Associate, Real Estate

We are looking for an Associate to join the North American Real Estate team within the Real Assets group in New York, during an exciting period of transformative change and growth. You will be a key contributor to scaling the business in North America (the US and Canada, specifically), one of our most important regions, and will:  i) work on transaction deal teams to undertake and manage long-term, sizeable equity investments; ii) actively engage in portfolio and asset management including dispositions; and iii) contribute to global initiatives. You will have significant exposure to all elements of the US and Canadian real estate business, including access to some of the best-in-class developers and managers in the country. In the North America, we actively invest in major markets across the country, including all major asset classes (such as industrial, residential, retail, and office), as well as alternative sectors (such as data centers, life science, and student housing). The role provides an opportunity to be actively involved in both new transaction execution and oversight of existing real estate investments across multiple sectors and markets.

Team Description

CPP Investments’ approach to real estate investments is flexible and includes large and scalable JV transactions with best-in-class operating partners across the risk spectrum, as well as both public and private company “platform” investment opportunities when warranted. We are growing rapidly, and the scale and complexity of our investment approach is constantly increasing. The RE group manages a C$50 billion portfolio of equity investments globally and over C$20 billion in North America.

Accountabilities:

• Research, analyze, underwrite, and evaluate a variety of real estate opportunities (direct asset investments, joint ventures, funds, and platforms)
• Compile industry, market and asset level data and financial information
• Build complex dynamic financial models to analyze investment opportunities (reviewing investment structures and specific assets using financial models and a variety of quantitative analytical tools to test assumptions and sensitivities)
• Write/contribute sections of investment memoranda; participate in investment committee discussions
• Perform detailed underwriting and transaction management activities, including evaluation of past and projected investment performance, partner capabilities, investment merits and risks, expected returns and sector dynamics
• Assist in the evaluation, structuring and execution of real estate investment recommendations and review of legal documentation and closing activities
• Participate in real estate Investment portfolio management activities, including monitoring and evaluation of the investment portfolio performance, including participating in third party meetings with co-owners, investment managers and professional advisors; analyze proposed budget, capital plans and other investment recommendations and assist in the buy/hold/sell analysis
• Other relevant duties and projects as assigned.