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Portfolio Strategy Analyst

Description

Last Mile Investments (“LMI”) is seeking a Portfolio Strategy Analyst to support firmwide portfolio strategy, fund-level analysis, and investor-facing initiatives. LMI is a vertically integrated real estate investment manager focused on acquiring, operating, and scaling necessity-based, service-oriented retail assets across high-growth U.S. markets.

The Portfolio Strategy Analyst is a cross-functional role supporting both Portfolio Management and Investment Management, with responsibilities spanning asset-level performance analysis, oversight of business plan execution, portfolio strategy, investor account management, and investor communications. While the position will be based in Cincinnati to align with the firm’s portfolio analytics and asset-level data workflows, the analyst will work closely with senior leadership multiple cross-functional departments, including senior leadership.

A core component of this role is evaluating the execution of asset-level business plans across the existing portfolio and helping identify opportunities to maximize returns on owned assets, including through leasing strategy, capital allocation, refinancing analysis, and other value-creation initiatives. This position is designed for analytically strong candidates—particularly those with backgrounds in investment sales or principal-side real estate—seeking broader exposure to portfolio strategy, realized performance, and capital formation within a growing investment platform.

Key Responsibilities

Maintain and update asset-, deal-, and fund-level financial models, including portfolio return tracking and internal IRR mapping tools

Evaluate execution of asset-level business plans across the portfolio, identifying gaps between underwriting assumptions and realized performance, and supporting initiatives to maximize returns on owned assets

Monitor portfolio performance and prepare analysis related to NOI, leasing activity, and business plan execution

Support leasing and asset management teams through analytical tools such as NER/NEV templates, vacancy factor analysis, and lease-level modeling to inform capital and leasing decisions

Analyze refinancing opportunities, early dispositions, and other portfolio-level capital and return enhancement strategies

Assist with quarterly valuation processes, including internal analytics, Spot NOI analysis, and coordination with third-party valuation firms

Prepare and support semi-annual operating budgets and periodic reforecast models

Support investor account management across funds and separately managed accounts through performance analytics, reporting support, and ad hoc analysis

Support investor expansion and fundraising efforts through research, benchmarking, and analytical support

Prepare investor communications, case studies, and presentation materials for investment committee and investor use

Assist with research initiatives and special projects, often of a confidential, complex, and/or time-sensitive nature

Other responsibilities as assigned

Skills, Knowledge and Expertise

Bachelor’s degree in Finance, Economics, Accounting, or a related field

2–5 years of relevant experience in finance, real estate, private equity, investment banking, or investment sales

Strong financial modeling and analytical skills; advanced Excel and Argus Enterprise proficiency required

Demonstrated understanding of real estate financial statements and investment performance metrics

Strong organizational skills with a high attention to detail and data integrity

Ability to manage multiple priorities and operate independently with minimal daily supervision

Strong written and verbal communication skills

Experience in real estate investment, asset management, or portfolio analytics preferred

Benefits

About Last Mile

About Last Mile Investments

Last Mile Investments is a partnership between North American Properties and the Last Mile Investments management team and is a real estate investment management platform providing real estate management and leasing services for a diverse group of real estate vehicles. The focus within our existing managed funds is on multi-tenant neighborhood centers with the following characteristics: i) assets located in highly convenient locations near the consumers home, work, or other stable traffic drivers; ii) assets leased to primarily internet and Amazon resistant retailers; and iii) assets that have been undermanaged/undercapitalized with value-add opportunities. This particular strategy takes advantage of the structural trends in the retail landscape and offers a tremendous opportunity for investors in a yet unseen asset class.

About North American Properties
What makes a place great? North American Properties believes that it all comes down to connections—people to each other; cities to their souls; partners to opportunities; and individuals to experiences that move them.

We believe that by fulfilling people’s desire for connectedness, we’re creating happier places and experiences that, in turn, become more successful environments, more vibrant communities, and ultimately, a better world. Since 1954, we’ve balanced a well-capitalized approach and a keen focus on successful execution with a willingness to question conventional wisdom, reimagining and expanding the possibilities for more than $7 billion of assets across the US.

Whether developing multifamily, mixed-use, office, student housing, hotel, or retail environments, we’re driven to deliver more valuable, meaningful real estate that transforms, inspires, delights, and succeeds by connecting us all with what matters most.

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