Analyst - Real Estate

STRS Ohio, STRS

STRS Ohio is seeking an Analyst, Real Estate – Columbus and Georgia to join the Investment/Real Estate team.  Nearly two-thirds of STRS Ohio’s investment assets are managed internally by more than 100 Investment Department professionals.

Established in 1920 and serving Ohio’s educators, STRS Ohio is one of the nation’s largest retirement systems, serving over 500,000 active, inactive, and retired public-school teachers, and university faculty members, managing approximately $96.9 billion as of June 30, 2024, in assets and paying more than $7 billion in benefits annually.

STRS Ohio provides a competitive pay, and a comprehensive benefits package including on-site parking, educational assistance, subsidized medical insurance, fully paid dental and life insurance, vacation and sick leave, retirement benefits and on-site fitness center.  At STRS Ohio, you can experience rewarding work in a professional, business casual work environment. We welcome, celebrate, and promote respect for everyone. We are continually seeking bright and talented individuals to join our team.

Compensation:

Competitive Pay

Work Schedule:

8:00am-5:00pm Monday through Friday (Onsite)

General Summary:

Under the direction of a real estate regional director, and with guidance from an acquisition officer, perform financial underwriting analysis for potential real estate transactions including property purchases, property sales, asset management decisions and mortgage related decisions.

Summary of Responsibilities:

• Analyze real estate proposals to determine their suitability for investment, with the objective of meeting the long-term performance objectives of the total fund.

• Perform financial analysis including lease-by-lease analysis, partnership modeling and analysis of leverage. Evaluate the developer, the specific site, area demographics and economic conditions.

• Assist with the financial analysis of asset management-related decisions such as lease negotiations, mortgage negotiations, property sales and capital improvement programs.

• Develop real estate market knowledge of target markets with respect to potential for real estate acquisitions or development. Track real estate sales activity and changes in supply of real estate.

The above list of duties is intended to describe the general nature and level of work performed by persons assigned to this classification. It is not to be construed as an exhaustive list of duties performed by the persons so classified, nor is it intended to limit or modify the right of any supervisor to assign, direct and control the work of associates under supervision.

Summary of Qualifications:

• Bachelor’s degree in business administration, economics, finance or a related field required.

• Master’s degree in business administration, economics, finance or related field preferred.

• One-year real estate investment analyst experience required. Two to three years’ experience preferred.

• Proficiency in the use of Microsoft Excel and knowledge of Argus Enterprise real estate analysis software preferred.

• Ability to understand the financial structure and terms of real estate investments through the analysis of joint venture agreements, operating statements, balance sheets, budgets and closing documents preferred.

• Knowledge of commercial leases preferred.

Equal Employment Opportunity Employer Statement

State Teachers Retirement System of Ohio (STRS) is an Equal Employment Opportunity Employer and prohibits discrimination and harassment of applicants or employees on the basis of race, color, religion, gender, gender identity or expression, national origin (ancestry), military status, disability, age, genetic information, sexual orientation, or caregiver status, in making employment-related decisions about an individual.

ADA Statement

STRS Ohio is committed to ensuring access, inclusion, and reasonable accommodations across all its services, activities, programs, and employment opportunities in accordance with the Americans with Disabilities Act (ADA) and other applicable laws.