TIAA Director, Housing Transactions- Nuveen Real Estate in Newport Beach, California
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
Real Estate Acquisitions
The Real Estate Acquisitions job manages the acquisitions of TIAA's real estate portfolio and provides support for its strategic relationships. Working under minimal supervision, this job is responsible for executing on new real estate and property investment opportunities, strategic partnerships, and acquisitions.
Key Responsibilities and Duties
Coordinates the compliance of all requirements for the closing and funding of real estate acquisition and development transactions.
Reviews underwriting and analyzes market research of potential real estate investment opportunities that support the company’s real estate investment and financial objectives.
Sources new real estate acquisition opportunities and tracks active deals in the market.
Maintains external relationships with key market participants, investment sales, leasing brokers, and lenders.
Investigates increased efficiencies in the budgeting and operations of real estate and property assets.
Monitors the due diligence process for asset acquisition and property development opportunities.
3 Years Required; 5 Years Preferred
University (Degree), Preferred
- Physical Requirements: Sedentary Work
- University (Degree)
Additional Responsibilities and Duties:
Evaluates investments and investment returns based on discounted cash flows, return on cost, development spreads and third-party leverage; analysis also to include impact of value-added opportunities, leverage, tax, and joint venture structures.
Lead the disposition process of housing investments across certain markets, including securing internal approvals and negotiation of key deal-related documentation.
Maintains complete and current knowledge of investment strategies and works with Head of Multifamily Acquisitions & Dispositions in the execution of investment strategy.
Collaborates with analyst and associate staff to prepare and oversee all investment authorizations and assures that all financial, market and risk analysis is correct and accurate.
Oversees (or undertakes directly) the coordination and compliance with all requirements for closing and funding of transactions.
Act as a resource to junior members of the team and provide mentoring support and guidance as a means of demonstrating leadership awareness.
Regularly travel to various markets for purposes of deal sourcing, evaluation, relationship building and obtaining market information.
- 3+ years of multifamily transaction experience
5+ years of multifamily transaction experience
Demonstrable track record of transaction activity, preferably within the housing sector.
Advanced analytical/reasoning skills to analyze disparate information flows based on market specific practice into a meaningful, relative-value basis.
Advanced reasoning skills to effectively and timely identify viable investment opportunities which meet the long and short-term goals of multiple investor clients.
Experienced and proficient in Excel.
Potential Salary: $145,500.00 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. 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).
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) .
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Read more about the Equal Opportunity Law here (https://www.dol.gov/general/topics/posters) .
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