Asset & Investment Management Analyst - Multifamily Private Equity

Asset & Investment Management Analyst

Bluecrest Residential ("Bluecrest") is a privately owned real estate investment company headquartered in Newport Beach, CA. Bluecrest principals have owned and operated a multifamily portfolio totaling more than 16,000 units and in high-growth secondary markets. Bluecrest's competitive advantage stems from its long-standing industry relationships and its fully integrated property management, asset management, and data analytics platform.

Since 2018, Bluecrest principals have been investing preferred equity in multifamily assets on behalf of large institutional investors. In 2022, Bluecrest principals were the largest seller of multifamily in the US and has consistently delivered exceptional results, with deal level IRRs exceeding 30% annually since inception. Going forward, Bluecrest is looking to acquire high-quality multifamily assets across the Sunbelt and continue to invest preferred equity in multifamily development projects.

Bluecrest is adding an Asset & Investment Management Analyst to support our multifamily investment team in Newport Beach, CA. This role offers direct exposure to all aspects of the investment lifecycle, working closely with senior leadership on portfolio monitoring, construction management, investor reporting, and complex investment situations. The Analyst will play a key role in evaluating investment performance, identifying risks and opportunities, and supporting strategic decision-making across the portfolio.

The Asset & Investment Management Analyst focused on asset management and portfolio operations (75% of time), while also providing direct exposure to acquisitions, underwriting, and investment team initiatives (25% of time).

Key Responsibilities

• Acquisitions & Underwriting
• Build and maintain detailed financial models for multifamily acquisitions and development projects
• Analyze rent rolls, T-12s, budgets, and market data to reforecast portfolio performance
• Support investment reporting materials, including memos, return analysis, and scenario modeling
• Assist in due diligence processes, including review of third-party reports and financial data
• Construction & Development Oversight
• Track construction progress, budgets, and timelines across active development projects
• Analyze cost-to-complete, draw requests, and construction variances
• Assist in evaluating change orders, contractor performance, and project risks
• Coordinate with developers and internal teams on construction-related reporting and requirements
• Portfolio Monitoring & Reporting
• Prepare monthly and quarterly portfolio reporting materials for internal and investor use
• Perform variance analysis against underwriting and reforecast projections
• Support cash flow forecasting and performance tracking across investments
• Investment Memos & Special Situations
• Assist in evaluating underperforming or complex investments, including restructurings and workout scenarios
• Prepare analytical memos with clear recommendations for senior leadership
• Conduct ad hoc analyses on strategic initiatives, capital events, and portfolio decisions
• AI & Process Optimization
• Leverage AI tools (e.g., Claude, ChatGPT, Excel integrations) to streamline underwriting, reporting, and workflows
• Help develop and refine internal processes to improve efficiency and scalability
• Identify opportunities to automate recurring analyses and enhance data quality