Vice President, Advisory - Real Estate

We are global private markets specialists delivering tailored investment solutions, advisory services, and impactful, data-driven insights to the world’s investors. Leveraging the power of our platform and our peerless intelligence across sectors, strategies, and geographies, we help identify the advantages and the answers our clients need to succeed.

About the Role

We are seeking a results-driven and team-oriented Vice President to join our Real Estate Advisory team. This Vice President will assist in delivering comprehensive real estate advisory services to our institutional investor clients and supporting discretionary mandates. They will play an important role in the analysis of real estate managers and funds, from initial meeting through due diligence and preparation and delivery of investment committee materials.

The ideal candidate will bring an understanding of real estate investments, funds, and manager due diligence, coupled with a client-first mindset. They will have a career progression oriented toward becoming a trusted advisor and client coverage manager, with respect to investment matters ranging from portfolio design to fund selection and other related, ad hoc matters.

Responsibilities

• Source, evaluate, and track real estate fund offerings, including networking effectively in the GP community and conducting regular meetings to vet offerings.
• Communicate with managers about fund availability, demand, and source potential secondaries and co-investments.
• Perform detailed due diligence on investment managers and fund offerings, reviewing investment strategy, track record, team, organizational structure, and alignment of interests.
• Analyze and write fund summaries and comprehensive investment committee memos, scrutinizing PPMs, DDQs, track records, and other related materials, and interviewing references.
• Present and support fund recommendations to the Real Estate Funds Investment Committee, Portfolio Risk Management Committee, and clients as needed.
• Manage, train, and develop more junior team members to provide support for these activities.
• Become proficient with proprietary software (SPI: StepStone Private Intelligence) and other firm technology, assisting in gathering, verification, and use of a growing asset-level performance database.
• Take an active role in client deliverables and conversations, including preparing and discussing pipeline reviews, investment recommendations, annual plans, portfolio reviews, and responding to ad hoc client requests.
• Respond promptly to client inquiries, ensuring a high standard of service, responsiveness, and communication.
• Monitor economic and real estate market environment and trends to understand and discuss context for investment decisions, including discussing SRE House Views with clients.
• Contribute to new business development functions as needed.

Requirements

• BA/BS in Real Estate, Private Equity, Finance, Economics, Accounting, or equivalent relevant experience.
• 6+ years of real estate private equity consulting, portfolio management (preferred), or capital markets roles.
• Experience in diligencing and underwriting commingled fund structures or SMAs.
• Demonstrated track record of academic and professional success.
• Ability to represent the Firm credibly in written and interpersonal communications.
• Demonstrable analytical capabilities, including strong quantitative/modeling skills.
• Leadership potential and experience in managing and training more junior team members.
• High proficiency in Word, PowerPoint, and Excel; experience with PowerBI is desirable.
• Developing investment judgment and general understanding of risk/reward trade-offs.
• Flexibility to perform multiple functions in a dynamic and entrepreneurial organization.
• Ability and willingness to use, learn, and adopt new technologies.
• Availability to travel, primarily within the eastern US.
• High level of confidentiality and commitment to learning.

Skills

• Applied experience in valuation and investment analysis, particularly capital structures and cash flow waterfalls.
• CFA, CPA, or CAIA is a plus.

Pay

The salary range for this position is $150,000 - $155,000. Actual pay may vary depending on job-related factors including location, education, skill, and experience. The salary range does not include benefits or other forms of possible compensation that may be available to employees.