L/S REITs Analyst

Selby Jennings; New York (NY); On-site; USD 120,000 - 190,000; Full time

Job summary

Selby Jennings is seeking an Investment Associate to join a long/short REIT and Real Estate equity team in New York. The role offers significant responsibility from day one, working directly with the Portfolio Manager on idea generation, company analysis, and portfolio monitoring.

The successful candidate will perform fundamental research across a broad real estate spectrum, build NAV-based valuations, and contribute to investment memos.

Qualifications

• 4-10 years of relevant experience in equity research or investing, preferably covering REITs, Real Estate, or related sectors.
• Experience on the buy-side (long/short or long-only).
• Demonstrated passion for public markets and fundamental stock picking.
• Strong financial modeling, accounting, valuation, and real estate underwriting skills.
• Knowledge of REIT business models, property-level fundamentals, NAV analysis, and real estate capital markets.
• Excellent analytical, written, and verbal communication skills.

Responsibilities

• Conduct deep fundamental research on publicly traded REITs and real estate-related companies across sectors including Residential, Industrial, Data Centers, Cell Towers, Office, Retail, Healthcare, Self-Storage, Hotels, and Specialty REITs.
• Build and maintain detailed financial models, earnings forecasts, NAV valuations, and company-specific underwriting frameworks.
• Generate actionable long and short investment ideas through primary and secondary research.
• Analyze industry trends, property market fundamentals, capital markets activity, development pipelines, leasing trends, and other key real estate drivers.
• Monitor portfolio holdings, earnings releases, property transactions, financing activity, and macroeconomic developments impacting the sector.
• Prepare investment memos and communicate recommendations directly to the Portfolio Manager.

Skills

Financial Modeling

NAV Valuations

Real Estate Underwriting

Equity Research

Public Markets Analysis

Long/Short Equity

Job description

A leading multi-manager investment platform is seeking an Investment Associate to join a long/short equity team focused on the REITs and Real Estate sector. The team is led by an established Portfolio Manager with a strong track record of investing across the real estate landscape. This is an opportunity to join a growing investment platform that combines an entrepreneurial team environment with institutional resources, sophisticated risk management, and extensive research capabilities.

Role Summary:

The team is looking for a highly motivated Investment Associate to support fundamental REIT and Real Estate equity research efforts. Working directly alongside the Portfolio Manager, the successful candidate will be involved in idea generation, company analysis, financial modeling, and portfolio monitoring across a broad range of property sectors and real estate-related businesses. The role offers meaningful responsibility from day one and significant exposure to the investment decision-making process.

Key Responsibilities:

• Conduct deep fundamental research on publicly traded REITs and real estate-related companies across sectors including Residential, Industrial, Data Centers, Cell Towers, Office, Retail, Healthcare, Self-Storage, Hotels, and Specialty REITs.
• Build and maintain detailed financial models, earnings forecasts, NAV valuations, and company-specific underwriting frameworks.
• Generate actionable long and short investment ideas through primary and secondary research.
• Analyze industry trends, property market fundamentals, capital markets activity, development pipelines, leasing trends, and other key real estate drivers.
• Monitor portfolio holdings, earnings releases, property transactions, financing activity, and macroeconomic developments impacting the sector.
• Engage with company management teams, industry experts, brokers, developers, investors, and sell-side analysts.
• Prepare investment memos and communicate recommendations directly to the Portfolio Manager.

Qualifications:

• 4-10 years of relevant experience in equity research or investing, preferably covering REITs, Real Estate, or related sectors.
• Experience on the buy-side (long/short or long-only)
• Demonstrated passion for public markets and fundamental stock picking.
• Strong financial modeling, accounting, valuation, and real estate underwriting skills.
• Knowledge of REIT business models, property-level fundamentals, NAV analysis, and real estate capital markets.
• Excellent analytical, written, and verbal communication skills.
• Ability to thrive in a fast-paced, high-performance investment environment.