• Merchant Banking Division, Real Estate, Multifamily Asset Management, Associate- Dallas

    Location(s) US-TX-Dallas
    Job ID
    2019-57271
    Schedule Type
    Full Time
    Level
    Associate
    Function(s)
    General
    Region
    Americas
    Division
    Merchant Banking Division
    Business Unit
    MBD Business Management
    Employment Type
    Employee
  • MORE ABOUT THIS JOB

    The Goldman Sachs Merchant Banking Division (“MBD”) invests in corporate equity and debt, real estate equity and debt, growth equity and infrastructure worldwide. Consisting of over 900 professionals in 25 offices in 15 countries, our business operates on a global platform and we are one of the largest managers of private capital globally.

     

    The Real Estate team is seeking an Associate within the Merchant Banking Division team based in Dallas, TX. The Real Estate team supports real estate investing across multiple product types across the US. This includes sourcing, underwriting and due diligence, acquisitions, asset management, construction and development oversight, financings and dispositions for the firm's real estate investments.

    RESPONSIBILITIES AND QUALIFICATIONS

    Responsibilies:

    • Manage a portfolio of 10-16 multifamily assets, which includes business plan preparation and presentation, maintaining internal asset valuation models, weekly/monthly/quarterly reporting, oversight of third party service providers, capital plan oversight, business plan execution and disposition of assets
    • Lead asset disposition efforts including: contract negotiation, writing investment committee memorandums, presenting to investment committee, finalizing disposition models, calculating waterfall returns, transaction management and closing coordination
    • In coordination with the construction group and development partners, closely track assets under construction understanding construction timelines and budget fluctuations. Participate in unit and amenity design review meetings, upgrade decisions, floor plan review, branding and marketing strategy, unit pricing and lease-up budget review
    • Lead weekly/bi-weekly leasing calls with PMC and operating partners
    • Conduct in depth market and submarket review of market and industry trends to help formulate asset strategy
    • Development and presentation of investment recommendation summaries for senior management approval
    • Interface with intermediaries, PMCs and operating partners to collect and evaluate asset and portfolio level financial information
    • Interface with external parties including: operating partners, PMCs, brokers, attorneys and other third party vendors. Interface with internal stakeholders including: legal, accounting and compliance
    • Maintain weekly performance reports for internal tracking and reporting communication with the New York office
    • Build and maintain relationships with brokers, real estate developers, and other industry contacts

    Preferred Qualifications:

    • Strong academic background - finance, real estate, accounting or math background preferred
    • Should have a minimum of three years of real estate experience (multifamily preferred) with asset management and transaction experience
    • 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 have advanced level MS Office Excel experience, as well as experience and advanced knowledge of other Microsoft Suite applications including PowerPoint and Word
    • Self-motivated
    • Ability to work both autonomously and in a team setting
    • Ability to mentor younger members of the team
    • Able to work under tight time constraints and extended hours as required

    ABOUT GOLDMAN SACHS

    ABOUT GOLDMAN SACHS

    At Goldman Sachs, we commit our people, capital and ideas to help our clients, shareholders and the communities we serve to grow. Founded in 1869, we are a leading global investment banking, securities and investment management firm. Headquartered in New York, we maintain offices around the world.

    We believe who you are makes you better at what you do. We're committed to fostering and advancing diversity and inclusion in our own workplace and beyond by ensuring every individual within our firm has a number of opportunities to grow professionally and personally, from our training and development opportunities and firmwide networks to benefits, wellness and personal finance offerings and mindfulness programs. Learn more about our culture, benefits, and people at GS.com/careers.

    We’re committed to finding reasonable accommodations for candidates with special needs or disabilities during our recruiting process. Learn more: https://www.goldmansachs.com/careers/footer/disability-statement.html



    © The Goldman Sachs Group, Inc., 2020. All rights reserved.
    Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Veteran/Sexual Orientation/Gender Identity