Real Estate Asset Management Associate

Real Estate Asset Management Associate

Job Number : 3257598

3257598

Posting Date

Aug 15, 2024

Primary Location

Americas-United States of America-Massachusetts-BostonEducation Level : Bachelor's Degree

Asset / Investment ManagementEmployment Type : Full TimeJob Level : Associate

Description

Morgan Stanley Investment Management (MSIM) is one of the largest global asset management organizations of any full-service securities firm, with more than 40 years of history, a presence in 24 countries, and a total of $1.

5 trillion in assets under management as of March 31, 2024. MSIM strives to provide outstanding long-term investment performance, service and a comprehensive suite of investment management solutions to a diverse client base, which includes governments, institutions, corporations and individuals worldwide.

The successful candidate will be a key member of REIG’s Asset Management team and perform a variety of financial functions, including forecasting, leasing / investment analysis, budget preparation, and the completion of quarterly and ad-hoc reports.

Collaborating closely with the Director of Asset Management and six Asset Managers, the associate will provide support to the entire REIG team in the monitoring and oversight of the performance of the overall portfolio.

REIG oversees 130+ properties located across the U.S. with an aggregate value more than $8 billion. The majority of the portfolio is comprised of multifamily properties, with the remainder including industrial, retail, ground lease and office investments.

The associate will be responsible for the preparation and validation of monthly and quarterly financial reports, annual budgets, and cash flow modeling.

Role

• Support the monitoring and management of commercial real estate investments from initial close through disposition.
• Assist in the preparation of business plans, cash flow projections, monthly / quarterly reporting, and oversight of capital plan and execution of asset-level business plans.
• Develop and maintain comprehensive reporting packages to assist in monitoring performance in all critical areas : revenues, expenses, lease trends, occupancy, etc.
• Prepare and maintain files for each property providing information on buildings, contracts, property insurance, and other operational data.
• Support group activities including research projects, new supply / competition reports, potential dispositions, expense analysis, and budget vs. actual comparisons.
• Roll up property, market, and fund level performance, as required.
• Assist with quarterly internal valuation calculations and ensure consistency in format and methodology.
• Utilize asset management systems to develop analytical tools, including refining reports from researched material and / or data collected to evaluate and report on the primary characteristics of the portfolio.
• Assist property tax tracking for the portfolio including assessments, litigation and appeals.
• Implement processes to improve tracking and ensure best outcomes for appeals.
• Research market conditions and present to REIG to ensure the group is current on key trends.
• Prepare ad hoc reports / projects for Senior Asset Managers, the Director of Asset Management and Director of the Real Estate Investment Group.
• Opportunity to obtain responsibility for day-to-day oversight of property processes / performance to gain critical asset management experience.

Qualifications

• Bachelor’s degree or higher in Finance, Accounting, Business, Real Estate, or a similar field.
• 2 3 years of experience in a financial analyst role or similar professional experience within the commercial real estate industry.
• Strong analytical and quantitative skills with the ability to create financial reports and analysis.
• Willing to travel periodically to tour markets and properties.
• Systems-oriented with proficient knowledge of Microsoft Office Suite and the ability to work with database systems.
• Working knowledge / strength in Argus, RealPage and Excel modeling preferred.
• Ability to provide thoughtful, detailed analysis.
• Strong attention to detail and organizational skills with the ability work on multiple projects.
• Excellent verbal, written and interpersonal communication skills and the ability to interact with a broad constituency.

Morgan Stanley's goal is to build and maintain a workforce that is diverse in experience and background but uniform in reflecting our standards of integrity and excellence.

Consequently, our recruiting efforts reflect our desire to attract and retain the best and brightest from all talent pools.

We want to be the first choice for prospective employees.

It is the policy of the Firm to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, religion, creed, age, sex, sex stereotype, gender, gender identity or expression, transgender, sexual orientation, national origin, citizenship, disability, marital and civil partnership / union status, pregnancy, veteran or military service status, genetic information, or any other characteristic protected by law.

Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M / F / Disability / Vet).