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 Analyst, Acquisitions and Development in our Santa Monica Office.
The primary responsibility of this Analyst is to analyze and underwrite potential acquisitions and dispositions. The Analyst will gain comprehensive knowledge of all facets of the multifamily business, including acquisitions, dispositions, capital improvements, development, debt, due diligence, and transaction oversight.
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 listed 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 encourage individuals from a wide range of backgrounds 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
- Assist the Acquisitions & Development team in analyzing potential acquisition and development opportunities, including:
- Determining preliminary income and expense projections
- Evaluating in-place and market rents
- Assessing economic, demographic, and real estate market data
- Analyzing and tracking sales comp data
- Preparing and ensuring the accuracy of valuation models/proformas
- Actively participate in evaluating and closing real estate transactions (both acquisitions and dispositions)
- Prepare preliminary financial packages for the Investment Committee
- Maintain and regularly update proformas during the lifecycle of investments, from the initial valuation and due diligence process through business plan execution and disposition
- Prepare cash flow projections and business plans to evaluate investment alternatives and exit strategies
- Handle legal contracts, including:
- Pre-screening contracts for common terms and conditions
- Coordinating third-party attorney services with the team and General Counsel
- Assist with special Asset Team Projects and corporate-level initiatives
Who you are
- Excellent organization and time management skills - able to manage and execute multiple projects simultaneously
- Exceptional communication, presentation, and interpersonal skills
- Values relationships - thrives in a collaborative team setting as well as working independently
- Demonstrates impeccable integrity and dependable judgement
- Demonstrated passion for real estate
What you’ll bring
- Bachelor’s degree in relevant field; finance, business, or economics
- 2+ years of professional experience, preferably in the real estate investment sector
- High proficiency in Excel modeling
- Basic understanding of finance and real estate concepts
- Experience with cash flow modeling
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 $100K to $110K. The Company provides this compensation range and general description of other compensation and benefits that 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.
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.
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.
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 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.
