Real Estate Associate, Investment and Asset Management, Nordics

TIAA; United States; Remote; USD 70,000 - 110,000; Full time

Job summary

An established industry player seeks a dynamic Associate to join a vibrant team focused on asset and portfolio management in the Nordic real estate market. This role offers the opportunity to engage with operating partners and property managers, ensuring attractive returns for investors. The ideal candidate will leverage strong financial modelling skills and local market knowledge to support investment sourcing and asset management initiatives. With a commitment to diversity and inclusion, this forward-thinking company fosters a collaborative environment where your contributions will significantly impact the success of the organization. If you are passionate about real estate and eager to make a difference, this is the perfect opportunity for you.

Qualifications

• Strong knowledge of Nordic real estate investment and occupier markets.
• Experience in financial modelling and asset management.

Responsibilities

• Build a network across the Nordic region for investment opportunities.
• Manage asset management initiatives and oversee third-party teams.

Skills

Financial Modelling

Analytical Skills

Communication Skills

Negotiation Skills

Asset Management

Market Knowledge

Education

Bachelor's degree in Finance or Real Estate

Master's degree (preferred)

Job description

Join an entrepreneurial team within Nuveen Real Estate, one of the largest investment managers in the world with $147 billion of assets under management.

With over 85 years of real estate investing experience and more than 785 employees located across over 30 cities throughout the United States, Europe and Asia Pacific, the platform offers unparalleled geographic reach, which is married with deep sector expertise.

The Nordic team is made of 4 professionals, €2.0 billion of assets across asset classes across all the Nordic countries. The team is made up of investment and asset management professionals placed in Helsinki and Copenhagen.

Overview of the Role

The Associate will be part of a dynamic team working on active asset- and portfolio management across the region and sectors, with a primary focus on the logistics, housing and alternative real estate exposure. This includes regular dialogue with operating partners, property managers and internal Nuveen stakeholders, to ensure we are able to deliver attractive returns to investors.

Moreover, the Associate is expected to build relations across the region to support the sourcing of new investments and ensure that the Nuveen brand is well regarded.

The person fulfilling the role will work alongside several of the sector specific European teams to ensure that Nuveen is able to manoeuvre its investment themes in the Nordic region, and also ensure that we constantly are able to focus our assessment of sector targets from acquisition and disposal perspective.

The teams are spread across multiple European locations, with the main investment management hub being based in London, fund management and analyst support in London & Frankfurt, and back office support in London and Luxembourg. Regular dialogue and supporting these teams are key to succeed in the role.

Main Duties and Responsibilities

Investment

• Building a network across the Nordic region across sectors between agents, operating partners, investment banks and similar to ensure that Nuveen gets access to a preferential pipeline.
• Be instrumental in the investment review process from a financial modelling and investor presentation perspective. High quality financial modelling and presentation skills required.
• Be able to take ownership of due diligence efforts performed during both acquisition and divestment processes.
• Assist with liquidity events, including refinancing or disposal.

Asset management

• Direct involvement and responsibilities for new and ongoing asset management initiatives, including communicating with third-party teams, in-house counsel and third-party legal teams.
• Oversight of third-party leasing teams, property management supporting the assets.
• Design and administration of capital expenditures decisions within the portfolio and working with the NRE development team on oversight and guidance to all third-party construction managers, contractors.
• Oversee third party operating partners to execute the business plan (leasing activity, capex activity, operating activity) and review quarterly reporting for content and accuracy.
• Manage the annual budget process, reforecasting and strategic plan for assets under management, as well as regular updates on actuals versus budgets.
• Be a point person towards external lender relations for regular reporting and performance update on existing assets (compliance reporting, monitor debt covenants, debt service, performance updates).
• Responsible for accuracy and timeliness of management reporting on the portfolio, as well as assisting in the compilation of internal asset management portfolio reports.
• Liaise with property appraisers on valuation process, providing relevant updates, reviewing methodology and validating outputs.
• Maintaining and applying strong local market knowledge (i.e., competition, supply pipeline, demand drivers, major tenants, market absorption).

Technical Skills & Qualifications Required

• Strong knowledge of the Nordic real estate investment and occupier markets, across all sectors.
• Proven ability to animate an agent network, screen the market, look for new investment opportunities and follow them up.
• Proven ability to ‘hands on’ asset management, and efficient dialogues with operating partners.
• Some abilities for development management would be appreciated.
• Strong knowledge of local regulations.

Competencies Required

• Very strong financial, analytical and modelling skills.
• Strong communication and negotiation skills.
• Fluent English speaker, alongside preferable knowledge of one or two Nordic languages.
• Good team player contributing to the success of Nuveen Real Estate (the role involves regular liaison with regional offices).
• Act in line with Nuveen Real Estate’s Company Values.
• Given the Nordic exposure of the platform, regular travel across the Nordic region, alongside frequent visits to the main Nuveen hubs in Europe is required.

Additional Information

This role requires no regulatory designation.

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

Nuveen 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. Please contact [e-mail] should you require any assistance.

Company Overview

Nuveen is the investment management arm of TIAA. It is one of the largest global asset managers with specialist knowledge across a wide array of asset classes, including fixed income, listed equities and alternatives. Nuveen is driven not only by the independent investment processes across the firm, but also the insights, risk management, analytics and other tools and resources a truly world-class platform provides.

As a global asset manager, our mission is to work in partnership with our clients to create outcome-focused solutions to help them secure their financial future. For more information about the firm please visit our website at www.nuveen.com.