Asset & Wealth Management, Urban Investment Group - Real Estate Asset Management, Associate

Goldman Sachs • Dallas, TX

290d

About The Position

Goldman Sachs Bank USA seeks an Associate in Dallas, TX to join the Urban Investment Group (UIG) Asset & Wealth Management team within Real Estate. Established in 2001, the Urban Investment Group (UIG) within Goldman Sachs Asset & Wealth Management makes tax credit equity investments, real estate investments and loans, and provides senior loan facilities in order to empower underserved communities and enable long-term equitable growth. UIG manages the investing and lending strategies for GS Bank USA's Community Reinvestment Act requirements and the firm's investments in Opportunity Zones, and is a significant contributor to the firm's One Million Black Women and 10,000 Small Businesses initiatives. Real estate investments range from opportunistic ground-up development to core plus acquisitions of affordable and workforce housing portfolios. UIG has committed $21 billion to create access to affordable housing, healthcare, education, and capital for low-income people and small businesses.

Requirements

• Bachelor's degree from a four-year college or university.
• Minimum 3+ years of equity asset management and transaction experience, with asset management experience across multiple real estate product types.
• Solid real estate modeling skills with Advanced Excel skills; experience with Argus a plus.
• Strong academic background - finance, real estate, accounting or math background preferred.
• Analytical / logical mindset and high attention to detail.
• Strong written and verbal communication skills with the ability to present strategies and business decisions clearly and concisely, manage internal and external relationships.
• Ability to work in a fast-paced, challenging environment; ability to prioritize.
• Self-motivated with ability to work both autonomously and in a team setting.
• Passion for helping solve entrenched challenges facing underserved communities.
• Desire to create positive change through double-bottom-line investments in real estate impact investing.
• Interest in working collaboratively with the public sector, spanning municipal, state, and federal government, and navigating any resulting complexities.

Responsibilities

• Support senior members of the asset management team to manage a portfolio of equity investments that finance real estate developments including mixed-income and affordable housing, retail, office, industrial and charter school facilities.
• Support senior members of the team in operating, maximizing value and reporting on assets.
• Key responsibilities include internal asset valuation modeling, business plan preparation and execution, developing monthly cash flow projections, supporting leasing strategy, collecting financials and reviewing budgets, preparing monthly and/or quarterly reporting, and working with third parties, including operating partners, brokers and property management companies.
• Build and manage relationships with external operating partners and internal counterparts across GS's real investing and asset management platform.
• Develop asset strategy, including financial and asset performance data, in conjunction with AM leadership, investing nel and operating partners.
• Support execution of asset strategies to maximize value through market / product knowledge and value-add strategies.
• Lead asset disposition efforts including: contract negotiation, writing investment committee memorandums, presenting to investment committee, finalizing disposition models, calculating waterfall returns, transaction management and closing.
• Drive exits and compliance/covenants monitoring on equity transactions.
• Research/evaluate market trends, rental rates and occupancy trends to update investment assumptions within models.
• Conduct in-depth market and portfolio analyses; understand industry trends.
• Engage and provide oversight of third parties which perform the day-to-day operations of the assets, including, but not limited to operating partners and property management companies; conduct weekly / monthly calls and asset visits.
• Work closely with internal stakeholders such as Finance, Compliance and Legal.
• Maintain performance reports for internal tracking and reporting.

What This Job Offers

• Career Level: Mid Level
• Industry: Securities, Commodity Contracts, and Other Financial Investments and Related Activities
• Education Level: Bachelor's degree