Associate, Asset Management & Investments

GO BEYOND THE IVY Our business is a team sport built on creating and delivering memorable experiences around Cubs baseball and other live events. Chicago Cubs | Marquee 360 | Marquee Development | Marquee Ventures Each brand stands as unique as the teams that drive them. We welcome you to learn more about us.

JOB TITLE:

Associate, Asset Management & Investments

DEPARTMENT:
Marquee Development

ORGANIZATION:
Marquee Development

REPORTS TO:

SVP of Asset Management and Investments

LOCATION:

Chicago, IL

FLSA STATUS:
Exempt

COMPENSATION: $110,000 - $130,000 base salary USD and eligible for discretionary bonus plan

BEING PART OF THE TEAM Our business is a team sport that began on a field with baseballs and bats and has evolved into one of the most recognizable brands in sports and entertainment through Cubs baseball and live events. Our success is driven by our people, who work to create and inspire change in an engaging, collaborative and inclusive environment.

As a team, we continue to build a culture on and off the field that delivers unforgettable experiences for one another, our fans and community. In support of that effort, we expect associates to work primarily in our office. Are you ready to be part of it?

OUR STORY MARQUEE DEVELOPMENT is a full-service real estate firm that specializes in mixed-use sports and entertainment districts. We strategically manage every aspect of a sports-adjacent mixed-use development with a best-in-class ability to curate the experience for a team, fans and community. By bringing a sports-operational mindset to traditional real estate development, we focus on the critical integration of team operations and real estate to ensure the experience amplifies the brand of the district, while complementing and protecting the team brand to maximize long-term franchise value.

HOW YOU’LL CONTRIBUTE:
Associate of Asset Management and Investments will support underwriting, financial modeling, fund management and analytics, research, investment committee materials, and technology-enabled workflow development. The individual will work closely with the Associate Director of Investments and the SVP of Asset Management and Investments to evaluate development opportunities, maintain project and fund models, support asset management, prepare investment and capital committee materials, support RFPs, and analyze portfolio and market information.

The associate will combine real estate investment judgment with strong analytical, data, and technology capabilities. The individual will also identify opportunities to automate and standardize underwriting, research, reporting, and investment processes without compromising accuracy, confidentiality, or professional judgment. The position will report to the SVP of Asset Management and Investments.

THE DAY-TO-DAY:
Investment Underwriting and Financial Modeling Develop and maintain financial models for mixed-use developments, joint ventures, financings, recapitalizations, and dispositions. Analyze project- and fund-level returns, including IRR, equity multiple, cash-on-cash return, development yield, and return on cost. Underwrite projects involving retail, hospitality, residential, office, entertainment, parking, infrastructure, and sports-adjacent uses. Model lease-up, operating projections, capital structures, financing terms, and exit scenarios.

Perform sensitivity analyses, downside cases, and stress testing. Review third-party models, appraisals, market studies, operating forecasts, and development budgets. Identify unsupported assumptions, inconsistencies, risks, and gaps within investment analyses. Maintain high standards for model accuracy, transparency, documentation, and auditability. Develop and maintain waterfall analyses that model promote structures, preferred returns, catch-up provisions, and sponsor and investor distributions across a range of performance scenarios.

Fund and Portfolio Analytics Support the development and maintenance of the fund model. Model capital deployment, investment pacing, management fees, expenses, cash flows, distributions, financing activity, and investor returns. Evaluate investment concentration, diversification, liquidity, risk, and contribution to overall fund returns. Prepare portfolio analyses covering deployment, realized and unrealized performance, remaining commitments, valuations, and projected exits. Maintain consistency between project underwriting, asset management forecasts, and the consolidated fund model.

Develop…