Real Estate Asset Management Associate

Sixth Street; San Francisco (CA); On-site; USD 120,000 - 150,000; Full time

Benefits offered by this job

Health, life, long-term and short-term

401(k) plan

Paid public holidays

Paid sick days

Additional time off subject to manager

Equal Opportunity employer

Job summary

Sixth Street is looking for an associate to join the U.S. Real Estate Asset Management team. This full-time role will focus on asset management of the U.S. Real Estate portfolio and report to the Head of Asset Management, U.S. Real Estate.

The position supports ownership-based asset management, performance monitoring, and collaboration with operating partners. Based in Dallas, San Francisco or New York City, with base salary between $120,000 and $150,000, plus annual bonus and benefits.

Qualifications

• 3+ years of proven experience originating/investing in and/or asset managing commercial real estate equity and/or credit across asset classes.
• Experience across geographies and capital stacks is a plus; equity experience is most critical.
• Ability to perform analysis, frame complex scenarios and provide clear recommendations.
• Strong proficiency in Excel and Argus.
• Self-starter with initiative; able to multi-task in a high-volume environment.
• Strong verbal and written communication abilities.
• Structured problem solver who synthesizes information into actionable recommendations.
• Ability to collaborate across multiple teams and manage priorities.

Responsibilities

• Understand and take an ownership view of assets/positions, markets and business plans for each investment.
• Carefully monitor positions, reviewing borrower/partner reporting and flag key issues.
• Key point of contact for operating partners/borrowers/service providers for day-to-day asset management.
• Actively participate in standing calls with partners/borrowers for each investment/position.
• Perform ad hoc analysis for asset management decisions (approvals, leasing, capex, modifications).
• Drive and coordinate internal operations processes (cash management, distributions, contributions, draw review, document review/negotiation/execution).
• Drive quarterly firmwide processes – Valuation Committee, Portfolio Review, etc.
• Assist with setting up key asset management processes on the front end of new investments/originations.

Job description

Job Description

About The U.S. Real Estate Asset Management Team

The U.S. Real Estate Asset Management team’s purpose is to maximize the value of the U.S. Real Estate portfolio through hands on asset management and to provide detailed, accurate and actionable reporting, thereby providing leverage to the overall platform. The U.S. Real Estate team is responsible for generating strong risk-adjusted returns by investing in platforms, portfolios, individual assets and loans across sectors (the investment process is led by the deal team). U.S. Real Estate is a strategic area of focus for Sixth Street, and this role is an opportunity to join a fast-growing team and partner in the expansion of a priority business line.

Job Description

About The U.S. Real Estate Asset Management Team

The U.S. Real Estate Asset Management team’s purpose is to maximize the value of the U.S. Real Estate portfolio through hands on asset management and to provide detailed, accurate and actionable reporting, thereby providing leverage to the overall platform. The U.S. Real Estate team is responsible for generating strong risk-adjusted returns by investing in platforms, portfolios, individual assets and loans across sectors (the investment process is led by the deal team). U.S. Real Estate is a strategic area of focus for Sixth Street, and this role is an opportunity to join a fast-growing team and partner in the expansion of a priority business line.

The Role

This is a full-time associate role based in Dallas, San Francisco or New York City. This role will specialize in U.S. Real Estate, report to the Head of Asset Management for U.S. Real Estate and collaborate with members of the U.S. Real Estate team on the asset management of its portfolio.

Core Responsibilities

• Understand and take an ownership view of the assets/positions, markets and business plans for each investment
• Carefully monitor positions, reviewing borrower/partner reporting and flagging key issues
• Key point of contact for operating partners/borrowers/service providers for day-to-day asset management
• Actively participate in standing calls with partners/borrowers for each investment/position
• Perform ad hoc analysis for key asset management decisions (approvals, leasing, capex, modifications)
• Drive and coordinate internal operations processes (cash management, recommending and processing distributions and contributions, draw review and processing for construction deals, coordinate document review/negotiation/execution)
• Drive quarterly firmwide processes – Valuation Committee, Portfolio Review, etc. (senior asset management and deal team members to review and approve valuations/materials)
• Assist with setting up key asset management processes on the front end of new investments/originations

What We Value

• Highly motivated, entrepreneurial, and team-oriented candidates
• Strong finance and modeling skills, ideally within the real estate space
• Commercial and results orientation
• Team orientation and influencing skills
• High trust and integrity
• Strategic and entrepreneurial mindset
• Strong combination of organizational and interpersonal/communication skill

Preferred

• At least 3 years of proven experience originating/investing in and/or asset managing commercial real estate equity (and/or credit) positions across a variety of asset classes
• Experience in multiple geographies and across the capital stack a plus (equity experience most critical to success in the role)
• Ability to perform analysis, frame-up complex scenarios and provide clear and substantive recommendations
• Strong proficiencies in Excel and Argus
• Outstanding initiative and comfort being a self-starter
• Ability to multi-task and maintain composure in a high-volume environment
• Strong sense of urgency; ability to execute quickly and efficiently with strong attention to detail
• Strong verbal and written communication abilities
• Structured problem solver who is able to synthesize sophisticated information from a variety of sources into implementable recommendations and solutions
• Ability to collaborate effectively across multiple teams
• Strong prioritization and project management skills
• Comfort working in a high growth, iterative environment

Compensation

The base salary for this position is expected to be between $120,000 and $150,000. The base salary offered to the selected candidate will be commensurate with a candidate’s relevant experience and other qualifications for the position, as determined by Sixth Street in its sole discretion. In addition to base salary, this position is eligible for an annual discretionary bonus and a competitive benefits package. Benefits offered currently include health, life, long-term and short-term disability insurance and a 401(k) plan. In addition, this role is eligible for paid public holidays (NYSE calendar), paid sick days pursuant to local laws, and additional reasonable time off subject to manager approval. If a job offer is extended for a location other than Dallas, New York or San Francisco, the salary range may differ based on the location.

About Sixth Street

Founded in 2009, Sixth Street is a leading global investment firm dedicated to developing themes and offering solutions to companies across all stages of growth.

Our firm is designed for cross-platform collaboration at scale: we build businesses, invest for growth, acquire assets, provide direct financing, identify value in public markets, purchase royalty streams, and regularly develop first-of-their-kind structures to meet the strategic objectives of management teams.

We do all this globally and as one unified team of investment and control-side professionals working on behalf of our institutional investors and their beneficiaries around the world.

Sixth Street is proud to be an Equal Opportunity employer. We do not discriminate based upon race, religion, color, national origin, genetic history, marital status, gender (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity, gender expression, age, veteran or military status, disability, genetic predisposition, status as a victim of domestic violence, a sex offense or stalking, or any other class or status in accordance with applicable federal, state and local laws.

Pursuant to the San Francisco Fair Chance Ordinance, Sixth Street will consider for employment qualified applicants with arrest and conviction records.

If you need a reasonable accommodation to fill out this application, please contact Cindy Bombara.

Please refer to the privacy notice on our website for additional information regarding our obligations under the California Consumer Privacy Act (“CCPA”).

If you are not eligible for this role, please refer to our Careers Page for other opportunities.