Real Estate Asset Management Vice President
About The U.S. Real Estate Asset Management Team
The U.S. Real Estate Asset Management team’s purpose is to maximize the value of the U.S. Real Estate portfolio through hands on asset management and to provide detailed, accurate and actionable reporting, thereby providing leverage to the overall platform. The U.S. Real Estate team is responsible for generating strong risk-adjusted returns by investing in platforms, portfolios, individual assets and loans across sectors (the investment process is led by the deal team). U.S. Real Estate is a strategic area of focus for Sixth Street, and this role is an opportunity to join a fast-growing team and partner in the expansion of a priority business line.
The Role
This is a full-time role. There is a preference for this role to be based in Dallas, TX but strong San Francisco and/or New York based candidates may also be considered. As a Vice President of Asset Management on the U.S. Real Estate team, you will be responsible for driving business plan execution, partner/borrower interaction, internal processes and reporting/valuations for a sub-set of the U.S. Real Estate Portfolio. This person should have a knowledge of industry and macroeconomic conditions, as well as key drivers and fundamentals in major real estate asset classes.
Core Responsibilities
- Understand and take an ownership view of the assets, markets and business plans for each investment
- Carefully track and help drive business plan execution
- Main point of contact for operating partners/borrowers/service providers for asset management
- Lead (from the Sixth Street side) on standing calls with partner/borrower for each investment
- Review all partner/borrower reporting and flag key issues
- Perform ad hoc analysis for key asset management decisions (leasing, capex, modifications)
- Drive and coordinate internal operations processes (cash management, recommending and processing distributions and contributions, draw review and processing for construction deals, coordinate document review/negotiation/execution)
- Drive quarterly firmwide processes – Valuation Committee, Portfolio Review, etc. (senior deal team members to review and approve valuations/materials)
- Lead annual business plan discussions (from Sixth Street side)
- Assist with setting up key asset management processes on the front end of new investments
- Assist Head of US Real Estate Asset Management in the continued buildout of internal processes and procedures and portfolio management tools (reporting, tracking)
What We Value
- Highly motivated, entrepreneurial, and team-oriented candidates
- Strong finance and modeling skills, ideally within the real estate space
- Commercial and results orientation
- Team orientation and influencing skills
- High trust and integrity
- Strategic and entrepreneurial mindset
- Strong combination of organizational and interpersonal/communication skills
Preferred
- At least 7 years of proven experience investing in and/or asset managing commercial real estate across a variety of asset classes
- Experience in multiple geographies and across the capital stack preferred (equity experience most critical to success in the role)
- Ability to perform analysis, frame-up complex scenarios and provide clear and substantive recommendations
- Strong proficiencies in Excel and Argus
- Outstanding initiative and comfort being a self-starter
- Ability to multi-task and maintain composure in a high-volume environment
- Strong sense of urgency; ability to execute quickly and efficiently with strong attention to detail
- Strong verbal and written communication abilities
- Structured problem solver who is able to synthesize sophisticated information from a variety of sources into implementable recommendations and solutions
- Ability to collaborate effectively across multiple teams
- Strong prioritization and project management skills
- Comfort working in a high growth, iterative environment
About Sixth Street
Founded in 2009, Sixth Street is a leading global investment firm dedicated to developing themes and offering solutions to companies across all stages of growth.
Our firm is designed for cross-platform collaboration at scale: we build businesses, invest for growth, acquire assets, provide direct financing, identify value in public markets, purchase royalty streams, and regularly develop first-of-their-kind structures to meet the strategic objectives of management teams.
We do all this globally and as one unified team of investment and control-side professionals working on behalf of our institutional investors and their beneficiaries around the world.
We believe adhering to our core values is a competitive advantage. Everyone on our team contributes their perspectives and expertise to help us solve complex challenges and get to the right answer. At Sixth Street, the best idea wins.
For more information, visit the Sixth Street Careers site or follow us on LinkedIn.
Sixth Street is proud to be an Equal Opportunity employer. We do not discriminate based upon race, religion, color, national origin, genetic history, marital status, gender (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity, gender expression, age, veteran or military status, disability, genetic predisposition, status as a victim of domestic violence, a sex offense or stalking, or any other class or status in accordance with applicable federal, state and local laws.
Pursuant to the San Francisco Fair Chance Ordinance, Sixth Street will consider for employment qualified applicants with arrest and conviction records.
If you need a reasonable accommodation to fill out this application, please contact Cindy Bombara (cbombara@sixthstreet.com).
Please refer to the privacy notice on our website for additional information regarding our obligations under the California Consumer Privacy Act (“CCPA”).
If you are not eligible for this role, please refer to our Careers Page for other opportunities.