Associate, Multifamily Asset Management – San Franscico

Tishman Speyer•San Francisco, CA

11d•Onsite

About The Position

Tishman Speyer creates vibrant destinations and dynamic environments that inspire innovation and connected communities. As a diversified developer, operator, and investment manager of top-tier real estate in 33 markets across the globe, our business choices are driven by the belief that real estate should unlock human potential. Tishman Speyer’s diversified portfolio spans market rate and affordable residential communities, premier office properties and retail spaces, industrial facilities, and mixed-use campuses. We create state-of-the-art life science centers through our Breakthrough Properties joint venture, and foster innovation through our strategic proptech investments. By combining global perspective with local expertise, and a personalized approach, we are able to anticipate our customers’ evolving needs. We were the first real estate company to introduce asset-wide amenity services through our ZO platform, and the first traditional real estate company to create its own flexible space and coworking brand, Studio. Since our founding in 1978, Tishman Speyer has acquired, developed, and operated 522 properties, totaling 218 million square feet, with a combined value of over $129 billion (U.S.). Tishman Speyer currently has approximately $68 billion in assets under management, including iconic properties such as Rockefeller Center in New York City, The Springs in Shanghai, TaunusTurm in Frankfurt, and Mission Rock in San Francisco. Asset Management focuses on asset strategy, business plan development and execution, investment performance, investment decision analysis, lease analysis, redevelopment management, and refinancing/disposition analysis within the operating portfolio. The associate will be involved with quantitative financial modeling, asset performance analysis, developing business plans, and reporting for our multifamily portfolio. The role supports the Residential Asset Management team and will collaborate in a dynamic team environment and interact with teams across our core functions, including, but not limited to: portfolio management, acquisitions, development, capital markets, property management, corporate strategy, innovation, design and construction, and leasing.

Requirements

3-5 years of experience in an analytically rigorous Real Estate or Finance environment
Evident passion for real estate and desire to build a career on the principal side
Strong financial acumen, including experience analyzing property financial statements
Strong creative problem-solving skills
Effective written and oral communication skills
Proficient in Excel, ARGUS Enterprise, and financial modeling
The ability to work effectively with both peers and senior executives in a highly entrepreneurial, team-oriented environment
Unwavering attention to detail
Willingness to travel to assets as needed

Responsibilities

Provide analytical support to assist with the asset management function of existing properties, including quarterly valuations, cash management, hold/sell analyses, and other ad hoc sensitivity analyses
Complete market research – through third-party data providers and communication with local brokers – to compile relevant lease comparable, sale comparable, competitive sets, development pipelines, and general market data
Prepare presentation materials and proposals with responsibility for written and graphic requirements
Annual budgeting and reforecasting in coordination with property management, design & construction, leasing and accounting teams.
Execute on or establish an asset’s business plan; coordinate with investment partners and participate in meetings with internal teams as well third-party consultants, such as architects, engineers, and marketing agencies, in furtherance of the asset’s business plan.
Managing refinancing and disposition activities, as they arise.
Analyze and manage tracking of various ongoing capital projects in coordination with design & construction teams and property management.
Provide monthly investment reporting, including evaluating operational performance, identifying key risks, tracking business plan execution, and providing asset-level commentary.
Support the team with lender reporting responsibilities, including coordination of reporting requirements and maintaining compliance with debt covenants.