Associate / Senior Associate - Real Estate Investments
About The Position
StepStone is a global private markets specialist delivering tailored investment solutions, advisory services, and impactful, data-driven insights to investors worldwide. The Real Estate Private Equity Associate / Sr. Associate will be part of the Real Estate Investment Team, assisting in the identification, evaluation, due diligence, and execution of real estate investments across geographies and asset classes. This role involves working in a team to source, underwrite, and diligence new investment opportunities, negotiate acquisition terms, manage existing assets, and conduct asset dispositions. The Associate/Sr. Associate will have the opportunity to present recommendations to the Real Estate Investment Committee. StepStone fosters a collegial atmosphere with a collaborative approach to projects and offers exposure to all levels of the Firm.
Requirements
- 4+ years of experience in real estate private equity/credit, investment banking, or related real estate finance field
- BA/BS in Business, Finance, Economics, Accounting, Real Estate, or related field
- Extensive experience in real estate acquisitions, including a proven track record of successfully identifying and closing investment opportunities
- Takes pride of ownership in work, and work ethic
- Ability to represent the Firm credibly in written and interpersonal communications
- Demonstrable analytical capabilities, including strong quantitative/modeling skills
- High proficiency in Word, PowerPoint, and Excel
- Developing investment judgment and general understanding of risk/reward trade-offs
- Flexibility to work within StepStone’s dynamic and entrepreneurial organization
- Based in Chicago, with availability to travel, primarily domestically
- Highly analytical with exceptional problem-solving skills
- Promote and demonstrate a positive, team-oriented attitude
- Candidates must be at least 18 years old to apply.
Nice To Haves
- ARGUS experience optional but preferred
Responsibilities
- Identify, source, and evaluate high-potential acquisition opportunities across various real estate asset classes (residential, commercial, industrial, mixed-use, etc.), geographies, and risk-spectrums
- Participate and lead in the underwriting and due diligence process for potential acquisitions, including financial analysis, structuring, market research, site visits, and document review
- Perform financial modeling and sensitivity analysis related to investment opportunities
- Prepare for and participate in meetings with managers and investors and conduct on-going due diligence
- Form an independent opinion about the attractiveness of a sector or investment opportunity
- Construct an argument around an opinion and efficiently communicate that argument both verbally and in written materials; be able to defend position in a team environment, including Investment Committee meetings
- Draft investment memorandums and presentations related to acquisition opportunities
- Assist with asset management duties, including financial analysis and investor reporting for existing investments
- Support the fundraising process, including creating fundraising presentation materials and coordinating historical fund- and asset-level performance analysis
- Develop and maintain a network of key relationships, including brokers, developers, institutional investors, and financial partners
- Bring investments through the investment committee process, presenting acquisition opportunities and providing insights and recommendations
Benefits
- Employment Resource Groups
- mentorship programs
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
