Associate, Self-Storage Asset Management

The Associate Self-Storage Asset Management position is responsible for helping maximize the value of the organizations self-storage real estate portfolio through ensuring the active support of managing leasing renovations 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. Nuveens self-storage exposure stretches across several joint-venture partners and operators including a platform it has invested in and is actively growing.

Nuveens in-house asset management team takes a hands-on approach in optimizing cash-flow and minimizing risk exposures as well as evaluating challenges and opportunities. This role requires working in a highly collaborative environment to drive returns. The position will report to the Head of Self-Storage Asset Management and will be a part of the broader Nuveen Alternatives Housing team.

Key Responsibilities and Duties

• Responsible for helping manage an existing and growing portfolio of real estate assets within the self-storage sector across a variety of risk-profiles (core core-plus value-add and development).

• Regularly engage with operating partners to ensure Nuveens interests and performance in investments is maximized.

• Helps in the preparation and review of annual business plans operating budgets capital budgets as well as monitor actual performance against these budgets throughout the year.

• Conducts financial analysis/modeling to assess current and projected performance of investments.

• Supports in the assessment of capital needs/expenditures of each property and works with operating partners to develop a long-term capital plan for the portfolio that corresponds to stated strategy.

• This includes identifying and executing on assets in the portfolio that should be candidates for 1) conversions to climate / temperature controlled as well as 2) expansion opportunities.

• Monitor capital improvements and draw requests.

• Assist in the preparation of property activities and ensure quality of deliverables (monthly quarterly annual and ad hoc) including review of all financial data variance explanations compliance reporting obligations property audits other key reports.

• Supports the transactions team in underwriting due diligence and on-boarding activities for new assets as necessary. Additionally helps strategize and prepare owned assets for disposition/recapitalization to optimize returns.

• Research current issues impacting the real estate management business that may affect the companys existing and future portfolio.

• In addition to financial aspects the Associate is responsible for supporting the implementation of ESG technology and other broader Nuveen initiatives.

• Possesses knowledge of current real estate market conditions for submarkets in which assets are located.

• Performs and reviews quarterly valuations/appraisals for specific fund requirements.

Educational Requirements

• University (Degree) Preferred

Work Experience

• 2 Years Required; 3 Years Preferred

Physical Requirements

• 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.

• Bachelors degree preferably in Business Finance Real Estate Accounting or other relevant areas.

• Excellent interpersonal and communication skills both written and verbal.

• Possess strong knowledge of commercial real estate fundamentals including operations and analysis budgeting financial reporting cash management and general finance and accounting principals.

• Self-motivated with strong analytical and quantitative skills

• Proficiency in full suite of Microsoft Office products (Excel PowerPoint and Word) and Yardi.

• Travel required.

Anticipated Posting End Date:

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 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 is a global investment leader managing public and private assets for clients around the world and on behalf of TIAA our parent company and one of the worlds largest institutional investors. We invest in the growth of businesses real estate infrastructure and natural capital providing clients with the reliability access and foresight unique to our heritage. Our prevailing perspective on the future drives our ambition to innovate and adapt our business to the changing needs of investors - all to pursue lasting performance for our clients our communities and our global to learn more about us.

Our Culture of Impact

At TIAA were on a mission to build on our 100 year legacy of delivering for our clients while evolving to meet tomorrows challenges. We equip our associates with future-focused skills and AI tools that enable us to advance our mission. Together we are fighting to ensure a more secure financial future for all and for generations to come. We are guided by our values: Champion Our People Be Client Obsessed Lead with Integrity Own It and Win As One. They influence every decision we make and how we work together to serve our clients every day. We thrive in a collaborative in-office environment where teams work across organizational boundaries with shared purpose accelerating innovation and delivering meaningful results. Our workplace brings together TIAA and Nuveens entrepreneurial spirit where we work hard and work together to create lasting impact. Here every associate can grow through meaningful learning experiences and development pathwaysbecause when our people succeed our impact on clients lives grows stronger.

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. Thats 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 Employer. TIAA does not discriminate against any candidate or employee on the basis of 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 on our careers home page and you can read more about your rights and view government notices here.

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TIAA maintains a drug-free and smoke/free workplace.

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