Director, Multifamily Asset Management

Tishman Speyer•New York City, NY

18d•$160,000 - $200,000

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 576 properties, totaling 233 million square feet, with a combined value of over $131 billion (U.S.). Tishman Speyer currently has approximately $65 billion in assets under management, including iconic properties such as New York City's Rockefeller Center, São Paulo's Torre Norte, The Springs in Shanghai, Paris Bourse in Paris and Frankfurt’s OpernTurm and TaunusTurm. Summary of the Position: Asset Management focuses on asset strategy, business plan development and execution, investment performance, investment decision analysis, lease analysis, a redevelopment management within the operating portfolio. The Director will be involved with quantitative financial modelling, asset performance analysis, and reporting for the multifamily real estate portfolio. The role will also interact with senior management and departments across the company.

Requirements

6+ years of experience in an analytically rigorous Real Estate or Finance environment
Experience with financial modelling
Proficient in Excel, Word and PowerPoint
Must have strong verbal and written communications skills
Proven ability to think strategically and navigate ambiguity
Self-starter with an entrepreneurial mindset
Creative problem solver
Demonstrated record of working collaboratively
Ability to multi-task across different functions and manage multiple projects
Ability to prioritize and respond well to changing circumstances and deadlines
Knowledge of real estate investment market

Responsibilities

Think strategically and broadly about multifamily assets, looking deeply at the buildings through a traditional asset management lens but also think creatively about ways to maintain a competitive advantage for the long-term
Prepare and maintain residential asset management model for each asset
Conduct physical inspections of each property in assigned portfolio to develop a thorough understanding of each property and its challenges, assess implementation of strategic initiatives, assess operational and management performance, and identify opportunities for improvement and communicate those opportunities to internal stakeholders
Closely collaborate with operating partner to work through challenges and communicate concerns as well as provide recommendations to internal and external stakeholders
Take active role in creation of annual operating and capital budgets. Collaborate with teams and impart property and market knowledge to create comprehensive budgets that meet targeted investment strategies and objectives
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
Maintain market expertise through on-site visits, in-depth analysis of industry trends and economic drivers then collaborate with internal stakeholder and operating partner to implement adjustments to property strategy to account for market shifts
Assist in refinancing, acquisition, and disposition activities, as they arise
Support acquisition and development activities, as they arise
Draft lender/investor communication for approval
Gather lender, investor, and/or appraisal information, as requested
Prepare ad hoc analysis for investor(s) and/or internal stakeholders as requested