Asset Management – UK Acquisitions – Global Real Estate - Associate
Location: Greater London
Job Type: Full time
J.P. Morgan Asset Management is a leading investment manager of choice for institutions, financial intermediaries and individual investors, worldwide. With a heritage of more than two centuries, a broad range of core and alternative strategies, and investment professionals operating in every major world market, we offer investment experience and insight that few other firms can match. Our teams have a clear focus on managing client assets and delivering strong risk-adjusted returns with leadership positions in America, the United Kingdom, Continental Europe, Asia, and Japan.
Are you curious about portfolio management and investment strategies? We're looking for energetic, creative talent to join our global team of experts to develop innovative investment strategies for our clients.
The Global Real Assets (“GRA”) group manages commingled funds and separately mandated accounts which invest in real estate, infrastructure and maritime assets around the world. These asset classes have many similar characteristics. First and foremost, they are actual assets as opposed to financial instruments. As such, in addition to generating relatively predictable cash flows, they have intrinsic value in that there is a real cost to replicate them.
Special expertise is required to own and operate real assets. Office buildings, for example, need to be managed carefully with skills ranging from day-to-day property management, negotiating lease agreements with tenants, decisions involving strategic capital plans, managing finance arrangements and, finally, expeditiously and profitably exiting the investment. In addition to acquiring and operating many of our assets, we also often participate in refurbishment, redevelopment and development projects, which activity requires yet additional specific skills such as design, engineering and construction management. While Real Estate, Infrastructure and Maritime do share many similar investment characteristics, they are sufficiently differentiated that we have independent teams to manage each sector, all of whom have extensive experience with the specific asset class.
Overall, the group consists of functions such as acquisitions, asset management, finance and control, research, product development and client service. Together, they raise capital, underwrite potential investments, perform due diligence and negotiate closing documentation with respect to new transactions, manage the assets to add value throughout the ownership period and then manage the disposition process – all with an eye toward maximizing the risk-adjusted return on each investment for the clients.
Geographically, the global group is active in the United States, across Europe and throughout Asia. We have over 350 people engaged globally working out of 13 offices. As part of the GRA team based in Europe, you will be responsible for asset managing a proportion of an expanding UK portfolio which currently has an AUM > £1.75bn and includes Central London Offices, provincial Offices, and UK & Ireland logistics. Residential investments will also likely be added in the medium term. Assets range in risk from long let core properties to intensive active management opportunistic properties.
J.P. Morgan Asset Management's European Real Estate team has a position within their UK Acquisitions team based in their London office.
This permanent position will involve originating and underwriting prospective acquisitions, assisting with transactions, preparing investment committee reports, working with joint venture partners, originating third-party debt financing, managing dispositions and undertaking market research.
- Originating prospective acquisitions, taking responsibility for financial modelling and preparing business plans.
- Appointing and coordinating the transactions team during due diligence
- Originating and negotiating terms with third-party lenders
- Working alongside joint venture partners on prospective acquisitions
- Investment Committee reporting
- Disposal strategy and execution
- Experience or specialization in real estate
- Highly motivated and a self-starter with a strong work ethic
- Strong quantitative and analytical skills
- Ability to work both independently and in a small team environment
- Exceptional writing and verbal communication skills commensurate with client engagement
- Strong knowledge of Microsoft Word, Excel and PowerPoint
- Good judgment and discretion working with highly confidential information
- University degree (First class or upper second class honours)
Eligible candidates will require experience in the UK commercial real estate market, preferably with exposure to capital markets. Exposure to value-add / opportunistic real estate strategies will be preferential.
We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. In accordance with applicable law, we make reasonable accommodations for applicants’ and employees’ religious practices and beliefs, as well as any mental health or physical disability needs.
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After you confirm your application, we will review it to determine whether you meet certain required qualifications.