Posted
12-Sep-2022
Service line
REI Segment
Role type
Full-time
Areas of Interest
Development
Location(s)
Los Angeles – California – United States of America, New York City – New York – United States of America
JOB SUMMARY
On behalf of its debut open-end credit fund, CBRE U.S. Credit Partners, the Credit Strategies team is presently focused on the direct origination of mortgage and mezzanine loans of $50-100M secured by lightly transitional assets across all major asset classes in the Top 35 MSAs across the United States. As Credit Partners achieves its scale ambitions, the Credit Strategies broader business strategy includes the launch of additional investment vehicles pursuing complementary investment strategies across the risk/return spectrum. Over time, the successful candidate will be expected to work across strategies, risk profiles and geographies.
ESSENTIAL DUTIES AND RESPONSIBILITIES
Strong applicants with experience of direct real estate investment (rather than lending) will also be considered.
Applicants with transactional experience in the primary CRE sectors (multifamily, office, industrial and retail) are preferred, while experience with emerging asset classes (student or workforce housing, data centers, self-storage, etc.) will be considered.
Strong analytical skills
Fluency with key real estate metrics (debt yields and debt service coverage ratios) and valuation methodologies (primarily discounted cash flow, direct capitalization, comparable sales and replacement cost).
QUALIFICATIONS
Minimum of 2 – 5 years commercial real estate lending experience at a debt fund, top-tier alternative lender, brokerage firm, life company, servicer, or banking organization.
Strong applicants with experience of direct real estate investment (rather than lending) will also be considered.
Applicants with transactional experience in the primary CRE sectors (multifamily, office, industrial and retail) are preferred, while experience with emerging asset classes (student or workforce housing, data centers, self-storage, etc.) will be considered.
Strong analytical skills
Fluency with key real estate metrics (debt yields and debt service coverage ratios) and valuation methodologies (primarily discounted cash flow, direct capitalization, comparable sales and replacement cost).
Strong Excel and Argus financial modelling skills is a pre-requisite.
Exceptional written English – capable of writing high quality internal reports in a concise and professional manner.
Extremely high attention to detail is a must.
Strong sense of responsibility, and an ability to judge where it is necessary to seek guidance or make decisions.
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CBRE is an equal opportunity/affirmative action employer with a long-standing commitment to providing equal employment opportunity to all qualified applicants regardless of race, color, religion, national origin, sex, sexual orientation, gender identity, pregnancy, age, citizenship, marital status, disability, veteran status, political belief, or any other basis protected by applicable law.
NOTE: An additional requirement for this role is the ability to comply with COVID-19 health and safety protocols, including COVID-19 vaccination proof and/or rigorous testing.
Investment Management
CBRE Investment Management is a leading global real assets investment management firm operating in over 30 offices and 20 countries around the world. Through its investor-operator culture, the firm seeks to deliver sustainable investment solutions across real assets categories, geographies, risk profiles and execution formats so that its clients, users, people and communities thrive.