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About the Role

The Associate, Equity Investments & Asset Management will support senior team members in overseeing, sourcing, underwriting, due diligence, and closing multifamily property acquisitions and investments. This role also involves supporting the oversight and management of a portfolio of multifamily assets, providing direction to analysts, and collaborating with various internal and external teams.

Responsibilities

• Underwrite potential multifamily investments thoroughly and accurately.
• Shop comparable properties to determine competitive amenities, rents, and sales prices, and maintain a sales comp database.
• Assist in conducting due diligence on properties targeted for acquisition.
• Develop and apply quantitative models to deals under consideration.
• Develop capital budgets reflecting renovation, rehabilitation, and upgrade costs to drive economic value.
• Analyze market dynamics and asset operating history to determine underwriting assumptions.
• Communicate with brokers, agents, and principals to complete research and validate underwriting assumptions.
• Compose written summaries and memorandums regarding potential acquisitions for Investment Committee and external clients.
• Track and update pipeline status across geographic markets and maintain critical timelines for transactions.
• Consistently demonstrate tact and discretion.
• Prepare and execute Property Business Plans to optimize investment performance.
• Participate in property-level decisions with Portfolio Managers, including hold/sell, rent pricing, property budgets, and capital expenditures.
• Develop, maintain, update, and analyze comprehensive financial models, integrating historical, current, and proforma information.
• Effectively identify and address business issues through models and presentations.
• Prepare for ad hoc and regular meetings.
• Perform asset-level valuation reviews, including property performance and capital deployment effectiveness.
• Prepare financial models and property reporting packages.
• Visit markets and properties to validate business plan assumptions, monitor operations, and identify opportunities for improvement.
• Stay informed on market information and collaborate with the Research team on market viewpoints and recommended actions.

Requirements

• 3+ years of real estate financial analysis experience, ideally in multifamily real estate investments, asset management, investment sales, or appraisal.
• Experience in building complex cash flow models using Excel or Excel-based tools.
• Ability to present thoughts, questions, content, and conclusions to senior management.
• Ability to produce excellent quality work that is thorough, accurate, complete, and consistent.
• Excellent communication skills, both written and verbal.
• Ability to work independently and with others, taking complete ownership of work and projects.
• Excellent problem-solving and interpersonal skills.
• Aptitude for organizing, prioritizing, and managing multiple priorities using critical thinking and problem-solving.
• Understanding of economic indicators as they relate to valuing multifamily real estate.
• Ability to apply historical trends to current conditions to anticipate post-acquisition property performance.
• Knowledge of key financial concepts and metrics related to the multifamily real estate industry, including capitalization rates, internal rates of return, and cash-on-cash returns.
• Ability to recognize value creation potential and create analysis resulting in approval of deals by the investment committee.
• Knowledge of all multifamily product types.
• Tenacity, patience, and perseverance to take deals from start to finish.
• Demonstrated multi-modal communication style that reaches every stakeholder.
• Collaborative working style with inclusive work and thinking behaviors.
• Commitment to excellence in teams and work product with a strong work ethic.
• Proficiency and willingness to adopt new systems and processes.
• Demonstrate emotional intelligence in high-pressure and sensitive situations.
• Ability to analyze and understand business dealings in terms of the overall business plan.
• Maintain confidentiality of sensitive information and communications.
• Develop productive working relationships with all team members, including internal clients and external third parties.
• Demonstrated high level of ethics and integrity with a straightforward and honest approach.

Skills

• Excel
• Microsoft Suite (Word, Outlook, Teams, Power Point)
• RCA
• Real Page / Axio
• RedIQ

Location

• Western Region

Work Type

• Full-time

Experience Level

• Associate

Education Level

• Bachelor’s Degree (preferably with an emphasis in Economics or Finance, or equivalent professional experience/training)

Salary/Compensations

• $125,000 - $150,000

Benefits

• Excellent benefits package focusing on total health and wellness.
• Programs and incentives promoting physical, mental, financial, and behavioral wellbeing.

About the Company

• Berkshire Residential Investments is a people-first real estate investment company that values the impact they make and the time spent in high-performing teams.
• They value individual skills and perspectives to best serve employees, investors, residents, and other stakeholders.
• Their environment fosters an entrepreneurial spirit, a culture of expertise, and a people-first approach, allowing employees to thrive and grow their careers.

Equal Opportunity

• Berkshire Residential values diversity, equity, inclusion, and belonging.
• Berkshire is committed to providing equal opportunity in all practices, including employees and applicants for employment.
• Decisions affecting employees are made without regard to race, color, creed, national origin, age, disability, gender, gender identity, sexual orientation, or any other protected status.