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Goldman Sachs, Multifamily Real Estate Asset Manager, Associate- Dallas

Salary
Competitive
Employment
Full Time
Real Estate Field
  • Asset / Portfolio Management
Location
Dallas
 TX
Postal Code
75201
Country
United States

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Description


The Merchant Banking Division Real Estate team based in Dallas, TX seeks an Associate to join it's Multifamily platform. The Real Estate team supports real estate investing across multiple product types across the US. This includes sourcing, underwriting and due diligence, acquisitions, asset management, construction and development oversight, financing, and dispositions for the firm's real estate investments.

RESPONSIBILITIES AND QUALIFICATIONS
Responsibilities:

  • Manage a portfolio of 10-16 multifamily assets, which includes business plan preparation and presentation, maintaining internal asset valuation models, weekly/monthly/quarterly reporting, oversight of third party service providers, capital plan oversight, business plan execution and disposition of assets
  • 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 coordination
  • In coordination with the construction group and development partners, closely track assets under construction understanding construction timelines and budget fluctuations. Participate in unit and amenity design review meetings, upgrade decisions, floor plan review, branding and marketing strategy, unit pricing and lease-up budget review
  • Lead weekly/bi-weekly leasing calls with PMC and operating partners
  • Conduct in depth market and submarket review of market and industry trends to help formulate asset strategy
  • Development and presentation of investment recommendation summaries for senior management approval
  • Interface with intermediaries, PMCs and operating partners to collect and evaluate asset and portfolio level financial information
  • Interface with external parties including: operating partners, PMCs, brokers, attorneys and other third party vendors. Interface with internal stakeholders including: legal, accounting and compliance
  • Maintain weekly performance reports for internal tracking and reporting communication with the New York office
  • Build and maintain relationships with brokers, real estate developers, and other industry contacts

Preferred Qualifications:

  • Strong academic background - finance, real estate, accounting or math background preferred
  • Should have a minimum of three years of real estate experience (multifamily preferred) with asset management and transaction experience
  • 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 have advanced level MS Office Excel experience, as well as experience and advanced knowledge of other Microsoft Suite applications including PowerPoint and Word
  • Self-motivated
  • Ability to work both autonomously and in a team setting
  • Ability to mentor younger members of the team
  • Able to work under tight time constraints and extended hours as required

Job Function


  • Asset Management
 

Job Sector


Not specified

 

Experience


5+ to 7 years


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