Investment Manager, Indirect Private Real Estate - CBRE Investment Management
Location: Boston, Massachusetts
Internal Number: 36029
Indirect Private Real Estate
Job title - Investment Manager, Indirect Private Real Estate
Reports to - Matt Tepper, Region Head of Americas
CBRE Investment Management is the wholly owned independently managed, investment management affiliate of the world's leading real estate services firm, CBRE Inc. It has over $129.1 billion of real estate assets under management globally on behalf of 700 institutional investors and employs approximately 880 employees in over 30 offices worldwide.
Indirect Private Real Estate ("Indirect RE") is a division of CBRE Investment Management dedicated to investments with operating partners via primary funds, secondaries, co-investments and joint ventures. Indirect RE differentiates from the direct investment side of CBRE Investment Management by always investing with a local operating partner in every transaction. Indirect RE has AUM of $40.8bn. Clients invest via separate accounts, many of which have a global remit, as well as pooled funds.
Indirect Private Real Estate is led by Achal Gandhi, CIO, and has 96 staff operating globally across 7 offices - London (HQ), Amsterdam, Luxembourg, Singapore, New York, Seattle and Boston.
Indirect Private Real Estate is a fully integrated business line within CBRE Investment Management. In addition to the investment and portfolio management team there is access to shared resources such as investor services, financial and middle office operations, analytics, legal counsel, risk management and IT systems development functions.
All data is as of October 2021.
The Investment Manager (IM) will work as a member of the America's Regional Investment Team working collaboratively on the execution of investments within the Region. The IM role is to source, execute and manage all aspects of the investment and asset management process for the Indirect team with a focus on primary and secondary fund investments.
The IM will be an active participant in the formulation of House Views and Preferred Strategies for indirect investments including top-down review of sectors within the Region and the preparation of market or sector overviews, analysis, and investment universe reports.
The IM will engage regularly with the Indirect Portfolio Management Team to gain knowledge of clients' investment objectives.
The successful candidate will bring an analytical and research-oriented approach to strategy and Fund selection supporting best in class execution for the Indirect Team.
Development of market views and collaboration on setting preferred investment strategies within the region
Sourcing and monitoring the Fund investment opportunities and maintaining regular touch points with Managers
Preparation of market or sector analysis including overviews on existing or emerging real estate sectors and investment universe analysis
Detailed underwriting and due diligence of investment opportunities including market research, detailed financial analysis, manager due diligence, vehicle legal and tax structuring, financing review, and coordination of external advisors for asset, legal and tax due diligence
Collaboration on all aspects of investment execution with the wider team on an as needed basis
Preparation of detailed materials required by the investment process including preliminary investment recommendations, Investment Committee Recommendations and Post-Investment Committee Due Diligence Report.
Presentation of opportunities to the Indirect Global Investment Team and Investment Committee
Asset Management of investments including monitoring and oversight of managers, analysis and recommendation of action for any voting matters and compliance with the Indirect Investment Guidelines
Coordination of the investment disposition process
Production of Investment Oversight Committee materials including semi-annual performance reforecasts and annual investment review notes including hold/sell analysis
Collaboration with Portfolio Management team to ensure up-to-date client requirements and support the PM team on quarterly reporting and ad-hoc requests
As team member
Coaches junior team members to develop skills and competencies
Leads by example and model's behaviours consistent with the company's core values
With broader and deeper capabilities than any other company, CBRE is the leading full-service real estate services and investment organization in the world.
CBRE Group, Inc. is the world’s largest commercial real estate services and investment firm, with 2017 revenues of $14.2 billion and more than 80,000 employees (excluding affiliate offices). CBRE has been included in the Fortune 500 since 2008, ranking #214 in 2017. It also has been voted the industry’s top brand by the Lipsey Company for 17 consecutive years, and has been named one of Fortune’s “Most Admired Companies” in the real estate sector for six years in a row. Its shares trade on the New York Stock Exchange under the symbol “CBRE.”
CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services.