Asset Management Associate (Chicago)

JOIN OUR TEAM

Bridge33 Capital is a rapidly growing, vertically integrated real estate private equity firm focused on open-air retail real estate.  The Company recently raised $458 MM in its latest opportunistic fund, marking a key milestone for the company.

We are looking to hire an Asset Management Associate who is instrumental in the Company’s growth and is responsible for helping the Asset Manager develop and implement a strategy for an assigned portfolio of properties and help contribute to building the asset management platform. This is a remote position, based in Chicago, Illinois. Come make your mark as an integral part of Bridge33’s dynamic, growing team!

MISSION

We build relationships and create value where others don’t.

KEY PRINCIPLES

We’re Better Together | We’re Here to Serve | We crush our egos, and we have empathy for teammates | We stay positive | We embrace accountability, and we champion results

ESSENTIAL RESPONSIBILITIES

• Responsible for assisting the Asset Manager drive the asset’s full lifecycle returns through intensive asset management and relentless pursuit of value-add.
• Own the production of data and analysis of asset level cashflow models, budgets, in-place NOI, valuations, lease analysis, hold/sell analysis, and other various ad-hoc financial analysis for your assets.
• Assist the Asset Manager in formulating and executing short-and long-term asset strategies while deploying the broader strategic objectives of the company.  Professionally and effectively present recommendations and performance information to senior management and related partners.
• Daily responsibilities include supporting the Asset Management team efforts to running asset level cashflows, providing financial analysis for decision making, onboarding new assets, and managing the business plan.
• Prepare quarterly reporting to senior management, and work with internal Investments team to dispose of the asset.
• Support the Asset Management team to identify at-risk projects and propose corrective solutions to senior management.
• Perform other related duties as assigned.

Requirements

QUALIFICATIONS:

• Between 2-4 years’ experience in commercial real estate asset management or equivalent experience in the retail asset class, including the ability to assess the physical condition of a property, its marketability, and its management. Some experience with retail assets is strongly preferred.

·         Proficient with advanced excel modeling of financials and cash flows.

• Understanding of commercial real estate cash flows, equity, debt, and drivers of returns
• Demonstrated ability to work independently, take initiative, set priorities, follow through on assignments, assess changing conditions, and make recommendations with supporting analysis.
• Strong problem-solving skills, particularly in the face of ambiguity.
• Adept at presenting data-based analyses to management
• Self-motivated with an effective interpersonal and collaborative working style, along with a strong work ethic and a “roll up your sleeves” attitude.
• Exposure to managing third-party relationships such as attorneys, brokers, tenants, vendors, contractors, consultants, appraisers, etc.

Benefits

WHAT WE OFFER:

• Fast paced and dynamic work environment, including frequent interaction with the senior management team
• Flexible time off policy
• Company sponsored medical, dental and vision insurance
• Company paid life insurance
• Company paid short and long term disability insurance
• Paid parental leave
• 401k plan with Company match
• 11 paid holidays

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The annual base pay for this position is $81,191- $123,000 and the position is eligible for an annual discretionary bonus based on individual and company performance.

Bridge33 provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetic information, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state, or local laws.  Bridge33 is committed to providing access, equal opportunity and reasonable accommodation for individuals with disabilities in employment, its services, programs and activities.  To request reasonable accommodation, please contact our Human Resources department at [email protected].