Tishman Speyer creates vibrant destinations and dynamic environments that inspire innovation and connected communities. As a diversified developer, operator, and investment manager of top-tier real estate in 33 markets across the globe, our business choices are driven by the belief that real estate should unlock human potential. Tishman Speyer’s diversified portfolio spans market rate and affordable residential communities, premier office properties and retail spaces, industrial facilities, and mixed-use campuses. We create state-of-the-art life science centers through our Breakthrough Properties joint venture, and foster innovation through our strategic proptech investments. By combining global perspective with local expertise, and a personalized approach, we are able to anticipate our customers’ evolving needs. We were the first real estate company to introduce asset-wide amenity services through our ZO platform, and the first traditional real estate company to create its own flexible space and coworking brand, Studio.
Since our founding in 1978, Tishman Speyer has acquired, developed, and operated 522 properties, totaling 218 million square feet, with a combined value of over $129 billion (U.S.). Tishman Speyer currently has approximately $68 billion in assets under management, including iconic properties such as Rockefeller Center in New York City, The Springs in Shanghai, TaunusTurm in Frankfurt, and Mission Rock in San Francisco.
Summary of the Position:
Tishman Speyer has a world-class tax department of in house tax professionals globally and a dedicated outsourcing team in the U.S. consisting of tax professionals from Ernst & Young. From its New York headquarters and offices around the world, its global tax group is responsible for the tax aspects of all the company’s real estate transactions, structuring its domestic and international real estate funds and joint ventures, managing the tax risks and tax reporting related to its global portfolio.
The role of Director within Tishman Speyer’s global tax department is involved in the planning, research, and execution of numerous real estate transactions. The successful candidate will bring prior transactional experience and a strong knowledge of: (i) real estate partnership taxation, (ii) REIT taxation and (iii) FIRPTA. This position reports to Victor Cuciniello, Managing Director and Global Tax Director.
Key Responsibilities:
- Identify and resolve various tax issues related to the acquisition, ownership or disposition of a property or portfolio investment.
- Coordinate entity due diligence and third-party REIT due diligence reports, where necessary, on property or portfolio acquisitions.
- With respect to each acquisition, review any purchase and sale agreements and all other related transaction documents.
- Review partnership agreements with specific attention to tax allocation provisions and other related tax provisions.
- Quantify and communicate the tax risks associated with business transactions to senior management in order to facilitate their decision-making process.
- Identify and analyze tax deferral strategies where appropriate and determine their feasibility to implement.
- Work with advisors to structure various U.S. and international real estate funds and joint ventures to facilitate the inflow of capital by diverse groups of U.S. and non-U.S. investors and to assess their potential U.S. tax impact for Tishman Speyer.
- Coordinate and review tax advice and/or opinions from external accounting and law firms, including negotiating firm representations.
- Strong knowledge of Foreign Investment in Real Estate Property Tax Act of 1980 (FIRPTA) and U.S. foreign withholding tax provisions.
- Coordinate REIT quarterly and annual testing.
- Liaise with Tishman Speyer’s internal teams and external advisors to assure the proper tax accounting treatment of business transactions.
- Review newly enacted tax legislation applicable to the real estate industry, particularly in the areas of partnerships, REITs, inbound and outbound investments.
- Attend seminars and conferences; build and manage relationships within the real estate industry and tax field.
Skills & Qualifications:
- 5-10 years of relevant tax consulting experience.
- Strong technical knowledge (in the areas mentioned above) and the ability to apply it in structuring and evaluating real estate transactions to achieve the greatest tax efficiencies.
- Experience in the real estate industry required.
- Strong written and verbal skills, with the ability to access and communicate complex topics to senior management and third parties in an efficient and effective manner.
- Adept at handling multiple projects/responsibilities.
- Willingness to travel, periodically.
- Undergraduate degree required; advanced degree preferred (JD/LLM, MBA, etc.).
The base compensation range for this role is $275,000 to $325,000. This role is also eligible for a discretionary annual bonus, as well as access to our comprehensive medical, dental, and vision insurance, life and disability insurance, 401(k) plan (with matching contributions), wellness benefits and all other benefits afforded to full-time Tishman Speyer employees.
This base range reflects a number of factors including, but not limited to, relevant experience, skill sets, and/or licensure required of an individual in this particular role. The base range is also specific to members of Tishman Speyer’s New York team, as we’ve considered factors specific to this geography.
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Tishman Speyer is an equal opportunity affirmative action employer and administers all personnel practices without regard to race, color, religion, sex, national origin, sexual orientation, gender identity or expression, disability, protected veteran status or military status, or any other category protected under applicable law. Tishman Speyer is committed to taking affirmative steps to promote the employment and advancement of minorities, women, persons with disabilities and protected veterans.
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Disability Assistance - Tishman Speyer is committed to being an Equal Opportunity Employer and offers opportunities to all job seekers, including job seekers with disabilities. If you are a qualified individual with a disability or a disabled veteran, you may request a reasonable accommodation if you are unable or limited in your ability to use or access the Company’s career webpage as a result of your disability. You may request reasonable accommodations by sending an email to RecruitingAccommodations@tishmanspeyer.com
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