Description
Job Description :
Primary point of responsibility for fund performance, risk management, and high-level communication of same internally and externally with investors.
Monitor portfolio and asset level account performance; ensure accounts are operating in accordance with governing documents and stated strategies.
Background on Lionstone Investments:
Lionstone Investments is a data-analytics driven real estate investment firm that conceptualizes, analyzes, and executes national investment strategies using proprietary algorithms and advanced analytics to understand the changing ways people in America want to live and work—Places for Productive People.® Since the firm’s inception in 2001, Lionstone has consistently generated cycle-tested real estate investment performance that has exceeded peer and industry benchmarks, across core, value-add, and opportunistic strategies. Focusing on 500 square miles across 17 internationally competitive markets, the firm has invested in over 15 million square feet of diversified real estate product, totaling roughly $3.6 billion of equity invested across various property types, including mixed-use, office, retail, and multifamily, and currently manages $6.1 billion of assets. *
Founded by former Hines executives Tom Bacon, Glenn Lowenstein, and Dan Dubrowski, the firm currently employs more than 50 talented professionals and invests on behalf of over 25 leading institutions, including public and private pension funds, endowments, foundations, financial institutions, family offices, and ultra-high net worth investors. In November 2017, the firm was acquired by Columbia Management Investment Advisers, LLC, to extend their investment capabilities into U.S. real estate.
*Represents the total, cumulative equity invested and committed, including reserves, across Lionstone’s three investment programs: Core/Core-Plus, Value-Add, and Opportunistic since 2001. Gross AUM as of September 30, 2017.
Responsibilities :
Responsibilities:
• Primary point of responsibility for fund performance, risk management, and high-level communication of same internally and externally with investors
• Monitor portfolio and asset level account performance; ensure accounts are operating in accordance with governing documents and stated strategies
• Lead strategic decisions related to the acquisition, refinancing, and/or disposition of investments in conjunction with Lionstone’s Acquisitions and Asset Management teams
• Lead the development of annual account business plans and financial performance projections.
• Responsible for key strategic decisions and management of all asset-level performance in conjunction with Lionstone’s Asset Management team for each applicable fund
• Responsible for the growth and management of the applicable dedicated staff (Analysts, Associates, Directors) within each fund group
• Manage and oversee financial models for the firm’s funds to include historical and projected cash flows, investor contributions/distributions, and return expectations
• Responsible for management of cash distributions and cash requirements for portfolios on a quarterly and ad hoc basis
• Manage and implement sophisticated analyses for tracking and reviewing returns and performance on Asset and Fund levels
• Foster investor-centric fund management and relationship management, which may include periodic client visits, asset/market tours and property communication. Assist in coordinating monthly, quarterly and annual client meetings (as necessary), providing content and insights consistent with best in class investment managers
• Oversight of completion on accurate and complete quarterly investor reports, including financial snapshots and qualitative summaries
• Monitor and improve Asset Performance based on Environmental Social Governance and GRESB guidelines
• Oversight of communications, reporting and transactions that marry MRI and ARGUS systems
• Perform analytical functions to value the real estate using Argus models or similar financial tools
• Integrates information from analytical tools (e.g., VTS, MRI, GIS, CoStar, REIS, related data sources) into real-time valuation and investor reporting
• Work with Head of Portfolio Management and Head of Operations to consistently evaluate and optimize firm processes and platform enhancements including
Required Qualifications :
Required Qualifications:
• Undergraduate degree required, Masters or other advanced degree preferred
• 10-20 years of direct real estate investment, management, and analytical experience required
• Strong demonstrated experience in investor relations with institutional investor clients
• Strong written and verbal communication skills
• Excellent analytical skills with strong working knowledge of Microsoft Excel
Required Personal Attributes:
• Unquestioned integrity and the highest ethical standards
• Commitment to excellence
• Ability to prioritize and multi-task
• A team orientation and collegial mentality
Preferred Qualifications :
• Masters or other advanced degree preferred
• Analytical skills with strong working knowledge of ARGUS, and other industry specific software desired
• Understanding of private equity, investment risk and capital markets preferred
Interested candidates please apply via this link:
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