Associate, Investments Job at Carmel Partners, Washington DC

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  • Carmel Partners
  • Washington DC

Job Description

Carmel Partners , one of the nation's leading specialists in real estate investment management, with expertise in the investment, development, and construction of multi-family real estate, is seeking an Associate, Investments in our Washington, D.C. Regional Office.

The Associate's primary responsibility is to analyze and underwrite potential acquisitions and dispositions. The Associate will learn about all facets of the multifamily business (acquisitions/dispositions, rehab/development/debt, due diligence, transaction oversight), gain exposure to the company's target markets, and play an integral role in helping the Real Estate Team maximize investment returns.

What you'll do

  • Provide analytical support to the Real Estate Teams to help the company maximize investment returns
  • Manage existing deal pipeline for assigned markets/sub-markets
  • Assist with sourcing investment opportunities, conducting due diligence, and preparing financial analysis for potential existing and development opportunities
  • Lead the quarterly disposition/valuation process with Fund Management
  • Prepare investment memoranda/packages for the Investment Committee
  • Assist in creating and implementing market strategies for the DC Metro region that include deep knowledge of the local market, submarkets, and supply/demand drivers
  • Assist with completing the analysis of investments and development pursuits, including sales comparables, asset competitor sets, rental comparables and market reports
  • Maintain and regularly update proformas during the lifecycle of investments, from the initial valuation and due diligence process through business plan execution and disposition
  • Prepare cash flow projections and business plans to evaluate investment alternatives and support exit strategies
  • Support the coordination of pre-development work such as preliminary architectural and engineering issues, zoning issues, local government, and community support
  • Other duties, responsibilities and special projects as assigned

What you'll bring

  • Undergraduate degree in Business or Finance required, MBA or other related graduate degree a plus
  • Minimum 4 years professional experience; with 2 of that in commercial RE, preferably in multifamily
  • Strong knowledge of the DC Metro Market
  • Demonstrated track record in a comparable asset class and market
  • In-depth understanding of real estate valuation processes, underwriting, discounted cash flow analyses, and return on investment principles
  • Exceptional financial and numerical analytical skills, including high proficiency with Excel modeling
  • High level of proficiency with PowerPoint
  • Self-motivated and able to work in an autonomous, yet collaborative, environment
  • Team player with a commitment to excellence and integrity
  • Clear, concise and persuasive communications skills, including listening well
  • Calm, highly organized ability to prioritize well in a fast-paced environment
  • Curious with a passion for research and learning

Compensation and Benefits

Compensation and Benefits play a key role in your choice of employer, and our goal is to invest in you and your experience here. You'll find a competitive compensation and comprehensive benefits package at Carmel.

Base salary range for this position is $120,000 to $140,000 . The Company provides this compensation range and general description of other compensation and benefits that in good faith, believes it might pay and/or offer for this position. Total compensation for this role also includes a bonus incentive in addition to the base salary. The Company reserves the right to ultimately pay more or less than the posted range and offer additional benefits and other compensation, depending on circumstances not related to an applicant's sex or other status protected by local, state, or federal law.

A place for you

Here at Carmel, we don't just invest in buildings, we invest in careers. If you don't meet every qualification listed in this job posting, we encourage you to apply anyway. We are building diverse teams of unique talent and strongly encourage people from underrepresented groups to apply. Everyone takes their own path to get here. Join us!

Choose Carmel

At Carmel Partners , our mission is to create exceptional multifamily communities that enrich lives and neighborhoods.

Founded in 1996, Carmel is one of the nation's leading specialists in real estate investment management, focusing on U.S. multifamily development and construction, renovation, and debt investments. Through its vertically integrated platform, Carmel seeks to achieve superior risk-adjusted returns across varying market cycles by investing in relatively supply-constrained, high barrier-to-entry markets in the United States.

DEI Statement

We are committed to equitable hiring and promotion practices. We lead with integrity and believe in building a diverse and inclusive workplace, rooted in a culture of mutual respect. By welcoming varied backgrounds, perspectives, and ideas, we cultivate engagement and a sense of belonging that creates community within, so Carmel can build communities that thrive.

Carmel Partners is an Equal Opportunity Employer , committed to providing employees with a work environment free of discrimination and harassment. Employment decisions are based on business needs, job requirements, and individual qualifications without regard to race, color, religion or belief, gender, gender identity, gender expression, sexual orientation, pregnancy and reproductive decisions, family or parental status, national origin, age, disability, veteran status, or any other status protected under local, state, or federal laws.

Notice to Third-party Agencies: Carmel Partners does not have any standing offers to pay any referral compensation or recruitment fees for any open positions. Unless there is a signed agreement providing otherwise, Carmel Partners will not pay any compensation to any employment firm, staffing agency, recruiter, or other third party for any resumes or candidate profiles that are provided, even if the individual is hired by Carmel Partners. In the event a recruiter or third-party agency/firm submits a resume or candidate profile without a signed active agreement, Carmel Partners explicitly reserves the right to pursue, and hire said candidate without any notice or financial obligation to the recruiter or agency/firm. Carmel Partners reserves the right to retain, use, transfer and distribute any resumes and candidate profiles that are submitted, including those submitted to hiring managers.

Job Tags

Local area,

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