Senior Associate, Healthcare Asset Management
Nuveen, a TIAA company, Charlotte, NC, United States
The Nuveen Alternative Healthcare team is responsible for overseeing the financial, operational, leasing and construction/redevelopment of Nuveen’s healthcare portfolio which encompasses medical office, senior housing, and life science. This role will focus on medical office and senior housing asset management. The asset manager will work closely with Portfolio Management to execute fund mandates, including budget analyses, monitoring in-place debt and developing hold/sell analyses. Investments are primarily made through joint ventures and will require the candidate to have a proficient understanding of venture terms and responsibilities. The position will require the candidate to regularly meet with operating partners to discuss investment performance and strategy.
The position will take a lead role in managing real estate across multiple funds, risk-profiles and asset types. Applicants should have relevant institutional asset management experience and a good understanding of healthcare real estate and broader commercial real estate. The ideal candidate has demonstrated knowledge of real estate fundamentals and can develop and implement strategies that will maximize the financial performance and value of the portfolio assigned assets. Additionally, the candidate should be highly adaptable to a changing investment landscape, demonstrate the ability to think creatively to add value, be detail oriented and have a mindset for outperformance.
Key Responsibilities And Duties
Create and implement, in partnership with Nuveen’s operating partners, strategic one, three and five year business plans for each asset. Continuously monitor execution of the asset’s short and long term business plans.
Oversee financial, operational, leasing and capital matters for the medical office and senior housing portfolio.
In addition to financial aspects, the asset manager is responsible for the implementation of ESG, technology and other broader Nuveen initiatives.
Regularly engage with joint venture partners to ensure Nuveen’s interests and performance in investments is maximized.
Prepare and review annual business plans, operating budgets, capital budgets, as well as monitor actual performance against these budgets through the year.
Present property activities and financial results to third party investors and Portfolio Management on a regular basis.
Participate in the underwriting of new investment opportunities and support the Alternative Healthcare team’s growth initiatives.
Understand and stay up-to-date on market dynamics and trends and see the input of research and other professionals in analytic activities.
Help access under-represented emerging markets and develop relationships with potential local partners.
Educational Requirements
University (Degree) Preferred
Work Experience
2+ Years Required; 3+ Years Preferred
Physical Requirements Sedentary Work
Compensation Base Pay Range: $85,600/yr - $135,000/yr. Actual base salary may vary based upon, but not limited to, relevant experience, time in role, base salary of internal peers, prior performance, business sector, and geographic location. In addition to base salary, the competitive compensation package may include participation in an incentive program linked to performance (for example, annual discretionary incentive programs, non-annual sales incentive plans, or other non-annual incentive plans).
Equal Opportunity We are an Equal Opportunity Employer. TIAA does not discriminate against any candidate or employee on the basis of age, race, color, national origin, sex, religion, veteran status, disability, sexual orientation, gender identity, or any other legally protected status.
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The position will take a lead role in managing real estate across multiple funds, risk-profiles and asset types. Applicants should have relevant institutional asset management experience and a good understanding of healthcare real estate and broader commercial real estate. The ideal candidate has demonstrated knowledge of real estate fundamentals and can develop and implement strategies that will maximize the financial performance and value of the portfolio assigned assets. Additionally, the candidate should be highly adaptable to a changing investment landscape, demonstrate the ability to think creatively to add value, be detail oriented and have a mindset for outperformance.
Key Responsibilities And Duties
Create and implement, in partnership with Nuveen’s operating partners, strategic one, three and five year business plans for each asset. Continuously monitor execution of the asset’s short and long term business plans.
Oversee financial, operational, leasing and capital matters for the medical office and senior housing portfolio.
In addition to financial aspects, the asset manager is responsible for the implementation of ESG, technology and other broader Nuveen initiatives.
Regularly engage with joint venture partners to ensure Nuveen’s interests and performance in investments is maximized.
Prepare and review annual business plans, operating budgets, capital budgets, as well as monitor actual performance against these budgets through the year.
Present property activities and financial results to third party investors and Portfolio Management on a regular basis.
Participate in the underwriting of new investment opportunities and support the Alternative Healthcare team’s growth initiatives.
Understand and stay up-to-date on market dynamics and trends and see the input of research and other professionals in analytic activities.
Help access under-represented emerging markets and develop relationships with potential local partners.
Educational Requirements
University (Degree) Preferred
Work Experience
2+ Years Required; 3+ Years Preferred
Physical Requirements Sedentary Work
Compensation Base Pay Range: $85,600/yr - $135,000/yr. Actual base salary may vary based upon, but not limited to, relevant experience, time in role, base salary of internal peers, prior performance, business sector, and geographic location. In addition to base salary, the competitive compensation package may include participation in an incentive program linked to performance (for example, annual discretionary incentive programs, non-annual sales incentive plans, or other non-annual incentive plans).
Equal Opportunity We are an Equal Opportunity Employer. TIAA does not discriminate against any candidate or employee on the basis of age, race, color, national origin, sex, religion, veteran status, disability, sexual orientation, gender identity, or any other legally protected status.
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