Due Diligence Associate, Private Placements

Realized Holdings Inc•Austin, TX

About The Position

Realized Holdings, Inc. is an investment platform focused on tax-advantaged private placement real estate, including Delaware Statutory Trusts (DSTs), UPREITs, Qualified Opportunity Zone investments, and other fund structures. The Due Diligence Associate will lead reviews of new offerings and sponsors and help improve the systems and processes used to make diligence faster, more consistent, and easier to substantiate. The role works with Research, Product, and Technology teams and reports into senior leadership. The associate evaluates sponsors and assets across property types, strategies, and markets, and leads complex transactions and projects from initial review through a recommendation to management. The position also serves as a subject matter expert for Product and Development, represents Research on valuation and reporting projects, and supervises an offshore data-entry team while supporting junior analysts.

Requirements

Bachelor’s degree in Real Estate, Finance, Accounting, Economics, or a related field, or equivalent experience.
3 to 5+ years of experience in commercial real estate lending or credit, multi-property-type real estate investment management, or securities due diligence on alternative investments.
Exposure to multiple property types, investment strategies, and geographies, with the judgment to compare them rather than specialize in one market.
Strong financial modeling skills, including cash flow analysis, valuation, and complex debt and equity partnership structures.
Ability to critically review real estate and offering documents and identify issues others may miss.
Advanced Excel skills.
Clear written and verbal communication skills, including the ability to explain complex investments to audiences ranging from executives to individual investors.
Curiosity, integrity, and self-direction to manage multiple projects and solve problems independently.

Nice To Haves

Prior experience in a formal due diligence role on the lending, investment management, or securities side.
ARGUS experience.
Working knowledge of real estate taxation, including 1031 exchange mechanics.
Knowledge of REITs and other commercial real estate investment vehicles.
Experience in structured finance, securitization, or tax credits.
Experience working with software or data teams on workflow or tool development.
SQL skills.

Responsibilities

Lead due diligence on new offerings and sponsors, reviewing private placement memorandums, leases, operating statements, development budgets, equity and debt term sheets, and third-party reports.
Write executive summaries that identify issues and support a clear recommendation.
Evaluate sponsors’ track records, consistency of strategy, fee and alignment structures, financial condition, and operational capabilities.
Underwrite and model structured commercial real estate investments across property types and strategies, including cash flow, valuation, and complex debt and equity partnership structures; build models when existing ones are insufficient.
Identify diligence-process inefficiencies and work with the Technology team to move Excel-based models and manual workflows to software-based solutions.
Serve as the diligence subject matter expert for Product and Development on new products and features, including requirements, review, and testing.
Represent Research on valuation and reporting projects.
Use AI-assisted tools to accelerate document review and data extraction, verifying outputs against source documents.
Monitor the competitive landscape across real estate, alternative investments, and capital markets.
Lead complex transactions and projects from initial review through a recommendation to management.
Supervise the offshore data-entry team and serve as a resource to junior analysts.