Associate, Asset Management/Investments

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, Asset Management/Investments in our San Francisco Regional Office

Summary

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 of the qualifications for this role, we encourage you to monitor our career page for upcoming opportunities.We're committed to assembling diverse teams with exceptional talent, and we strongly 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 opportunitiesSupport Asset Management, Development, and Investments Teams with analysis for existing and potential dealsOversee the strategic and financial performance of assigned propertiesConduct detailed monthly financial reviews to monitor property budgets and performance against benchmarksPrepare monthly cash flow projections for portfolio of assetsCollaborate with onsite managers and external parties to maintain leasing targetsProvide 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 recommendationsParticipate 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 performanceParticipate in underwriting potential acquisition and development deals and assist with due diligence processAssist in quarterly valuation and disposition monitoringAssist in the disposition process to maximize asset sales priceCoordinate with brokers on marketing materials and due diligenceConduct market research to understand competitor offerings, market trends, and shop competitive properties annuallyPrepare preliminary financial packages for the Investment CommitteeEffectively utilize Asset Management's operational software systems for reporting, tracking, and analysisLead initiatives to enhance company-wide tools, processes, and deliverablesTravel to Carmel's Seattle regional assets on a monthly or bi-monthly cadence Who you are Ability to communicate effectively with and present information to Senior ManagementExcellent written, verbal, and analytical skillsCreative, self-motivated, and intellectually curious to drive results independently and as part of a teamExcellent organizational and time management skills - able to manage and execute on multiple projects simultaneouslyValues relationships - thrives in a team-oriented settingPassionate about the investment and real estate industries What you'll bring Bachelor's degree in real estate, finance, or related field required, MBA a plus4+ years' professional experience in commercial real estate, financial analysis, or asset management (multifamily preferred) with 2+ years' experience in underwriting and acquisitionsExcellent analytical, financial, and quantitative skills, with the highest level of attention to detailStrong presentation skills enabling the ability to make written and oral recommendations and interact effectively with internal and external stakeholdersTeam player with a commitment to excellence and a high level of integrityProficient to advanced skills with MS Office (Excel, PowerPoint, Word, Outlook)Proficiency in property management systems a plus (Yardi, REBA, etc.) 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.

Base salary range for this position is $130,000 to $150,000. 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.

DEI Statement

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 varied backgrounds, perspectives, and ideas, we cultivate engagement and a sense of belonging that creates community within, so Carmel can build communities that thrive.

Carmel Partners is an Equal Opportunity Employer, committed to providing employees with a work environment free of 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 there is a signed agreement providing 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 that are provided, even if the individual is hired by Carmel Partners. In the event a recruiter or third-party agency/firm submits a resume or candidate profile without a signed active agreement, Carmel Partners