Timebomb
With Baby Boomers' retirement prospects in a shambles, they will likely stay on the job longer, limiting advancement opportunities for generations coming up behind them.
When baby boomers were in their peak earning years, most looked forward to “The Golden Years” a time when they were supposed to retire and enjoy the fruits of their labors. Alas, Americans are approaching retirement age in worse financial shape than the prior generation. Shockingly, more than 40% of US households aged 55 – 70 have insufficient resources to maintain their living standard, and that translates to 15 million households according to a Wall Street Journal Study. To make matters worse, 70% of this group has debt, up from 50% twenty years ago.
One of the major effects of this situation will be that boomers will remain in the workforce longer, beyond 70, to attempt to bridge the financial gap. One ramification is that the advancement opportunities of the generations beneath them will be limited, as will the development of a more diverse workforce. However you slice it, this is an emerging megatrend that will have a material impact on our economy and our society, aggravated of course by Washington’s failure to address Social Security, Medicare, and a host of other timebombs.
JOB LISTINGS
Sponsored Job:
CBRE
(REDMOND, WA) Duties include: managing all facets of project management (budget, schedule, procurement, quality & risk) for individual real estate projects including planning, design, construction, occupancy and closeout. (Sponsored Job)
CUSHMAN & WAKEFIELD
Executive Managing Director, Asset Services Tri-State Region
(NEW YORK, NY) Position will be responsible for successfully leading and growing the Tri-State Asset Services business unit, ensuring profitability, service quality, and provide strategic and tactical decisions of Asset Services regionally/nationally.
NAMDAR
(GREAT NECK, NY) Position will oversee all aspects of an asset; create and oversee business plans of assets as well as oversee all transactions and sales; and perform long-term analyses to project future profits.
MATANKY REALTY GROUP
(CHICAGO, IL) CFO will be responsible for evaluating the health of the business; final review of all financial statements; performing cash management functions and oversee all accounting functions; and implementing new and innovative procedures current with the technologies available for increased efficiencies.
GREYSTAR REAL ESTATE PARTNERS
(MCLEAN, VA) Development Associate will perform financial analyses for development opportunities, preparing appropriate documents to facilitate the underwriting and closing of real estate transactions. Position may interface with brokers, equity partners, institutional clients, and the Company’s development and construction leadership.
STARWOOD PROPERTY COMPANY
Senior Analyst – Loan Asset Management
(MIAMI BEACH, FL) Senior Analyst will be responsible for providing analytical and other support to Team Leaders and Asset Managers in the analysis and workout of non-performing mortgage loans, as well as the resolution of performing loan issues.
SITUS
Asset Manager – Multifamily Agency Loans
(NEW YORK, NY) Asset Manager will perform all functions associated with monitoring the performance of a multifamily loan throughout its life, commencing with the initial funding and continuing until satisfaction of the debt or transfer to a special servicer pursuant to investor guidelines.
RXR
(NEW YORK, NY) Individual will work closely with the Investments team to help assist in underwriting equity and debt investment opportunities of all asset classes across the risk-reward spectrum. Analyst will partner with junior- and senior-level professionals on various projects at all stages of the investment process.
REGENCY MULTIFAMILY
Vice President of Finance & Accounting
(CHAMPAGIN, IL) Position will be responsible for the capital structure of the organization and oversee development of policies and procedures relating to the Accounting Department.
Healthcare Trust of America
(SCOTTSDALE, AZ) VP will create preventative maintenance programs on all building systems and equipment and ensure compliance by on-site maintenance technicians; provide guidance to building engineering staff on various energy reduction projects and initiatives; and evaluate Payback and Return on Capital investments associated with building system capital expenditures.