Associate - Investment Management

Bridge Investment Group • Sandy, UT

12d

About The Position

Bridge Development Fund Manager is seeking an Associate to join a regional investment team and support multifamily investments through 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 will work alongside the Senior Associate and regional Director responsible for the portfolio and partner relationships.

The role combines asset management—tracking investment performance—with sponsor-facing work involving capital stacks, joint venture agreements, and buyout structures. The Associate will build the analysis supporting these discussions and may take direct ownership of assets over time. Regional teams are small, making the work visible and offering a path toward running a region. The position is based in Salt Lake City, with travel to properties and partner offices as needed.

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 experience.
• Advanced Excel and financial modeling skills, including comfort working inside 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 between underwriting assumptions and actual asset performance.
• Accuracy across multiple concurrent workstreams and recurring deadlines, without prompting.
• Clear written and verbal communication, including preparation of 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 the business plan, model, and reforecast for assigned investments, and maintain a current view of each asset’s status.
• Build valuation and waterfall analyses supporting 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 analyses and re-underwriting as assets move through their capital event cycle.
• Support evaluation of crystallization and buyout notifications against joint venture agreements.
• Compile appraisals and brokers’ opinions of value supporting 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 recommendations for approval.
• 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

• Comprehensive insurance options, including medical, dental, and vision.
• 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. Eligible employees are automatically enrolled at a 4% contribution rate, subject to age and service eligibility requirements.
• Paid time off and 11 paid holidays annually.
• Paid parental leave for eligible employees, with leave amounts dependent on caregiver status and length of service.
• Tuition reimbursement of up to $5,000 per year for pre-approved education expenses.

What This Job Offers

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