Analyst, Multifamily Asset Management

Analyst, Multifamily Asset Management

Atlanta, GA

Stockbridge is an established and growing real estate investment firm with over $30 billion in AUM (which has doubled over the past 3 years) across a wide range of investment strategies and asset types across the U.S with offices in San Francisco, Atlanta, and Chicago.

This role is part of the Core and Value-Add (“CVA”) platform, which includes both funds and separate accounts with asset strategies ranging from core to value-add to ground-up development. This role will work on a collaborative team directly supporting Vice President(s) covering Southeastern markets and will work closely with the Asset and Portfolio Management Teams and occasionally with the Acquisition Team. There is a lot of room for growth and development for the right candidate! This is both a qualitative and quantitative position, strong math and written skills are necessary. This role focuses exclusively on multifamily assets.

Primary Duties and Responsibilities:

• Prepare and update financial models in Excel and/or Argus for existing assets and portfolios including (1) analysis of leasing, financing, budgeting, joint venture and hold/sell decisions and (2) internal rate of returns, time-weighted returns, sensitivity tables, property valuations, cash-on-cash returns and various other return metrics.
• Assist in preparation and review of asset-level annual budgets and portfolio-level annual strategic business plans for clients.
• Prepare preliminary internal asset valuations, using a discounted cash flow and/or direct capitalization approach, for Investment Committee review and participate in internal quarterly valuation meetings.
• Coordinate asset appraisal process, review quarterly appraisals for accuracy and provide feedback to appraiser.
• Prepare quarterly reports including review and understanding of rent rolls, returns, operating statements, legal matters and capital expenditures.
• Review and analyze quarterly operating performance of owned assets.
• Interface with sales brokers, property managers, portfolio analysts, lenders, operations/accounting teams, legal counsel, clients and other market contacts to obtain information pertinent to existing assets as well as pursuit and disposition efforts.
• Assist in the development and execution of asset-level marketing and leasing strategies to optimize rent and NOI growth.
• Assist in disposition process, including preparation of return metrics and sales rational for Investment Committee review, interfacing with sales brokers and legal counsel, and coordinating closing and post-closing efforts.
• Work with the Accounting Team to ensure that operating results and other reporting requirements are completed accurately and on time by operating partners.

Skills and Competencies:

• All candidates must have a BA or BS degree from an accredited institution, preferably in real estate, finance, business, accounting, economics or related area. Must have strong academic credentials.
• Candidates should have one to three years of real estate industry experience, preferably at least one year working specifically on multifamily assets.
• Computer proficiency with a working knowledge of Microsoft Excel, PowerPoint, Word, and preferably Argus.
• Experience with financial modeling with an understanding of basic finance concepts such as NOI returns, cash flow returns, internal rate of return, time-weighted returns and present value/discounted cash flows.
• Strong writing skills as well as verbal interpersonal/communication skills.
• Organizational skills and attention to detail, with the ability to prioritize and manage multiple projects simultaneously.
• Ability to function both in a team-oriented setting and independently.
• Strong sense of personal motivation, responsibility, and entrepreneurship.