Job Information
CBRE Senior Associate Development Investment - Trammell Crow Company in Portland, Oregon
ABOUT THE ROLE:
At Trammell Crow Company, we have built our business – andreputation – by hiring great people.
We believe outstanding, capable and dedicated employees havelaid the foundation of our success and are our most valuable asset. TrammellCrow Company cultivates an environment that empowers its employees to be thebest. When you join TCC, you are joining a dedicated team of people who arecommitted to upholding our RISE (Respect, Integrity, Service, Excellence)Values. Our RISE values fuel our mission for a diverse, equitable, andinclusive work environment so our people, our business partners and the communitiesin which we build: thrive. We are driven by our most powerful asset—our people.Comprised of teams possessing passion, innovation, and an open culture ofexcellence, we are actively seeking talent with a diverse set of backgroundsand experiences across all industries to apply for open positions.
Our Senior Associate, Development Investment role isresponsible for underwriting prospective acquisition and developmentopportunities, due diligence, preparing internal and external communications(e.g., Offering Memorandums, Investment Committee Memos), executing projectactivities, and developing industry relationships in the Portland, OR office withparticular emphasis on the Industrial & Mulifamily product type.
WHAT YOU’LL DO:
To perform this job successfully, an individual is toperform each essential duty satisfactorily. The requirements listed below arerepresentative of the knowledge, skill, and/or ability required. Reasonableaccommodations may be made to enable individuals with disabilities to performthe essential functions.
Source :
Support the company’s efforts to identify and gain control of new speculative and build-to-suit development opportunities
Responsible for developing and maintaining systems for tracking new opportunities
Shape:
Support the predevelopment process to include due diligence, entitlements, risk mitigation, and overall deal viability
Collect, review, and verify market information to support assumptions used in financial projections and feasibility analyses
Underwrite new development opportunities utilizing the TCC Budget Builder platform
Work with senior team members to ensure all required materials are received from sellers, consultants, and other outside entities during the predevelopment process
Coordinate with Development Managers in the creation and refinement of building plans and specifications to ensure project meets Owners’ requirements
Capitalize Deals:
Assist in sourcing debt and equity capital for projects by preparing offering memoranda for capital sources and investment packages for TCC Investment Committee
Coordinate with TCC Capital Markets to identify and track feedback from capital partners and gather proposed terms from a variety of debt and equity sources to be used in determining optimal capital structure for project
Execute:
Contribute to business plans for development projects by gathering data for budgeted market rents and lease structures, operating expenses, and capital budgets
Provide analytical support for asset management of pre-stabilized assets in Business Unit portfolio during lease negotiations and administration of project loan issues pertaining to property operations
Assist Business Unit principals with financial analyses at time of monetization
Update :
Assist Business Unit with maintaining company's proprietary asset management system (ELITE) data and information, including updated project budgets and forecasts
Relationship Management:
Develop and maintain successful relationships with clients, partners, consultants, architects, contractors, and brokers
Active involvement in the community and industry organizations
Negotiate :
Support deal document redlining, tracking and completion for term sheets, purchase and sale agreements, loan documents, and lease agreements
Maintain interface with external clients and internal business units, ensuring fast response time for all prospective investments, tenants, and potential third-party sponsor
Work Environment & Travel: Role is primarily in office with expected travel to job sites within the region.
Other duties may be assigned.
WHAT YOU’LL NEED:
Education :
MBA, or other relevant graduate degree preferred.
Industry Experience:
It is preferred, but not required, for candidates to have at least three years of experience in commercial real estate, finance, investment, or consulting role that required strong analytical, financial, and project management skills.
Entrepreneurial Spirit:
Self-motivated attitude and mentality
Action-oriented, productive, decisive, inspirational, innovative, and self-sacrificing
Ability to embrace change, critical questioning, and continuous improvement
Financial Knowledge:
Demonstrated understanding of financial and real estate terms and principles
Ability to calculate intermediate figures such as percentages, discounts, present value, internal rates of return, and/or commissions
Ability to analyze financial statements from outside sources
Problem Solving Skills :
Ability to comprehend, analyze, and interpret business documents and financial analysis
Ability to solve problems and progress projects in complex, ambiguous situations
Ability to prioritize activities to best support the company’s business.
Communication Skills :
Support TCC senior team members and company clients by communicating effectively throughout the development process
Ability to conduct research and draft reports, presentations, and other forms of internal and external communication using a distinctive style
Ability to provide efficient, timely, reliable, and courteous service to coworkers and partners
Ability to respond effectively to sensitive issues
Demonstrated strength in both written and verbal communication
Strong organizational and time management capabilities
Project Management Skills :
Ability to work with multiple stakeholders to create achievable project schedules, track milestone dates, and meet project deadlines
Ability to manage multiple consultants and synthesize information and report out status and key decision points to senior members
Applicants must be currently authorized to work in the United States without the need for visa sponsorship now or in the future
#INDSJ
Equal Employment Opportunity: CBRE is an equal opportunity employer that values diversity. We have 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.
Candidate Accommodations: CBRE values the differences of all current and prospective employees and recognizes how every employee contributes to our company’s success. CBRE provides reasonable accommodations in job application procedures for individuals with disabilities. If you require assistance due to a disability in the application or recruitment process, please submit a request via email at recruitingaccommodations@cbre.com or via telephone at +1 866 225 3099 (U.S.) and +1 866 388 4346 (Canada).
CBRE, Inc. is an Equal Opportunity and Affirmative Action Employer (Women/Minorities/Persons with Disabilities/US Veterans)