Senior Director West Coast Residential Asset Management
Tishman Speyer creates vibrant destinations and dynamic environments that inspire innovation and connected communities. As a diversified developer operator and investment manager of top-tier real estate in 33 markets across the globe our business choices are driven by the belief that real estate should unlock human potential. Tishman Speyers diversified portfolio spans market rate and affordable residential communities premier office properties and retail spaces industrial facilities and mixed-use campuses. We create state-of-the-art life science centers through our Breakthrough Properties joint venture and foster innovation through our strategic proptech investments. By combining global perspective with local expertise and a personalized approach we are able to anticipate our customers evolving needs. We were the first real estate company to introduce asset-wide amenity services through our ZO platform and the first traditional real estate company to create its own flexible space and coworking brand Studio.
Since our founding in 1978 Tishman Speyer has acquired developed and operated 522 properties totaling 218 million square feet with a combined value of over $129 billion (U.S.). Tishman Speyer currently has approximately $68 billion in assets under management including iconic properties such as Rockefeller Center in New York City The Springs in Shanghai TaunusTurm in Frankfurt and Mission Rock in San Francisco.
Key Responsibilities:
- Work hand in hand with the Head of Residential and other senior Asset Managers on driving the overall growth of the Residential platform
- Develop and execute annual budgets and asset-level business plans aligned with portfolio strategy and investment objectives.
- Continuously refine asset strategies based on performance market trends and evolving investor goals. Be active in the use of data & data analysis to better understand performance and comparative benchmarking.
- Provide on-going direction to our 3rd party managers and related vendors as it relates to operational performance strategy and initiatives.
- Manage and oversee third-party vendors project engineers and tax consultants ensuring alignment of scope cost control and operational efficiency.
- Ability to coordinate direct and oversee capital projects employing good communication with engineering support and our 3rd party management firms.
- Partner with the Transactions Team from underwriting through closing to support smooth asset transitions and informed investment decisions.
- Drive appraisals refinancing and disposition processes with strategic recommendations and financial analysis.
- Provide regular updates to investors supplemented by concise written communications as needed.
- Conduct hold/sell analyses and valuation reviews to maximize long-term asset value and returns.
- Coordinate with accounting to ensure accuracy in monthly and quarterly financial reporting including variance analysis.
- Collaborate with joint venture partners to implement strategic initiatives that drive value and enhance performance.
- Engage in knowing about relevant and up & coming Property Technology (Prop-Tech) residential sector issues and ESG initiatives.
We seek intelligent candidates with the following qualities:
- 8 years of residential asset management experience or related property management with history of being able to handle interesting and challenging assignments such as new development property repositioning and learning new markets.
- BS degree in business finance economics or real estate desired.
- Strong oral written communication skills including the ability to present to senior management and investor groups.
- Time management/organizational skills including ability to prioritize work to consistently meet deadlines.
- Proficiency in Word Excel and Argus Enterprise; with strong financial modeling and analytical skills.
- Proven ability to manage multiple complex assets and initiatives independently in a dynamic environment.
- Strong knowledge of property operations capital planning & execution and financial metrics such as IRR NPV and cash-on-cash returns.
- Experience with legal documents and relevant real estate protocols (e.g. management agreements JV documents capital contracts HOA documents etc.).
- Team-oriented with excellent interpersonal skills and a collaborative leadership style.
- Willingness to travel including overnight stays.
The base compensation range for this role is $225000 to $300000. This role is also eligible for a discretionary annual bonus as well as access to our comprehensive medical dental and vision insurance life and disability insurance 401(k) plan (with matching contributions) wellness benefits and all other benefits afforded to full-time Tishman Speyer employees.
This base range reflects a number of factors including but not limited to relevant experience skill sets and/or licensure required of an individual in this particular role. The base range is also specific to members of Tishman Speyers California team as weve considered factors specific to this geography.
Tishman Speyer is deeply committed to creating and maintaining a diverse workforce which promotes different views and perspectives. We expect our leaders and employees alike to champion diversity and inclusion practices. Tishman Speyer has several employee affinity and interest groups that provide employees opportunities to develop professional relationships across the business and identify opportunities for development and advancement.
We are proud to be an Equal Opportunity Employer and treat all applicants for employment equally based upon job-related qualifications and without regards to race color age sex sexual orientation gender identity gender expression marital status military or veteran status national origin disability religion or any other characteristics protected by law.
Tishman Speyer is an equal opportunity affirmative action employer and administers all personnel practices without regard to race color religion sex national origin sexual orientation gender identity or expression disability protected veteran status or military status or any other category protected under applicable law. Tishman Speyer is committed to taking affirmative steps to promote the employment and advancement of minorities women persons with disabilities and protected veterans.
Disability Assistance - Tishman Speyer is committed to being an Equal Opportunity Employer and offers opportunities to all job seekers including job seekers with disabilities. If you are a qualified individual with a disability or a disabled veteran you may request a reasonable accommodation if you are unable or limited in your ability to use or access the Companys career webpage as a result of your disability. You may request reasonable accommodations by sending an email to