Associate, Debt Asset Management, Real Estate

Kayne Anderson Real Estate Debt Associate

Location: Boca Raton, FL (Full Time / In Office)

Kayne Anderson Real Estate is a leading real estate investment firm, managing approximately $21 billion in assets across opportunistic equity, core equity, and real estate debt, with sector expertise in medical office, seniors housing, off-campus student housing, multifamily housing, self-storage, and light industrial. Kayne Anderson Real Estate is part of Kayne Anderson, an over $41 billion alternative investment management firm with more than 41 years of experience in the real estate, credit, infrastructure, and energy sectors.

With more than 130 professionals, Kayne Anderson Real Estate has consistently demonstrated its ability to bring more to an opportunity than equity capital, enhancing a project's overall performance and quality by incorporating best practices and effective alternatives in the design, construction, documentation, financing, and operation of investments. The firm's entrepreneurial spirit and resilient culture, combined with a reputation for quick response, firm commitment, and timely execution, has solidified Kayne Anderson Real Estate's reputation and resulted in strong relationships with developers, owners, operators, financing sources, and other intermediaries.

Position Overview:

Kayne Anderson Real Estate Debt is seeking an Associate-level professional to join our Asset Management team. This role provides broad exposure to underwriting, structuring, modeling, portfolio management, and special situations across the firm's real estate debt platform.

The Associate will be an integral member of a small, entrepreneurial, and growing team managing a multi-billion-dollar debt investment platform. The platform invests across the capital structure: including first mortgage loans, mezzanine loans, preferred equity, and fixed-income securities, and spans multiple property types such as multifamily, seniors housing, student housing, medical office, self-storage, and specialty industrial assets.

General Position Responsibilities:

• Contribute to the execution of special situations and workouts, including loan modifications, restructurings, negotiated resolutions, enforcement strategies, and REO-related analysis and oversight.
• Support the active management and surveillance of a diverse portfolio of commercial real estate debt investments, with significant exposure to transitional assets and complex credit scenarios.
• Perform detailed financial analysis, underwriting, and cash flow modeling, including downside, stress, and recovery scenarios, to support asset-level and portfolio-level decision making.
• Maintain and update property- and loan-level underwriting, including variance analysis between internal assumptions and borrower-provided projections.
• Assist in identifying and monitoring credit risks related to collateral performance, sponsorship, structure, and market conditions, and support the preparation of risk ratings and credit memoranda.
• Support ongoing loan surveillance, including compliance monitoring, covenant tracking, and participation in recurring operational and performance calls with borrowers.
• Assist with the review, analysis, and processing of borrower requests, including future funding commitments, construction draws, amendments, waivers, and escrow disbursements.
• Support portfolio management initiatives, including aggregation of asset-level performance data, identification of performance and risk trends, and preparation of materials for internal and external reporting.
• Assist with leverage facility administration, including covenant testing, borrowing base calculations, and coordination of reporting and deliverables to financing counterparties.
• Coordinate with internal investment, asset management, legal, and finance teams, as well as external borrowers, counsel, lenders, brokers, and third-party service providers, to support execution across the investment lifecycle.