Associate, Retail Asset Management- Nuveen Real Estate

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Job description

Associate, Asset Management

The Associate, Retail Asset Management position is responsible for maximizing the value of the organization's retail real estate portfolio through the execution of managing, leasing, development, and dispositions of diversified, domestic real estate investments primarily in large format retail. Working under general supervision, this job seeks to achieve superior returns on real estate assets through active management and leasing while operating in a highly collaborative environment. The position will report to an Asset Management Director on the US Retail Sector Team.

Key Responsibilities and Duties

• Oversee the financial, operational, leasing and capital matters for a retail portfolio (primarily held in Joint Ventures with prominent operating partners).
• Engage with Portfolio Management to execute fund mandates including developing hold/sell analyses and executing corresponding strategy.
• Participate in the timely production of reports that keep Senior Management and Corporate Governance apprised of changes in property fundamentals and competitive positioning.
• Prepare and/or review annual asset business plans, operating budgets and capital budgets as well as monitor actual performance against approved budgets.
• Produce annual sell/hold assessments and assist in presenting recommendations to Portfolio Management and third party investors.
• Coordinate, on a quarterly basis, with internal and third party appraisers.
• Evaluate investments based on discounted cash flows and return on cost.
• Maintain knowledge of fund investment strategies and work with the retail team in the execution of investment strategies.
• Present property activities and financial results to investors on a regular basis and execute associated approval process for major decisions.

Qualifications

• 2 Years Required; 3 Years Preferred
• University (Degree), Preferred

Physical Requirements

• Physical Requirements: Sedentary Work

Preferred Education

• University (Degree)

Career Level
6IC

Required Qualifications:

• 2 years of commercial real estate experience

Preferred Qualifications:

• Undergraduate degree (BS/BA) with emphasis in Real Estate or Finance.
• 3 years of commercial real estate experience with exposure to retail real estate.
• Fundamental understanding of commercial real estate operations, leasing, finance, and accounting.
• Strong written and verbal presentation skills.
• Software skills: Argus Enterprise and Microsoft applications including Excel, Word and PowerPoint.

Potential Salary: $110,000.00 USD

Actual base salary may vary based upon, but not limited to, relevant experience, time in role, base salary of internal peers, prior performance, business sector, and geographic location. In addition to base salary, the competitive compensation package may include, depending on the role, participation in an incentive program linked to performance (for example, annual discretionary incentive programs, non-annual sales incentive plans, or other non-annual incentive plans).

Company Overview

Nuveen, the investment manager of TIAA, offers a comprehensive range of outcome-focused investment solutions designed to secure the long-term financial goals of institutional and individual investors. Its affiliates offer deep expertise across a comprehensive range of traditional and alternative investments through a wide array of vehicles and customized strategies.For more information about the firm please visit our website at

COVID-19 Vaccination

TIAA requires all U.S. employees to be fully vaccinated against COVID-19 and provide documentation of full vaccination, unless you qualify for an accommodation as determined by TIAA consistent with applicable law.

Benefits and Total Rewards

The organization is committed to making financial well-being possible for its clients, and is equally committed to the well-being of our associates. That's why we offer a comprehensive Total Rewards package designed to make a positive difference in the lives of our associates and their loved ones. Our benefits include a superior retirement program and highly competitive health, wellness and work life offerings that can help you achieve and maintain your best possible physical, emotional and financial well-being. To learn more about your benefits, please review our Benefits Summary.

Equal Opportunity

We are an Equal Opportunity/Affirmative Action Employer. We consider all qualified applicants for employment regardless of age, race, color, national origin, sex, religion, veteran status, disability, sexual orientation, gender identity, or any other protected status.

Read more about the Equal Opportunity Law here.

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