Asset Management- Associate

Morgan Stanley Investment Management ("MSIM"), together with its investment advisory affiliates, has more than 1,300 investment professionals around the world and $1.7 trillion in assets under management or supervision as of December 31, 2024. MSIM strives to provide strong long-term investment performance, outstanding service, and a comprehensive suite of investment management solutions to a diverse client base, which includes governments, institutions, corporations, and individuals worldwide.

Description

The successful candidate will be responsible for the preservation and financial growth of an assigned portfolio of institutional grade real estate assets for a national multi-sector portfolio (primarily comprised of multifamily, industrial, and triple-net leased properties) with a current value in excess of $9 billion.

The Asset Management Associate will be a member of the Eaton Vance Real Estate Investment Group ("REIG") which is responsible for managing real property investments owned by certain funds sponsored by Eaton Vance Management ("EV"), a part of MSIM, the asset management business segment of Morgan Stanley. The position will be based in Boston, MA and the successful candidate will perform a variety of functions, including forecasting, leasing / investment analysis, budget preparation, and the completion of quarterly and ad-hoc financial reports. Collaborating closely with the Director of Asset Management and Asset Managers, the Associate will provide support to the REIG team in the monitoring and oversight of the performance of the overall portfolio.

The individual will report to a Senior Asset Manager and will work closely with other functional areas of REIG and Fund Administration to ensure proper administration, control, and financial reporting of real estate investments.

Primary Responsibilities :

• Support the monitoring and management of commercial real estate investments from initial transaction close through disposition.
• Assist in the preparation of business plans, cash flow projections, monthly / quarterly reporting, and oversight of capital planning and execution of asset-level business plans.
• Develop and maintain comprehensive reporting packages to assist in monitoring performance in all critical areas : revenues, expenses, lease trends, occupancy, etc.
• Prepare and maintain files for each property providing information on buildings, contracts, property insurance, and other operational data.
• Support group activities including research projects, new supply / competition reports, evaluation of potential dispositions, expense analysis, and budget vs. actual comparisons.
• Roll up property, market, and fund-level performance, as required.
• Assist with quarterly internal valuation calculations and ensure consistency in format and methodology.
• Utilize asset management systems to develop analytical tools, including refining reports from researched material and / or data collected to evaluate and report on the primary characteristics of the portfolio.
• Assist property tax tracking for the portfolio including assessments, litigation, and appeals. Implement processes to improve tracking and ensure best outcomes for appeals.
• Research market conditions and present to REIG to ensure the group is current on key trends.
• Prepare ad hoc reports / projects for Senior Asset Managers, the Director of Asset Management and Director of REIG.
• Opportunity to obtain responsibility for day-to-day oversight of property processes / performance to gain critical asset management experience.

Qualifications :

WHAT YOU CAN EXPECT FROM MORGAN STANLEY :

We are committed to maintaining the first-class service and high standard of excellence that have defined Morgan Stanley for over 89 years. Our values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - aren't just beliefs, they guide the decisions we make every day to do what's best for our clients, communities and more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you'll find an opportunity to work alongside the best and the brightest, in an environment where you are supported and empowered. Our teams are relentless collaborators and creative thinkers, fueled by their diverse backgrounds and experiences. We are proud to support our employees and their families at every point along their work-life journey, offering some of the most attractive and comprehensive employee benefits and perks in the industry. There's also ample opportunity to move about the business for those who show passion and grit in their work.

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Expected base pay rates for the role will be between $90,000 and $100,000 per year at the commencement of employment. However, base pay if hired will be determined on an individualized basis and is only part of the total compensation package, which, depending on the position, may also include commission earnings, incentive compensation, discretionary bonuses, other short and long-term incentive packages, and other Morgan Stanley sponsored benefit programs.

Morgan Stanley's goal is to build and maintain a workforce that is diverse in experience and background but uniform in reflecting our standards of integrity and excellence. Consequently, our recruiting efforts reflect our desire to attract and retain the best and brightest from all talent pools. We want to be the first choice for prospective employees.

It is the policy of the Firm to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, religion, creed, age, sex, sex stereotype, gender, gender identity or expression, transgender, sexual orientation, national origin, citizenship, disability, marital and civil partnership / union status, pregnancy, veteran or military service status, genetic information, or any other characteristic protected by law.

Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M / F / Disability / Vet).