Associate, Self-Storage Asset Management

The Associate, Self-Storage Asset Management position is responsible for helping maximize the value of the organization's self-storage real estate portfolio through ensuring the active support of managing, leasing, renovations + expansions, and recapitalization / dispositions of domestic real estate investments.

Nuveen currently owns approximately $2.8 billion of self-storage assets, in the U.S., making it one of the largest private investors of self-storage in North America. Nuveen’s self-storage exposure stretches across several joint-venture partners and operators, including a platform it has invested in and is actively growing.

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.

Educational Requirements

• University (Degree) Preferred

Work Experience

• 2+ Years Required; 3+ Years Preferred

Physical Requirements

• Physical Requirements: Sedentary Work

Career Level

6IC

Required Qualifications:

• 2+ years of commercial real estate experience.

Preferred Qualifications:

• 3+ years of commercial real estate asset management and/or acquisition, preferably within self-storage.
• Self-storage experience.
• Argus experience
• Bachelor's degree, preferably in Business, Finance, Real Estate, Accounting, or other relevant areas.
• Excellent interpersonal and communication skills, both written and verbal.
• Possess strong knowledge of commercial real estate fundamentals, including operations and analysis, budgeting, financial reporting, cash management and general finance and accounting principals.
• Self-motivated with strong analytical and quantitative skills
• Proficiency in full suite of Microsoft Office products (Excel, PowerPoint and Word) and Yardi.
• Travel required.

Related SkillsConstruction Management, Due Diligence, Financial Acumen, Financial Analysis, Financial Risk Management, Financial Statements, Market/Industry Dynamics, Organizational Savviness, Real Estate Investments, Real Estate Property Management

Anticipated Posting End Date:

Actual base salary may vary based upon, but not limited to, relevant experience, time in role, base salary of internal peers, prior performance, business sector, and geographic location. In addition to base salary, the competitive compensation package may include, depending on the role, participation in an incentive program linked to performance (for example, annual discretionary incentive programs, non-annual sales incentive plans, or other non-annual incentive plans).

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Company Overview

Nuveen is a global investment leader, managing public and private assets for clients around the world and on behalf of TIAA, our parent company and one of the world’s largest institutional investors. We invest in the growth of businesses, real estate, infrastructure and natural capital, providing clients with the reliability, access and foresight unique to our heritage. Our prevailing perspective on the future drives our ambition to innovate and adapt our business to the changing needs of investors - all to pursue lasting performance for our clients, our communities and our global economy. Visit www.nuveen.com to learn more about us.

Our Culture of Impact

At TIAA, we're on a mission to build on our 100+ year legacy of delivering for our clients while evolving to meet tomorrow's challenges. We equip our associates with future-focused skills and AI tools that enable us to advance our mission. Together, we are fighting to ensure a more secure financial future for all and for generations to come. We are guided by our values: Champion Our People, Be Client Obsessed, Lead with Integrity, Own It, and Win As One. They influence every decision we make and how we work together to serve our clients every day. We thrive in a collaborative in-office environment where teams work across organizational boundaries with shared purpose, accelerating innovation and delivering meaningful results. Our workplace brings together TIAA and Nuveen's entrepreneurial spirit, where we work hard and work together to create lasting impact. Here, every associate can grow through meaningful learning experiences and development pathways-because when our people succeed, our impact on clients' lives grows stronger.

Benefits and Total Rewards

The organization is committed to making financial well-being possible for its clients, and is equally committed to the well-being of our associates. That’s why we offer a comprehensive Total Rewards package designed to make a positive difference in the lives of our associates and their loved ones. Our benefits include a superior retirement program and highly competitive health, wellness and work life offerings that can help you achieve and maintain your best possible physical, emotional and financial well-being. To learn more about your benefits, please review our Benefits Summary.

Equal Opportunity

We are an Equal Opportunity Employer. TIAA does not discriminate against any candidate or employee on the basis of age, race, color, national origin, sex, religion, veteran status, disability, sexual orientation, gender identity, or any other legally protected status.

Our full EEO & Non-Discrimination statement is on our careers home page, and you can read more about your rights and view government notices here.

Accessibility Support

TIAA offers support for those who need assistance with our online application process to provide an equal employment opportunity to all job seekers, including individuals with disabilities.

If you are a U.S. applicant and desire a reasonable accommodation to complete a job application please use one of the below options to contact our accessibility support team:

Phone: (800) 842-2755

Email: [email protected]

Drug and Smoking Policy

TIAA maintains a drug-free and smoke/free workplace.

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