Associate, Equity Investments

Boston, MA, United States

Company Overview

Berkshire Residential Investments is a people-first real estate investment company who values not only the impact we make as a company, but the time we spend together in our high-performing teams. We value individual skills and perspectives to allow us to best serve our employees, investors, residents, and other stakeholders.

If you’re interested in a workplace where everyone feels empowered to bring their full, authentic selves to work each day, come join our talented and growing team at Berkshire Residential Investments. Our environment of entrepreneurial spirit, culture of expertise and our people-first approach will allow you to thrive while continuing to grow in your career.

Position Summary:

The Associate, Equity Investments will assist and support the Senior Equity Investment Officer(s) (SVP/VP/AVP) in their region/territory in sourcing, underwriting, due diligence, and closing core, core plus, and value add multifamily property acquisitions, debt investments, and equity joint venture investments for development with the primary goals of researching, analyzing and underwriting prospective investments to ensure outperformance against proforma and coordinating and processing due diligence in a timely and responsive manner.

Responsibilities include, but are not limited to:

Thoroughly and accurately underwrite potential multifamily investments

Shop comparable properties to determine competitive amenities, rents and sales prices

Assist property management in conducting due diligence on properties targeted for acquisition

Develop and apply quantitative models to deals under consideration

Develop capital budgets reflecting cost of renovations, rehabilitations and upgrades to properties to drive economic value

Communicate with brokers, agents and principals to complete research and validate underwriting assumptions

Compose written summaries and memorandums regarding potential acquisitions for Investment Committee and for external clients, if applicable

Consistently demonstrate use of tact and discretion

Knowledge/ Experience: A minimum of 3 years professional work experience is required, ideally in multifamily real estate or appraisal

Understanding economic indicators as they relate to valuing multifamily real estate

Ability to apply historical trends to current conditions to anticipate post-acquisition property performance

Knowledge of key financial concepts and metrics as they relate to the multifamily real estate industry, including capitalization rates, internal rates of return, cash-on- cash returns, and others

Ability to recognize value creation potential and to create analysis resulting in approval of deals by investment committee

Ability to see deals in terms of the overall business plan

Knowledge of all multifamily product types

Tenacity, patience, and perseverance to take deals from start to finish

Aptitude for organizing, prioritizing, and managing multiple priorities, using critical thinking and problem solving

Demonstrated multi-modal communication style that reaches every stakeholder, specifically excellent verbal, and written communications

Collaborative working style with inclusive work and thinking behaviors, commitment to excellence in teams and work product, with a strong work ethic

Proficiency and willingness to adopt new systems and processes

Demonstrate emotional intelligence in high pressure and sensitive situations

Ability to see, analyze and understand business dealings in terms of the overall business plan

Tenacity, patience, and perseverance to work with business deals from beginning to end of process

Represent the Berkshire employment brand well to candidates by seeking to understand the capabilities and insights of people with unique backgrounds, cultures, styles, and abilities

Maintain confidentiality of sensitive information and communications of information

Develop productive working relationships with all team members including internal clients and external third parties

Demonstrated high level of ethics and integrity with a straightforward and honest approach

Technical/ Educational Requirements: Bachelor’s Degree, preferably with an emphasis in Economics or Finance, or equivalent professional experience/training

Demonstrated ability to use and learn new technology (e.g., computers/hardware, mobile, software, cloud-based programs)

Proficiency with computers, keyboards, monitors and telephone headsets.

Proficiency in Microsoft Suite of Products (e.g., Word, Outlook, Excel, Teams, Power Point)

Consistently demonstrate use of tact and discretion

Berkshire Residential offers an excellent benefits package, focusing on our employees’ total health and wellness. We offer programs and incentives that promote physical, mental, financial, and behavioral wellbeing both within and beyond our workplace. Please visit our Careers page for full details – and to learn more about how we value our employees.

Berkshire Residential values diversity, equity, inclusion and belonging. Berkshire is committed to providing equal opportunity in all practices, including employees and applicants for employment. We ensure that decisions affecting employees are made without regard to their race, color, creed, national origin, age, disability, gender, gender identity, sexual orientation, or any other protected status.

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