(Senior) Associate Real Estate

Work for one of the world’s leading real estate investors with a market-leading focus on responsible investing

Would you like to work for one of the world’s leading real estate investors, with a market-leading focus on responsible investing? The Real Estate team, as part of the APG Real Assets platform, is looking to strengthen its European team with a (Senior) Associate.

The role

With assets under management over €600 billion, APG is one of the world's largest institutional investors and a leading pension fund manager in the Netherlands. APG’s Real Estate portfolio (c. €53 billion) consists of a mix of participations in property companies (both listed and private), funds, club deals and joint ventures. Examples include investments in citizenM, Klepierre, SEGRO, The Social Hub, Vesteda, and Via Outlets. The team consists of about 60 investment professionals divided over three teams in Amsterdam, New York and Hong Kong.

Within the APG real estate team, the listed and private teams work closely together, ensuring a continuous flow of information and exchange of ideas. Our integrated approach towards real estate investing is designed to access and invest with best in class operators throughout the entire real estate universe.

Our investment style is predicated on fundamentals and requires extensive bottom up as well as market analysis. The investment process includes a continuous dialogue with the management teams of investee companies as well as site visits. We pride ourselves in genuine ESG integration within our investment process, which together with our leading role in industry body networks, enable us to progress our clients’ responsible investment objectives. Our long-term investment horizon as well as the ESG integration in our investment philosophy are key differentiating factors.

What you would do

As a (Senior) Associate Real Estate, you will play an important role in supporting the sourcing, structuring, and execution of new, mostly private investments. You will also be (jointly) responsible for managing the existing portfolio of private property investments in Europe, in close consultation with the fund manager and other portfolio managers.

Furthermore, you will:

• Conduct extensive data analytics and source, structure, and analyze data as part of the research process to support investment decisions;
• Perform financial underwriting of new and current investments by analyzing financial statements, identifying companies’ key value drivers, and forecasting free cashflows with the objective of valuing the firm/investment using APG’s proprietary valuation model;
• Report on portfolio developments; monitor trends and develop insights in the real estate marketplace;
• Actively participate in team sessions discussing policies and strategies for both our regional and global real estate portfolio;
• Prepare investment pitches to the team as well as engage in active discussions on portfolio positioning and market trends;
• Visit portfolio investments and local managers across Europe;
• Interact frequently with both internal and external stakeholders.

What you bring

As a (Senior) Associate Real Estate, you are decisive, entrepreneurial, and able to work both independently and as part of a team. You work in a disciplined manner and possess strong social and analytical skills, as well as expertise in quantitative analysis. You have excellent financial skills with a high degree of analytical rigor and demonstrated expertise in financial modelling. You are a representative and motivated team player, and a self-starter with healthy ambition.

Furthermore, we ask for:

• A university degree in economics or business studies and preferably started (or finished) a postgraduate (post-doctoral) professional program, such as CFA, CAIA or equivalent;
• About 3-5 years of relevant work experience, preferably in M&A or investment management;
• Knowledge and understanding of, or affinity with, real estate markets;
• Strong business and financial acumen;
• Strong financial modelling skills;
• Excellent communication skills in English and possibly in Dutch;
• Digital mindset;
• Pro-activeness, initiative, and inventiveness;
• Strong interpersonal skills.

What we offer you

We offer you a competitive monthly salary based on a 40-hour working week and attractive terms of employment with a focus on flexibility.

• A guaranteed end of year bonus of 8.33%
• Attention to your vitality and personal development
• Possibility to work from home 2-3 days per week
• A well-managed pension
• Last but not least: a target-driven bonus scheme

Where you will work

For pension provider APG, pension is about people, life, and living together. With careful asset management, pension administration, communication, and advice, we work on a livable future for current and future generations. One in which we share prosperity and well-being fairly and sustainably. Now and later.