Associate - Portfolio Management, Real Estate Equity

Associate, Real Estate Investment Management

BlackRock Real Estate Investment Management is seeking an Associate based in Newport Beach to support portfolio management, client reporting, and investment analysis. This execution-oriented role will be responsible for conducting financial analysis, preparing client reporting materials, and supporting underwriting and asset-level decision-making across the portfolio.

Key Responsibilities:

• Support the preparation of monthly, quarterly, and ad hoc portfolio reports, including operational performance, returns, and attribution analysis
• Prepare quarterly property summaries covering leasing activity, operations, capital projects, and market conditions
• Maintain and enhance internal databases, reporting models, and portfolio tracking tools
• Respond to data and analysis requests from clients, portfolio managers, and senior leadership
• Build and maintain property-level cash flow and return models using Excel and ARGUS
• Assist in the review of operating budgets and the development of business plans
• Evaluate capital projects and renovation programs, including return on cost and ROI analysis
• Review financial statements, capital calls, and distribution requests in partnership with accounting teams
• Monitor market trends and key performance drivers affecting asset performance
• Review lease proposal analyses, including tenant credit and valuation implications
• Monitor property performance against underwriting assumptions and budget expectations
• Support the evaluation of operational initiatives and asset-level business strategies
• Support acquisition and disposition underwriting through financial modeling and analysis
• Prepare investment committee materials, memoranda, and supporting analyses
• Assist with due diligence and transaction execution, including data organization and analysis
• Contribute to process improvements across reporting, analytics, and portfolio management workflows
• Participate in special projects and ad hoc analyses as needed
• Partner closely with internal teams, including investments, accounting, and valuations, as well as external partners

Qualifications:

• Bachelor's degree in finance, Real Estate, or a related field
• 14 years of relevant experience; internships may be considered for Analyst-level candidates
• Strong financial modeling, analytical, and Excel skills
• Familiarity with ARGUS and PowerPoint preferred
• Foundational understanding of accounting, debt structures, and capital markets
• Highly organized, detail-oriented, and able to manage multiple priorities in a fast-paced environment
• Strong written and verbal communication skills
• Collaborative team player with the ability to work effectively across functions and stakeholders
• Demonstrated ownership, sound judgment, and a strong execution mindset

Salary Range for Newport Beach, CA: USD$115,000.00 - USD$155,000.00. Additionally, employees are eligible for an annual discretionary bonus, and benefits including healthcare, leave benefits, and retirement benefits.

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 model is designed to enable a culture of collaboration and apprenticeship that enriches the experience of our employees, while supporting flexibility for all. Employees are currently required to work at least 4 days in the office per week, with the flexibility to work from home 1 day a week. Some business groups may require more time in the office due to their roles and responsibilities.

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.

BlackRock is proud to be an equal opportunity workplace. We are committed to equal employment opportunity to all applicants and existing employees, and we evaluate qualified applicants without regard to race, creed, color, national origin, sex (including pregnancy and gender identity/expression), sexual orientation, age, ancestry, physical or mental disability, marital status, political affiliation, religion, citizenship status, genetic information, veteran status, or any other basis protected under applicable federal, state, or local law.