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Real Estate, Acquisition, Director

BlackRock
Tokyo, Japan
Posted 5 days ago Permanent Competitive
Real Estate, Acquisition, Director
Description

About this role

About BlackRock Real Assets:

In today's dynamic and complex global investing market, we help our clients meet their investment goals by providing a distinct range of well defined, outcome-orientated strategies, along the investment risk - return spectrum. Our dedicated teams of industry and sector specialists deliver global reach, with deep local expertise. They have decades of relevant experience, are deeply embedded in their operating industries by sector and geography and have developed strong partnership networks over time. BlackRock's culture of risk management, knowledge sharing, and investment discipline sets us apart and underpins all that we do. With over 420+ professionals in 27 offices managing over US$80.1bn in client commitments as of 31 March 2022, BlackRock Real Assets partners with clients to provide solutions tailored to individual portfolio needs such as income, growth, liquid or balanced real assets outcome.

About BlackRock APAC Real Estate Equity:

BlackRock APAC Real Estate is one of the investment businesses within BlackRock Real Assets. The team manages equity real estate investments in Asia-Pacific on behalf of institutional clients, primarily in comingled closed-end value funds through the Asia Property Fund series and additionally through separately managed accounts. Our extensive experience encompasses all major property types, including office, industrial, retail and residential.

The APAC Real Estate team comprises 34 investment professionals located in six offices across the region providing a uniquely local real estate team, within a global asset manager. The team is headquartered in Hong Kong where the portfolio management team sit. It is supported by numerous dedicated business partners including Legal, Compliance, Tax, Finance, Operations, ESG and Investor Relations as well as Real Assets Product Strategy and Research. The team has been investing in APAC real estate since 1999 and has undertaken more than 60 investments in the region and currently has approximately US$4.9bn (as of March 2022) in assets under management. The team has been managing its fifth value-add flagship fund, a closed-ended direct equity investment fund which raised US$1.175bn, targeting investments in the primary countries of Japan, Australia, Singapore, China and Hong Kong.

About BlackRock Real Estate in Japan:

BlackRock Japan Real Estate is responsible for acquiring, financing, managing and disposing of real estate investments in Japan for the APAC real estate business. The team of 5 investment professionals in Tokyo also provide market research and real estate investment strategy recommendations for Japan to the APAC portfolio management team.

Role Description:

Reporting to the Head of Japan, Real Estate, the role is to develop and leverage an extensive industry network of agents, brokers, advisors, corporates, fund managers, JV partners and other real estate stakeholders to source creative, hard to access and original investment opportunities for the APAC Real Estate mandates. Initial focus will be on deploying equity capital into successful value-add investment opportunities for our closed-end Asia Fund series.

The role requires prior experience with deal sourcing and financial modelling skills as well as strong communications skills. The individual will work with and help guide the development of junior investment professionals and must thrive in a dynamic team-based environment that demands perseverance, creativity and the ability to balance multiple tasks in order to work effectively in a global cross-border team.


Skills/Competencies:

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

  • Maintain an up to date understanding of real estate market sectors, cycles, and key performance drivers

  • Maintain effective working relationships with both BlackRock and external associates - e.g., joint venture partners, real estate consultants, valuers, bankers, financial & tax consultants, and legal counsels.

  • Ensure that all recorded investment data and written divestment/investment proposals are of the highest quality and consistent with the Firm's set standards to facilitate comparison and analysis.

  • Lead in the preparation of divestment/investment proposals and investment committee memorandums.

  • Source and provide research data supporting any update in key underwriting assumptions (markets rents, growth rates, vacancies, operating expenses, capital values, yields / cap rates, tax, financing, etc).

  • Gain a full understanding of all the underwriting assumptions and testing these to optimise returns i.e., operating assumptions as well as capital structure and tax assumptions.

  • Lead due diligence, preparation of external marketing material

  • Interface with other functions within BlackRock (in particular Funds Management, Capital Transactions, Corporate Finance, Finance, Risk & Quantitative Analysis, Legal, Risk & Compliance, Company Secretarial) to successfully close the transaction.


Experience, Skills & Knowledge Required:

  • Possesses tertiary academic qualifications, preferably in real estate/finance.

  • Minimum 10 years' experience in real estate, financial or other field of investment analysis preferred.

  • Good Microsoft Excel, Word & PowerPoint skills.

  • Proven experience in organizing and managing multiple priorities and tight deadlines.

  • Flexible on working hours when needed, especially during quarterly reporting periods or when a divestment/investment is in progress.

  • Excellent interpersonal and communication skills.

  • Entrepreneurial spirit and a self-starter.


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 pilot

BlackRock's current hybrid work pilot is designed to help you experience the best of both worlds: the opportunity to connect with colleagues in person and the flexibility to work remotely, with greater time to focus on what's important to you. In line with local health guidance and regulations, employees are generally expected to work 3 days in the office and 2 days from home (on average) each week. For some business groups, more time may be required in the office, while greater flexibility may be in place for others. Our "One BlackRock" culture means you'll be supported to collaborate with your new colleagues while bringing your full self to work - wherever you are.

The health, safety and well-being of our people will always be our top priorities; we will continue to monitor local conditions and health advisories in making decisions about our work environments.

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 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.

Job ID  R224316
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