Asset & Wealth Management, Urban Investing Group, Real Estate Associate - New York

Goldman Sachs Asset ManagementBringing together traditional and alternative investments, we provide clients around the world with a dedicated partnership and focus on long-term performance. As the firm’s primary investment area, we provide investment and advisory services for some of the world’s leading pension plans, sovereign wealth funds, insurance companies, endowments, foundations, financial advisors and individuals, for which we oversee more than $2 trillion in assets under supervision. Working in a culture that values integrity and transparency, you will be part of a diverse team that is passionate about our craft, our clients, and building sustainable success. We are:Investors, spanning traditional and alternative markets offering products and servicesAdvisors, understanding our clients’ priorities and poised to help provide investment advice and strategies that make sense for their portfoliosThought Leaders, providing timely insights across macro and secular themes to help inform our clients’ investment decisionsInnovators, using our suite of digital solutions to help our clients address complex challenges and meet their financial goalsUrban Investment Group Established in 2001, the Urban Investment Group (UIG) within Goldman Sachs Asset & Wealth Management makes tax credit equity investments, real estate investments and loans, and provides senior loan facilities in order to empower underserved communities and enable long-term equitable growth. UIG manages the investing and lending strategies for GS Bank USA’s Community Reinvestment Act requirements and the firm’s investments in Opportunity Zones and is a significant contributor to the firm’s One Million Black Women and 10,000 Small Businesses initiatives. Real estate investments range from opportunistic ground-up development to core plus acquisitions of affordable and workforce housing portfolios. UIG has committed over $23 billion to create access to affordable housing, healthcare, education, and capital for low-income people and small businesses.We are seeking an Associate to join our New York team within Real Estate. Responsibilities:Support senior members of the asset management team to manage a portfolio of Real Estate Equity, Debt, Letters of Credit and LIHTC investments that finance real estate developments including mixed-income and affordable housing, retail, office, industrial and charter school facilities. Support senior members of the team in operating, maximizing value and reporting on assetsKey responsibilities include internal asset valuation modeling, business plan preparation and execution, developing monthly cash flow projections, supporting leasing strategy, collecting financials and reviewing budgets, preparing monthly and/or quarterly reporting, and working with and growing relationships with third parties, including operating partners, brokers and property management companiesPrepare business plans, maintaining internal asset performance models, oversight of third-party service providers, capital plan oversight, and business plan execution Support execution of debt strategies to maximize value through effective loan asset managementDevelop asset strategy, including financial and asset performance data, in conjunction with AM leadership, investing personnel and operating partnersSupport execution of asset strategies to maximize value through market / product knowledge and value-add strategiesLead asset disposition efforts including: contract negotiation, writing investment committee memorandums, presenting to investment committee, finalizing disposition models, calculating waterfall returns, transaction management and closingDrive exits and compliance/covenants monitoring on tax credit equity and debt transactionsResearch/evaluate market trends, rental rates and occupancy trends to update investment assumptions within modelsConduct in-depth market and portfolio analyses; understand industry trendsEngage 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 visitsWork closely with internal stakeholders such as Finance, Compliance and LegalMaintain performance reports for internal tracking and reporting Qualifications:Bachelor’s degree from a four-year college or universityStrong academic background - finance, real estate, accounting or math background preferredAt least 2-3 years of real estate experience Advanced real estate modelling skills with Excel; experience with Argus a plusAnalytical / logical mindset and high attention to detailStrong written and verbal communication skills with the ability to present strategies and business decisions clearly and concisely, manage internal and external relationshipsAbility to work in a fast-paced, challenging environment; ability to prioritizeSelf-motivated with ability to work both autonomously and in a team settingPassion for helping to solve entrenched challenges facing underserved communitiesDesire to create positive change through double-bottom-line investments in real estate impact investingInterest in working collaboratively with the public sector, spanning municipal, state, and federal government, and navigating any resulting complexitiesSalary RangeThe expected base salary for this New York, NY, United States-based position is $150000-$225000. In addition, you may be eligible for a discretionary bonus if you are an active employee as of fiscal year-end.BenefitsGoldman Sachs is committed to providing our people with valuable and competitive benefits and wellness offerings, as it is a core part of providing a strong overall employee experience. A summary of these offerings, which are generally available to active, non-temporary, full-time and part-time US employees who work at least 20 hours per week, can be found here.Posting Date: 2026-09-03