Associate, Investment Management, Sydney Real Estate

About this role

About BlackRock Real Estate:

BlackRock Real Estate is the dedicated real estate investment group within BlackRock Inc. and its subsidiaries (“BlackRock Real Estate”) investing in strategies across the risk / return spectrum, providing access to all major property types. As at Q2 2024, BlackRock Real Estate manage $26.5 billion of private real estate equity on behalf of investors worldwide. Operating as a globally integrated platform, the group’s extensive on-the-ground presence includes over 230 professionals in 16 offices across 10 countries in Asia Pacific, Europe and the US and over 30 years of strong client service with a focus on meeting portfolio requirements. Investment structures include commingled funds, co-investments, joint ventures and customized separate accounts. For additional information, please visit BlackRock’s website at www.blackrock.com

The APAC RE business currently manages AUM of US$7.5bn, mainly through its flagship regional Value-add funds. The business has a team of 30 investment professionals in five offices managing c.100 properties in Australia, New Zealand, Japan, Singapore and China. The team has a deep track record, is close knit and are passionate value add private equity real estate investors. This is an entrepreneurial and deeply local team within a global platform.

Description/Job Purpose

The Investment Associate will support the Australasia investment team in acquiring and managing investments across diversified sectors including last mile logistics, self-storage, childcare and life sciences. The investment team is agnostic to sector and will pursue the best available risk adjusted returns in the market for our clients. Investments can be undertaken through various structures (single asset, portfolios, joint ventures and platforms).

Responsibilities cover financial modeling, due diligence, investment tracking, and assisting with asset management delivery. The Associate will work independently and cross-functionally, collaborating with internal teams while staying informed on market trends and cycles.

Key Responsibilities:

Acquisitions and disposals:

• Run and develop cash flow models and conduct quantitative and qualitative analysis for potential acquisitions.

• Prepare memos and presentations for investment committee reviews.

• Coordinate due diligence processes with external and internal teams.

• Track acquisitions, dispositions, and assist with the closing process.

Investment modelling, monitoring and reporting:

• Prepare and maintain investment models ensuring accuracy.

• Monitor investment outcomes, support project reviews, and conduct hold/sell analysis.

Asset Management:

• Develop annual plans, including leasing, Capex, operating budgets and cash distribution.

• Lead investment strategies and take strong ownership of outcomes and performance

• Oversee existing service providers to ensure effective management.  

• Research key market data to support underwriting assumptions.

Business development:

• Support business initiatives and projects, client information requests and data requests for fund-raising campaigns.

Market:

• Represent BlackRock in the market as a reputable player of the highest integrity consistent with the Firm’s values

• Be a passionate student of the private equity real estate market, ensuring deep market understanding, knowledge, and participation.

Skills /Experience

• Education: Attained a Bachelor's degree; CFA or further education / qualifications are a plus.

• Experience: Background in investment banking or private equity real estate fund manager or similar. 3+ years of experience

• Technical Skills: Proficient in Excel, Word, PowerPoint; strong quantitative capabilities. Deep understanding of real estate valuation methodology and experience strongly preferred.

• Soft Skills: Strong written and verbal communication; detail-oriented;

Qualities

• Self-motivated, effective workload manager and reliable collaborator. Happy to work in a fast-paced, hard-working environment.

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.

Our hybrid work model

BlackRock’s hybrid work model is designed to enable a culture of collaboration and apprenticeship that enriches the experience of our employees, while supporting flexibility for all. Employees are currently required to work at least 4 days in the office per week, with the flexibility to work from home 1 day a week. Some business groups may require more time in the office due to their roles and responsibilities. We remain focused on increasing the impactful moments that arise when we work together in person – aligned with our commitment to performance and innovation. As a new joiner, you can count on this hybrid model to accelerate your learning and onboarding experience here at BlackRock.

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 @blackrock | Twitter: @blackrock | LinkedIn: www.linkedin.com/company/blackrock

BlackRock is proud to be an Equal Opportunity Employer.  We evaluate qualified applicants without regard to age, disability, family status, gender identity, race, religion, sex, sexual orientation and other protected attributes at law.