TIAA · 12 hours ago
Director, Housing Transactions
Chicago, IL, USA
Full-time
Hybrid
Mid Level
3+ years expTIAA is a global investment leader managing public and private assets. The Director of Housing Transactions will manage acquisitions, dispositions, and joint ventures of Nuveen’s real estate portfolio, focusing on investment opportunities and strategic relationships in major Western Region markets.
FinanceFinancial ServicesLife Insurance
Responsibilities
Sources new housing acquisition opportunities and tracks active deals in the market. Is an in-house expert on its market coverage, fundamentals and pricing and an internal source of real time market information and transactions. This sourcing to occur with both brokers and direct/off market opportunities
With the investment team, this role leads the underwriting and analyzes property information and market research of potential real estate investment opportunities that support the company’s strategic objectives
Coordinates the compliance of all requirements for the closing and funding of real estate acquisition and development transactions
Maintains external relationships with key market participants, investment sales, and lenders
Investigates increased efficiencies in the budgeting and operations of real estate and property assets
Oversees and leads the due diligence process for asset acquisition and disposition opportunities
Evaluates investments and investment returns based on discounted cash flows, return on cost, development spreads and third-party leverage; analysis also to include impact of value-added opportunities, leverage, and joint venture structures
Leads the disposition process of housing investments across certain markets, including securing internal approvals and negotiation of key deal-related documentation
Manages and mentors junior staff in connection with the investment process. Provides feedback to the junior staff and helps grow them within the organization
Prepares and oversees all investment authorizations and assures that all financial, market and risk analyses are correct and accurate
Oversees (or undertakes directly) the coordination and compliance with all requirements for closing and funding of transactions
Regularly travels to various markets for purposes of deal sourcing, evaluation, relationship building and obtaining market information
Active with various multifamily panels and conferences
Qualification
Required
3+ years of direct multifamily acquisition/disposition experience
Preferred
7+ years of direct multifamily acquisition/disposition experience
Demonstrable track record of investment activity, preferably within the housing sector
Advanced analytical/reasoning skills to analyze disparate information flows based on market specific practice into a meaningful, relative-value basis
Advanced reasoning skills to effectively and timely identify viable investment opportunities which meet the long and short-term goals of multiple investor clients
Experienced and proficient in Excel
Master's Degree
30% travel
Benefits
Superior retirement program
Highly competitive health, wellness and work life offerings
Company
TIAA
TIAA is a financial services company that specializes in providing retirement plans, IRAs, mutual funds, and life insurance.
10001+ employees
Funding
Current Stage
Late StageLeadership Team
Roger Ferguson
Former President and CEO
Thasunda Duckett
President & CEO
Recent News
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