Analyst Real Estate, Portfolio Management

NRE is seeking to hire an Analyst, Portfolio Management, for its U.S. Cities Industrial Fund ("Fund"), a perpetual, open-ended fund. Reporting to the Managing Director, Portfolio Management, the Analyst will help implement and execute the investment strategy for the Fund, including portfolio construction, market and asset selection, financing, and investment recommendations. The Analyst will also work closely with the U.S. Industrial Sector Team and the distribution, product, research, finance, and marketing teams.

The analyst’s primary responsibilities are extensive financial analysis (fund-level and property-level modeling, property valuation, and benchmark analysis), investor reporting and presentations, and prospective investor marketing and due diligence. The analyst will also assist in executing the capital raising strategy and act as an ambassador for the U.S. Industrial Sector at conferences and networking events nationwide.

• Support the Fund’s objective of generating and sustaining out performance by implementing the investment strategy
• Develop and maintain proprietary financial models to monitor and analyze the Fund portfolio and potential new investments
• Assist in property valuations, value-maximising strategies, and hold/sell analyses with the U.S. Industrial Sector Team
• Critically assess risks and investment components and their effect on overall Fund dynamics
• Evaluate operating characteristics of each investment (revenue, expenses, CAPEX, tenant credit, leases)
• Collaborate with asset management, finance, and performance measurement teams for portfolio data and performance reports
• Draft and present investment memorandums to the Investment Committee
• Create and present Fund investment overview presentations
• Prepare ongoing Fund and property business plans
• Conduct industry, market, and property research and competitive fund analyses
• Support fundraising and investor relations: capital-raising strategy, investor conferences, advisory committee meetings, DDQ and RFP review, investor requests, on-site meetings, and ongoing relations
• Develop relationships with industry experts, strategic partners, investors, and fiduciaries through seminars, conferences, and networking events

• 1‑3 years of real-estate experience; institutional experience a plus
• BA in Accounting, Finance, Real Estate, or Economics
• CPA and/or CFA a plus
• AI experience a plus
• Team player who collaborates, takes initiative, works autonomously, and leads projects in an entrepreneurial environment
• High proficiency in math, financial modeling, valuation, and return concepts;
  Argus experience a plus
• Ability to interact with investors and senior executives professionally
• Willingness to travel between New York and Dallas for investor meetings, property tours, and industry events (15–25 %)

University degree preferred.

No experience required.

Sedentary work.

5IC

2026‑01‑27

Base pay range: $75,000 / yr – $125,000 / yr. Additional compensation may include incentive programs.

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.