Mill Creek Residentia
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Real Estate Investment Associate page is loaded
Real Estate Investment Associate
Apply locations Dallas, TX time type Full time posted on Posted 30+ Days Ago job requisition id R6862
At Mill Creek Residential we are committed to building a diverse, equitable and inclusive workplace where our associates can grow and bring their whole selves to work. This starts with our recruiting and hiring process.
We want you to know that we encourage you to apply if this job excites you, even if you dont meet 100% of the requirements. You may just be the right candidate for this role, or another role and make your mark at Mill Creek.
Mill Creek Residential (MCR) is seeking a candidate for the Real Estate Investment Associate position to be located in our Dallas office. This position will report to the Director of Real Estate Finance and will be responsible for a variety of activities including but not limited to: financial modeling; project underwriting and analysis; market research; and legal document review and interpretation. This position will have regular interaction with Mill Creeks Joint Venture Finance, Development, Acquisitions, Portfolio Management, and Asset Management teams including responding to financial model guidance requests, providing analysis on existing and proposed investment opportunities, communicating recommendations and sensitivities, ensuring underwriting consistency and synchronization, and delivering standardized templates and materials. A proactive and adaptive attitude is required for this highly visible role. Essential Functions Manage, provide guidance for, and modify the standardized MCR investment modeling templates
Support the Development and Acquisition teams with underwriting practices and unique underwriting techniques for specific projects
Provide investment modeling support throughout entire life cycle of project
Support the Portfolio Management team with fund-specific pro forma modifications and analyses
Review and evaluate investor and lender term sheets and implement venture parameters within project proformas
Prepare and review sensitivity analyses based on rent growth, cap rate trending, delivery delays, and interest rates
Create, modify, and analyze supporting project underwriting analyses and models
Review deal memos and ensure pro forma models accurately reflect the deal memo highlights
Understand, create, and update joint venture waterfall structures/return projections
Collect data, prepare, and communicate the market research dashboard
Coordinate with development teams to complete and communicate the standardized investment balanced scorecards to the Investment Committee for each development while managing updates to the scorecard template
Special projects and all other duties as assigned
Required Experience and Minimum Qualifications Minimum of 3-5 years of experience in real estate finance, investment analysis, or a related field, in a multifamily development and/or acquisition business model.
Bachelors degree in mathematics, finance, accounting, real estate or similar degree preferred Advanced proficiency in Microsoft Excel; including modeling skills such as VBA/Macro coding
VBA/Macro coding skills
Experience with the use of Vena Solutions preferred
Understanding of and ability to analyze pro forma models and JV waterfall structures
Ability to learn and navigate various software applications
Multifamily real estate experience
Strong written and oral communication skills
Ability to lead projects and coordinate multiple teams to complete assignments
Certifications (Optional but preferred): CFAChartered Financial Analyst (or aspiring candidate)
Other relevant corporate finance and/or real estate professional certifications (e.g., CFI-FMVA, REFM).
Mill Creek is an Equal Opportunity Employer Are you ready to contribute to the success of Mill Creek Residential? If so, apply today and become part of an organization that believes in uncompromising integrity, celebrating successes, continuous improvement, and working hard, smart and together!
About Us
People. Places. Relationships. Our tagline begins with themost important partof Mill Creek, our people. As a multifamily company focused onconstruction,development, acquisition, and operationsofrentalcommunities inthe most desirablemarkets coast-to-coast, we are also committed to ensuring a diverse, equitable and inclusive environment for our resident customer and our associates. We have implemented processes to support DE&I practices throughout the associate lifecycle from recruiting and hiring to ongoing training programs for career advancement. Our growth since our founding in 2011 is nothing short of remarkable a direct reflection of our teams contributions. We are committed to listening to our associates and focusing on continuous improvement.
For more information about our DE&I initiatives, please click here to review our inaugural Environmental, Social, Governance (ESG) Report. #J-18808-Ljbffr
Apply locations Dallas, TX time type Full time posted on Posted 30+ Days Ago job requisition id R6862
At Mill Creek Residential we are committed to building a diverse, equitable and inclusive workplace where our associates can grow and bring their whole selves to work. This starts with our recruiting and hiring process.
We want you to know that we encourage you to apply if this job excites you, even if you dont meet 100% of the requirements. You may just be the right candidate for this role, or another role and make your mark at Mill Creek.
Mill Creek Residential (MCR) is seeking a candidate for the Real Estate Investment Associate position to be located in our Dallas office. This position will report to the Director of Real Estate Finance and will be responsible for a variety of activities including but not limited to: financial modeling; project underwriting and analysis; market research; and legal document review and interpretation. This position will have regular interaction with Mill Creeks Joint Venture Finance, Development, Acquisitions, Portfolio Management, and Asset Management teams including responding to financial model guidance requests, providing analysis on existing and proposed investment opportunities, communicating recommendations and sensitivities, ensuring underwriting consistency and synchronization, and delivering standardized templates and materials. A proactive and adaptive attitude is required for this highly visible role. Essential Functions Manage, provide guidance for, and modify the standardized MCR investment modeling templates
Support the Development and Acquisition teams with underwriting practices and unique underwriting techniques for specific projects
Provide investment modeling support throughout entire life cycle of project
Support the Portfolio Management team with fund-specific pro forma modifications and analyses
Review and evaluate investor and lender term sheets and implement venture parameters within project proformas
Prepare and review sensitivity analyses based on rent growth, cap rate trending, delivery delays, and interest rates
Create, modify, and analyze supporting project underwriting analyses and models
Review deal memos and ensure pro forma models accurately reflect the deal memo highlights
Understand, create, and update joint venture waterfall structures/return projections
Collect data, prepare, and communicate the market research dashboard
Coordinate with development teams to complete and communicate the standardized investment balanced scorecards to the Investment Committee for each development while managing updates to the scorecard template
Special projects and all other duties as assigned
Required Experience and Minimum Qualifications Minimum of 3-5 years of experience in real estate finance, investment analysis, or a related field, in a multifamily development and/or acquisition business model.
Bachelors degree in mathematics, finance, accounting, real estate or similar degree preferred Advanced proficiency in Microsoft Excel; including modeling skills such as VBA/Macro coding
VBA/Macro coding skills
Experience with the use of Vena Solutions preferred
Understanding of and ability to analyze pro forma models and JV waterfall structures
Ability to learn and navigate various software applications
Multifamily real estate experience
Strong written and oral communication skills
Ability to lead projects and coordinate multiple teams to complete assignments
Certifications (Optional but preferred): CFAChartered Financial Analyst (or aspiring candidate)
Other relevant corporate finance and/or real estate professional certifications (e.g., CFI-FMVA, REFM).
Mill Creek is an Equal Opportunity Employer Are you ready to contribute to the success of Mill Creek Residential? If so, apply today and become part of an organization that believes in uncompromising integrity, celebrating successes, continuous improvement, and working hard, smart and together!
About Us
People. Places. Relationships. Our tagline begins with themost important partof Mill Creek, our people. As a multifamily company focused onconstruction,development, acquisition, and operationsofrentalcommunities inthe most desirablemarkets coast-to-coast, we are also committed to ensuring a diverse, equitable and inclusive environment for our resident customer and our associates. We have implemented processes to support DE&I practices throughout the associate lifecycle from recruiting and hiring to ongoing training programs for career advancement. Our growth since our founding in 2011 is nothing short of remarkable a direct reflection of our teams contributions. We are committed to listening to our associates and focusing on continuous improvement.
For more information about our DE&I initiatives, please click here to review our inaugural Environmental, Social, Governance (ESG) Report. #J-18808-Ljbffr