MetLife

Role Value Proposition: 

Based in Whippany, New Jersey, MetLife Investment Management (MIM) is one of the largest institutional investors and asset managers in the world, with nearly $600.8 billion in combined managed assets, and has consistently generated superior returns for both policyholders and shareholders. The enterprise has more than 1100 dedicated professionals with extensive experience and expertise in all asset classes, with a strength in public and private fixed income and private assets, including real estate. Visit us at www.metlife.com/investments to learn more.  

MIM’s Global Real Estate and Agricultural Investments maintains a portfolio invested in commercial real estate and agricultural mortgages, as well as real estate equities.  In addition to sourcing and managing these investments, the groups are responsible for developing and maintaining relationships with key industry contacts and referral sources.  The mortgage portfolio and equity portfolio units are organized according to specialty, and they actively manage MetLife’s portfolio of mortgage loans and equity investments in agricultural, office, apartment, retail, industrial, and hotel properties. The portfolio units are responsible for overall portfolio strategy, pricing, transaction approval and credit approval on new loans, as well as the active management of the overall mortgage and equity portfolios.  Real Estate Investments sources and manages commercial real estate investments through seven regional field offices (Atlanta, Chicago, Dallas, Los Angeles, San Francisco, Washington, DC, and Whippany, NJ) and four international offices (London, Mexico City, Tokyo and Santiago).   

The San Francisco Regional Office Equity Real Estate Asset Management Associate will support the Asset Management team for MIM Real Estate’s institutional clients.  The regional portfolio includes office, industrial, multifamily, retail, and land holdings. 

Key Responsibilities: 

• Support Asset Management team in establishing and executing asset investment strategy, financial forecasts and budgets, valuation analysis, management and leasing efforts and capital analysis for the regional equity portfolio. 
• Fully manage a portfolio of real estate assets, potentially including office, retail, industrial, multifamily and development properties, for a diverse set of clients, including modeling complex transactions and reviewing/maintaining venture waterfalls.
• Provide support to senior asset managers on complex properties.
• Develop property operating budgets, capital budgets, income projections and annual business plans.
• Coordinate with acquisitions group regarding new investments to assist in sourcing, underwriting, due diligence and on-boarding, including minimizing operational or financial issues following closing. 
• Work with third-party developers and joint venture partners to oversee all aspects of new developments and major renovations.
• Manage third-party leasing and property management teams to maximize property performance (income/value), including overseeing the RFP process for new leasing and property management teams.
• Evaluate leasing opportunities, negotiate lease documents and provide concise recommendations for client approval.
• Negotiate various legal documents and contracts. Coordinate and manage various internal/external resources and consultants (i.e., attorneys, environmental, construction).
• Oversee the valuation process for assigned portfolio, including preparing/maintaining valuation/waterfall models, and reviewing quarterly third-party property valuations. A strong understanding of evaluating hold/sell analysis and advanced Excel modeling skills is required.
• Lead the sales process of designated assets including engaging brokers, evaluating bids, negotiating contracts, managing due diligence, and closing.  Manage property transition process by working with internal bank relations, insurance, and accounting departments.
• Regularly communicate with stakeholders including senior asset managers, portfolio managers, joint venture partners, and MIM clients about the performance of assigned portfolio.
• Participate on internal committees, manage database applications, and ensure timely and accurate reporting and financial data.

Essential Business Experience and Technical Skills: 

Required: 

• 1-4+ years of commercial real estate experience with various property types including office, retail, industrial, multi-family, self-storage, senior housing, single family residential communities, data centers and hotels preferred.  
• Strong quantitative and modeling skills, specifically Excel and Argus Enterprise; familiarity with the leading commercial real estate market data resources (i.e.-CoStar, CBRE Econometric Advisors, Real Capital Analytics, etc.) a plus. 
• Team oriented with excellent communication, organizational and time management skills with the ability to manage multiple projects simultaneously. 
• Effective writing skills and ability to synthesize information, as well as verbal interpersonal/communication skills. 

Preferred:

• Bachelor’s degree in an applicable business related field. MBA or Masters in Real Estate equivalent preferred
• In order to post for this position, you need the proper work authorization to work in the country where the position is located and not require relocation assistance.

At MetLife, we’re leading the global transformation of an industry we’ve long defined. United in purpose, diverse in perspective, we’re dedicated to making a difference in the lives of our customers.