Real Estate Investments Associate: Underwrite & Optimize

AOG Living; Houston (TX); On-site; USD 65,000 - 90,000; Full time

Job summary

AOG Living in Houston seeks an Associate of Investments to support the full lifecycle of real estate investments, from underwriting new opportunities to asset management of existing assets.

The role involves building financial models, performing market research, coordinating due diligence, and preparing investment materials for leadership and the investment committee. Travel for site visits may be required.

Qualifications

• Bachelor's degree in Finance, Real Estate, Business, Economics, Accounting, or a related field.
• 2-5 years of experience in real estate investment, acquisitions, underwriting, or asset management; multifamily experience strongly preferred.
• Advanced proficiency in Microsoft Excel, including complex financial modeling.
• Strong understanding of real estate finance principles, including capital stacks, debt structures, and standard return metrics.
• Excellent analytical, quantitative, and problem-solving skills, with strong attention to detail.
• Strong written and verbal communication skills, with the ability to present analysis clearly to senior leadership.
• Highly organized with the ability to manage multiple deals and priorities simultaneously under deadline pressure.
• Self-motivated team player who is comfortable working both independently and collaboratively across departments.
• Willingness to travel periodically for property visits and market tours.

Responsibilities

• Build and maintain detailed financial models to underwrite prospective acquisition and investment opportunities, including cash flow projections, sensitivity analyses, and return metrics (IRR, equity multiple, cash-on-cash, yield-on-cost).
• Conduct market and submarket research, including rent comparables, supply and demand trends, and competitive positioning, to support investment theses.
• Perform due diligence on prospective acquisitions, coordinating with legal, property management, and third-party vendors as needed.
• Prepare investment memoranda, presentations, and supporting materials for review by leadership and the investment committee.
• Support debt and equity financing efforts, including preparation of lender packages and coordination of the closing process.
• Assist with sourcing new investment opportunities and maintaining relationships with brokers, lenders, and other market participants.
• Actively monitor the operational and financial performance of existing assets against budget and business plan objectives.
• Partner with property management teams to review property-level financials, identify variances, and recommend corrective actions.
• Perform pricing analyses by strategically reviewing premiums and comps to determine new lease and renewal pricing.
• Build property budgets and business plans and revise financial projections on a quarterly basis to assess ongoing returns and drive performance against underwritten projections.
• Track key portfolio metrics and prepare regular performance reporting for internal stakeholders and investors.
• Evaluate value-add, capital expenditure, and repositioning opportunities for existing assets.
• Prepare refinancing, disposition, and hold/sell analyses for assets throughout the ownership period.
• Maintain and continuously improve underwriting models, reporting templates, and internal investment tracking systems.
• Prepare quarterly and annual investor reporting materials in coordination with the Investments and Accounting teams.
• Support ad hoc financial analysis and special projects as assigned by senior Investments team members.
• Above all, own the work.

Skills

Financial modeling

Underwriting

Asset management

Market research

Financing knowledge

Communication

Analytical skills

Excel proficiency

Budgeting

Time management

Education

Bachelor's degree in Finance/Real Estate/Business/Economics/Accounting

Tools

MS Excel

Job description

AOG Living in Houston seeks an Associate of Investments to support the full lifecycle of real estate investments, from underwriting new opportunities to asset management of existing assets.

The role involves building financial models, performing market research, coordinating due diligence, and preparing investment materials for leadership and the investment committee. Travel for site visits may be required.