What are the responsibilities and job description for the Analyst/ Associate, Development - Boston position at Tishman Speyer?
Tishman Speyer creates vibrant destinations and dynamic environments that inspire innovation and connected communities. As a leading owner, developer, operator and investment manager of first-class 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, including the Enterprise Research Campus in Boston, which recently closed a landmark $750M construction loan, and we foster innovation through our strategic proptech investments. By combining global perspective with local expertise, and a personalized approach, we are able to 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.
Since our founding in 1978, Tishman Speyer has acquired, developed, and operated 522 properties, totaling 218 million square feet, with a combined value of over $129 billion (U.S.). Tishman Speyer currently has approximately $68 billion in assets under management, including iconic properties such as Rockefeller Center in New York City, The Springs in Shanghai, TaunusTurm in Frankfurt, and Mission Rock in San Francisco.
Summary of the Position:
The Analyst / Associate will be located in Tishman Speyer's Boston Regional Office and will join the Boston team leading the development of the Enterprise Research Campus in Allston. This individual will be involved in all aspects of the project including underwriting and financial modeling, coordinating due diligence, investor and lender communications and reporting, managing project budgets, and assisting in project management across all aspects of the project’s design, construction, community engagement, and public approvals process. This role will collaborate across many functions at the firm, including Design & Construction, Debt Capital Markets, Equity Capital Markets, Legal, Leasing, Government & Community relations, Portfolio Management and Operations.
Key Responsibilities:
- Support the Boston development team throughout all aspects of the development process including acquisitions, entitlements, design, construction and fundraising / capital markets activities
- Assist in financial modeling and analysis to evaluate the economic viability of proposed scenarios using ROC calculations, NPV, IRR, and promote waterfalls
- Oversee investor communications and reporting including conducting investor tours, responding to questions and preparing monthly, quarterly and annual project updates, and reports
- Monitor construction progress, budgets, and costs to ensure projects stay on schedule and within budget
- Assist in preparing and presenting memos, analyses and recommendations to senior management
- Stay up to date with industry trends, market conditions, and regulatory changes in order to identify potential opportunities and risks to the project. Maintain industry comps and competitive project data
- Manage the construction loan draw process and lender reporting
- Underwrite future development rights to help formulate development strategy and assist with capital raising for future development
- Assist in the preparation of zoning and entitlement documents and participate in the community engagement process
- Help implement activation and programming initiatives
- Collaborate in a dynamic team environment and interact with senior management and departments across the company
- Foster relationships with management teams, internal and external stakeholders, and consultants
Skills & Qualifications:
- 2-5 years of experience in an analytically rigorous Real Estate or Finance environment
- Unwavering attention to detail
- Excellent written and oral communication skills
- Proficient in Argus and the MS Office suite, including advanced Excel and PowerPoint skills
- Experience with complex financial modeling; familiarity with waterfall modeling
- Self-driven, proactive, and able to work independently while thriving in a collaborative team environment
- Strong project management and creative problem-solving skills
- The ability to work effectively with both peers and senior executives in a highly entrepreneurial, team-oriented environment
- Evident passion for real estate development and desire to build a career on the principal side
The base compensation range for this role is $90,000 to $130,000. This role is also eligible for a discretionary annual bonus, as well as access to our comprehensive medical, dental, and vision insurance, life and disability insurance, 401(k) plan (with matching contributions), wellness benefits and all other benefits afforded to full-time Tishman Speyer employees. This base range reflects a number of factors including, but not limited to, relevant experience, skill sets, and/or licensure required of an individual in this particular role. The base range is also specific to members of Tishman Speyer’s Boston team, as we’ve considered factors specific to this geography.
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 employees opportunities to develop professional relationships across the business and identify opportunities for development and advancement. We are proud to be an Equal Opportunity Employer and treat all applicants for employment equally based upon job-related qualifications and without regards to race, color, age, sex, sexual orientation, gender identity, gender expression, marital status, military or veteran status, national origin, disability, religion, or any other characteristics protected by law.
Tishman Speyer is an equal opportunity affirmative action employer and administers all personnel practices without regard to race, color, religion, sex, national origin, sexual orientation, gender identity or expression, disability, protected veteran status or military status, or any other category protected under applicable law. Tishman Speyer is committed to taking affirmative steps to promote the employment and advancement of minorities, women, persons with disabilities and protected veterans.
Disability Assistance - Tishman Speyer is committed to being an Equal Opportunity Employer and offers opportunities to all job seekers, including job seekers with disabilities. If you are a qualified individual with a disability or a disabled veteran, you may request a reasonable accommodation if you are unable or limited in your ability to use or access the Company’s career webpage as a result of your disability. You may request reasonable accommodations by sending an email to RecruitingAccommodations@tishmanspeyer.com
Salary : $90,000 - $130,000
