• CIMD, GSAM, Private Real Estate Group, Asset Management Associate/VP, Dallas

    Location(s) US-TX-Dallas
    Job ID
    2019-52033
    Schedule Type
    Full Time
    Level
    Associate, Vice President/Executive Director
    Function(s)
    General
    Region
    Americas
    Division
    Consumer and Investment Management Division
    Business Unit
    GSAM Private Real Estate
    Employment Type
    Employee
  • MORE ABOUT THIS JOB

    CONSUMER AND INVESTMENT MANAGEMENT DIVISION (CIMD)

    The Consumer and Investment Management Division includes Goldman Sachs Asset Management (GSAM), Private Wealth Management (PWM) and our Consumer business (Marcus by Goldman Sachs). We provide asset management, wealth management and banking expertise to consumers and institutions around the world. CIMD partners with various teams across the firm to help individuals and institutions navigate changing markets and take control of their financial lives.

     

    GSAM

    Goldman Sachs Asset Management (GSAM) is one of the world’s leading investment managers. GSAM provides institutional and individual investors with investment and advisory solutions, with strategies spanning asset classes, industries, and geographies.  We help our clients navigate today’s dynamic markets, and identify the opportunities that shape their portfolios and long-term investment goals. We extend these global capabilities to the world’s leading pension plans, sovereign wealth funds, central banks, insurance companies, financial institutions, endowments, foundations, individuals and family offices.

    RESPONSIBILITIES AND QUALIFICATIONS

    MORE ABOUT THIS JOB

     

    Job Summary & Responsibilities

     

    The GSAM Private Real Estate Group (“GSAM PRE”) is seeking to add an Associate to its Asset Management team in Dallas. GSAM PRE focuses on core, core-plus, and value-add real estate investment opportunities in the United States across office, industrial, multifamily, and retail property types and invests primarily through commingled funds. Today, GSAM PRE manages $3.4bn in gross asset value, with 40 dedicated professionals spread across three offices in New York, Los Angeles, and Dallas.  The team evaluates & manages commercial real estate investment opportunities across a range of geographies and risk profiles.

     

    Primary responsibilities will include managing a portfolio of 5 to 15 assets (core to value-add risk profiles) which includes business plan preparation and presentation, developing monthly cash flow projections, monthly and/or quarterly reporting, oversight of third party service providers, capital plan oversight, business plan execution, and ultimate disposition of real estate assets

     

    RESPONSIBILITIES AND QUALIFICATIONS

     

    Responsibilities

    • Primary responsibilities will include asset managing a portfolio of 10-15 assets
    • Formulate and execute asset management strategies to maximize asset performance through knowledge of real estate markets and value-add strategies
    • Engage and provide oversight of third parties which perform the day-to-day operations of the assets, including, but not limited to operating partners and property management companies, conduct weekly / monthly calls and asset visits, negotiate commercial leases
    • Prepare and present business plans, including financial and asset performance data
    • Establish strategic goals in conjunction with the GSAM PRE team for the asset including leasing and disposition strategy
    • Support the acquisition of real estate investment opportunities through due diligence and underwriting efforts
    • Review and analyze various asset reports from third parties, including monthly PMC operating reports, accounting files, CapEx projections and monthly Rent Rolls
    • Lead disposition efforts of real estate assets including contract negotiation, transaction management and closing
    • Work closely with internal stakeholders such as Finance, Compliance and Legal

     

     

    Basic Qualifications

     

    • Strong academic background - 4 year finance, real estate, accounting or math background preferred
    • 5+ years of real estate experience with a focus on asset management and transaction experience in multiple product typess (office, industrial, retail, mulitfamily, etc.)
    • Multi-family experience required and both multi-family and commercial experience preferred
    • Effective management and leadership skills
    • Solid analytical/logical mindset and attention to detail
    • Strong written and verbal communication skills (clear, concise, and confident) with the ability to manage internal and external relationships
    • Must know MS Office Excel and Argus to an advanced level
    • Self-motivated
    • Ability to work both autonomously and in a team setting
    • Able to work under tight time constraints and extended hours as required

     

    ABOUT GOLDMAN SACHS

    The Goldman Sachs Group, Inc. is a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in all major financial centers around the world.

    © The Goldman Sachs Group, Inc., 2019. All rights reserved Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Vet.