The candidate will be responsible for providing research and strategy coverage of U.S. real estate capital markets. This will include analyzing transaction activity and pricing trends across the four quadrants of real estate, including public and private debt and equity. Specific responsibilities corresponding to this position are as follows:
Prepare internal and external reports and presentations on current trends and the outlook for real estate capital markets, including implications for investment strategies across the four quadrants.
Forecast the performance of listed REIT and private real-estate debt benchmarks, as well as their sub-indices, using a variety of economic, financial, and real-estate market inputs.
Develop and update research-driven quantitative models and disseminate market information that supports the listed REIT and Debt businesses.
Incorporate information and signals from the listed REIT and Debt markets into the outlook for private equity real estate, property sectors, and markets.
The AVP/VP will report to a Director and the position requires a modest amount of travel. Office location will be in New York.
The successful candidate should have a well-developed understanding of economics and finance as it relates to real estate as an investment class, a demonstrated interest and experience in conducting both qualitative and quantitative real estate research, strong verbal and written communication skills, and an ability to work both independently and in a team situation. Proficiency in basic computer applications (Word, Excel, PowerPoint) is assumed. The ideal candidate will have experience in modeling and forecasting and working with statistical software packages. Experience with listed REITs is preferred, and experience with infrastructure investing is a plus.
An undergraduate degree in real estate, economics, finance, or a related field is required; an advanced degree or progress toward the CFA is preferred. A minimum of five years of experience is required.
Deutsche Asset Management, Alternatives (DeAM-A)
DeAM-A (formerly RREEF) acquires and manages investments in commercial and residential property, real estate securities, infrastructure investments and commodities on behalf of its institutional and private clients worldwide. Its product offering is global and comprehensive, including core, value-enhanced and high yield property investments as well as investments in publicly traded real estate securities.
DeAM-A has more than $50 billion under management and employs more than 600 people in over a dozen cities around the world to help investors meet a wide range of objectives – from diversification, to preservation of capital, to long-term performance. We offer a diverse range of investments designed to meet the needs of investors. The firm's investments are easily accessible and provide a choice between direct property, commingled funds, mutual funds and publicly-traded real estate securities.
DeAM-A has a 40-year history of serving its clients and delivering outperformance for its flagship funds and strategies. Our research plays an important role in developing both top-down and bottom-up research which is proactively applied in the investment process. Our key mission is making recommendations and evaluating specific investments in order to deliver sustainable performance and transparency to our clients. Thought leadership, industry stewardship, collaboration and service to our clients are important aspects of our culture.