Real Estate Equity - Associate

Position/Title: Associate, Real Estate Equity

Pretium

Pretium is a specialized investment firm focused on U.S. residential real estate, residential credit, and corporate credit. Pretium was founded in 2012 to capitalize on investment and lending opportunities arising as a result of structural changes, disruptions, and inefficiencies within the economy. Pretium has built an integrated analytical and operational ecosystem within the U.S. housing, residential credit, and corporate credit markets, and believes that its insight and experience within these markets create a strategic advantage over other investment managers. Pretium’s platform has more than $57 billion of assets, comprising real estate investments across nearly 90 markets in the U.S., and employs approximately 7,000 people across 50 offices, including its New York headquarters, Miami, London, Seoul, and Sydney.

Position

We are seeking an experienced Associate to join the Real Estate team to work across the different verticals within Real Estate. This position is based in Pretium’s New York City office.

Key Responsibilities

• Participate in all aspects of screening and executing potential investments, including financial modeling, due diligence, legal negotiations, and capital raising.
  • Build robust financial models, at both the real estate asset and corporate level, to evaluate and support a wide range of transactions, structures, and scenarios.
  • Prepare and present recommendations for potential investments.
• Assist in the asset management and portfolio management of existing investments, funds and vehicles.
  • Play a pivotal approval role in monitoring and implementing the investment strategies for the portfolio by coordinating work with Progress Residential and BH Managements Acquisitions, Asset Management and Property Management teams, which execute all operational activity on behalf of the portfolio.
  • Work with internal operating teams and industry consultants.
• Take ownership and make recommendations supported by quantitative and qualitative research.
• Support senior members of the Real Estate team on new initiatives and potential new ventures.
  • Prepare ad hoc analyses to support strategic initiatives.
• Partner with the Quantitative Strategies team to develop robust portfolio models and various KPT tracking tools to achieve goals and objectives of the various real estate funds and vehicles.
• Evaluate and prioritize strategic investments / M&A, by:
  • Conducting extensive market research to identify new investment opportunities.
  • Maintaining regular dialogue with target companies’ management teams and advisors.
  • Support full life cycle of transactions, including sourcing, valuation, due diligence, execution, integration, expansion, and growth.
• Prepare presentations and marketing materials for internal and external stakeholders, including senior leadership, investment committees, institutional capital providers, and investment partners.
• Keep apprised of the real estate market, specifically single-family and multifamily residential real estate market, and analyze market data to prepare detailed reports for senior management.

Requirements

• Minimum of an undergraduate degree.
• 2+ years of experience working in real estate investment banking, private equity, or investment management.
• Strong Excel, financial modeling, quantitative, and presentation creation skills
• Transaction experience
• Experience conducting research and drafting and delivering presentations.
• Exceptional written & oral communication skills.
• Desire to pursue a real estate-oriented career path, with specific focus in Real Estate platform investments, both stabilized and distressed, and both public and private.
• Highly proactive, entrepreneurial, positive attitude, ability to learn quickly, strong work ethic, attention to detail, enthusiasm for investing capital, reliable, and ability to work both independently and as part of a fast-growing team.
• Robust interest in long-term value creation and continued management of investments.

What We Offer

This position offers the opportunity to join a collegial, entrepreneurial firm committed to the personal and professional growth of its team members and to maintaining a positive, encouraging work environment where people enjoy working together. The company offers a comprehensive benefits and perks package, including:

• Employer-paid health, dental, vision and life insurance
• 401(k) plan with an employer match
• 20 annual days of Paid Time Off (PTO)
• 12 firm holidays
• Hybrid office/work from home arrangement (in office minimum of four days)
• Annual base salary range for this role is expected to be around $150,000. The actual salary will depend on various factors, including but not limited to a candidate’s experience and credentials, salary expectations of applicable candidates, and other applicable market conditions.
• Annual year-end bonus eligible

Pretium is committed to creating a diverse environment and is proud to be an equal opportunity employer. All qualified applicants will receive consideration for employment regardless of race, color, religion, gender, gender identity or expression, genetic information, marital status, sexual orientation, national origin, disability, age, veteran status, or any other characteristic protected by federal, state, or local law.

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