Job Description
STRS Ohio, STRS
STRS Ohio is seeking a Real Estate Officer in Atlanta, Georgia to join the Investment/Real Estate (South Region) team. Nearly two-thirds of STRS Ohio’s investment assets are managed internally by more than 100 Investment Department professionals.
Established in 1920 and serving Ohio’s educators, STRS Ohio is one of the nation’s largest retirement systems, serving over 500,000 active, inactive, and retired public-school teachers, and university faculty members, managing approximately $96.9 billion as of June 30, 2024, in assets and paying more than $7 billion in benefits annually.
STRS Ohio provides a competitive pay, and a comprehensive benefits package including on-site parking, educational assistance, subsidized medical insurance, fully paid dental and life insurance, vacation and sick leave, retirement benefits and on-site fitness center. At STRS Ohio, you can experience rewarding work in a professional, business casual work environment. We welcome, celebrate, and promote respect for everyone. We are continually seeking bright and talented individuals to join our team.
Compensation:
Competitive Pay
Work Schedule:
8:00am-5:00pm Monday through Friday (Onsite)
General Summary:
Under the direction of a real estate regional director and with guidance from an assigned real estate portfolio leader responsible for managing a portfolio of real estate properties, make new investment recommendations based upon analysis of real estate proposals and manage a portfolio of real estate properties.
Summary of Responsibilities:
- Analyze real estate proposals to determine their suitability for investment. Primary emphasis is on financial analysis including lease-by-lease analysis, partnership modeling and analysis of leverage. Other duties may include evaluation of the developer, the specific site, area demographics and economic conditions.
- Manage a portfolio of real estate properties, including equity properties and joint venture partnerships, to meet the long-term performance objectives of the total fund.
- Assist the asset management directors with lease negotiation, financial modeling, and other ad hoc analysis.
- Establish operating goals and budgets for equity properties and monitor performance through monthly operating and financial statements, lease reviews and conduct periodic site inspections.
- Develop real estate market knowledge for assigned geographical areas including market leasing and the potential for real estate investment.
The above list of duties is intended to describe the general nature and level of work performed by persons assigned to this classification. It is not to be construed as an exhaustive list of duties performed by the persons so classified, nor is it intended to limit or modify the right of any supervisor to assign, direct and control the work of associates under supervision.
Summary of Qualifications:
- Bachelor's degree in business administration, economics, finance, or related field required.
- Three to five years’ relevant real estate experience preferred.
- Proficiency in the use of Microsoft Excel and knowledge of Argus Enterprise real estate analysis software preferred.
- Ability to understand the financial structure and terms of real estate investments through the analysis of joint venture agreements, operating statements, balance sheets, budgets and closing documents required.
- Comprehensive knowledge of commercial leases required.
- Excellent analytical skills required.
Equal Employment Opportunity Employer Statement
State Teachers Retirement System of Ohio (STRS) is an Equal Employment Opportunity Employer and prohibits discrimination and harassment of applicants or employees on the basis of race, color, religion, gender, gender identity or expression, national origin (ancestry), military status, disability, age, genetic information, sexual orientation, or caregiver status, in making employment-related decisions about an individual.
ADA Statement
STRS Ohio is committed to ensuring access, inclusion, and reasonable accommodations across all its services, activities, programs, and employment opportunities in accordance with the Americans with Disabilities Act (ADA) and other applicable laws.