Multifamily Investment Associate

2 weeks ago


Salt Lake, Utah, United States Dakota Pacific Real Estate Full time

ABOUT DAKOTA PACIFIC REAL ESTATE

Dakota Pacific Real Estate ("DPRE") is a prominent real estate development and investment firm located in Salt Lake City, specializing in multi-family, industrial, and mixed-use projects across the Intermountain West. Established in 2010, DPRE manages various discretionary funds and collaborates with both private and institutional capital partners. The leadership team is dedicated to becoming a leading regional real estate entity by fostering a top-tier team capable of unlocking value in both the current portfolio and future ventures. We are in search of intelligent, motivated individuals with unwavering integrity to help us achieve our ambitious objectives.

ROLE OVERVIEW:

As a Senior Associate focused on Multifamily Investments, you will collaborate with senior management on all facets of real estate investment and development initiatives. This position offers comprehensive exposure to the entire real estate investment and development process, from acquisition and project underwriting to planning, construction, and operational stabilization of assigned projects.

QUALIFICATIONS:

  • Bachelor's degree from an accredited institution; advanced degrees (MBA, MRED, etc.) are advantageous but not mandatory
  • 2-5 years of experience in real estate, with a preference for candidates specializing in multifamily
  • Outstanding analytical, quantitative, and financial modeling skills, with substantial underwriting experience
  • Strong critical thinking abilities and resourcefulness to identify and mitigate risks while enhancing opportunities
  • Excellent verbal and written communication skills; highly interpersonal
  • Independent thinker comfortable articulating contrarian perspectives
  • Meticulous attention to detail; adept at managing multiple priorities and meeting tight deadlines
  • Self-directed and goal-oriented, thriving in a collaborative team environment

KEY RESPONSIBILITIES:

  • Assist the Multifamily team in evaluating, underwriting, conducting due diligence, performing market research, and managing the acquisition, disposition, and asset management of both future and existing multifamily investments
  • Conduct deal screening and initial economic feasibility assessments
  • Oversee delegated processes related to project pursuit, pre-development, construction, and asset management in collaboration with the project lead
  • Support senior development staff in obtaining necessary approvals, certifications, permits, and other requirements from governmental agencies
  • Prepare and present investment memoranda to the Investment Committee
  • Actively manage assets in accordance with Investment Committee-approved business plans through leasing support, ad-hoc analyses, and ongoing monitoring and reporting
  • Assist in capital raising efforts for debt and equity, primarily through the creation of presentations and follow-up
  • Prepare and monitor development budgets; maintain project timelines, ensuring milestones are achieved on schedule and within budget
  • Assist with monthly construction progress reporting, including schedules and payment applications
  • Provide regular updates regarding project status to leadership, investors, and other stakeholders

LOCATION:

This position is based in Salt Lake City, UT.



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