Real Estate Asset Manager Associate, Milan - Milano, Italia - TIAA

Descrizione

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, 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


Overview of the Role:
The Associate will join Nuveen's logistics team.

Responsibilities will include providing assistance to the local Portfolio Manager in its investment activities as well as assistance in the handling of the operational asset management of the Italian industrial property portfolio managed by Nuveen Real Estate currently consisting of 9 logistics properties with an AUM of €225 m.

The Associate will also have to provide local support to Nuveen's retail team with regards to the day -to-day asset management activities of the Italian retail property portfolio.

Key responsibilities:

• Asset Management:
• Assist with limited supervision the local portfolio manager who is responsible for the performance and the operating management of the managed asset.
• Implement the agreed asset management initiatives, capex programme, lease regears and renewals.
• Prepare and complete annual business plans and asset management initiatives.
• Coordinates and supports research in all areas of real estate, including background research, corporate relationships and the valuation and recommendation of the property.
• Instruct, coordinate and supervise external professional teams (incl. property managers, asset managers, leasing agents, communication agencies, lawyers, project managers, etc.).
• Prepare periodic reporting to investors, analysis and explanation of variances.
• Assist in data collection of quarterly/annual property valuation process and review them.
• Collect and ensure the reliability of data that relate to properties under management.
• Investment:
• Assist the local portfolio manager in the underwriting of new investment opportunities.
• Follow the Due Diligence process
• Provide quarterly investment reporting
• Present to Board and Investment committee
• Keep abreast of investment opportunities and successfully communicates information to the investment team.
• Contributes to a pipeline of investment ideas that are in market or coming to market.

Qualifications & Experience Required

• Undergraduate degree
• Relevant professional qualification(s) desirable (e.g. RICS)
• 23 years experience in real estate asset management. Experience in the logistics sector desirable.
• Knowledge and experience of local law concerning lease agreement, legal real estate environment and notions in construction/urbanism
• Understanding of tenant mix, performance, and operations
• Financial, analytical, and modelling skills (experienced user of Excel)
• Experience of Argus AE software desirable

Competencies Required

• Initiative and self‐motivation
• Positive cando attitude, with the drive and ambition to deliver expectations
• Ability to interact effectively with a dispersed and diverse stakeholder group
• Strong communication, both written and oral
• Persuading and influencing
• Teamwork
• Act in line with Nuveen Real Estate's Company Values
• Initiative and self‐motivation
• Positive cando attitude, with the drive and ambition to deliver expectations
• Ability to interact effectively with a dispersed and diverse stakeholder group
• Strong communication, both written and oral
• Persuading and influencing
• Teamwork
• Act in line with Nuveen Real Estate's Company Values
• High proficiency in English and Italian.

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.

Related Skills

Adaptability, Asset/Investment Modeling, Business Development, Communication, Due Diligence, Financial Acumen, Financial Risk Management, Investment Management, Investment Performance Reporting, Investment Reporting Oversight, Market/Industry Dynamics, Negotiation, Opportunity Strategy, Real Estate Investments, Underwriting

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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.

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