PGIM Real Estate Investment Analyst (Atlanta,GA/Hybrid)

We are looking for an astute, determined professional to fulfill an Analyst level position within our Asset Management function based out of our Atlanta office, covering a large portfolio of Retail Assets in various stages of the investment cycle. You will showcase your success through collaboration, ownership and innovation. Your expertise in emerging trends and practices will evoke stimulating discussions around optimization and change to help keep our competitive edge. This rewarding opportunity will enable you to make a big impact in our organization, so if this sounds exciting, then PGIM might be the place. What you can expect

• Work directly with a senior asset manager and a team on a portfolio of shopping center investments across various markets in the Southeast region.
• Provide general asset management strategy and oversight for a portfolio of retail assets across varying Fund risk spectrums including pre-development, development and stabilized assets.
• Analyze prospective deal terms to support in the evaluation and negotiation of retail leases.
• Utilize Excel, Argus, and Word to prepare analyses of various investment decisions – including hold/sell, leasing, repositioning and financing scenarios.
• Maintain frequent contact with property managers, operating partners and leasing brokers.
• Review periodic property reports and track operating performance. Prepare regular updates summarizing results and respond to information requests.
• Review quarterly appraisals for factual accuracy and compare assumptions against other similar properties.
• Oversee the budget process and develop bespoke strategic plans for each property to create value and maximize returns.
• Prepare and/or review periodic internal reports and respond to information requests from the Portfolio Management team.
• Work collaboratively with the transaction team for both the acquisition and disposition of properties.
• Assist in the negotiation of contracts with property management and leasing firms.

What you will bring

• Bachelor’s degree required; emphasis in real estate or finance preferred.
• Minimum of 1-2 years of related experience.
• Understanding of key real estate agreements including leases, purchase and sale agreements, management and leasing agreements, partnership agreements, development agreements and loan agreements.
• Understanding of basic real estate terms and concepts such as net leases, gross leases, rents, percentage rents, operating expenses, capital expenditures, recovery of expenses, and basic finance concepts such as NOI returns, cash flow returns, internal rate of return, present value/discounted cash flow, capital markets.
• Understanding of basic accounting concepts such as 3-statement models, general ledger entries, and credit analysis.
• Awareness of portfolio goals and ability to develop and monitor specific plans for individual investments that contribute to these goals.
• Awareness of ESG, proptech, and data initiatives.
• Strong interpersonal/communication skills; self-starter with a proactive mindset and ability to develop and ask questions.
• Negotiate acceptable terms with third parties and to make presentations to senior management, investment committee or clients, when necessary.
• Capability of simultaneously handling multiple assignments and to direct and monitor the activities of others on a systematic basis.
• High level of attention to detail to complement financial analytical skills.
• Ability to use financial and valuation software including Argus, Excel, and Word.

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