The Associate, Self-Storage Asset Management position is responsible for helping maximize the value of the organization's self-storage real estate portfolio through ensuring the active support of managing, leasing, renovations + expansions, and recapitalization / dispositions of domestic real estate investments.

Nuveen currently owns approximately $2.5 billion of self-storage assets, in the U.S., making it one of the largest private investors of self-storage in North America. Nuveen’s self-storage exposure stretches across several joint-venture partners and operators, including a platform it has invested in and is actively growing.

Nuveen’s in-house asset management team takes a hands-on approach in optimizing cash-flow and minimizing risk exposures, as well as evaluating challenges and opportunities. This role requires working in a highly collaborative environment, to drive returns. The position will report to the Head of Self-Storage Asset Management and will be a part of the broader Nuveen Alternatives Housing team.

Key Responsibilities and Duties

• Responsible for helping manage an existing, and growing, portfolio of real estate assets within the self-storage sector across a variety of risk-profiles (core, core-plus, value-add, and development).

• Regularly engage with operating partners to ensure Nuveen’s interests and performance in investments is maximized.

• Helps in the preparation and review of annual business plans, operating budgets, capital budgets, as well as monitor actual performance against these budgets throughout the year.

• Conducts financial analysis/modeling to assess current and projected performance of investments.

• Supports in the assessment of capital needs/expenditures of each property and works with operating partners to develop a long-term capital plan for the portfolio that corresponds to stated strategy. This includes identifying and executing on assets in the portfolio that should be candidates for 1) conversions to climate / temperature controlled, as well as 2) expansion opportunities.

• Monitor capital improvements and draw requests.

• Assist in the preparation of property activities and ensure quality of deliverables (monthly, quarterly, annual, and ad hoc) including review of all financial data, variance explanations, compliance reporting obligations, property audits, other key reports.

• Supports the transactions team in underwriting, due diligence, and on-boarding activities, for new assets, as necessary. Additionally, helps strategize and prepare owned assets for disposition/recapitalization, to optimize returns.

• Researches current issues impacting the real estate management business that may affect the company’s existing and future portfolio.

• In addition to financial aspects, the Associate is responsible for supporting the implementation of ESG, technology and other broader Nuveen initiatives.

• Possesses knowledge of current real estate market conditions for submarkets in which assets are located.

• Performs and reviews quarterly valuations/appraisals for specific fund requirements.

Educational Requirements

• University (Degree) Preferred

Work Experience

• 2+ Years Required; 3+ Years Preferred

Physical Requirements

• Physical Requirements: Sedentary Work

Career Level

6IC

Preferred Qualifications:

• 2+ years of real estate asset management, acquisition and/or property management related experience, preferably within self-storage or commercial real estate.

• Direct self-storage experience preferred, but not mandatory.

• Bachelor's degree, preferably in Business, Finance, Real Estate, Accounting, or other relevant areas.

• Excellent interpersonal and communication skills, both written and verbal.

• Possess strong knowledge of commercial real estate fundamentals, including operations and analysis, budgeting, financial reporting, cash management and general finance and accountingprincipals.

• Self-motivated with strong analytical and quantitative skills

• Proficiency in full suite of Microsoft Office products(Excel, PowerPointand Word) and Yardi.

• Travel required.

Related Skills

Construction Management, Due Diligence, Financial Acumen, Financial Analysis, Financial Risk Management, Financial Statements, Market/Industry Dynamics, Organizational Savviness, Real Estate Investments, Real Estate Property Management

Anticipated Posting End Date:

2024-07-19

Base Pay Range: $82,500/yr. - $120,000/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, depending on the role, 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).

Company Overview

Nuveen, the investment manager of TIAA, offers a comprehensive range of outcome-focused investment solutions designed to secure the long-term financial goals of institutional and individual investors. Its affiliates offer deep expertise across a comprehensive range of traditional and alternative investments through a wide array of vehicles and customized strategies. For more information about the firm please visit our website at www.Nuveen.com

Benefits and Total Rewards

The organization is committed to making financial well-being possible for its clients, and is equally committed to the well-being of our associates. That’s why we offer a comprehensive Total Rewards package designed to make a positive difference in the lives of our associates and their loved ones. Our benefits include a superior retirement program and highly competitive health, wellness and work life offerings that can help you achieve and maintain your best possible physical, emotional and financial well-being. To learn more about your benefits, please review our Benefits Summary (https://www.tiaa.org/public/pdf/benefits-at-a-glance.pdf) .

Equal Opportunity

We are an Equal Opportunity/Affirmative Action Employer. We consider all qualified applicants for employment regardless of age, race, color, national origin, sex, religion, veteran status, disability, sexual orientation, gender identity, or any other protected status.

Read more about the Equal Opportunity Law here (https://www.dol.gov/general/topics/posters) .

Accessibility Support

TIAA offers support for those who need assistance with our online application process to provide an equal employment opportunity to all job seekers, including individuals with disabilities.

If you are a U.S. applicant and desire a reasonable accommodation to complete a job application please use one of the below options to contact our accessibility support team:

Phone: (800) 842-2755

Email: accessibility.support@tiaa.org

Privacy Notices

For Applicants of TIAA, Nuveen and Affiliates residing in US (other than California), click here (https://www.tiaa.org/public/tiaa-nuveen-privacy) .

For Applicants of TIAA, Nuveen and Affiliates residing in California, please click here (https://www.tiaa.org/public/tiaa-nuveen-ca-privacy) .

For Applicants of Nuveen residing in Europe and APAC, please click here (https://www.tiaa.org/public/nuveen-eu-uk-privacy) .

TIAA started out over 100 years ago to help ensure teachers could retire with dignity. Today, many people who work at not-for-profits rely on our wide range of financial products and services to support and strengthen their financial well-being.

Privacy Notices

• For Applicants of TIAA, Nuveen and Affiliates residing in US (other than California), click here (https://www.tiaa.org/public/tiaa-nuveen-privacy) .

• For Applicants of TIAA, Nuveen and Affiliates residing in California, please click here (https://www.tiaa.org/public/tiaa-nuveen-ca-privacy) .

• For Applicants of Nuveen residing in Europe and APAC, please click here (https://www.tiaa.org/public/nuveen-eu-uk-privacy) .

• For Applicants of Greenwood residing in Brazil (English), click here (https://www.tiaa.org/public/support/privacy/applicants-greenwood-privacy) .

• For Applicants of Greenwood residing in Brazil (Portuguese), click here (https://www.tiaa.org/public/support/privacy/applicants-greenwood-portuguese-privacy) .

• For Applicants of Westchester residing in Brazil (English), click here (https://www.tiaa.org/public/support/privacy/applicants-westchester-privacy) .

• For Applicants of Westchester residing in Brazil (Portuguese), click here (https://www.tiaa.org/public/support/privacy/applicants-westchester-portuguese-privacy) .

Nondiscrimination & Equal Opportunity Employment

TIAA is committed to providing equal opportunity across all employment practices and we believe our employees have a right to a diverse and inclusive workplace.

EEO is the Law (https://assets.phenompeople.com/CareerConnectResources/TIAAGLOBAL/documents/22-088_EEOC_KnowYourRights-1688394514088.pdf)

Pay Transparency

Philadelphia Ban the Box (https://www.phila.gov/media/20210423160847/Fair-Chance-Hiring-law-poster.pdf)