CIMD, GSAM, Private Real Estate, Asset Management, Vice President, New York

  • Competitive
  • New York, NY, USA
  • Permanent, Full time
  • Goldman Sachs USA
  • 21 Mar 19

CIMD, GSAM, Private Real Estate, Asset Management, Vice President, New York

MORE ABOUT THIS JOB INVESTMENT MANAGEMENT
We're a team of trusted advisors who provide innovative investment solutions to help our clients meet their financial goals. From private wealth to asset management, we work with specialists and groups from around the firm to help high-net-worth individuals and institutions across various industries navigate changing markets and make smart investments. We value self-starters with an entrepreneurial spirit, but still provide the support and resources to ensure your success.

Goldman Sachs Asset Management (GSAM) is one of the world's leading investment managers. GSAM provides institutional and individual investors with investment and advisory solutions, with strategies spanning asset classes, industries, and geographies. We help our clients navigate today's dynamic markets, and identify the opportunities that shape their portfolios and long-term investment goals. We extend these global capabilities to the world's leading pension plans, sovereign wealth funds, central banks, insurance companies, financial institutions, endowments, foundations, individuals and family offices.

The GSAM Private Real Estate Group (GSAM PRE) is seeking to add a Vice President to its asset management team in New York. GSAM PRE invests in commercial real estate across a range of geographies and risk profiles. The property type focus primarily includes office, industrial, retail and multifamily assets in the form of single asset purchases and portfolio acquisitions with and without operating partners. The team invests across the risk spectrum in both income-oriented and appreciation-oriented properties. We are seeking a highly motivated individual comfortable working in a team environment to asset manage a portion of GSAM PRE's portfolio.

RESPONSIBILITIES AND QUALIFICATIONS RESPONSIBILITIES AND QUALIFICATIONS

Goldman Sachs & Co. seeks a Vice President within the GSAM PRE team that invests directly in individual properties and portfolios within the office, industrial, multifamily, and retail property types throughout the US that are in the core, core-plus, and value-add risk profiles.

Primary responsibilities will include managing a portfolio of 10 to 15 assets (core to value-add risk profiles) which includes business plan preparation and presentation, developing monthly cash flow projections, monthly and/or quarterly reporting, oversight of third party service providers, marketing plan oversight, capital plan oversight, business plan execution, and ultimate disposition of real estate assets.

Responsibilities

  • Formulate and execute asset management strategies to maximize asset performance through knowledge of real estate markets and value-add strategies
  • 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 and leasing teams
  • Conduct weekly / monthly calls and asset visits, negotiate commercial leases
  • Prepare and present business plans, including financial and asset performance data
  • Establish strategic goals in conjunction with the GSAM PRE team for the asset including capital, leasing and disposition strategy
  • Support the acquisition of real estate investment opportunities through due diligence and underwriting efforts
  • Review and analyze various asset reports from third parties, including monthly PMC operating reports, accounting files, capital expense projections and monthly rent rolls
  • Lead disposition efforts of real estate assets including contract negotiation, transaction management and closing
  • Work closely with internal stakeholders such as Acquisitions, Portfolio Management, Finance, Compliance and Legal

Basic Qualifications

  • Strong academic background - 4 year finance, real estate, accounting or math background preferred
  • 5+ years of real estate experience with a focus on asset management and/or transaction experience in multiple CRE product types (office, industrial, retail, multifamily, etc.)
  • Effective management, mentoring and leadership skills
  • Solid analytical/logical mindset and attention to detail
  • Strong written and verbal communication skills (clear, concise, and confident) with the ability to manage internal and external relationships
  • Must know MS Office Excel and Argus to an advanced level
  • Self-motivated
  • Ability to work both autonomously and in a team setting
  • Able to work under tight time constraints and extended hours as required

ABOUT GOLDMAN SACHS
The Goldman Sachs Group, Inc. is a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in all major financial centers around the world.

© The Goldman Sachs Group, Inc., 2019. All rights reserved Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Vet.

ABOUT GOLDMAN SACHS The Goldman Sachs Group, Inc. is a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in all major financial centers around the world.

© The Goldman Sachs Group, Inc., 2019. All rights reserved Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Vet.