TIAA Sr. Associate, Healthcare Asset Management- Nuveen Real Estate in Washington, District Of Columbia
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
Additional Responsibilities and Duties:
Create and implement, in partnership with Nuveen’s operating partners, strategic one, three and five year business plans for each healthcare 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.
- 2 years of commercial real estate asset management experience
5-7 years in commercial real estate asset management with a focus on medical office, life science and/or senior housing.
Bachelor's degree (BA/BS) from a four-year college or university in a relevant field of study.
Possess strong knowledge of commercial real estate fundamentals, terminology, economics, finance, valuation and financing.
Proficiency in Microsoft Excel, Argus, and Yardi.
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) .
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