Associate, Equity Investments & Asset Management

About the role

The Associate, Equity Investments & Asset Management will support the Senior level acquisition and asset management team members in overseeing, sourcing, underwriting, due diligence, and closing core, core plus, and value add multifamily property acquisitions, debt investments, and equity joint venture investments for development.

Responsibilities

• Thoroughly and accurately underwrite potential multifamily investments
• Shop comparable properties to determine competitive amenities, rents and sales prices, maintain sales comp database
• Aid in conducting due diligence on properties targeted for acquisition
• Develop and apply quantitative models to deals under consideration
• Analyze market dynamics and operating history of asset to determine reasonable and vetted 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 for external clients, if applicable
• Track and update pipeline status across geographic markets, and maintain critical timelines for transactions under review
• Provide direction and leadership to analyst(s)
• Support a senior level asset manager on the oversight, performance, and management of investments in a portfolio of multifamily assets located in multiple markets throughout the Western U.S.
• Prepare the execution of Property Business Plans to optimize investment performance
• Participate in property-level decisions with the Portfolio Managers based on careful analysis and team input, including hold/sell, rent pricing, property budgets, and capital expenditures
• Develop, maintain, update and analyze comprehensive financial models, integrating both historical and current and proforma information; work closely with various levels of the organization to effectively identify and address business issues through models and presentations, and prepare for ad hoc and regular meetings
• Prepare financial models and property reporting packages
• Visit markets and properties to validate business plan assumptions, monitor property operations, and identify opportunities and issues to improve operations
• Stay informed on market information and work closely with Berkshire's Research team to stay abreast of their viewpoint and recommended course of action for each market they cover

Requirements

• 3+ years 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
• Excellent communication skills; written and verbal
• Works independently and with others; has 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 economic indicators as they relate to valuing multifamily real estate
• Knowledge of key financial concepts and metrics as they relate to the multifamily real estate industry, including capitalization rates, internal rates of return, cash-on-cash returns, and others
• 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, specifically excellent verbal, and written communications
• Collaborative working style with inclusive work and thinking behaviors, commitment to excellence in teams and work product, with a strong work ethic
• Aptitude for adopting new systems and processes
• Ability to see, analyze and understand business dealings in terms of the overall business plan
• 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

Qualifications

• Bachelor's Degree, preferably with an emphasis in Economics or Finance, or equivalent professional experience/training
• Demonstrated ability to use and learn new technology (e.g., computers/hardware, mobile, software, cloud-based programs)
• Proficiency with computers, keyboards, monitors and telephone headsets
• Proficiency in Microsoft Suite of Products (e.g., Word, Outlook, Excel, Teams, Power Point), and 3rd party data sources such as RCA, Real Page / Axio, RedIQ

Benefits

Berkshire Residential offers an excellent benefits package, focusing on our employees' total health and wellness. We offer programs and incentives that promote physical, mental, financial, and behavioral wellbeing both within and beyond our workplace. Current anticipated annual base salary range: $125,000 - $150,000. Base salary within the range will be determined by various factors including but not limited to the individual's experience, skills and qualifications. Please visit our Careers page for full details – and to learn more about how we value our employees. We believe Berkshire Residential values diversity, equity, inclusion and belonging. Berkshire is committed to providing equal opportunity in all practices, including employees and applicants for employment. We ensure that decisions affecting employees are made without regard to their race, color, creed, national origin, age, disability, gender, gender identity, sexual orientation, or any other protected status.