Nuveen’s in-house asset management team takes a hands-on approach in optimizing cash-flow and minimizing risk exposures, as well as evaluating challenges and opportunities. This role requires working in a highly collaborative environment, to drive returns. The position will report to the Head of Self-Storage Asset Management and will be a part of the broader Nuveen Alternatives Housing team.

Key Responsibilities And Duties

• Responsible for helping manage an existing, and growing, portfolio of real estate assets within the self-storage sector across a variety of risk-profiles (core, core-plus, value-add, and development).
• Regularly engage with operating partners to ensure Nuveen’s interests and performance in investments is maximized.
• Helps in the preparation and review of annual business plans, operating budgets, capital budgets, as well as monitor actual performance against these budgets throughout the year.
• Conducts financial analysis/modeling to assess current and projected performance of investments.
• Supports in the assessment of capital needs/expenditures of each property and works with operating partners to develop a long-term capital plan for the portfolio that corresponds to stated strategy.
• This includes identifying and executing on assets in the portfolio that should be candidates for 1) conversions to climate / temperature controlled, as well as 2) expansion opportunities.
• Monitor capital improvements and draw requests.
• Assist in the preparation of property activities and ensure quality of deliverables (monthly, quarterly, annual, and ad hoc) including review of all financial data, variance explanations, compliance reporting obligations, property audits, other key reports.
• Supports the transactions team in underwriting, due diligence, and on-boarding activities, for new assets, as necessary. Additionally, helps strategize and prepare owned assets for disposition/recapitalization, to optimize returns.
• Research current issues impacting the real estate management business that may affect the company’s existing and future portfolio.
• In addition to financial aspects, the Associate is responsible for supporting the implementation of ESG, technology and other broader Nuveen initiatives.
• Possesses knowledge of current real estate market conditions for submarkets in which assets are located.
• Performs and reviews quarterly valuations/appraisals for specific fund requirements.

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