Associate - Asset Management

Bridge Homes; Salt Lake City (UT); On-site; USD 75,000 - 110,000; Full time

Benefits offered by this job

Health, dental, and vision insurance

401(k) plan with company match

Paid time off

Parental leave

Tuition reimbursement

Job summary

Bridge Development Fund Manager seeks an Associate to join its regional investment team in Salt Lake City / Sandy, Utah. The role covers the full ownership life cycle: delivery and lease-up, stabilization, refinancing, joint venture buyouts, and dispositions, working with the Senior Associate and regional Director who own the portfolio.

This position blends asset management with sponsor-facing analysis. You will build models, maintain the business plan, review monthly reports, and help prepare

Qualifications

• Three to five years of commercial real estate investment/asset management experience.
• Multifamily experience required as core portfolio.
• Advanced Excel and financial modeling skills.

Responsibilities

• Maintain the business plan, model, and reforecast for assigned investments.
• Build valuation and waterfall analyses for crystallization, buyout, and dispositions.
• Run scenarios and sensitivities; summarize findings for leadership.
• Prepare hold-sell analyses and re-underwriting as assets move through cycles.
• Track property performance, leasing velocity, and variances vs underwriting.
• Support budgeting, lender reporting, and investor communications.
• Assemble investment committee materials and assist with due diligence.

Skills

Financial modeling

Commercial real estate

Analytical thinking

Communication

Attention to detail

Team collaboration

Education

Bachelor's degree in real estate, finance, accounting, economics, or a related field

Tools

Excel

Job description

## Associate - Asset ManagementApply: Salt Lake City Office, Sandy, Utah: Full time: Posted 2 Days Ago: JR104970# Make an impactBridge Development Fund Manager is seeking an Associate to join one of its regional investment teams. You will support a group of multifamily investments through the full ownership life cycle — delivery and lease-up, stabilization, ongoing asset management, refinancing, joint venture partner buyout or crystallization, and disposition — working alongside the Senior Associate and regional Director who own the portfolio and the partner relationships.The job has two halves. One is asset management — tracking how the assets are actually performing. The other is sponsor-facing: the capital stack, the joint venture agreements, and the buyout structures behind them. You will build the analysis those conversations rest on, and over time take direct ownership of assets yourself.This is a seat with room in it. Our regional teams are small, so the work you do is visible and the path to running your own region is short. # Key responsibilities## Analysis and models* Maintain the business plan, model, and reforecast for assigned investments, and keep the current view of where each asset stands* Build valuation and waterfall analysis supporting crystallization, buyout, and disposition decisions* Run scenarios and sensitivities at the direction of the Senior Associate or regional Director, and summarize what they show* Prepare hold-sell analysis and re-underwriting as assets move through their capital event cycle## Capital events — refinance, buyout, crystallization* Support evaluation of crystallization and buyout notifications against the joint venture agreement* Compile appraisals and brokers' opinions of value supporting the transaction* Prepare draft investment committee financing memoranda for review* Support lender due diligence, legal review, consents, and closing logistics* Track loan maturities, extension options, rate cap and hedge renewals, and covenant compliance## Lease-up and ongoing ownership* Track property performance and leasing velocity against underwriting, and flag where absorption, pricing, or concessions are off plan* Participate in weekly property manager and partner calls* Review partner development draws and fee calculations, and prepare recommendations for approval* Review monthly financials and budget-to-actual performance, and confirm lender reporting requirements are met* Support annual budgeting and variance analysis for assigned assets## Reporting* Prepare quarterly asset status reports, including market research, actuals, and model roll-forwards* Build valuation and investment committee materials for review by the Senior Associate and regional Director* Provide asset-level inputs supporting fund cash forecasting, capital calls, distributions, and investor reporting* Based in Salt Lake City, with travel to properties and partner offices as needed# What you should bring* Three to five years of commercial real estate experience across investment management, asset management, acquisitions, or development* Multifamily experience. This is the core of the portfolio and other asset types do not substitute for it* Advanced Excel and financial modeling, including comfort working inside large, linked models built by others* Exposure to joint venture structures — operating agreement mechanics, promote and waterfall calculations, and partner reporting* Exposure to commercial real estate financings and the closing process* The judgment to tell the difference between what the underwriting says and what is actually happening at the asset* Accuracy across multiple concurrent workstreams and recurring deadlines, without prompting* Clear written and verbal communication, including materials that will be read by senior leadership* Bachelor's degree in real estate, finance, accounting, economics, or a related field# Preferred* Asset management background; acquisitions experience can substitute* Experience preparing investment committee materials* Recent multifamily experience* Ground-up multifamily development and lease-up exposure* Experience working with multiple third-party property managers* Exposure to closed-end fund structures, capital calls, and distribution waterfalls* Mixed-use or ground-floor retail exposure# **Benefits Overview**Bridge Investment Group offers a comprehensive and competitive benefits package designed to support the health, financial security, and well‐being of our employees. Benefits eligibility and availability vary based on position, employment status (full‐time or part‐time), and length of service, and are subject to change in accordance with plan terms. This summary highlights key benefits and does not constitute a guarantee of coverage. Specific benefits and eligibility requirements will be provided at the time of offer.**Benefits may include:****Health & Insurance Benefits*** Comprehensive insurance options, including Medical, Dental, and Vision* Optional coverage such as Critical Illness, Accident, Legal & Identity Theft, and Pet Insurance* Company‐paid Life Insurance, with the option to purchase additional coverage* Company‐paid Long‐Term Disability coverage* Access to a benefits concierge service for personalized support* Access to mental health and well‐being resources**Retirement*** 401(k) Plan with dollar‐for‐dollar company match up to 6% of pay + Contributions are fully vested immediately + Eligible employees are automatically enrolled at a 4% contribution rate + *Eligibility requires a minimum age of 21 and at least 60 days of service***Time Away From Work*** Paid Time Off (PTO)* 11 paid holidays annually**Parental Leave*** Following six (6) months of employment, eligible employees may receive: + Four (4) weeks of paid parental leave as a primary caregiver, or + Two (2) weeks of paid parental leave as a secondary caregiver* Following two (2) years of employment, eligible primary caregivers may receive up to twelve (12) weeks of paid parental leave per birth, adoption, or placement**Learning & Development*** Tuition Reimbursement of up to $5,000 per year for pre‐approved education expenses + Repayment obligations may apply if employment ends prior to 24 monthsWe at Bridge acknowledge and appreciate the uniqueness of each individual, understanding that our people are the key to our success. We are committed to fostering an inclusive environment where everyone feels respected and valued. Our dedication extends beyond our business goals to making a positive impact in our communities and upholding Sustainability and Responsibility (S&R) principles at our properties and corporate locations. We evaluate all candidates based on merit, without any discrimination based on race, color, religion, sex, age, disability, sexual orientation, national origin, or any other category protected by law. As an equal opportunity employer, we are devoted to creating an inclusive hiring process. We actively work to eliminate barriers and provide reasonable accommodations to qualified individuals with disabilities. Our goal is to provide fair opportunities and access throughout the recruitment, hiring, and employment experience.Your specific needs are important to us. If you need accommodations related to a disability or any other protected status during the recruitment process, please email [e-mail].