Investment Manager

Employer
Enterprise Community Investment, Inc.
Location
Columbia, MD
Posted
Oct 13, 2017
Closes
Oct 16, 2017
Function
Management
Hours
Full Time
Job Summary Enterprise is searching for an Investment Manager to join its Conventional Equity team. The Conventional Equity team manages real estate private equity funds, through which Enterprise joint ventures with real estate operators to acquire, improve and create value in affordable, workforce and market rate multifamily real estate. Candidate must have a multifamily real estate background, general knowledge of joint-venture and private equity, and possess strong financial, analytical, and writing skills. The Investment Manager will be responsible for underwriting and closing joint venture investments, as well as transitioning investments into asset management. We are seeking a talented, motivated and experienced individual who possesses leadership potential. The ideal candidate will prosper in a fast-paced, entrepreneurial atmosphere.We have 1 position open which can be located in Columbia, MD; Portland, OR; or New York, NY (Financial District). Job Responsibilities * Underwrite multifamily acquisitions financed with real estate private equity assigned by the Vice President and Director,including the following underwriting tasks: assessing the key risks, strengths and weaknesses of a transaction; analyzing and reconciling rent rolls,operating statements and other deal information in Microsoft Excel models;research market and demographic information; research and analyze operating expenses, including real estate tax methodology and estimates; analyze joint venture partners' experience and financial strength; sources and uses and capital structure analysis; and economic investment return analysis. * As part of processing and closing each transaction, obtain and organize due diligence materials from client, conduct site visits as needed, review project loan documents and joint-venture partnership agreements for material business terms, lead conference calls with the partners, coordinate the closing process with groups internal to Enterprise and with external groups (developer partners, attorneys, etc). * Prepare and present investment summaries for Investment Committee approval, including narrative descriptions, charts, graphs and tables illustrating pertinent aspects of the proposed investment. The Investment Manager may also assist in preparing preliminary deal screening summaries to support deal origination activity. * Under the direction of the Vice President and Director, communicate and manage partner expectations throughout the underwriting process, using a positive and proactive approach that will enable repeat origination opportunities. * Provide regular communication to Vice President and Director regarding deal underwriting progress including process checklist review, due diligence review, transaction timing, and issue identification. * Establish good working relationships with real estate operators who acquire affordable housing and market rate multifamily properties. Qualifications * BS/BA in Business, Finance, Real Estate, Urban Planning or related field; preferably with some experience of real estate underwriting. Master's Degree a plus. * 3 - 5+ years direct experience in multifamily real estate investment, preferably including the affordable and workforce housing asset class. * Knowledge of apartment market dynamics in both urban and suburban areas, and familiarity with multifamily and affordable housing industry policies, issues and programs preferred. * Extensive Microsoft Excel modeling skills required. * Strong writing and editing skills needed to produce correspondence and reports. * Demonstrated verbal communication and interpersonal skills to represent Enterprise to all parties, as well as to work as an effective, collaborative team member. * Demonstrated professionalism, diplomacy and composure, and is flexible and able to adapt to a variety of situations. * Ability to maintain big picture focus while attending to detailed work. * Demonstrated ability to work productively and accurately in a fast-paced environment with multiple projects and stringent deadlines. * Must be highly motivated, can work independently, solve problems and possess strong communication skills. * Strong organizational skills and ability to prioritize conflicting demands and meet deadlines. * Must be able to speak and write English fluently. * Must have a record of high integrity and strong ethics. * Ability to work evening and weekend hours during peak periods. Additional Info. * Ability to work under stress/pressure. * Ability to travel for flights up to 6 hours,or in automobile, or train. * Ability to climb stairs offsite at projectsites. * When visiting project sites, incumbent may beexposed to varying environmental conditions (eg outdoor weather, dirt, dust,and other construction work site hazards). * Valid driver's license required.