Associate, Investments and Asset Management

Carmel Partners , one of the nation’s leading specialists in real estate investment management, with expertise in the investment, development, and construction of multi-family real estate, is seeking an Associate, Investments and Asset Management in our New York Regional Office.

The Associate position’s primary objective is to evaluate new opportunities, enhance operations, and optimize returns for individual assets and the overall property portfolio. This involves underwriting new acquisitions, executing business plans, and maximizing value of held assets. The Associate oversees a small portfolio of assets in an assigned region.

A place for you

Here at Carmel, we don’t just invest in buildings, we invest in careers. If you don’t meet all the qualifications listed for this role, we encourage you to monitor our career page for upcoming opportunities. We are committed to assembling diverse teams with exceptional talent and urge individuals from underrepresented groups to apply. Everyone’s career journey is unique, so let’s explore how you could be a great fit for our team!

What you’ll do

• Work closely with Senior Vice Presidents and Directors of Asset Management and Investments to maximize operations of a regional portfolio of properties and evaluate new opportunities
• Support Asset Management, Development, and Investments Teams with analysis for existing and potential deals
• Oversee the strategic and financial performance of assigned properties
• Conduct detailed monthly financial reviews to monitor property budgets and performance against benchmarks
• Prepare monthly cash flow projections for portfolio of assets
• Collaborate with onsite managers and external parties to maintain leasing targets
• Provide ongoing analysis of and make recommendations for rent & concession strategies, property financials, leasing trends, expiration schedules, submarket fundamentals, and portfolio trends. Including contributions to revenue management / pricing calls with analysis and recommendations
• Participate in annual budgeting as well as preparation and presentation of Quarterly Asset Reviews, and Annual Asset Level Business Plans for Carmel Senior Leadership, including detailed analysis of actual property performance compared to goals, budget, and historical performance
• Manage new and existing deal pipeline for assigned markets / sub-markets
• Participate in underwriting potential acquisition and development deals and assist with due diligence process
• Assist in quarterly valuation and disposition monitoring
• Coordinate with brokers on marketing materials and due diligence
• Conduct market research to understand competitor offerings, market trends, and shop competitive properties annually
• Prepare preliminary financial packages and investment memorandums for Investment Committee
• Effectively utilize Asset Management’s operational software systems for reporting, tracking, and analysis
• Lead initiatives to enhance company-wide tools, processes, and deliverables
• Prepare cash flow projections and business plans to evaluate investment alternatives and support exit strategies
• Oversee the technical / underwriting training for Financial Analysts assisting the team

Who you are

What you’ll bring

Compensation and Benefits

Compensation and Benefits play a key role in your choice of employer, and our goal is to invest in you and your experience here. You’ll find a competitive compensation and comprehensive benefits package at Carmel.

The Base salary range for this position is $145,000 to $160,000 . The Company provides this compensation range and general description of other compensation and benefits that it, in good faith, believes it might pay and / or offer for this position. Total compensation for this role also includes a bonus incentive in addition to the base salary. The Company reserves the right to ultimately pay more or less than the posted range and offer additional benefits and other compensation, depending on circumstances not related to an applicant’s sex or other status protected by local, state, or federal law.

Choose Carmel

At Carmel Partners , our mission is to create exceptional multifamily communities that enrich lives and neighborhoods.

Founded in 1996, Carmel is one of the nation’s leading specialists in real estate investment management, focusing on U.S. multifamily development and construction, renovation, and debt investments. Through its vertically integrated platform, Carmel seeks to achieve superior risk-adjusted returns across varying market cycles by investing in relatively supply-constrained, high barrier-to-entry markets in the United States.

We are committed to equitable hiring and promotion practices. We lead with integrity and believe in building a diverse and inclusive workplace, rooted in a culture of mutual respect. By welcoming diverse backgrounds, perspectives, and ideas, we cultivate engagement and a sense of belonging that fosters community within, enabling Carmel to build communities that thrive.

Carmel Partners is an Equal Opportunity Employer , committed to providing a work environment free from discrimination and harassment. Employment decisions are based on business needs, job requirements, and individual qualifications without regard to race, color, religion or belief, gender, gender identity, gender expression, sexual orientation, pregnancy and reproductive decisions, family or parental status, national origin, age, disability, veteran status, or any other status protected under local, state, or federal laws.

Notice to Third-party Agencies : Carmel Partners does not have any standing offers to pay any referral compensation or recruitment fees for any open positions. Unless a signed agreement provides otherwise, Carmel Partners will not pay any compensation to any employment firm, staffing agency, recruiter, or other third party for any resumes or candidate profiles provided, even if Carmel Partners subsequently hires the individual. In the event a recruiter or third-party agency / firm submits a resume or candidate profile without a signed active agreement, Carmel Partners explicitly reserves the right to pursue, and hire said candidate without any notice or financial obligation to the recruiter or agency / firm. Carmel Partners reserves the right to retain, use, transfer, and distribute any resumes and candidate profiles that are submitted, including those submitted to hiring managers.

Qualifications Education

Required

Bachelors

Experience

Required 3 years

Investments and Asset Management

Equal Opportunity Employer

This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.

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