Real Estate Investment Manager - Analyst, Germany

Job Description

About this role

Business Unit Overview:

BlackRock Real Estate, part of the BlackRock’s Real Assets / Alternatives platform, manages over $22 billion in private and public real estate equity and debt in the US, Europe and Asia-Pacific. BlackRock’s Real Estate team manages investments on behalf of public and private pension plans, insurance companies, foundations, endowments and private investors. The platform manages a broad array of investment strategies, including core, value-add and opportunistic, through separate accounts and commingled funds. Our extensive experience encompasses many major geographies as well as all major property types including office, industrial, retail.

Job Purpose/Background:

We are seeking an Analyst level employee to support the real estate acquisition team in the growth of the German Real Estate platform, reporting to the Head of Real Estate Acquisitions Germany, based in Frankfurt. The role is to financially analyse, underwrite & support the execution of real estate opportunities primarily in the German market (also, but to a lesser extend in the Netherlands, Austria / Swiss market), to partner with internal stakeholders, brokers, sellers and additional service providers in Germany. It will be required to demonstrate ownership for all output produced, especially very high attention on numeric accuracy in all aspects of the investment process from analyzing & originating deals, underwriting and supporting the acquisition progress.

Key Responsibilities

• Financial assessment of new opportunities
• Underwrite operating partners, analyse balance sheets
• Screening of potential locations/properties/portfolios
• Assessment of all property/portfolio exposés
• Carry out location and market / partner / portfolio analyses
• Evaluate investment opportunities and return parameters (investment modeling)
• Support to develop investment strategies for different sources of equity considering the position in the real estate cycle
• Underwrite asset-specific business plans including business plans for value add & core strategies
• Examine all property documentation with regards to commercial, legal, technical and tax matters in close cooperation with all specialty departments/consultants
• Support to coordinate and execute legal, technical and tax Due Diligence
• Present analysis & opportunities internally to transaction committees
• Support acquisition negotiations incl. subsequent settlement of the contract (post-signing/closing)
• Maintain investor relations as well as connections to brokers and local authorities

Knowledge/Experience

• Excellent financial skills, highly numeric person
• Excellent analytical skills and understanding of cash flow models
• Willingness to develop a strong understanding of property as an asset class & market dynamics
• Experience in underwriting & modelling
• Gained first experience in underwriting operating partners / JV structuring
• Preferably experience in executing investments across major asset classes & markets in Germany., preferably in logistics, residential and offices
• Preferably experience from international company

Skills/Qualifications

• Team player, high level of motivation
• Strong degree in Finance, Business Administration, Engineering school or Real Estate (or equivalent) preferred.
• Excellent MS excel real estate cashflow modeling skills
• Strong presentation skills
• Strong Word and Power Point skills
• Strong professional German and English communication skills; both oral and written level required

Our benefits
To help you stay energized, engaged and inspired, we offer a wide range of benefits including a strong retirement plan, tuition reimbursement, comprehensive healthcare, support for working parents and Flexible Time Off (FTO) so you can relax, recharge and be there for the people you care about.

About BlackRock

At BlackRock, we are all connected by one mission: to help more and more people experience financial well-being. Our clients, and the people they serve, are saving for retirement, paying for their children’s educations, buying homes and starting businesses. Their investments also help to strengthen the global economy: support businesses small and large; finance infrastructure projects that connect and power cities; and facilitate innovations that drive progress.

This mission would not be possible without our smartest investment – the one we make in our employees. It’s why we’re dedicated to creating an environment where our colleagues feel welcomed, valued and supported with networks, benefits and development opportunities to help them thrive.

For additional information on BlackRock, please visit careers.blackrock.com | www.blackrock.com/corporate | Instagram: @blackrock | Twitter: @blackrock | LinkedIn: www.linkedin.com/company/blackrock

BlackRock is proud to be an Equal Opportunity and Affirmative Action Employer. We evaluate qualified applicants without regard to race, color, national origin, religion, sex, sexual orientation, gender identity, disability, protected veteran status, and other statuses protected by law.