Associate / Senior Associate - U.S. Residential Alternatives, New York

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 Speyer’s 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.

Summary of the Position:

We are seeking an associate or senior associate to join the U.S. Residential Alternatives team for an immediate start in our New York office. The U.S. Residential Alternatives team currently focuses on student housing and age-restricted (active adult) housing investment and development nationally. The individual will be responsible for evaluating potential acquisitions and developments and participating in setting the acquisition strategy in these asset classes. This position will require periodic travel.

Tishman Speyer has $2.5B in equity commitments across its development, value-add, and core-plus strategies which it is actively seeking to deploy across the US. The role will involve working with teams across our core functions, including: portfolio management, asset management, development, equity & debt capital markets, property management, corporate strategy, innovation, design and construction, and third party teams.

Key Responsibilities:

· Underwrite stabilized, value-add and development investment opportunities using Excel to develop pro forma cash flows and sensitivity analyses

· Collaborate internally and with third parties to generate operating business plans and key assumptions

· Assist with due diligence process associated with acquisitions and developments including performing feasibility analyses, costing analyses, detailed entitlement processes, financial underwriting and debt financing

· Perform robust market research – through third-party data providers and communication both internally and with local brokers – to compile relevant lease comparable, sale comparable, competitive sets, development pipelines, and general market data to inform underwritings

· Prepare presentation materials and proposals with responsibility for written and graphic requirements

Skills & Qualifications:

· 3-6 years of experience in an analytically rigorous Real Estate or Finance environment

· Experience with residential investing and student housing or age-restricted housing a plus

· Evident passion for real estate and desire to build a career on the principal side

· Motivated with curiosity and desire for continued growth

· Strong creative problem-solving skills

· Effective written and oral communication skills

· Proficiency in Excel and financial modeling

· The ability to work effectively with both peers and senior executives in a highly entrepreneurial, team-oriented environment

· Consistent attention to detail

The base compensation range for this role is $120,000 to $150,000. 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 Speyer’s New York team, as we’ve 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

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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.

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