Nuveen, a TIAA company
Associate, Self-Storage Asset Management
Nuveen, a TIAA company, Dallas, Texas, United States, 75215
Overview
Associate, Self-Storage Asset Management role at Nuveen, a TIAA company. The position is responsible for helping maximize the value of the organization\'s self-storage real estate portfolio through active support of managing, leasing, renovations + expansions, and recapitalization / dispositions of domestic real estate investments. Nuveen owns approximately $2.5 billion of self-storage assets in the U.S. and works with several joint-venture partners and operators. The in-house asset management team focuses on optimizing cash-flow, minimizing risk, and evaluating challenges and opportunities. The role reports to the Head of Self-Storage Asset Management and is part of the broader Nuveen Alternatives Housing team.
Key Responsibilities And Duties
Manage an existing and growing portfolio of self-storage real estate assets across risk profiles (core, core-plus, value-add, and development).
Regularly engage with operating partners to maximize Nuveen\'s interests and investment performance.
Prepare and review annual business plans, operating budgets, and capital budgets; monitor performance against budgets.
Conduct financial analysis/modeling to assess current and projected investment performance.
Assess capital needs/expenditures and work with operating partners to develop long-term capital plans aligned with strategy.
Identify and execute on assets for conversions to climate/temperature-controlled storage and expansion opportunities.
Monitor capital improvements and draw requests.
Prepare property activity deliverables (monthly, quarterly, annual, ad hoc) including review of financial data, variance explanations, compliance reporting, property audits, and key reports.
Support the transactions team in underwriting, due diligence, and onboarding for new assets; assist in disposition/recapitalization planning to optimize returns.
Research current real estate market issues impacting the portfolio.
Support ESG, technology, and other Nuveen initiatives beyond financial aspects.
Maintain knowledge of current real estate market conditions in submarkets where assets are located.
Perform and review quarterly valuations/appraisals for fund requirements.
Educational Requirements
University degree preferred
Work Experience
2+ years required; 3+ years preferred
Physical Requirements
Physical Requirements: Sedentary work
Career Level
Mid-Senior 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 communication skills, both written and verbal
Strong knowledge of commercial real estate fundamentals including operations, budgeting, financial reporting, cash management, and general finance and accounting principles
Self-motivated with strong analytical and quantitative skills
Proficiency in Microsoft Excel, PowerPoint, Word and Yardi
Travel required
Anticipated Posting End Date 2025-10-17
Compensation Base Pay Range: $91,700/yr - $132,000/yr. Actual base salary may vary based on experience, location, and other factors. In addition to base salary, compensation may include incentives or performance-based programs where applicable.
Company Overview Nuveen is a global investment leader, managing public and private assets for clients worldwide on behalf of TIAA. We invest in real estate, infrastructure, and related opportunities to pursue lasting performance for clients, communities, and the global economy.
Equal Opportunity We are an Equal Opportunity Employer. We do not discriminate on the basis of age, race, color, national origin, sex, religion, veteran status, disability, sexual orientation, gender identity, or any other legally protected status.
Accessibility Support TIAA provides accessibility support for the online application process. If you require a reasonable accommodation, please contact accessibility.support@tiaa.org.
Note Referrals may increase interview chances. This description reflects the current posting and may be subject to change.
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Key Responsibilities And Duties
Manage an existing and growing portfolio of self-storage real estate assets across risk profiles (core, core-plus, value-add, and development).
Regularly engage with operating partners to maximize Nuveen\'s interests and investment performance.
Prepare and review annual business plans, operating budgets, and capital budgets; monitor performance against budgets.
Conduct financial analysis/modeling to assess current and projected investment performance.
Assess capital needs/expenditures and work with operating partners to develop long-term capital plans aligned with strategy.
Identify and execute on assets for conversions to climate/temperature-controlled storage and expansion opportunities.
Monitor capital improvements and draw requests.
Prepare property activity deliverables (monthly, quarterly, annual, ad hoc) including review of financial data, variance explanations, compliance reporting, property audits, and key reports.
Support the transactions team in underwriting, due diligence, and onboarding for new assets; assist in disposition/recapitalization planning to optimize returns.
Research current real estate market issues impacting the portfolio.
Support ESG, technology, and other Nuveen initiatives beyond financial aspects.
Maintain knowledge of current real estate market conditions in submarkets where assets are located.
Perform and review quarterly valuations/appraisals for fund requirements.
Educational Requirements
University degree preferred
Work Experience
2+ years required; 3+ years preferred
Physical Requirements
Physical Requirements: Sedentary work
Career Level
Mid-Senior 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 communication skills, both written and verbal
Strong knowledge of commercial real estate fundamentals including operations, budgeting, financial reporting, cash management, and general finance and accounting principles
Self-motivated with strong analytical and quantitative skills
Proficiency in Microsoft Excel, PowerPoint, Word and Yardi
Travel required
Anticipated Posting End Date 2025-10-17
Compensation Base Pay Range: $91,700/yr - $132,000/yr. Actual base salary may vary based on experience, location, and other factors. In addition to base salary, compensation may include incentives or performance-based programs where applicable.
Company Overview Nuveen is a global investment leader, managing public and private assets for clients worldwide on behalf of TIAA. We invest in real estate, infrastructure, and related opportunities to pursue lasting performance for clients, communities, and the global economy.
Equal Opportunity We are an Equal Opportunity Employer. We do not discriminate on the basis of age, race, color, national origin, sex, religion, veteran status, disability, sexual orientation, gender identity, or any other legally protected status.
Accessibility Support TIAA provides accessibility support for the online application process. If you require a reasonable accommodation, please contact accessibility.support@tiaa.org.
Note Referrals may increase interview chances. This description reflects the current posting and may be subject to change.
#J-18808-Ljbffr