Real Estate Investment Associate

Firm: Private, Single-Family Office Job Title: Associate Location: King of Prussia, PA (in-person required with some flexibility to work remotely as needed) Firm Overview A private, single-family office with a focus on direct real estate investments through joint-venture structures. The firm’s core focus is providing equity capital to experienced multifamily developers along the East Coast, partnering with institutional-quality sponsors on ground-up and adaptive reuse projects. The firm targets Southeast primary markets and select Northeast locations, emphasizing transit-oriented and suburban submarkets with strong demographic tailwinds and demand drivers. Job Description The Associate will serve as a core member of the investment team, with responsibility spanning the full investment lifecycle — from initial deal screening and underwriting through closing, portfolio monitoring, and exit. The role combines acquisitions and asset management in an integrated function, consistent with how a lean family office platform operates. Associates are expected to develop strong independent judgment and assume principal-facing responsibilities immediately. Typical Responsibilities Screening inbound deal flow against the firm’s investment criteria and producing deal summaries for principal review Building detailed financial models (or being expert in manipulating existing sponsor models) for multifamily development and adaptive reuse transactions Critically analyzing sponsor-provided pro formas: identifying version discrepancies, aggressive assumptions, embedded fee captures, and structural terms unfavorable to LP interests Preparing investment memoranda for principal review covering market analysis, deal structure, return analysis, risk factors, and sponsor evaluation. In coordination with principals, presenting investment memoranda at investment committee meetings Conducting primary market research: rent and sales comp analysis, submarket supply/demand assessment, and evaluation of third-party market studies Assisting principals in negotiating joint-venture agreement terms in coordination with legal counsel Quarterbacking transaction execution through close: engaging and managing third-parties, construction insurance review, legal documentation, and other ad-hoc closing items Serving as primary asset management contact for active investments: monitoring sponsor reporting, reviewing construction draws in coordination with third parties, and maintaining and reporting internally on pertinent project updates Building and maintaining internal investment process infrastructure: deal databases, external war rooms, underwriting templates, comp benchmarks, and portfolio tracking tools Qualifications The firm seeks a professional who combines rigorous analytical discipline with sound real estate judgment and the self-direction to operate effectively in a lean, principal-led environment. Desired qualifications: 3–5 years of relevant experience in multifamily acquisitions, development underwriting, or LP/GP equity investment Strong financial modeling skills: ability to build complex ground-up development models, waterfall structures, and sensitivity analyses from scratch High, demonstrated proficiency in Microsoft Excel and a detailed-oriented approach to drafting and refining investment memoranda Demonstrated ability to critically evaluate sponsor materials and form independent investment judgments Working knowledge of multifamily development economics and key assumptions Familiarity with JV structuring concepts: preferred returns, IRR hurdles, GP promotes, distribution waterfall mechanics, and co-invest requirements Prior experience at a multifamily developer, LP/GP equity platform, real estate private equity firm, or institutional family office preferred Excellent written and verbal communication skills; ability to translate complex analysis into clear, principal-ready narratives Intellectual curiosity, attention to detail, and comfort operating independently. Desire to grow within a rapidly evolving platform Asset management experience with baseline knowledge of construction types and means/methods is a plus but not required Comfort leveraging AI-powered research tools to accelerate market analysis, synthesize third-party data, and pressure-test investment assumptions is a plus; Proficiency with emerging analytical technologies is viewed as a meaningful differentiator in a competitive deal environment. Submarket-level knowledge of Southeast or secondary Northeast markets (Raleigh, Charlotte, Atlanta, Richmond, Nashville) is a plus but not required Compensation The firm offers a competitive base salary, benefits, and performance-based bonus commensurate with relevant peer group (institutional investment manager / family office / real estate private equity). #J-18808-Ljbffr