposition transactions
• Assist with preparation and review of portfolio level and client reports
• Prepare ad-hoc reports when needed
• Assist with special projects as needed
• Projections: Assemble and modify cash flow projection models with respect to an investment, utilizing both Argus and Excel. Utilize judgment, develop and form strong opinions on various underwriting assumptions and appropriate pricing/return parameters
• Investment Memoranda: Prepare and assist in the presentation of Preliminary and Final Investment Memoranda to the Investment Committee and to Por􀀁olio Management personnel. Involves substantial data review and writing
• Due Diligence and Closing: Undertake all due diligence responsibilities including detailed analyses of a property’s title and entitlement status, engineering and environmental condition, tenants and in-place lease review, operations and related financial statement review, analysis of market and competitive position, and other typical pertinent due diligence issues. Involves substantial data collection and review. Monitor transaction progress and coordinate closing
• Assist with financing
• Prepare ad-hoc reports when needed; assist with special projects as needed
• Up to 25% of the analyst’s time may be spent on asset management, portfolio management, or research tasks

Qualifications:

• Education: Bachelor’s degree in real estate or finance; advanced degree is a plus
• Associate Experience: 3-4 years postgraduate experience
• Strong skills in financial analysis and modeling; high competency in preparing cash flows
• Proven track record of success deploying capital into investments that generate projected returns and create long-term value for all stakeholders
• Experience in investment underwriting both commercial and residential asset types. Experience underwriting development opportunities is preferred
• Experience in preparing written investment recommendations and participating in investment opportunity presentations