Real Estate Associate

Location and Designation

Hybrid – 4 days per week.

NYL Investors LLC is a premier asset manager with $331 billion in assets under management and is a wholly owned subsidiary of New York Life Insurance Company, the largest mutual insurance company in the world. New York Life Real Estate Investors (“REI”) is a full‑service, fully integrated real‑estate enterprise with more than 170 professionals focusing on the origination, underwriting, and investment in real‑estate‑related debt and equity products, including commercial mortgage loans, real‑estate equity investments, commercial mortgage‑backed securities and unsecured REIT bonds.

REI operates from a New York City hub with regional offices in Atlanta, Chicago, Dallas, and San Francisco, providing local market presence and national reach.

With over $73 billion under management and more than 170 real‑estate investment professionals working in 40 states and 150 markets across the U.S., REI seeks the best opportunities wherever they arise.

The Asset Management Associate will be based in Dallas and report directly to a Senior Director and Central Region Head of Asset Management. This role primarily supports asset managers on all analytic, operational, and strategic aspects of their business, including quarterly valuations, lease analysis, hold/sell recommendations, property‑level budgets and business plans, vendor management, capital expenditures, dispositions, and new acquisition due diligence.

• Provide analytic support to asset managers, including lease analysis, hold/sell models, JV waterfall calculations, and quarterly valuations.
• Assist with due diligence, gathering and maintaining market statistics and coordinating external consultants and appraisers.
• Support timely completion and review of accurate quarterly and annual property valuation analysis.
• Participate in property‑level conference calls with asset managers, third‑party property managers, and leasing agents.
• Review monthly financial and operational reports from property managers and/or JV partners.
• Reconcile actual asset‑level performance to plan/underwriting on a monthly basis.
• Process monthly capital funding requests and perform quarterly capital reconciliation with accounting and portfolio management.
• Prepare and complete lease summaries and required approval processes.
• Assist in preparation and completion of investment committee memorandums.
• Prepare and review property‑level financial investment valuation and performance models using Argus Enterprise and Excel.
• Maintain current real‑estate market data for areas under investment consideration and existing asset markets.
• Manage external data sources (brokers, appraisers, etc.) in target markets.
• Assist with various valuation projects, including quarterly and annual internal property valuations, hold/sell analysis, and lease analyses.
• Attend networking, industry, and market functions.
• Train others in the use of Excel and Argus valuation software as needed.
• Travel primarily to Texas and other Southwest markets as required.

• 1–3 years of investment analysis experience, preferably with an institutional investment company, brokerage, or related real‑estate firm.
• Undergraduate degree in real estate, urban planning, finance, or economics is preferred.
• Fundamental understanding of the commercial real‑estate market.
• Experience working on varied transactions, including interaction with principals, developers, and brokers.
• Experience with joint‑venture transactions, including financial waterfall analysis, is a plus.
• Strong hands‑on knowledge and abilities in Excel and Argus/Argus Enterprise.
• Strong analytical skills, aptitude, and experience.
• Excellent written and verbal communication skills.
• Attention to detail is a must.
• Ability to work independently and collaboratively, generating high‑quality output.
• Bias for learning, acting with agility and a customer focus.
• Must meet deadlines and work with multiple asset managers.
• Familiarity with multiple real‑estate markets and experience with performance calculation is a plus.

Salary Range: $85,000‑$105,000.

Overtime eligible:
Exempt.

Discretionary bonus eligible:
…