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Analyst, LaSalle Value Partners
Chicago, IL
Job Description
LaSalle Investment Management ("LaSalle") is a global real estate investment manager with $89 billion of private and public real estate assets under management and over 900 people in 13 countries. Our diverse investor base includes public and private pension funds, insurance companies, governments, endowments, and high net worth investors from across the globe. LaSalle sponsors private custom accounts, private open and closed-end commingled funds, and public real estate securities programs. As a wholly-owned member of JLL, LaSalle's investment teams also draw on the intelligence and resources of its parent company, providing unique access to market opportunities and key industry leaders.
At LaSalle, we deliver investment performance for a better tomorrow for all our stakeholders. We believe investment performance can be impacted by physical climate hazards as well as sustainability-related market and regulatory changes. We integrate sustainability into our portfolio construction, acquisitions, and asset management activities to maximize value for our clients.
Objective of Role:
LaSalle Investment Management is seeking a Financial Analyst to join its LaSalle Value Partners US team to assist with asset and portfolio management. The LaSalle Value Partners US Series is LaSalle's flagship set of closed-end value add investment vehicles. The position will be located in the firm's downtown Chicago headquarters. The role will provide investment exposure to a variety of property sectors / US geographic regions and will be focused on core plus, value add and opportunistic deal profiles. The role will also provide exposure to fund/portfolio level considerations, interaction with fund limited partners, as well as to all aspects of property level execution throughout the asset hold period including financing, asset management, and disposition. The ideal candidate will bring a combination of strong academic record, relevant work experience and a passion for real estate investing. The position offers a candidate career growth opportunities and development in a team-focused environment and will directly report to Income & Growth's senior asset managers.
Accountabilities:
Conduct financial analyses including cash flow projections and Argus Enterprise valuation models
Evaluate property-level investment performance
Assist property managers in development of annual operating budgets and quarterly reforecasts
Gather and evaluate economic and market data
Assist with client reporting and presentation preparation
Analyze potential leases and capital spend programs and their financial impact on an investment
Evaluate lease language and understanding of impact to value of real estate
Coordinate property appraisals and internal valuations utilizing Argus valuation models
Provide analytical support to colleagues in the areas of fund operations and asset management
Assist asset managers in the disposition process
Perform detailed quarterly financial statement analysis, review of rent rolls, current and future cash flow and forecasting of both present value and cash flows through Argus
Oversee compliance of ground leases and mortgages
Review and/or Perform mortgage lender loan proceed draws
Travel to properties around the U.S. as requested by senior asset managers
Required Qualifications & Experience:
BA/BS degree in real estate, finance, accounting, or related field with strong record of academic achievement and analytical abilities
1- 2 years of relevant experience
Highly skilled in modeling investments in Excel; Argus Enterprise experience is preferred
Knowledge of DCF, NPV and cash flow models
Strong financial and analytical ability with solid organizational skills and ability to multi-task
Highly developed verbal and written communication skills
Ability to work independently and as part of a team
Ability to work for multiple managers
Proactive thinking with detail-oriented and creative problem-sol
JLL Is an Equal Opportunity Employer JLL is committed to developing and maintaining a diverse workforce. JLL strongly believes in equal opportunity extended to all individuals in all aspects of the employment relationship, including recruitment, hiring, training, promotion, transfer, discipline, layoff, recall and termination without regard to race, color, religion, belief, creed, age, sex, pregnancy or maternity (including childbirth and related conditions), family responsibility (e.g. child care, elder care), nationality, ethnic or national origin or ancestry, citizenship, marital status, civil partner status, sexual orientation, gender identity or expression, transgender status, veteran’s status, genetic information, trade union membership, social position, political view or status as a qualified individual with a disability, protected leave status or any other protected characteristic in accordance with applicable law. The company also endeavors to make reasonable accommodations for known physical or mental limitations of otherwise qualified employees and applicants with disabilities unless the accommodations would impose an undue hardship on the operation of our business and ensures that employment decisions are based only on valid job requirements.
At LaSalle, we deliver investment performance for a better tomorrow for all our stakeholders. We believe investment performance can be impacted by physical climate hazards as well as sustainability-related market and regulatory changes. We integrate sustainability into our portfolio construction, acquisitions, and asset management activities to maximize value for our clients.
Objective of Role:
LaSalle Investment Management is seeking a Financial Analyst to join its LaSalle Value Partners US team to assist with asset and portfolio management. The LaSalle Value Partners US Series is LaSalle's flagship set of closed-end value add investment vehicles. The position will be located in the firm's downtown Chicago headquarters. The role will provide investment exposure to a variety of property sectors / US geographic regions and will be focused on core plus, value add and opportunistic deal profiles. The role will also provide exposure to fund/portfolio level considerations, interaction with fund limited partners, as well as to all aspects of property level execution throughout the asset hold period including financing, asset management, and disposition. The ideal candidate will bring a combination of strong academic record, relevant work experience and a passion for real estate investing. The position offers a candidate career growth opportunities and development in a team-focused environment and will directly report to Income & Growth's senior asset managers.
Accountabilities:
Conduct financial analyses including cash flow projections and Argus Enterprise valuation models
Evaluate property-level investment performance
Assist property managers in development of annual operating budgets and quarterly reforecasts
Gather and evaluate economic and market data
Assist with client reporting and presentation preparation
Analyze potential leases and capital spend programs and their financial impact on an investment
Evaluate lease language and understanding of impact to value of real estate
Coordinate property appraisals and internal valuations utilizing Argus valuation models
Provide analytical support to colleagues in the areas of fund operations and asset management
Assist asset managers in the disposition process
Perform detailed quarterly financial statement analysis, review of rent rolls, current and future cash flow and forecasting of both present value and cash flows through Argus
Oversee compliance of ground leases and mortgages
Review and/or Perform mortgage lender loan proceed draws
Travel to properties around the U.S. as requested by senior asset managers
Required Qualifications & Experience:
BA/BS degree in real estate, finance, accounting, or related field with strong record of academic achievement and analytical abilities
1- 2 years of relevant experience
Highly skilled in modeling investments in Excel; Argus Enterprise experience is preferred
Knowledge of DCF, NPV and cash flow models
Strong financial and analytical ability with solid organizational skills and ability to multi-task
Highly developed verbal and written communication skills
Ability to work independently and as part of a team
Ability to work for multiple managers
Proactive thinking with detail-oriented and creative problem-sol
JLL Is an Equal Opportunity Employer JLL is committed to developing and maintaining a diverse workforce. JLL strongly believes in equal opportunity extended to all individuals in all aspects of the employment relationship, including recruitment, hiring, training, promotion, transfer, discipline, layoff, recall and termination without regard to race, color, religion, belief, creed, age, sex, pregnancy or maternity (including childbirth and related conditions), family responsibility (e.g. child care, elder care), nationality, ethnic or national origin or ancestry, citizenship, marital status, civil partner status, sexual orientation, gender identity or expression, transgender status, veteran’s status, genetic information, trade union membership, social position, political view or status as a qualified individual with a disability, protected leave status or any other protected characteristic in accordance with applicable law. The company also endeavors to make reasonable accommodations for known physical or mental limitations of otherwise qualified employees and applicants with disabilities unless the accommodations would impose an undue hardship on the operation of our business and ensures that employment decisions are based only on valid job requirements.
Job Summary
Company
Start Date
As soon as possible
Employment Term and Type
Regular, Full Time
Required Education
Bachelor's Degree
Required Experience
1 to 2 years
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