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Associate, Equity Investments

1 month ago


Boston, United States Berkshire Residential Investments Full time

**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 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
- 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
- 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, gende


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