The Dependency Ratio

In ten short years, 2030 to be exact, America’s dependency ratio–or the percentage of non-working citizens who rely on those who are employed–will exceed 70%. It doesn’t take a rocket scientist to figure out that when the scale tips on the dependency ratio, there will be a profound consequences for Social Security and Medicare, and that the Social Security’s $2.9 trillion reserve will be depleted by 2035.

Of course Congress can hike payroll taxes on an even smaller workforce which is likely to cause a reduction in programs and benefits. Worse yet, most pensions have been eliminated and Boomers have an average of only $152,000 in retirement savings, with 45% having no retirement savings at all.

The cascading effect of these statistics is enormous, and we are going to be ill prepared to address the issue. Imagine tens of millions of suburban residents when they are 85 and unable to drive or walk to stores, community centers, or their doctors. Alas, our government that is incapable of dealing with the gun control issue is certainly ill equipped to address massive social change that is looming on the horizon.

Job Listings

SPONSORED JOB
EASTDIL SECURED
Real Estate Associate/Office or Multifamily
(SAN FRANCISCO, CA) Eastdil Secured currently seeks two Associates, one to join their Office team and the other to join the Multifamily team in the San Francisco office. Position involves a significant role in business transactions including client and investor communication, supervision of analysts and the underwriting process, and continued hands on training.

SPONSORED JOB
MIDDLE STREET PARTNERS
Asset Manager
(CHARLESTON, SC) Asset Manager will be responsible for executing property level strategies to enhance and protect asset value, meet investment objectives, and oversee assigned properties and/or portfolios.

SAP SE
Head of Global Real Estate & Facilities APJ
(SINGAPORE) Successful candidate will be accountable for all strategic, tactical and operational tasks in the areas of Real Estate, Project and Facility Management in the APJ region. Candidate will also act as a business partner for the Board Area Global Customer Operations in APJ. Position will be accountable to deliver tangible projects that align business needs and demands with market possibilities and innovative workplace design in close collaboration with the Global Real Estate team.

SAVILLS
Construction Project Manager
(WASHINGTON, DC) Project Manager will play a significant role on a team dedicated to assisting federal agencies with making optimal construction decisions. Role will be responsible for providing insightful knowledge on construction related tasks to be included in lease agreements and ensuring that federal agencies’ leased space is designed and constructed in accordance with lease requirements and the tenant’s program of requirements.

MEDICI LIVING/QUARTERS
Expansion Manager East Coast
(NEW YORK, NY) Position will lead all property acquisition activities on the East Coast for the QUARTERS brand; work together with other members of the Expansion team and Stakeholders in international strategic finance, interior design and marketing team to achieve goals; and manage the overall end-to-end property acquisition process in designated area to hit aggressive annual growth targets.

SC JOHNSON
Associate Manager, Global Real Estate Transactions
(RACINE, WI) Position will be responsible for the execution and ongoing management of the global real estate strategy at the portfolio and individual site level. In addition, duties include delivery, management and financial performance related to commercial real estate transactions for SC Johnson’s global real estate portfolio including lease transactions, building acquisitions and dispositions, and other portfolio assessments.

GOLDMAN SACHS
CIMD, GSAM, Private Real Estate Group, Asset Management Associate/VP
(DALLAS, TX) The GSAM Private Real Estate Group (“GSAM PRE”) is seeking to add an Associate to its Asset Management team in Dallas. Primary responsibilities will include managing a portfolio of 5 to 15 assets (core to value-add risk profiles) which includes business plan preparation and presentation, developing monthly cash flow projections, monthly and/or quarterly reporting, oversight of third party service providers, capital plan oversight, business plan execution, and ultimate disposition of real estate assets.

LINK INDUSTRIAL PROPERTIES
Corporate Accountant
(FT. WASHINGTON, PA) Duties include preparing monthly work papers and variance reports for corporate clients; preparing quarterly and/or yearly budgets for corporate entities; managing all debt work papers including monthly accruals; and acting as the lead contact around debt communications (i.e. new debt instruments, sales & acquisitions, draws and paydowns).

DEPARTMENT OF CITYWIDE ADMINISTRATIVE SERVICES
Transaction Manager
(NEW YORK, NY) The Real Estate Services (RES) division of DCAS supports the operations of the government of the City of New York by providing services for the City’s real estate needs. Responsibilities include identifying sites deemed suitable to satisfy the program requirements for the client agency’s location and program requirements, and prepare market analysis reports, either individually or using Tenant Representatives.

COLLIERS INTERNATIONAL
Senior Property Manager
(MONTREAL QC, CANADA) Manager will be involved in all aspects of leading an office portfolio, from operations and financial activities to managing important relationships with tenants, property owners and vendors. Position will also manage service contracts, oversee tenant improvements, and complete property inspections and making recommendations.

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