The Rusty Years

The Wall Street Journal yesterday published a section on “The Case Against Retirement”. It’s a must read because it outlines two primary statistics against hanging up your spurs. The first is that retirement may be bad for your health, and it may even kill you because retirees tend to indulge in unhealthy behaviors. But more importantly, without the fulfillment of work and the camaraderie in the work environment, retirees risk becoming socially isolated, which can accelerate cognitive decline.

The other issue is financial. The Baby-Boomer generation has not saved enough for retirement, rendering early retirement a bad decision. The article indicated that the average boost in future annual retirement income increases 9% when retirement is delayed just one year. The bottom line is that those who are heading to retirement should rethink their timing, or before you pull the trigger, make sure that you have a game plan to stay healthy and socially stimulated to avoid the golden years turning rusty.

Job Listings

SPONSORED JOB INTEGRATED CAPITAL MANAGEMENT Associate/Senior Associate (PLAYA VISTA, CA) Specific responsibilities include: preparing Investment Committee and Offering Memoranda; underwriting asset business plans, anticipated budgets and prospective cash flows; analyzing property rent rolls, operating expenses and historical performance; and creating complex financial models and sensitivity analyses.

SPONSORED JOB THE LOUDERMILK COS. Director of Asset Management (ATLANTA, GA) Duties include: creating operating budgets and capital improvement budgets, coordinating with third party property managers and parking managers as well as development and accounting teams; preparing budget variance reports and making recommendations to management for improving operating efficiencies; and monitoring all lease requirements and ensuring Company satisfies all landlord lease obligations.

GLAXOSMITHKLINE Director, Real Estate Asset Management – Americas (PHILADELPHIA, PA) Director will have responsibility for formulating, developing and managing the relevant regional component of GSK’s Global Real Estate Asset Management Strategy and for the financial performance for approximately one third of GSK’s global portfolio of property assets.  

VIACOM Project Coordinator, Planning & Design Studio (NEW YORK, NY) Position will serve as Project Coordinator to Planning & Design Project Managers on Viacom construction projects in New York. This includes coordinating all phases of design and project database, programming, and project administration.  

TRANSWESTERN Financial Analyst (PHOENIX, AZ) Financial Analyst will support established broker team(s), with responsibilities that involve price underwriting, investor interaction, investor contact management, market report authoring, and BOV / sale proposal preparations.  

METLIFE REAL ESTATE INVESTMENTS Real Estate Research Associate Director (WHIPPANY, NJ) Position will serve as a member of MetLife Investment Management’s (MIM’s) Real Estate Research & Strategy team. In this role, the Associate Director will be tasked with developing investment strategies that promote consistent strong risk-adjusted returns for MIM’s debt and equity clients.  

VANBARTON GROUP LLC Associate, Real Estate Asset Management (NEW YORK, NY) Associate will participate in all aspects of the firm’s direct real estate investment activities. Specific duties include managing all aspects of the asset-level value creation for specific properties within the firm’s real estate portfolio through developing long-term leasing and repositioning strategies including major construction, managing asset operations and staff, conducting loan negotiations and all other property-related activities.  

EYA Project Manager / Owner’s Representative (Multi-family construction) (ALEXANDRIA, VA) Responsibilities include contract administration, consultant management, construction coordination, stakeholder reporting, budget and schedule control, due diligence and project documentation.  

ARCH COS. Director of Property Management (NEW YORK, NY) Director will be responsible for the overall performance and all phases of property management for a portfolio of properties. Supported by on-site personnel, the Director of Property Management will oversee the preparation and implementation of operating budgets, the evaluation of budget performance, tenant improvements, capital improvements, maintenance and repair projects.  

LANDMARK PROPERTIES Acquisitions & Development Analyst (ATHENS, GA) Duties include: using and modifying development models to build pro formas and understanding cash flows for potential developments; analyzing complex partnership agreements and capitalizations; and preparing investment memoranda and other presentations for internal investment review, and to raise equity and secure debt.