Real Estate Equity - Associate

Pretium•New York, NY

4h•$150,000•Hybrid

About The Position

Pretium is a specialized investment firm focused on U.S. residential real estate, residential credit, and corporate credit. Pretium was founded in 2012 to capitalize on investment and lending opportunities arising as a result of structural changes, disruptions, and inefficiencies within the economy. Pretium has built an integrated analytical and operational ecosystem within the U.S. housing, residential credit, and corporate credit markets, and believes that its insight and experience within these markets create a strategic advantage over other investment managers. Pretium’s platform has more than $57 billion of assets, comprising real estate investments across nearly 90 markets in the U.S., and employs approximately 7,000 people across 50 offices, including its New York headquarters, Miami, London, Seoul, and Sydney. We are seeking an experienced Associate to join the Real Estate team to work across the different verticals within Real Estate. This position is based in Pretium’s New York City office.

Requirements

Minimum of an undergraduate degree.
2+ years of experience working in real estate investment banking, private equity, or investment management.
Strong Excel, financial modeling, quantitative, and presentation creation skills
Transaction experience
Experience conducting research and drafting and delivering presentations.
Exceptional written & oral communication skills.
Desire to pursue a real estate-oriented career path, with specific focus in Real Estate platform investments, both stabilized and distressed, and both public and private.
Highly proactive, entrepreneurial, positive attitude, ability to learn quickly, strong work ethic, attention to detail, enthusiasm for investing capital, reliable, and ability to work both independently and as part of a fast-growing team.
Robust interest in long-term value creation and continued management of investments.

Responsibilities

Participate in all aspects of screening and executing potential investments, including financial modeling, due diligence, legal negotiations, and capital raising.
Build robust financial models, at both the real estate asset and corporate level, to evaluate and support a wide range of transactions, structures, and scenarios.
Prepare and present recommendations for potential investments.
Assist in the asset management and portfolio management of existing investments, funds and vehicles.
Play a pivotal approval role in monitoring and implementing the investment strategies for the portfolio by coordinating work with Progress Residential and BH Managements Acquisitions, Asset Management and Property Management teams, which execute all operational activity on behalf of the portfolio.
Work with internal operating teams and industry consultants.
Take ownership and make recommendations supported by quantitative and qualitative research.
Support senior members of the Real Estate team on new initiatives and potential new ventures.
Prepare ad hoc analyses to support strategic initiatives.
Partner with the Quantitative Strategies team to develop robust portfolio models and various KPT tracking tools to achieve goals and objectives of the various real estate funds and vehicles.
Evaluate and prioritize strategic investments / M&A, by: Conducting extensive market research to identify new investment opportunities. Maintaining regular dialogue with target companies’ management teams and advisors.
Support full life cycle of transactions, including sourcing, valuation, due diligence, execution, integration, expansion, and growth.
Prepare presentations and marketing materials for internal and external stakeholders, including senior leadership, investment committees, institutional capital providers, and investment partners.
Keep apprised of the real estate market, specifically single-family and multifamily residential real estate market, and analyze market data to prepare detailed reports for senior management.