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Berkshire Group, LLC — San Francisco, California
Company Overview Berkshire Residential Investments is a people-first real estate investment company who values not only the impact we make as a company, but the time we spend together in our high-performing teams. We value individual skills and perspectives to allow us to best serve our employees, investors, residents, and other stakeholders. If you’re interested in a workplace where everyone feels empowered to bring their full, authentic selves to work each day, come join our talented and growing team at Berkshire Residential Investments.
Our environment of entrepreneurial spirit, culture of expertise and our people-first approach will allow you to thrive while continuing to grow in your career. Position Summary The Associate, Equity Investments & Asset Management will assist and support the Senior level acquisition and asset management team members (SVP/VP/AVP) in the Western Region in overseeing, sourcing, underwriting, due diligence, and closing core, core plus, and value add multifamily property acquisitions, debt investments, and equity joint venture investments for development, with the primary goals of researching, analyzing and underwriting prospective investments to ensure outperformance against proforma and coordinating and processing due diligence in a timely and responsive manner. S.
Provide direction and leadership to analyst(s). This position will work collaboratively in a team environment with third parties and all facets of the Company including members of the Portfolio Management, Accounting, Property Management, Capital Markets, Financing, Valuation, Research and Legal teams.
Responsibilities
include, but are not limited to: Thoroughly and accurately underwrite potential multifamily investments Shop comparable properties to determine competitive amenities, rents and sales prices, maintain sales comp database Assist in conducting due diligence on properties targeted for acquisition Develop and apply quantitative models to deals under consideration Develop capital budgets reflecting cost of renovations, rehabilitations and upgrades to properties to drive economic value Analyze market dynamics and operating history of asset to determine reasonable and vetted underwriting assumptions Communicate with brokers, agents and principals to complete research and validate underwriting assumptions Compose written summaries and memorandums regarding potential acquisitions for Investment Committee and for external clients, if applicable Track and update pipeline status across geographic markets, and maintain critical timelines for transactions under review Consistently demonstrate use of tact and discretion Prepare the execution of Property Business Plans to optimize investment performance Participate in property-level decisions with the Portfolio Managers based on careful analysis and team input, including hold/sell, rent pricing, property budgets, and capital expenditures Develop, maintain, update and analyze comprehensive financial models, integrating both historical and current and proforma information; work closely with various levels of the organization to effectively identify and address business issues through models and presentations, and prepare for ad hock and regular meetings Perform asset level valuation reviews including property performance and capital deployment effectiveness Prepare financial models and property reporting packages Visit markets and properties to validate business plan assumptions, monitor property operations, and identify opportunities and issues to improve operations Stay informed on market information and work closely with Berkshire’s Research team to stay abreast of their viewpoint and recommended course of action for each market they cover Knowledge/Experience: 3+ years real es