Clarion Partners
We don't merely acquire value. We create it.
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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.
Position Overview:
- Support asset management in overseeing and developing strategies for a portfolio of investments
- Focus primarily on multi-family apartment investments, ranging from ground-up development to value-add renovations and core/stabilized investments
- Responsibilities include analyzing performance metrics, retrieving data from internal and external sources, and communicating key insights to Asset Managers, Portfolio Management, and other stakeholders
- Assist in the development of property strategies, and in the measurement of and improvement of property and organizational performance issues
- Prepare property and local market aspects for quarterly and annual property reports, as well as annual property business plans
- Monitor weekly leasing KPIs and communicate with property management teams to improve property performance
- Support team in evaluating relevant operations and capital program strategies
- Review annual operating budgets and assist in annual business plan preparation and presentation
- Assist in the approval process for capital expenditures within property business plan parameters
- Conduct quarterly internal valuations and support a third-party appraisal process, including the review of such appraisals
- Participate in regularly scheduled property leasing calls and meetings, while cultivating relationships with the property management and brokerage teams
- Prepare hold/sell analysis’ for disposition candidates, review BOV materials, and assist in the marketing/closing process
- Participate in asset management due diligence upon asset takeover including lease reviews, pro forma analysis, including undertaking detailed analyses of a property’s (1) tenants and in-place leases; (2) operating and financial statements; (3) market and competitive position; (4) engineering and environmental condition; (5) taxes, insurance and service contracts; and (6) other pertinent property-level factors and market feasibility review
- Assist with acquisition, development, and disposition transactions
- Monitor and analyze the financial performance of the properties and portfolios, primarily through review of monthly property financial reports
- Maintain portfolio models
- Assist with preparation and review of portfolio level and client reports
- Maintain property valuation files
- Analyze lease transactions
- Prepare hold/sell analyses
- Assist with special projects and ad-hoc reporting as needed
- Up to 25% of the analyst’s time may be spent on transactions, portfolio management, or research tasks
Candidate Profile | Minimum Requirements & Qualifications:
- Education: Bachelor’s degree in real estate or finance
- Senior Analyst Experience: 2 years postgraduate experience
- Strong skills in financial analysis and modeling – proficiency in Excel, Word, and PowerPoint required and experience in Argus Enterprise strongly preferred
- Ability to complete detailed analyses and to make well-reasoned and decisive recommendations required
- Must be able to work independently and as part of a team to meet deadlines and complete projects with minimal supervision
- Ability to interface professionally with individuals throughout various departments in the firm (acquisitions, asset management, finance, portfolio management, marketing and research) as well as third party firms, partners and industry leaders
- Strong interpersonal communication, writing skills and exceptional organizational skills and the ability to prioritize work effectively
- Prior experience with multi-family is a plus
- Excellent organizational skills, interpersonal and writing skills and high level of attention to detail
- Candidates should be proactive and self-motivated with a strong work ethic and integrity
- Prior experience with analyzing and negotiating lease transactions
Source: Clarion Partners Career Page
