Asset Management Associate - Real Estate Investing - Associate

Morgan Stanley Investment Management (“MSIM”), together with its investment advisory affiliates, has more than 1,100 investment professionals around the world and $1.3 trillion in assets under management or supervision as of December 31, 2022. Morgan Stanley Investment Management strives to provide strong long-term investment performance, outstanding service and a comprehensive suite of investment management solutions to a diverse client base, which includes governments, institutions, corporations and individuals worldwide.

Morgan Stanley Real Estate Investing (“MSREI”) is the global private real estate investment management business of Morgan Stanley. One of the most active property investors in the world for over three decades, MSREI employs a patient, disciplined approach through global value-add / opportunistic and regional core real estate investment strategies. With 17 offices throughout the U.S., Europe and Asia, regional teams of dedicated real estate professionals combine a unique global perspective with local presence and significant transaction execution expertise. MSREI currently manages $57 billion of gross real estate assets worldwide on behalf of its clients.

As a member of Morgan Stanley Real Estate Investing’s U.S. Asset Management team, the individual will play an integral role working with all senior staff members in fulfilling specific property and/or portfolio level responsibilities. Responsibilities will focus on providing analytical support for the asset management team utilizing Argus cash flow and Excel software.

Primary Responsibilities

• Cash flow analysis

­ Sensitivity analyses

­ Update quarterly cash flow models

­ Perform annual asset valuations

­ In-depth valuation and hold/sell analyses

• Analyze and review leases
• Prepare quarterly client reports
• Review and assist in preparation of budgets and preparation of strategic plans
• Coordinate and review third-party independent appraisals as wells as preparation of internal valuations
• Work directly with asset managers, leasing and property management teams on approximately 30 - 35 assets
• Participate in ad hoc analyses on a national basis
• Assist with acquisition and disposition due diligence and asset financings

Skills/Experience/Education Required

• High commitment and strong self-motivation
• Strong work ethic
• Proactive; self motivated and goal oriented
• Ability to work within a team and under tight deadlines
• Knowledge of appraisal fundamentals
• Committed to delivering the highest quality work product; strong attention to detail
• Strong analytical and financial skills
• Strong working knowledge of cash flow modeling; Dyna and/or Argus
• 1 to 4 years of real estate experience required
• Strong communication skills given the need to communicate effectively in oral and written form with clients, property staff, colleagues and members of the real estate community
• Ability to effectively prioritize and handle multiple tasks
• BA/BS required; MBA or Masters Degree preferred

Wage Transparency Statement

Expected base pay rates for the role will be between $110,000 and $125,000 per year at the commencement of employment. However, base pay if hired will be determined on an individualized basis and is only part of the total compensation package, which, depending on the position, may also include commission earnings, incentive compensation, discretionary bonuses, other short and long-term incentive packages, and other Morgan Stanley sponsored benefit programs.

Morgan Stanley's goal is to build and maintain a workforce that is diverse in experience and background but uniform in reflecting our standards of integrity and excellence. Consequently, our recruiting efforts reflect our desire to attract and retain the best and brightest from all talent pools. We want to be the first choice for prospective employees. It is the policy of the Firm to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, religion, creed, age, sex, sex stereotype, gender, gender identity or expression, transgender, sexual orientation, national origin, citizenship, disability, marital and civil partnership/union status, pregnancy, veteran or military service status, genetic information, or any other characteristic protected by law. Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M/F/Disability/Vet).

Posting Date

Jun 15, 2023

Primary Location

Americas-United States of America-California-San Francisco

Job

Investing

Employment Type

Full Time

Job Level

Associate