Real Estate Analyst

About the Role

The Urban Investment Group (UIG) within Goldman Sachs Asset & Wealth Management seeks an Analyst to join their Dallas Real Estate team. UIG focuses on tax credit equity, real estate investments, and loans to empower underserved communities and drive long-term equitable growth.

Key Responsibilities

• Support senior asset management team members in managing a portfolio of Debt, Letters of Credit, and LIHTC investments that finance real estate developments (mixed-income and affordable housing, retail, office, industrial, charter school facilities).
• Assist in the operation, value maximization, and reporting of assets.
• Perform internal asset valuation modeling.
• Prepare and execute business plans.
• Develop monthly cash flow projections.
• Support leasing strategies.
• Collect financials and review budgets.
• Prepare monthly and/or quarterly reports.
• Cultivate and grow relationships with third parties, including operating partners, brokers, and property management companies.
• Maintain internal asset performance models.
• Provide oversight of third-party service providers.
• Manage capital plans.
• Execute debt strategies to maximize value through effective loan asset management.
• Develop asset strategies, including financial and asset performance data, in conjunction with Asset Management leadership, investing personnel, and operating partners.
• Support the execution of asset strategies to maximize value through market/product knowledge and value-add strategies.
• Lead asset disposition efforts, including contract negotiation, writing investment committee memorandums, presenting to investment committee, finalizing disposition models, calculating waterfall returns, transaction management, and closing.
• Drive exits and compliance/covenants monitoring on tax credit equity and debt transactions.
• Research and evaluate market trends, rental rates, and occupancy trends to update investment assumptions within models.
• Conduct in-depth market and portfolio analyses, understanding industry trends.
• Engage and oversee third parties performing day-to-day asset operations (e.g., operating partners, property management companies) through weekly/monthly calls and asset visits.
• Collaborate with internal stakeholders such as Finance, Compliance, and Legal.
• Maintain performance reports for internal tracking and reporting.

Requirements & Tech Stack

• Excel for advanced real estate modeling.
• Argus experience is a plus.

Qualifications

• Bachelor’s degree from a four-year college or university.
• Strong academic background, preferably in finance, real estate, accounting, or math.
• At least 2-3 years of real estate experience.
• Analytical/logical mindset and high attention to detail.
• Strong written and verbal communication skills, with the ability to present strategies and business decisions clearly and concisely.
• Ability to manage internal and external relationships.
• Capacity to work in a fast-paced, challenging environment; ability to prioritize.
• Self-motivated with the ability to work both autonomously and in a team setting.
• Passion for helping to solve entrenched challenges facing underserved communities.
• Desire to create positive change through double-bottom-line investments in real estate impact investing.
• Interest in working collaboratively with the public sector (municipal, state, federal government) and navigating associated complexities.