TIAA Sr. Associate, Healthcare Asset Management- Nuveen Real Estate in New York, New York
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. For more information about the firm please visit our website at www.Nuveen.com
Sr Associate, Asset Management
The Associate, Real Estate Asset Management job is responsible for maximizing the value of the organization's real estate portfolio through the execution of managing, leasing, development, and dispositions of diversified, domestic real estate investments. Working independently under limited supervision, this job seeks to achieve superior returns on real estate assets through active management and leasing while operating in a highly collaborative environment.
Key Responsibilities and Duties
Manages a portfolio of real estate assets with a focus on housing in the value add space.
Negotiates property management, leasing and construction contracts.
Analyzes the investment strategies for a significant portfolio of real estate investments, usually covering more than one region or geographical market.
Reviews the financial analysis/modeling of current and projected performance of property investments to report to senior management.
Maintains familiarity with current issues impacting the real estate management business.
Possesses significant knowledge of current real estate market conditions for submarkets in which assets are located.
2 Years Required; 3 Years Preferred
University (Degree), Preferred
- Physical Requirements: Sedentary Work
The Nuveen Alternative Healthcare team is responsible for overseeing the financial, operational, leasing and construction/redevelopment of Nuveen’s healthcare portfolio which encompasses medical office, senior housing, and life science. This role will focus on medical office and senior housing asset management. The asset manager will work closely with Portfolio Management to execute fund mandates, including budget analyses, monitoring in-place debt and developing hold/sell analyses. Investments are primarily made through joint ventures and will require the candidate to have a proficient understanding of venture terms and responsibilities. The position will require the candidate to regularly meet with operating partners to discuss investment performance and strategy.
The position will take a lead role in managing real estate across multiple funds, risk-profiles and asset types. Applicants should have relevant institutional asset management experience and a good understanding of healthcare real estate and broader commercial real estate. The ideal candidate has demonstrated knowledge of real estate fundamentals and can develop and implement strategies that will maximize the financial performance and value of the portfolio assigned assets. Additionally, the candidate should be highly adaptable to a changing investment landscape, demonstrate the ability to think creatively to add value, be detail oriented and have a mindset for outperformance.
Create and implement, in partnership with Nuveen’s operating partners, strategic one, three and five year business plans for each asset. Continuously monitor execution of the asset’s short and long term business plans.
Oversee financial, operational, leasing and capital matters for the medical office and senior housing portfolio.
In addition to financial aspects, the asset manager is responsible for the implementation of ESG, technology and other broader Nuveen initiatives.
Regularly engage with joint venture partners to ensure Nuveen’s interests and performance in investments is maximized
Prepare and review annual business plans, operating budgets, capital budgets, as well as monitor actual performance against these budgets through the year.
Present property activities and financial results to third party investors and Portfolio Management on a regular basis.
Participate in the underwriting of new investment opportunities and support the Alternative Healthcare team’s growth initiatives.
Understand and stay up-to-date on market dynamics and trends and see the input of research and other professionals in analytic activities.
Help access under-represented emerging markets and develop relationships with potential local partners.
Bachelor's degree (BA/BS) from a four-year college or university in a relevant field of study.
Real estate asset management and/or transaction related experience, including soliciting, analyzing, negotiating, financing and acquiring commercial real estate.
Possess strong knowledge of commercial real estate fundamentals, terminology, economics, finance, valuation and financing.
Self-motivated with strong analytical and quantitative skills.
Excellent written and verbal communications skills.
Collaborative with a proven ability to interact effectively with other functions and team leaders.
Proficiency in Microsoft Excel, Argus, and Yardi.
Exceptional organizational skills with attention to detail.
Ideal experience of at least 5 years in asset management and 7+ in commercial real estate, with a focus on medical office, life science and/or senior housing.
Travel requires (5-15%)
Minimum Pay: $93,100.00
The organization is committed to making financial well-being possible for its clients, and is equally committed to the well-being of our associates. That’s 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.
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:
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.