Real Estate Portfolio Manager

Job Description

The CalSTRS Investments branch is seeking two motivated individuals to work as Portfolio Managers in the Real Estate investment unit. CalSTRS Investments branch manages the investment portfolio for the nation’s second largest public pension fund. In 2018, the Investments branch was named by Pensions & Investments magazine’s as one of the “Best Places to Work in Money Management” for the fourth time since 2013. The Real Estate unit invests in commercial real estate domestically and internationally. The unit currently includes allocations to core, value add and opportunistic risk strategies. The Real Estate unit's responsibilities include investment and operational oversight in order to manage the over $30 billion portfolio. This is a rare opportunity to join a world class financial services institution and a small team that thrives on independent thinking. The ideal candidate will possess the following qualities:

• Experience managing large institutional real estate portfolio
• Ability to work collaboratively with external partners to achieve maximum performance
• Knowledge of conducting site, market area and physical property evaluations
• Experience executing innovative investment strategies for real estate

Effective July 1, 2019, this position is eligible for incentive compensation and has a maximum incentive opportunity of 100% of base salary. A Portfolio Manager who possesses a professional certification in one of the following designations may receive a 5% monthly base pay differential: Chartered Financial Analyst (CFA), Certified Commercial Investment Member (CCIM), Financial Risk Manager (FRM), Certified Investment Management Analyst (CIMA) or Chartered Alternative Investment Analysts (CAIA). Only one 5% base pay differential is eligible regardless of the number of certifications.