STRS Ohio, STRS

The State Teachers Retirement System of Ohio (STRS Ohio) is seeking a Senior Acquisition Officer 2 to join its San Fransico, California real estate investment team. 

Nearly two-thirds of STRS Ohio’s investment assets are managed internally by more than 100 Investment Department professionals. STRS Ohio’s investment returns for the three-, five- and 10-year time periods ending June 30, 2023, ranked in the top 10% of Callan’s public fund sponsor database. STRS Ohio also outperformed its benchmark for each of these time periods.

Established in 1920 and serving Ohio’s educators, STRS Ohio is one of the nation’s premier retirement systems, serving over 500,000 active, inactive, and retired public-school teachers, and university faculty members, managing approximately $90.1 billion in assets and paying more than $7 billion in benefits annually.

STRS Ohio provides a competitive pay, and a comprehensive benefits package including on-site parking, educational assistance, subsidized medical insurance, fully paid dental and life insurance, vacation and sick leave, retirement benefits and on-site fitness center.  At STRS Ohio, you can experience rewarding work in a professional, business casual work environment. We welcome, celebrate, and promote respect for everyone. We are continually seeking bright and talented individuals to join our team.

 Compensation: 

$220,000-$240,000

Work Schedule:

8:00am-5:00pm Monday through Friday, with up to two days per week remote work opportunities. 

General Summary:

Under the direction of a regional director, source, research and underwrite real estate investment opportunities, make recommendations, and close real estate investment transactions.

Summary of Responsibilities:

• Operate independently to originate potential real estate investments and determine suitability relative to current investment guidelines.

• Underwrite and make recommendations regarding specific real estate investment opportunities based on market data, tenant credit analysis, market interviews and financial modeling.  Evaluate and recommend appropriate investment structures and joint venture partner qualifications.

• Maintain contact with existing partners, developers, leasing agents, mortgage bankers, and other real estate-related contacts to track current investment trends and opportunities while simultaneously developing new sources.

• Responsible for coordinating and managing the underwriting and due diligence processes with appropriate individuals including making necessary presentations for purposes of seeking approval from any real estate investment related committee.

• Negotiate transaction related legal documents in consultation with assigned legal counsel.

The above list of duties is intended to describe the general nature and level of work performed by persons assigned to this classification.  It is not to be construed as an exhaustive list of duties performed by the persons so classified, nor is it intended to limit or modify the right of any supervisor to assign, direct and control the work of associates under his/her supervision.

Summary of Qualifications:

• Master's degree in business administration, economics, finance, or related field preferred; bachelor’s degree and related experience may substitute for the advanced degree.

• Seven to ten years real estate experience with a heavy emphasis on institutional acquisitions required.

• Comprehensive experience and familiarity with a diverse range of property types and financial structures including joint ventures.

• Possess an established network of owner, developer and broker relationships to facilitate sourcing of opportunities.

• Excellent negotiating and underwriting/analytical skills required.

• Excellent organizational skills with the ability to prioritize and multi-task.

• Superior oral and written communication skills.

• High Level of proficiency in the use of personal computers including Word and Excel or similar type software

• Ability to work with minimal supervision.

• Excellent work record of attendance and punctuality; occasional evening, weekend and non-regular work hours required.