Job Description

CPPIB Real Estate Investments (REI) has a global mandate to invest in commercial real estate through direct joint ventures with best-in-class operating partners. They are focused on building a diversified portfolio of high-quality properties that deliver stable and growing cash flows over the long term. With $40.8 billion of equity in investments of which $14.9 billion is invested in the US market, CPPIB REI’s team has built a significant portfolio with broad global (Americas, Europe and Asia) and sector (retail, office, industrial, multi- family and development) diversification. The principal strategy is to work with operating partners who have deep local expertise, to source new investments. REI also seeks programmatic and highly scalable relationships that can grow over time. As an active investor, joint ventures are the preferred investment structure as the structure affords stronger governance and provides greater transparency in their investments. Major developed markets within REI’s current portfolio include the US, UK, Canada, and Australia with investments in a broad spectrum of high-quality office, retail, industrial and multifamily properties. REI has also targeted China, Brazil and India as key emerging markets. REI’s equity team is comprised of three groups covering major property markets globally: REI Americas, REI Europe and REI Asia.

CPPIB REI is seeking to identify a Portfolio Manager who will support the growth of its investment program in the retail and mixed use property sectors in the United States. The successful candidate will display an investor/principal mindset and be creative in developing investment strategies and deal structures.  The Portfolio Manager will establish and manage joint venture relationships, source, underwrite and due diligence acquisitions, and drive redevelopment and asset management activities. The Portfolio Manager will be based in CPPIB’s New York office.

ROLE-SPECIFIC ACCOUNTABILITIES

• Playing a key role in the full life cycle of CPPIB’s retail and mixed use real estate portfolio.
• Building relationships with real estate operators and developers, investment banks, and brokers
• Sourcing new acquisitions, redevelopments and developments.
• Development of investment thesis, bid tactics, and negotiation strategies.
• Managing due diligence, analysis, research, and underwriting for new transactions.
• Overseeing and participating in preparation of presentations for investment recommendation.
• Presentation of investment screenings to senior management and Investment Committee.
• Overseeing execution of redevelopments.
• Asset management of existing investments, including acting as lead representative in partner meetings, strategic planning, and day-to-day asset governance.
• Team building across the REI platform.

Qualifications

• Eight or more years work experience in investment banking and/or real estate investment company on buy-side or sell-side.
• Acquisitions experience (development or value add experience a plus).
• Excellent understanding of real estate underwriting and fundamentals. Track record of successful investment recommendations and proven experience in executing transactions.
• Proven ability to manage investment and operating partners.
• Experience in the asset management of operating properties and developments.
• Extensive financial modeling skills, proficiency with Word and PowerPoint, and working knowledge of Argus and/or Dyna.
• Undergraduate business degree from a top-tier program (graduate degree and/or CFA a plus, though not required).

Additional Information

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At CPP Investment Board, we are committed to diversity and equitable access to employment opportunities based on ability.

We thank all applicants for their interest but will only contact candidates selected to advance in the hiring process.

DISCLAIMER:

CPP Investment Board does not accept resumes from employment placement agencies, head-hunters or recruitment suppliers that are not in a formal contractual arrangement with us. Our recruitment supplier arrangements are restricted to specific hiring needs and do not include this or other web-site job postings. Any resume or other information received from a supplier not approved by CPP Investment Board to provide resumes to this posting or web-site will be considered unsolicited and will not be considered.  CPP Investment Board will not pay any referral, placement or other fee for the supply of such unsolicited resumes or information.