Associate - Asset Management

Bridge Investment Group • Sandy, UT

9d • Onsite

About The Position

Bridge Development Fund Manager is seeking an Associate to join a regional investment team and support multifamily investments throughout the full ownership life cycle, from delivery and lease-up through stabilization, ongoing asset management, refinancing, joint venture partner buyout or crystallization, and disposition. The Associate works alongside the Senior Associate and regional Director, who own the portfolio and partner relationships. The role combines asset performance monitoring with analysis of capital stacks, joint venture agreements, and buyout structures. The Associate builds analysis supporting those discussions and may take direct ownership of assets over time. The position is based in Salt Lake City, with travel to properties and partner offices as needed.

The role includes maintaining investment business plans, models, and reforecasts; analyzing valuations, waterfalls, and hold-sell decisions; supporting capital events and financing transactions; monitoring leasing and property operations; and preparing asset, valuation, investment committee, fund cash forecasting, and investor reporting materials. The regional teams are small, making the work visible and providing a stated path toward running a region.

Requirements

• Three to five years of commercial real estate experience in investment management, asset management, acquisitions, or development.
• Multifamily experience; other asset types do not substitute for this core portfolio requirement.
• Advanced Excel and financial modeling skills, including comfort working in large, linked models built by others.
• Exposure to joint venture structures, including operating agreement mechanics, promote and waterfall calculations, and partner reporting.
• Exposure to commercial real estate financings and the closing process.
• Judgment to distinguish underwriting assumptions from actual asset performance.
• Accuracy across multiple concurrent workstreams and recurring deadlines without prompting.
• Clear written and verbal communication skills, including preparing materials for senior leadership.
• Bachelor's degree in real estate, finance, accounting, economics, or a related field.

Nice To Haves

• Asset management background; acquisitions experience can substitute.
• Experience preparing investment committee materials.
• Recent multifamily experience.
• Ground-up multifamily development and lease-up exposure.
• Experience working with multiple third-party property managers.
• Exposure to closed-end fund structures, capital calls, and distribution waterfalls.
• Mixed-use or ground-floor retail exposure.

Responsibilities

• Maintain business plans, models, and reforecasts for assigned investments, and keep current assessments of each asset.
• Build valuation and waterfall analyses to support crystallization, buyout, and disposition decisions.
• Run scenarios and sensitivities at the direction of the Senior Associate or regional Director, and summarize the results.
• Prepare hold-sell analysis and re-underwriting as assets progress through capital events.
• Evaluate crystallization and buyout notifications against joint venture agreements.
• Compile appraisals and brokers' opinions of value to support transactions.
• Prepare draft investment committee financing memoranda for review.
• Support lender due diligence, legal review, consents, and closing logistics.
• Track loan maturities, extension options, rate cap and hedge renewals, and covenant compliance.
• Track property performance and leasing velocity against underwriting, and flag deviations in absorption, pricing, or concessions.
• Participate in weekly property manager and partner calls.
• Review partner development draws and fee calculations, and prepare approval recommendations.
• Review monthly financials and budget-to-actual performance, and confirm lender reporting requirements are met.
• Support annual budgeting and variance analysis for assigned assets.
• Prepare quarterly asset status reports, including market research, actuals, and model roll-forwards.
• Build valuation and investment committee materials for review by the Senior Associate and regional Director.
• Provide asset-level inputs for fund cash forecasting, capital calls, distributions, and investor reporting.
• Travel to properties and partner offices as needed.

Benefits

• Medical, dental, and vision insurance options.
• Optional critical illness, accident, legal and identity theft, and pet insurance coverage.
• Company-paid life insurance, with the option to purchase additional coverage.
• Company-paid long-term disability coverage.
• Benefits concierge service and access to mental health and well-being resources.
• 401(k) plan with dollar-for-dollar company match up to 6% of pay; contributions are fully vested immediately, and eligible employees are automatically enrolled at a 4% contribution rate.
• Paid time off and 11 paid holidays annually.
• Paid parental leave for eligible employees, subject to service requirements.
• Tuition reimbursement of up to $5,000 per year for pre-approved education expenses.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level