Nuveen, a TIAA company
Associate, Self-Storage Asset Management
Nuveen, a TIAA company, Chicago, Illinois, United States, 60290
Associate, Self-Storage Asset Management
The Associate, Self-Storage Asset Management position is responsible for helping maximize the value of the organization\'s self-storage real estate portfolio through supporting managing, leasing, renovations and expansions, and recapitalization / dispositions of domestic real estate investments. Nuveen currently owns approximately $2.5 billion of self-storage assets in the U.S., making it one of the largest private investors of self-storage in North America. Nuveen\'s self-storage exposure spans several joint-venture partners and operators, including a platform it has invested in and is actively growing. The in-house asset management team takes a hands-on approach in optimizing cash-flow and minimizing risk exposures, and are expected to work in a highly collaborative environment to drive returns. The position reports to the Head of Self-Storage Asset Management and is part of the broader Nuveen Alternatives Housing team. Responsibilities And Duties
Manage and grow a portfolio of self-storage real estate assets across a variety of risk-profiles (core, core-plus, value-add, development). Engage with operating partners to maximize Nuveen\'s interests and performance in investments. Assist in the preparation and review of annual business plans, operating budgets, capital budgets, and monitor performance against budgets throughout the year. Conduct financial analysis/modeling to assess current and projected performance of investments. Support capital needs/expenditures assessments and develop long-term capital plans with operating partners. Identify and pursue asset opportunities such as conversions to climate/temperature controlled storage and expansion opportunities. Monitor capital improvements and draw requests. Assist in preparing property activity deliverables (monthly, quarterly, annual, ad hoc) including review of financial data, variance explanations, compliance reporting obligations, property audits, and other key reports. Support transactions team in underwriting, due diligence, and onboarding for new assets; strategize and prepare owned assets for disposition/recapitalization to optimize returns. Research current issues affecting real estate management that may impact the portfolio. Support implementation of ESG, technology and other Nuveen-wide initiatives. Maintain knowledge of current real estate market conditions for asset submarkets. Perform and review quarterly valuations/appraisals for fund requirements. Educational Requirements
University degree preferred. Work Experience
2+ years required; 3+ years preferred. Physical Requirements
Sedentary work. Career Level
6IC Required Qualifications
2+ years of commercial real estate experience. Preferred Qualifications
3+ years of commercial real estate asset management and/or acquisition, preferably within self-storage. Self-storage experience. Bachelor\'s degree, preferably in Business, Finance, Real Estate, Accounting, or other relevant areas. Excellent interpersonal and written/verbal communication skills. Strong knowledge of commercial real estate fundamentals (operations, budgeting, financial reporting, cash management, and general finance and accounting principles). Self-motivated with strong analytical and quantitative skills. Proficiency in Microsoft Office (Excel, PowerPoint, Word) and Yardi. Travel required. Anticipated Posting End Date
2025-10-17 Base Pay Range
$91,700/yr - $132,000/yr Actual base salary may vary based on experience, time in role, internal pay equity, performance, business sector, and location. In addition to base salary, compensation may include participation in incentive programs. Company Overview
Nuveen is a global investment leader, managing public and private assets for clients around the world on behalf of TIAA, its parent company. We invest in growth across real estate, infrastructure and natural capital to pursue lasting performance for clients, communities and the economy. Visit www.nuveen.com to learn more. Our Culture of Impact
We are guided by values: Champion Our People, Be Client Obsessed, Lead with Integrity, Own It, and Win As One. We foster collaboration across organizational boundaries, accelerate innovation, and deliver meaningful results. Each associate can grow through learning experiences and development pathways. Benefits And Total Rewards
We offer a comprehensive Total Rewards package, including a strong retirement program and competitive health, wellness and work-life offerings. Please review our Benefits Summary for details. Equal Opportunity
We are an Equal Opportunity Employer. We do not discriminate on age, race, color, national origin, sex, religion, veteran status, disability, sexual orientation, gender identity, or any other legally protected status. Our full EEO & Non-Discrimination statement is available on our careers page. Accessibility Support
TIAA provides accessibility options for applicants requiring assistance with the online application process. For accommodations, contact: Phone: 800-842-2755; Email: accessibility.support@tiaa.org. Drug and Smoking Policy
TIAA maintains a drug-free and smoke-free workplace. Privacy Notices
Privacy notices are available for applicants in the U.S. and other regions. Preferred Qualifications (Recap)
3+ years of commercial real estate asset management and/or acquisition, preferably self-storage. Self-storage experience. Bachelor\'s degree in relevant fields. Strong interpersonal and written/verbal communication skills. Strong knowledge of real estate fundamentals, operations and finance. Analytical and quantitative with proficiency in Microsoft Office and Yardi. Travel required.
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The Associate, Self-Storage Asset Management position is responsible for helping maximize the value of the organization\'s self-storage real estate portfolio through supporting managing, leasing, renovations and expansions, and recapitalization / dispositions of domestic real estate investments. Nuveen currently owns approximately $2.5 billion of self-storage assets in the U.S., making it one of the largest private investors of self-storage in North America. Nuveen\'s self-storage exposure spans several joint-venture partners and operators, including a platform it has invested in and is actively growing. The in-house asset management team takes a hands-on approach in optimizing cash-flow and minimizing risk exposures, and are expected to work in a highly collaborative environment to drive returns. The position reports to the Head of Self-Storage Asset Management and is part of the broader Nuveen Alternatives Housing team. Responsibilities And Duties
Manage and grow a portfolio of self-storage real estate assets across a variety of risk-profiles (core, core-plus, value-add, development). Engage with operating partners to maximize Nuveen\'s interests and performance in investments. Assist in the preparation and review of annual business plans, operating budgets, capital budgets, and monitor performance against budgets throughout the year. Conduct financial analysis/modeling to assess current and projected performance of investments. Support capital needs/expenditures assessments and develop long-term capital plans with operating partners. Identify and pursue asset opportunities such as conversions to climate/temperature controlled storage and expansion opportunities. Monitor capital improvements and draw requests. Assist in preparing property activity deliverables (monthly, quarterly, annual, ad hoc) including review of financial data, variance explanations, compliance reporting obligations, property audits, and other key reports. Support transactions team in underwriting, due diligence, and onboarding for new assets; strategize and prepare owned assets for disposition/recapitalization to optimize returns. Research current issues affecting real estate management that may impact the portfolio. Support implementation of ESG, technology and other Nuveen-wide initiatives. Maintain knowledge of current real estate market conditions for asset submarkets. Perform and review quarterly valuations/appraisals for fund requirements. Educational Requirements
University degree preferred. Work Experience
2+ years required; 3+ years preferred. Physical Requirements
Sedentary work. Career Level
6IC Required Qualifications
2+ years of commercial real estate experience. Preferred Qualifications
3+ years of commercial real estate asset management and/or acquisition, preferably within self-storage. Self-storage experience. Bachelor\'s degree, preferably in Business, Finance, Real Estate, Accounting, or other relevant areas. Excellent interpersonal and written/verbal communication skills. Strong knowledge of commercial real estate fundamentals (operations, budgeting, financial reporting, cash management, and general finance and accounting principles). Self-motivated with strong analytical and quantitative skills. Proficiency in Microsoft Office (Excel, PowerPoint, Word) and Yardi. Travel required. Anticipated Posting End Date
2025-10-17 Base Pay Range
$91,700/yr - $132,000/yr Actual base salary may vary based on experience, time in role, internal pay equity, performance, business sector, and location. In addition to base salary, compensation may include participation in incentive programs. Company Overview
Nuveen is a global investment leader, managing public and private assets for clients around the world on behalf of TIAA, its parent company. We invest in growth across real estate, infrastructure and natural capital to pursue lasting performance for clients, communities and the economy. Visit www.nuveen.com to learn more. Our Culture of Impact
We are guided by values: Champion Our People, Be Client Obsessed, Lead with Integrity, Own It, and Win As One. We foster collaboration across organizational boundaries, accelerate innovation, and deliver meaningful results. Each associate can grow through learning experiences and development pathways. Benefits And Total Rewards
We offer a comprehensive Total Rewards package, including a strong retirement program and competitive health, wellness and work-life offerings. Please review our Benefits Summary for details. Equal Opportunity
We are an Equal Opportunity Employer. We do not discriminate on age, race, color, national origin, sex, religion, veteran status, disability, sexual orientation, gender identity, or any other legally protected status. Our full EEO & Non-Discrimination statement is available on our careers page. Accessibility Support
TIAA provides accessibility options for applicants requiring assistance with the online application process. For accommodations, contact: Phone: 800-842-2755; Email: accessibility.support@tiaa.org. Drug and Smoking Policy
TIAA maintains a drug-free and smoke-free workplace. Privacy Notices
Privacy notices are available for applicants in the U.S. and other regions. Preferred Qualifications (Recap)
3+ years of commercial real estate asset management and/or acquisition, preferably self-storage. Self-storage experience. Bachelor\'s degree in relevant fields. Strong interpersonal and written/verbal communication skills. Strong knowledge of real estate fundamentals, operations and finance. Analytical and quantitative with proficiency in Microsoft Office and Yardi. Travel required.
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