Assistant Vice President, Investment Research

Assistant Vice President, Investment Research

We are seeking a Chicago-based Assistant Vice President to join the firm's Investment Research group. This position involves conducting research into economic, capital market, and property market trends in support of the firm's investment strategies in private equity and private debt. Research is an integral part of the investment process at Heitman and the focus of significant corporate resources. Members of the department engage in top-down and bottom-up work designed to maximize investment performance for the firm's clients.

Responsibilities include, but are not limited to:

• Tracking market conditions across primary and alternative property sectors.
• Synthesizing data from a range of sources (including third-party market data providers and Heitman's own portfolio) with intel gathered from industry sources, market tours, and resources within other groups in the firm to create a house view on property sector fundamentals and opportunities.
• Analyzing data and creating models to formulate investment strategies and direct capital deployment related to individual property sectors and broader portfolio construction across a variety of equity and debt strategies.
• Using the above inputs to formulate and communicate investment strategies to capitalize on opportunities created by economic, demographic, capital market, and property market conditions.
• Likely areas of focus include, but are not limited to, global capital markets, US debt markets, and the US retail and self-storage sectors.
• Working alongside the acquisition and debt teams on prospective property acquisitions, including assessments of local market conditions and trends, competitive properties, and identification of risks/opportunities.
• Supporting the portfolio and asset management teams with timely strategy recommendations, evaluation of investment performance, and hold/sell analyses for properties within the Heitman-managed North American portfolio and identification of risks/opportunities.
• Writing white papers and short articles for the Heitman thought leadership series on new investment markets or strategies, as well as current market trends and their investment implications.
• Creating content such as presentation slides and short videos for social media.
• Presenting to internal clients including senior management, the Investment and Valuation Committees, portfolio managers, and the acquisitions and debt teams about market trends, investment strategies, and the merits and risks related to individual investments.
• Interacting with clients in person and on conference calls.

Qualifications:

• A bachelor's degree in real estate, urban studies, economics, finance, econometrics, statistics, data science, geography, or a related field. An advanced degree, CAIA designation, or CFA designation is a plus.
• Minimum 5 years of direct experience in analyzing real estate investments. This could include work in real estate research, consulting, finance, or appraisal. (Candidates with other backgrounds that demonstrate strong research, analytical, and communication skills will also be considered.)
• Excellent communication, organizational, and analytical skills with a passion for writing and presenting.
• A highly developed ability to juggle multiple assignments simultaneously.
• Fluency in Excel, PowerPoint, and data visualization. Programming experience or Power BI a plus.
• Comfort with creating, maintaining, and manipulating databases.
• Willingness to work independently on short deadlines.
• Intellectual curiosity and integrity.

Job Location and Travel:

• This position is based in our Chicago office.
• Our teams work in a hybrid environment, and in-office days vary by team. This position will require in-office attendance 4 days per week.
• Moderate to extensive travel required.

We are looking for great candidates who have a unique combination of experiences, traits, and talents. We couldn't describe you in a list of bullet points, so consider this posting a conversation starter. If you check some, but not all, of our boxes, we still want to talk! Please apply for this role if much of this job description describes you.

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Founded in 1966, Heitman is a global real estate investment management firm. Our mission is to lead the evolution of real estate through investments that fulfill the needs of people and communities in a world of constant change. To learn more about our organization and culture, click here.

Total Rewards (Compensation, Benefits & Perks):

At Heitman, we believe that our success is driven by the success of our team members. That's why we use market data to ensure competitive compensation for every role, reflecting our commitment to investing in our team. When we grow, you grow!

The expected annual base salary range for this role is $115,000-$140,000 and will be further discussed during the interview process. This range represents what Heitman reasonably and in good faith believes we would pay a qualified candidate for this role at the time of posting (based on a full-time equivalent schedule). Your actual base salary placement will depend on factors such as (but not limited to): your relevant experience, time in role, base salary of internal peers, prior performance, business sector, and geographic location. In addition, all of our team members are bonus eligible and participate in a generous annual bonus plan, with the percentage varying based on your role and level, ensuring that your contributions are recognized and rewarded.

In alignment with our People First core value, we offer rewarding careers that focus on both personal and professional growth. We are dedicated to helping you and your family thrive, both in the office and at home. To support this, we provide competitive compensation and a leading-edge, human-centric benefits package. Click here to view the details of our benefits.

Additional Information:

Candidates applying for roles requiring travel must hold a valid, non-expired driver's license.

Equal Employment Opportunity: Heitman is an equal employment opportunity employer and complies with all applicable laws prohibiting discrimination based on race, color, creed, religion, sex, age, national origin or ancestry, physical, medical or mental disability or condition (including, without limitation, HIV and AIDS), developmental disability, handicap, denial of family and medical care leave, denial of pregnancy leave, domestic partner status, status as a victim of sexual or domestic violence (or familial relationship to such victim), veteran status, marital status, sexual orientation, arrest records, citizenship status, criminal history that has been expunged, unfavorable discharge from the military, or any other basis protected by federal, state or local laws.