Real Estate Associate
Job Location:
Austin, TX - USA
Monthly Salary:
Posted on:
Vacancies:
Job Summary
Requisition ID: req1396
Employment Type: Unclassified Regular Full-Time (URF)
Division: Real Estate
Compensation: Depends on Qualifications
Job Closing: 9/4/2026
Location: TRS Headquarters Building 2
1900 Aldrich Street
Austin Texas 78723
United States
WHO WE ARE:
With the Investment Management Division (IMD) you will be joining a diverse group of achievers who celebrate the unique value individuals bring to support our shared cause: earning trust and contributing to the financial future of 2 million public education employees and retirees throughout Texas.
Navigating the current market environment takes innovation and were passionate about stewarding the right investments to make an impact both in the lives of our members and all Texans. We invite you to partner with the best financial minds in the business to manage a global portfolio of over $200 billion in public and private investments. Our success starts with you.
The Real Estate Investment Associate performs advanced investments research and analysis work. The incumbent will perform due diligence analysis of potential investment opportunities and assist with day-to-day monitoring and reporting of the investment portfolio. This position will work proactively with the Real Estate team and IMD staff. This position reports to the Managing Director of Real Estate.
Please Include a cover letter with your application in order to be considered for the position.
WHAT YOU WILL DO:
Due Diligence and Analysis
Performs investment analysis for potential investment opportunities including principal investments and fund commitments using any reliable printed or electronic media partnership offering memoranda and one-on-one contact with general and limited partners.
Provides timely written or oral reports of analysis and recommendations to Investments staff and management.
Communicates analysis of investment opportunities results and recommendations with the relevant portfolio managers(s) and/or senior staff via verbal and written reports and presentations including preparing qualitative and quantitative reports memoranda and spreadsheets.
Performs due diligence research and analysis for potential real estate investment opportunities.
Conducts reference checks and evaluating the organizations leadership team strategy market opportunity historical and proforma financials operations and competitive environment.
Portfolio Monitoring
Consults or coordinates with investment managers external managers analysts investment accounting legal counsel custodian and third-party advisors and consultants.
Evaluates portfolio diversification by geography property/sector type and investment style.
Performs or assists with the development monitoring and reporting of diverse portfolio investments.
Works with TRS portfolio management systems such as DealCloud and PowerBI.
Ensures that the agency Ethics Policy is adhered to in relationships with general partners external managers brokers research suppliers and other vendors.
WHAT YOU WILL BRING:
Required Education
Bachelors degree from an accredited four-year college or university with major coursework in business administration finance accounting operations research math information technology
liberal arts or a related area.
Preferred Masters degree may substitute for one (1) year of the required experience.
Required Experience
Two (2) years of full-time professional experience in private equity real estate investments or experience involving a high degree of skill in data analysis and evaluation such as financial
analysis engineering or statistics.
Required Registration Certification Licensure
None
Preferred Qualifications
Master of Business Administration (MBA) or Masters degree related to finance.
Experience as an Analyst or Associate in the Acquisitions or Asset Management group at an institutional real estate investment firm institutional real estate investor investment bank or
similar.
Certification as a Chartered Financial Analyst (CFA) and/or Chartered Alternative Investment Analyst (CAIA) or working towards CFA/CAIA.
Knowledge of:
Investment concepts terminology styles models strategies and fundamental investment factors.
Statistical concepts methods and models and their application to investments.
Real Estate valuation metrics and techniques.
Skills in:
Using a computer in a Windows environment with word processing spreadsheet presentation database and other business software to prepare correspondence spreadsheets charts and reports.
Conducting data searches and evaluations of large amounts of information performing complex statistical analysis of the data and preparing concise and accurate reports and written/oral recommendations.
Planning organizing and prioritizing work assignments to manage a high-volume workload in a fast-paced and changing environment and in completing detailed work with a high degree of accuracy.
Verbal and written communication of complex information that is accurate timely and based on sound judgment.
Ability to:
Establish and maintain harmonious working relationships with co-workers agency staff and external contacts.
Work effectively in a professional team environment.
Travel regularly for business purposes.
Military Occupational Specialty (MOS) Codes:
Veterans Reservists or Guardsmen with experience in the Military Occupational Specialty ( ) along with the minimum qualifications listed above may meet the minimum requirements and are highly encouraged to apply. Please contact Talent Acquisition at with questions or for additional information.
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Required Experience:
IC
