Nuveen Investments Associate, Retail Asset Management- Nuveen Real Estate in Charlotte, North Carolina
Associate, Asset Management
The Associate, Retail Asset Management position is responsible for maximizing the value of the organization's retail real estate portfolio through the execution of managing, leasing, development, and dispositions of diversified, domestic real estate investments primarily in the mall sector. Working under general supervision, this job seeks to achieve superior returns on real estate assets through active management and leasing while operating in a highly collaborative environment.Â The position will report to an Asset Management Director on the US Retail Sector Team.Â Â
Key Responsibilities and Duties
â¢ Oversee the financial, operational, leasing and capital matters for a retail portfolio (primarily held in Joint Ventures with prominent operating partners).
â¢ Engage with Portfolio Management to execute fund mandates including developing hold/sell analyses and executing corresponding strategy.
â¢ Participate in the timely production of reports that keep Senior Management and Corporate Governance apprised of changes in property fundamentals and competitive positioning.
â¢ Prepare and/or review annual asset business plans, operating budgets and capital budgets as well as monitor actual performance against approved budgets.
â¢ Produce annual sell/hold assessments and assist in presenting recommendations to Portfolio Management and third party investors.
â¢ Coordinate, on a quarterly basis, with internal and third party appraisers.
â¢ Evaluate investments based on discounted cash flows and return on cost.Â
â¢ Maintain knowledge of fund investment strategies and work with the retail team in the execution of investment strategies.
â¢ Present property activities and financial results to investors on a regular basis and execute associated approval process for major decisions.
2 Years Required; 3 Years Preferred
University (Degree), Preferred
- Physical Requirements: Sedentary Work
- University (Degree)
- 2 years of commercial real estate experience
Undergraduate degree (BS/BA) with emphasis in Real Estate or Finance.
3 years of commercial real estate experience with exposure to retail real estate.
Fundamental understanding of commercial real estate operations, leasing, finance, and accounting.
Strong written and verbal presentation skills.
Software skills: Argus Enterprise and Microsoft applications including Excel, Word and PowerPoint.
Potential Salary: $110,000.00 USD
Actual base salary may vary based upon, but not limited to, relevant experience, time in role, base salary of internal peers, prior performance, business sector, and geographic location.Â In addition to base salary, the competitive compensation package may include, depending on the role, participation in an incentive program linked to performance (for example, annual discretionary incentive programs, non-annual sales incentive plans, or other non-annual incentive plans).Â
Nuveen, the investment manager of TIAA, offers a comprehensive range of outcome-focused investment solutions designed to secure the long-term financial goals of institutional and individual investors. Its affiliates offer deep expertise across a comprehensive range of traditional and alternative investments through a wide array of vehicles and customized strategies.Â For more information about the firm please visit our website atÂ www.Nuveen.com
Benefits and Total Rewards
The organization is committed to making financial well-being possible for its clients, and is equally committed to the well-being of our associates. Thatâs why we offer a comprehensive Total Rewards package designed to make a positive difference in the lives of our associates and their loved ones. Our benefits include a superior retirement program and highly competitive health, wellness and work life offerings that can help you achieve and maintain your best possible physical, emotional and financial well-being. To learn more about your benefits, please review our Benefits Summary (https://www.tiaa.org/public/pdf/benefits-at-a-glance.pdf) .
We are an Equal Opportunity/Affirmative Action Employer. We consider all qualified applicants for employment regardless of age, race, color, national origin, sex, religion, veteran status, disability, sexual orientation, gender identity, or any other protected status.
Read more about the Equal Opportunity Law here (https://www.dol.gov/general/topics/posters) .
TIAA offers support for those who need assistance with our online application process to provide an equal employment opportunity to all job seekers, including individuals with disabilities.Â
If you are a U.S. applicant and desire a reasonable accommodation to complete a job application please use one of the below options to contact our accessibility support team:Â
Phone: (800) 842-2755
For residents of California, please click here (https://www.tiaa.org/public/tiaa-nuveen-ca-privacy) to access the TIAA CA Applicant Privacy Notice.
For residents of the EU / UK, please click here (https://www.tiaa.org/public/nuveen-eu-uk-privacy) to access the EU / UK Pre-employment Notice.
For all other residents, click here (http://www.tiaa.org/public/tiaa-nuveen-privacy) to access the Applicant Privacy Notice.
TIAA started out over 100 years ago to help ensure teachers could retire with dignity. Today, many people who work at not-for-profits rely on our wide range of financial products and services to support and strengthen their financial well-being.