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We are seeking an Associate to join our New York team within Real Estate.
Responsibilities:
- Support senior members of the asset management team to manage a portfolio of Real Estate Equity, Debt, Letters of Credit and LIHTC 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 and growing relationships with third parties, including operating partners, brokers and property management companies
- Prepare business plans, maintaining internal asset performance models, oversight of third-party service providers, capital plan oversight, and business plan execution
- Support execution of debt strategies to maximize value through effective loan asset management
- Develop asset strategy, including financial and asset performance data, in conjunction with AM leadership, investing personnel 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 tax credit equity and debt 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
Qualifications:
- Bachelor’s degree from a four-year college or university
- Strong academic background – finance, real estate, accounting or math background preferred
- At least 2-3 years of real estate experience
- Advanced real estate modelling skills with Excel; experience with Argus a plus
- 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 to 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
Source: Goldman Sachs Career Page
