Asset & Wealth Management, Real Estate Asset Management, Vice President

Asset & Wealth Management Divisional Overview

A career with Goldman Sachs Asset & Wealth Management is an opportunity to help clients across the globe realize their potential, while you discover your own. As part of one of the world's leading asset managers with over $3.14 trillion in assets under supervision globally, you can expect to participate in exciting investment opportunities while collaborating with talented colleagues from all asset classes and regions and building meaningful relationships with your clients. Working in a culture that values integrity and transparency, you will be part of a diverse team that is passionate about our craft, our clients, and building sustainable success. Bringing together traditional and alternative investments, Goldman Sachs Asset & Wealth Management provides clients around the world with a dedicated partnership and focus on long-term performance. As the primary investment area within Goldman Sachs, we provide investment and advisory services for pension plans, sovereign wealth funds, insurance companies, endowments, foundations, financial advisors and individuals.

Business Unit Overview

The Real Estate investing platform within Goldman Sachs Asset and Wealth Management is overseen by a global investment committee that directs the firm's strategy in real estate and approves investments in the US, Europe and APAC. Teams invest and manage across the full expanse of risk categories and sectors, in both equity and credit, with a focus on thematic strategies, acquisitions and development, platform creation and special situations.

Job Description

Goldman Sachs Asset Management Real Estate seeks a Vice President within our Housing Vertical (Multifamily, Student Housing, Senior Housing, Hospitality) Asset Management with 7-10 years of direct asset management experience with strong communication skills and work ethic, with the ability to collaborate with an internal team of professional and external business partners. Candidates with diverse product experience preferred, as the role may also involve managing assets within the Commercial and Industrial space.

Key Responsibilities:

• Formulate and execute asset management strategies to maximize asset performance through knowledge of real estate markets and value-add strategies
• Lead the annual development and execution of business plans by directly managing property management, leasing, accounting, legal, appraisal, tax, and research teams, along with external consultants.
• Develop expertise in the portfolio's geographic markets, focusing on competitive properties, supply forecasts, institutional transactions, and regional economic factors influencing asset values
• Support prospective acquisitions, including assessing financial projections and operational plans.
• Review and analyze various asset reports from third parties, including monthly PMC operating reports, accounting files, CapEx projections and monthly Rent Rolls
• Lead disposition efforts of real estate assets including contract negotiation, transaction management and closing
• Engage and provide oversight of third parties (joint venture partners and service providers), which perform the day-to-day operations of the assets, including, but not limited to operating partners and property management companies, conduct weekly / monthly calls and asset visits, negotiate commercial leases
• Establish strategic goals for the asset including leasing and disposition strategy

Desired Skills and Qualifications:

• Bachelor's degree - Finance, Economics and/or Real Estate is required
• 7-10 years of directly relevant work experience in a real estate asset management capacity, preferably at a top-tier investment management, private-equity, or advisory firm
• Working relationships within real estate industry (i.e. brokers, operators, developers)
• Motivated and collaborative individual who can be successful working as part of a cross-functional team with a results-oriented mindset
• Effectively manage and develop junior resources
• Strong qualitative, problem-solving skills, oral and written communication skills
• Ability to work multiple capital sources; prioritize, balance and execute projects
• Flexibility and adaptability to various changing market dynamics and investing mandates
• Travel an average of 20-30% annually to cover assigned markets, meet with partners, brokers, and teams. Manage property teams through regular site visits and market tours.