Real Estate Portfolio Manager

The Alaska Permanent Fund Corporation (APFC) seeks a Portfolio Manager to join its Real Estate team. The position has meaningful responsibility for assigned investments or portions of the portfolio, including identifying opportunities, conducting due diligence, monitoring performance, and recommending changes or dispositions.

As part of a small, collaborative team that values integrity, stewardship, and passion, the Portfolio Manager works closely with senior investment staff, investment partners, consultants, and advisors to implement investment strategies and support APFC’s long-term investment objectives.

• Strong commitment to APFC’s mission, vision, and values of integrity, stewardship, and passion
• Unquestionable personal and professional integrity
• Intellectual curiosity, strong analytical abilities, excellent judgment, and attention to detail
• Self-motivation and a strong work ethic
• Strong written, verbal, and interpersonal communication skills
• Ability to effectively manage multiple priorities in a dynamic investment environment
• Ability to collaborate effectively within a small and highly professional team environment

• Evaluates prospective real estate investments across various investment structures, including equity investments, joint ventures, separately managed accounts, private funds, and debt investments
• Develops and maintains financial models to evaluate projected investment performance, risks, and return scenarios
• Conducts market, industry, economic, and competitive analyses and evaluates investment structures, financing arrangements, capital plans, operating assumptions, and exit strategies
• Prepares investment recommendations, presentations, and supporting materials for management, the Investment Committee, and the Board of Trustees
• Participates in and coordinates investment due diligence, including review of property-level financial information, market studies, legal documentation, partnership agreements, and investment reporting
• Coordinates with legal counsel, consultants, lenders, and other advisors; assists with negotiation of investment terms, governance provisions, and transaction structures; and supports acquisition, disposition, financing, and restructuring activities
• Monitors existing investments and evaluates performance relative to underwriting assumptions, benchmarks, and portfolio objectives
• Reviews reports from investment managers, operating partners, and third-party advisors and analyzes property operations, leasing, development, capital projects, financing activities, and market conditions
• Identifies risks, opportunities, and value-enhancement initiatives and maintains productive relationships with investment partners, consultants, and service providers
• Maintains portfolio-level investment models and performance tracking systems and prepares quarterly, annual, and ad hoc portfolio reports
• Supports strategic planning, portfolio reviews, and asset allocation analyses and prepares written analyses and recommendations regarding portfolio performance, investment opportunities, and market conditions
• Maintains organized records and documentation supporting investment decisions and portfolio oversight activities
• Leverages third-party data, research, and analytics platforms, such as market, benchmarking, valuation, and economic data providers, to inform investment analysis, underwriting, and portfolio monitoring
• Collaborates with senior investment staff, analysts, consultants, and external advisors; assists in training and mentoring analysts and junior investment professionals; and supports process improvements and a collaborative, high-performing team culture

• Bachelor's degree in finance, real estate, economics, business, accounting, or a related field.
• Seven years of progressively responsible investment experience, including at least three years performing portfolio management responsibilities involving institutional or commercial real estate investments.
• Demonstrated experience evaluating, underwriting, and monitoring real estate investments and developing investment recommendations.
• Experience in portfolio or asset management, investment due diligence, financial analysis, and investment manager or partner oversight.
• Experience evaluating and executing real estate acquisitions, dispositions, and other investment transactions.
• Experience with separate accounts, commingled funds, joint ventures, co-investments, or real estate debt investments.
• Demonstrated…