Investment Associate

Investment Associate

NRP Investments LLC is currently seeking an Investment Associate to join our Capital Markets team in Cleveland, OH!

JOB DESCRIPTION SUMMARY

Under the direction of the Vice President of Capital Markets, the Investment Associate will play a critical role in the financial evaluation, modeling, and underwriting of multifamily real estate investments, as well as capitalization of financing and project closings. The ideal candidate will have a strong understanding of real estate finance, solid analytical skills, and excellent communication skills with both internal and external parties.

ESSENTIAL FUNCTIONS

• Underwriting & Market Analysis:
• Build and maintain projects' financial models to incorporate appropriate development and operating assumptions for internal analysis with a strong attention to detail.
• Underwrite, identify and quantify risks, costs, and value drivers while providing recommendations on creative solutions.
• Perform sensitivity analysis and stress testing on deal terms to evaluate their impact on the overall investment returns.
• Conduct thorough analysis of macroeconomic and local market conditions to assess deal risks and opportunities.
• Work closely with internal teams, including development, construction, and operations, to ensure alignment of strategies with overall investment objectives.
• Strong written and verbal communication skills to work with NRP Group's Investment Committee for deal presentation and evaluation.

Capitalization & Financing:

• Prepare offering memorandum materials for capital raising to pitch NRP as a platform and specific deals.
• Conduct site and market tours with potential capital partners.
• Participate in closing calls, document negotiation, and serve as the main point of contact for debt and equity partners.
• Sales-oriented approach to developing materials and presenting deals. Team player who can also work independently.

SKILLS & ABILITIES

• Education: Bachelor's degree in Finance, Economics, Real Estate, Accounting required
• Experience: 1-3 years of experience in Capital Markets, Real Estate Finance, Accounting, or a related field, with a focus on multifamily real estate being preferred, or an advanced degree in a relevant field.
• Technical Skills: Proficient in Excel, Financial Modeling, InDesign experience preferred
• Personal Attributes: Excellent communication skills with experience presenting to a diverse audience. Detail oriented, highly adaptable and motivated to thrive in a fast-paced environment.
• Work Environment: This is a hybrid role based out of our Cleveland corporate office with flexibility to work remotely. Candidates must be willing to commute into the office at least 3-4 days/week.

JOB REQUIREMENTS

• Travel: Minor
• Other Requirements: Completion of an excel-based modeling test with a passing grade.

This position offers a salary range from $80k to $90k, depending on experience.