Real Estate Special Situations Associate

Long Ridge Partners; New York (NY); On-site; USD 90,000 - 120,000; Full time

Job summary

A prestigious investment firm in New York seeks an Associate for their Real Estate Investments team, focusing on distressed investments. The role involves underwriting deals, conducting due diligence, and building financial models. Candidates should have 1-3 years of relevant experience and strong Excel skills. The firm emphasizes a collaborative environment where the associate can manage multiple projects and contribute to investment decisions. This position provides a comprehensive exposure to the entire deal lifecycle.

Qualifications

• 1-3 years of experience in real estate credit, acquisitions, or investment banking.
• Strong financial modelling experience.
• Advanced Excel skills for data analysis.

Responsibilities

• Underwrite real estate investment opportunities at corporate and asset levels.
• Assist in due diligence of CRE investment opportunities across capital stack.
• Structure detailed financial models for investment decisions.
• Forecast performance and create business plan scenarios.
• Prepare initial screening and final investment memos for the Investment Committee.
• Contribute to asset-level recommendations for senior management.
• Develop strategic plans for assigned properties.

Skills

Financial modelling

Attention to detail

Analytical skills

Excel proficiency

Project management

Job description

Overview

Our client is a prestigious investment firm with over $20bn in AUM. They seek to hire an associate on the Real Estate Investments team with a focus on distressed and special situations investing.

Responsibilities

• The successful candidate will be responsible for underwriting real estate investment opportunities both at the corporate and asset level. This is a small investment team and the associate will get responsibility across the entire life cycle of the deal.
• Assist in the underwriting and due diligence of new CRE related investment opportunities across the capital stack
• Structure/Build detailed financial models and asset valuation tools to support investment decisions
• Forecast operating performance, financial projections and business plan scenarios for deal-specific underwriting
• Assisting with creating initial screening memos and final investment memos which will be presented before the Investment Committee
• Assist in the preparation of asset-level recommendations for senior management
• Prepare strategic plans for assigned properties and contribute to overall portfolio plans

Qualifications

• 1-3 years of experience of total work experience in real estate credit role, real estate acquisitions or in investment banking
• Significant financial modelling experience
• Advanced Excel knowledge, including ability to summarize data via formulas, lookups, Pivot Tables, conditional formatting, etc.
• Strong quantitative skills and demonstrated analytical and problem solving ability
• Strong attention to detail and ability to manage multiple projects