Real Estate Asset Management Associate

1074 Sixth Street Opportunities Partners, L.P.; Texas; On-site; USD 120,000 - 180,000; Full time

Job summary

Sixth Street's U.S. Real Estate Asset Management team seeks an associate to specialize in U.S. Real Estate, reporting to the Head of Asset Management for U.S. Real Estate, and collaborating with team members on portfolio asset management.

The role is full-time and based in Dallas, San Francisco or New York City, with responsibilities spanning asset plans, performance monitoring, partner coordination, ad hoc analyses, and supporting quarterly valuations and portfolio reviews.

Qualifications

• Strong finance and modeling skills within real estate.
• Proficiency with Excel and Argus for asset management analytics.
• Experience originating/investing in and/or asset managing CRE assets is preferred.

Responsibilities

• Understand and own asset/position plans, markets and business plans for each investment.
• Monitor positions, review borrower/partner reporting, flag key issues.
• Be the main contact for operating partners and service providers in day-to-day asset management.
• Participate in standing calls with partners/ borrowers and support ad hoc analyses.
• Drive internal processes: cash management, distributions, contributions, draw review.
• Support quarterly valuation and portfolio review processes.

Skills

Finance

Modeling

Real estate

Excel

Argus

Tools

Excel

Argus

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

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. We believe adhering to our core values is a competitive advantage. Everyone on our team contributes their perspectives and expertise to help us solve complex challenges and get to the right answer. At Sixth Street, the best idea wins. For more information, visit the Sixth Street Careers site or follow us on LinkedIn.

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 ([e-mail]). 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.

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.

Founded in 2009, Sixth Street is a global, multi-strategy private capital investment firm. We are dynamic by design, pairing the flexibility of our long-term capital with a focus on identifying the best relative risk-reward in any asset class, any industry, around the globe. With more than 750 team members across 14 offices worldwide, Sixth Street is built as One Team for one purpose: to deliver investing excellence for our capital partners, companies and management teams. We are disciplined investors focused on capital preservation and compounding returns across market cycles, and we partner with leading founders and management teams to help realize their boldest ambitions. For more information, visit www.SixthStreet.com or follow us on LinkedIn.