Associate - Investments at Renegade Capital in Denver, Colorado

Renegade Capital Investment Associate

Founded in 2021, Renegade Capital is a Denver-based highly entrepreneurial multidisciplinary firm that relentlessly pursues value in commercial real estate. Our focus is on value-add multifamily assets in high-growth markets with solid underlying fundamentals and strong economic drivers. Renegade's portfolio currently spans seven states and is specific to markets throughout the Mountain West, Midwest, and Sun Belt regions.

Position Overview

Renegade is seeking a highly talented individual at an Associate or Senior Associate level to add to our Investments team. The right fit for this role has an exceptional work ethic, 3+ years of direct multifamily acquisition and asset management experience and is seeking a highly entrepreneurial environment with a small but rapidly growing company where they can wear many hats. The role will directly support the Executive team in the acquisition, asset management, and disposition of multifamily assets throughout the US.

Key Responsibilities - Asset Management:

• Assist with creation of budgets and forecasts
• Build and maintain detailed analyses related to property valuation and asset performance
• Assist in the preparation of analysis associated with investor distribution amounts
• Research loan document covenants as it pertains to leasing, future funding, escrow reimbursements, and other covenants as necessary
• Provide administrative support to third-party management companies
• Strong ability to understand and speak to existing data points
• Ability to forecast financial projections by utilizing existing data points (T-12) as well as ability to research micro and macro market trends for existing assets
• Lead the weekly Asset Management calls with property-level management teams
• Use detailed analysis to monitor KPI's and see trends
• Review and analyze Renegade's standard weekly Asset Management report
• Monitor existing debt service, reserves, and manage existing Lender relationships
• Create forward-looking projections to monitor downside protection against shortfalls
• Retain the ability and industry knowledge to identify potential issues before they develop, and understand how to implement a proactive response
• Track stabilized assets and provide input for disposition or long-term hold
• Assist and manage the disposition process from an operations standpoint

Key Responsibilities - Acquisitions:

Deal Sourcing and Evaluation:

• Identify and evaluate multifamily investment acquisition opportunities in key markets across multiple markets
• Manage a pipeline of actionable deal flow through both traditional intermediary channels and innovative marketing strategies
• Create new marketing initiatives to procure off-market deal flow through proprietary sourcing
• Conduct thorough financial analysis, due diligence, and risk assessment to evaluate potential acquisitions
• Directly manage underwriting activities.

Transaction Execution:

• As a key member of the deal team, you will contribute to the weekly equity pipeline
• Lead negotiations, structuring, and closing of complex transactions to maximize investment returns while mitigating risks
• Collaborate with legal, financial, and operational teams for seamless and successful acquisition process

Market Intelligence:

• Stay updated on market trends, economic indicators, and regulatory changes affecting multifamily real estate investments in Renegade's target markets
• Utilize market insights to inform investment strategies and optimize portfolio performance
• Identify new markets and or strategies creating new opportunities for investment

Relationship Management:

• Cultivate and maintain strong relationships with brokers, owners, developers, and other industry stakeholders to enhance deal flow and market intelligence
• Represent Renegade professionally at industry events and forums to maintain our profile as a highly regarded middle-market investor while expanding the firm's network

Strategy and Reporting:

• Develop investment strategies aligned with the Company's objectives and investor expectations
• Prepare detailed investment memos, presentations, and periodic reports for executive team and investment committees
• Mentor and train junior associates and analysts as they grow within the firm

Qualifications:

• Bachelor's degree in finance, real estate, business administration, or a related field
• Minimum 3 years of direct experience in multifamily real estate acquisitions and asset management, with a proven track record of successful value-add executions and full-cycle deals
• Proven experience in additional asset classes is a plus (office, industrial, retail, etc)
• Proven ability to source acquisition opportunities in Renegade target markets, demonstrating the ability to identify and capitalize on compelling opportunities that align with the firm's strategic goals and investment criteria by navigating market dynamics, understanding local regulations, and building relationships with key stakeholders to secure high-potential properties for acquisition
• Strong financial modeling and analytical skills, including high proficiency in Excel, ARGUS, Macabacus, and real estate valuation software
• Excellent negotiation, communication, and interpersonal skills
• Strategic thinker with a proactive approach to identifying and capitalizing on investment opportunities.
• Ability to thrive in a fast-paced, entrepreneurial environment while managing multiple priorities
• Strong relationships with brokers, owners, developers, homebuilders, and other industry stakeholders, enabling effective collaboration and access to exclusive opportunities
• Must be willing to travel up to 30%, travel frequency intermittent

Compensation/Benefits:

• Competitive salary commensurate with experience, ranging from $80,000-$120,000 depending on experience
• Clear path to carried interest on a deal-by-deal basis
• Discretionary, performance-based bonus structure, awarded per deal - allowing for multiple bonuses throughout the year
• Health insurance
• Opportunities for professional development and career advancement within a growing organization