Interested and qualified candidates, please contact:
Sierra Olney email@example.com | 401-487-4898
Amelia Frederick firstname.lastname@example.org | 802-881-2273
Our client is a Boston-based real estate focused private equity firm with 30 years’ experience investing in core-plus, value-add and opportunistic debt and equity commercial real estate transactions. The organization manages capital for endowments and foundations, state and corporate pension plans, sovereign and offshore investors, as well as high net worth individuals. The firm has successfully raised capital for 18 investment vehicles. The company invests throughout the United States in single property transactions and multiple property portfolios whereby the investment strategies are based on property-level operational enhancements as well as those with pricing advantages that arise from distressed, complex, and dislocated scenarios. The firm’s investments are structured in numerous capital forms including direct and joint venture equity, preferred equity, mezzanine loans, and first mortgages. Since 1993, the firm has invested in more than $24 billion of commercial real estate on behalf of its limited partners.
The Associate is part of a newly created acquisitions vertical focused for workforce residential housing focused primarily in mountain regions across the country. The Associate will have the opportunity to participate in strategic and organizational-building initiatives for the firm’s growing Workforce Housing investment vertical that is focused on mountain communities, sand resort communities, and other markets with a supply / demand imbalance for workforce housing. In this role, the Associate is involved with investments from the time they are identified as potential acquisitions, through underwriting, closing, operational enhancement, and eventual sale. Prior to acquisition, the Associate will work closely with the deal team on the evaluation of a prospective investment and its underwriting. After acquisition, the Associate will provide support as needed with the asset’s joint venture partner/borrower and the assigned asset manager on the execution of the investment strategy established at acquisition.
The firm institutes a “cradle-to-grave” investment management philosophy and is seeking an Associate who will play an active role in the origination team providing underwriting support for new equity and debt transactions for the firm’s various investment funds. The Associate will work as part of a deal team throughout the project lifecycle of an asset providing analytical support to evaluate and track investment performance. Primary responsibilities will include the following:
- Support and collaborate with senior acquisition personnel on analytical and transactional aspects of an acquisition, including due diligence, market research, and creation of investment committee materials.
- Analysis and diligence centered around dormitory style apartment building, hotel conversion, small scale apartment building and build-to-rent.
- Contribute to the preparation and evaluation of Argus files and sophisticated Microsoft Excel models for underwriting investment opportunities and reporting to senior management on the viability of potential acquisitions and/or development opportunities across asset classes.
- Integrate multiple scenario analyses to determine pro forma sensitivity.
- Prepare and write presentation materials, term sheets, and other documents associated with the firm’s acquisition and investment activities.
- Complete data aggregation and market research across industry trends, deal review, and new business relationships and present findings to senior acquisition personnel.
- Support in the preparation of financial management reports focused on variances to underwriting, valuation analysis, cash flow projections, and other financial reports and presentations as required.
- Understand capital and investment structure, including investment analysis principles such as IRR’s, Discounted Cash Flows, Cash on Cash Returns, and Levered and Unlevered Returns.
- Support and collaborate with business vertical leadership on strategic and organizational-building components of growing the business, enhancing relationships, and expanding market and industry knowledge.
Candidates should have broad-based analytical skills, superior capabilities in cash flow modeling, sound research abilities and outstanding communication skills.
- A Bachelor's degree is required, with a preference for candidates concentrating in real estate, finance and/or accounting.
- Approximately 3 to 5 years of related post-undergraduate experience preferred.
- Exceptional financial analysis and modeling skills utilizing Microsoft Excel and Argus. Proficient in additional MS office programs including Word and PowerPoint.
- Strong organizational skills with ability to manage multiple tasks and effectively meet deadlines.
- Team player with the ability to work independently and under pressure in an entrepreneurial environment.
- Working knowledge of joint venture partnerships and various investment structures.
- Outstanding level of attention to detail, accountability, integrity, and ethics.
- Self-motivated, energetic, and positive individual with strong oral and written communication skills and the ability to work effectively with individuals at all levels.