Associate / Senior Associate – U.S. Residential Alternatives, New York

Tishman Speyer creates vibrant destinations and dynamic environments that inspire innovation and connected communities. As a diversified developer, operator, and investment manager of top-tier real estate in 33 markets across the globe, our business choices are driven by the belief that real estate should unlock human potential. Tishman Speyer’s diversified portfolio spans market rate and affordable residential communities, premier office properties and retail spaces, industrial facilities, and mixed-use campuses. We create state-of-the-art life science centers through our Breakthrough Properties joint venture, and foster innovation through our strategic proptech investments. By combining global perspective with local expertise and a personalized approach, we anticipate our customers’ evolving needs. We were the first real estate company to introduce asset-wide amenity services through our ZO platform, and the first traditional real estate company to create its own flexible space and coworking brand, Studio.

About the role

We are seeking an associate or senior associate to join the U.S. Residential Alternatives team for an immediate start in our New York office. The U.S. Residential Alternatives team currently focuses on student housing and age-restricted (active adult) housing investment and development nationally. The individual will be responsible for evaluating potential acquisitions and developments and participating in setting the acquisition strategy in these asset classes. This position will require periodic travel. Tishman Speyer has $2.5B in equity commitments across its development, value-add, and core-plus strategies which it is actively seeking to deploy across the US. The role will involve working with teams across our core functions, including: portfolio management, asset management, development, equity & debt capital markets, property management, corporate strategy, innovation, design and construction, and third party teams.

Responsibilities

• Underwrite stabilized, value-add and development investment opportunities using Excel to develop pro forma cash flows and sensitivity analyses
• Collaborate internally and with third parties to generate operating business plans and key assumptions
• Assist with due diligence process associated with acquisitions and developments including performing feasibility analyses, costing analyses, detailed entitlement processes, financial underwriting and debt financing
• Perform robust market research – through third-party data providers and communication both internally and with local brokers – to compile relevant lease comparable, sale comparable, competitive sets, development pipelines, and general market data to inform underwritings
• Prepare presentation materials and proposals with responsibility for written and graphic requirements

Requirements

• 3-6 years of experience in an analytically rigorous Real Estate or Finance environment
• Experience with residential investing and student housing or age-restricted housing a plus
• Evident passion for real estate and desire to build a career on the principal side
• Motivated with curiosity and desire for continued growth
• Strong creative problem-solving skills
• Effective written and oral communication skills
• Proficiency in Excel and financial modeling
• The ability to work effectively with both peers and senior executives in a highly entrepreneurial, team-oriented environment
• Consistent attention to detail

Benefits

• Comprehensive medical, dental, and vision insurance
• Life and disability insurance
• 401(k) plan with matching contributions
• Wellness benefits
• Discretionary annual bonus

Pay

The base compensation range for this role is $120,000 to $150,000. This range reflects factors including relevant experience, skill sets, and/or licensure required, and is specific to New York-based team members.

Tishman Speyer is deeply committed to creating and maintaining a diverse workforce which promotes different views and perspectives. We expect our leaders and employees alike to champion diversity and inclusion practices. Tishman Speyer has several employee affinity and interest groups that provide opportunities to develop professional relationships across the business and identify opportunities for development and advancement.