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Goldman Sachs Asset Management Real Estate seeks a Vice President within our Housing Vertical (Multifamily, Student Housing, Senior Housing, Hospitality) Asset Management with 7-10 years of direct asset management experience with strong communication skills and work ethic, with the ability to collaborate with an internal team of professional and external business partners. Candidates with diverse product experience preferred, as the role may also involve managing assets within the Commercial and Industrial space.
Key Responsibilities:
- Formulate and execute asset management strategies to maximize asset performance through knowledge of real estate markets and value-add strategies
- Lead the annual development and execution of business plans by directly managing property management, leasing, accounting, legal, appraisal, tax, and research teams, along with external consultants.
- Develop expertise in the portfolio’s geographic markets, focusing on competitive properties, supply forecasts, institutional transactions, and regional economic factors influencing asset values
- Support prospective acquisitions, including assessing financial projections and operational plans.
- Review and analyze various asset reports from third parties, including monthly PMC operating reports, accounting files, CapEx projections and monthly Rent Rolls
- Lead disposition efforts of real estate assets including contract negotiation, transaction management and closing
- Engage and provide oversight of third parties (joint venture partners and service providers), 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, negotiate commercial leases
- Establish strategic goals for the asset including leasing and disposition strategy
Desired Skills and Qualifications:
- Bachelor’s degree – Finance, Economics and/or Real Estate preferred
- 7-10 years of directly relevant work experience in a real estate asset management capacity, preferably at a top-tier investment management, private-equity, advisory firm or real estate operator
- Working relationships within real estate industry (i.e. brokers, operators, developers)
- Motivated and collaborative individual who can be successful working as part of a cross-functional team with a results-oriented mindset
- Effectively manage and develop junior resources
- Strong qualitative, problem-solving skills, oral and written communication skills
- Ability to work multiple capital sources; prioritize, balance and execute projects
- Flexibility and adaptability to various changing market dynamics and investing mandates
- Travel an average of 20-30% annually to cover assigned markets, meet with partners, brokers, and teams. Manage property teams through regular site visits and market tours.
Source: Goldman Sachs Career Page
