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PGIM Real Estate - Associate

Prudential


Location:
Madison, NJ
Date:
01/18/2018
2018-01-182018-02-16
Job Code:
446778
Prudential
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Job Details

Position Title: PGIM Real Estate - Associate
Job Code: 446778
Job Location: New Jersey-Madison
Description:

 

PGIM Real Estate is the global real estate investment business of Prudential Financial, Inc. (NYSE: PRU). Redefining the real estate investing landscape since 1970, PGIM Real Estate has professionals in 18 cities in the Americas, Europe and Asia Pacific with deep local knowledge and expertise, and gross assets under management of $69.0 billion ($50.5 billion net) as of September 30, 2017

 

PGIM Real Estate’s tenured team offers to its global client base a broad range of real estate investment vehicles that span the risk-return spectrum across core, core plus, value-add, debt, securities, and specialized investment strategies.  For more information, please visit http://www.pgimrealestate.com.

Job Description:

 

PGIM Real Estate currently has an outstanding career opportunity within its Senior Housing team. This Associate level role will drive investment results and support the team’s portfolio management functions. This position is based in Madison, NJ.

 

Duties & Responsibilities: 

  • Partnering with senior asset managers to provide management and direction for a portfolio of senior housing properties. This includes frequent contact and direction with partners and operators.
  • Assist Portfolio Management with strategic analysis, initiatives, projects, client reporting objectives and presentation objectives including future fundraising efforts.
  • Prepare analyses of various investment decisions – leasing/operational strategy; financing; acquisition; hold/sell.
  • Oversee or assist in the annual budget process as well as the preparation of property strategic plans.
  • Review periodic property reports and track operating performance. Prepare and present quarterly updates summarizing results, issues and initiatives.
  • Assist acquisition and debt capital market leads throughout the acquisition/disposition and financing processes.
  • Maintain up to date asset-level debt information and review/sign-off on quarterly debt data/covenants.
  • Review quarterly appraisals for factual accuracy and consistency with other similar properties.
  • Maintain a high level of subject matter expertise on all properties.
  • Proactively respond to and/or escalate business issues.

 

  • Bachelor’s degree in real estate, finance, or related field required.
  • Candidates must have 3 years of relevant real estate experience. Prior exposure to senior housing is a plus, but not required.
  • Understanding of key real estate agreements including purchase and sale agreements, management agreements, partnership agreements and loan agreements.
  • Strong real estate market knowledge, with Northeast/Mid-Atlantic specialization a plus.
  • Proven ability to drive investment objectives by directing operators/partners.
  • Awareness of portfolio goals and ability to develop and monitor specific plans for individual investments that contribute to these goals.
  • Proficiency in finance concepts such as NOI yields, cash yields, dollar and time weighted returns, equity multiples, present value/discounted cash flow, capital markets, etc.
  • Strong real estate financial/valuation capabilities and writing skills. Excellent Excel proficiency.
  • Strong interpersonal/communication and presentation skills; ability to develop and ask questions.  Ability to make presentations to senior management, investment committee or clients, when necessary.
  • Ability and willingness to independently perform market/comp research.
  • Capability of simultaneously handling multiple assignments with minimal direction.
  • Ability to direct and monitor the activities of others on a systematic basis.
  • Understanding of transaction due diligence process

Any applicant selected for this position will be required to submit to an extensive background screening and a credit check. Failure to comply will eliminate an applicant from consideration for this position. Any negative information obtained as a result of the background screening may result in the disqualification of the applicant from this and any other position in Prudential.

 

All candidates must be authorized to work in the United States.  Prudential is an Equal Opportunity/Affirmative Action Employer and is committed to diversity in its workforce.


Prudential is a multinational financial services leader with operations in the United States, Asia, Europe, and Latin America. Leveraging its heritage of life insurance and asset management expertise, Prudential is focused on helping individual and institutional customers grow and protect their wealth. The company's well-known Rock symbol is an icon of strength, stability, expertise and innovation that has stood the test of time. Prudential's businesses offer a variety of products and services, including life insurance, annuities, retirement-related services, mutual funds, asset management, and real estate services.

We recognize that our strength and success are directly linked to the quality and skills of our diverse associates. We are proud to be a place where talented people who want to make a difference can grow as professionals, leaders, and as individuals. Visit www.prudential.com to learn more about our values, our history and our brand.

Prudential is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, genetics, disability, age, veteran status, or any other characteristic protected by law.

Note that this posting is intended for individual applicants. Search firms or agencies should email Staffing at staffingagencies@prudential.com for more information about doing business with Prudential.
Job Function: Real Estate
Schedule: Full-time
Apply on the Company Site
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