Asset Management- Associate

Morgan Stanley•Boston, MA

12d•$90,000 - $100,000

About The Position

Morgan Stanley Investment Management (“MSIM”), together with its investment advisory affiliates, has more than 1,300 investment professionals around the world and $1.7 trillion in assets under management or supervision as of December 31, 2024. MSIM strives to provide strong long-term investment performance, outstanding service, and a comprehensive suite of investment management solutions to a diverse client base, which includes governments, institutions, corporations, and individuals worldwide. Description The successful candidate will be responsible for the preservation and financial growth of an assigned portfolio of institutional grade real estate assets for a national multi-sector portfolio (primarily comprised of multifamily, industrial, and triple-net leased properties) with a current value in excess of $9 billion. The Asset Management Associate will be a member of the Eaton Vance Real Estate Investment Group (“REIG”) which is responsible for managing real property investments owned by certain funds sponsored by Eaton Vance Management (“EV”), a part of MSIM, the asset management business segment of Morgan Stanley. The position will be based in Boston, MA and the successful candidate will perform a variety of functions, including forecasting, leasing/investment analysis, budget preparation, and the completion of quarterly and ad-hoc financial reports. Collaborating closely with the Director of Asset Management and Asset Managers, the Associate will provide support to the REIG team in the monitoring and oversight of the performance of the overall portfolio. The individual will report to a Senior Asset Manager and will work closely with other functional areas of REIG and Fund Administration to ensure proper administration, control, and financial reporting of real estate investments.

Requirements

Bachelor’s degree or higher in Finance, Accounting, Business, Real Estate, or a similar field.
2 – 3 years of experience in a financial analyst role or similar professional experience within the commercial real estate industry.
Strong analytical and quantitative skills with the ability to create financial reports and analysis.
Willing to travel periodically to tour markets and properties.
Systems-oriented with proficient knowledge of Microsoft Office Suite and the ability to work with database systems.
Ability to provide thoughtful, detailed analysis.
Strong attention to detail and organizational skills with the ability work on multiple projects.
Excellent verbal, written and interpersonal communication skills and the ability to interact with a broad constituency.

Nice To Haves

Working knowledge/strength in Argus, RealPage and Excel modeling preferred.

Responsibilities

Support the monitoring and management of commercial real estate investments from initial transaction close through disposition.
Assist in the preparation of business plans, cash flow projections, monthly/quarterly reporting, and oversight of capital planning and execution of asset-level business plans.
Develop and maintain comprehensive reporting packages to assist in monitoring performance in all critical areas: revenues, expenses, lease trends, occupancy, etc.
Prepare and maintain files for each property providing information on buildings, contracts, property insurance, and other operational data.
Support group activities including research projects, new supply/competition reports, evaluation of potential dispositions, expense analysis, and budget vs. actual comparisons.
Roll up property, market, and fund-level performance, as required.
Assist with quarterly internal valuation calculations and ensure consistency in format and methodology.
Utilize asset management systems to develop analytical tools, including refining reports from researched material and/or data collected to evaluate and report on the primary characteristics of the portfolio.
Assist property tax tracking for the portfolio including assessments, litigation, and appeals.
Implement processes to improve tracking and ensure best outcomes for appeals.
Research market conditions and present to REIG to ensure the group is current on key trends.
Prepare ad hoc reports/projects for Senior Asset Managers, the Director of Asset Management and Director of REIG.
Opportunity to obtain responsibility for day-to-day oversight of property processes/performance to gain critical asset management experience.