Pennybacker II, LP; Pennybacker III, LP;
Pennybacker V, LP; Pennybacker EIV, LP;
Pennybacker Credit I, LP;
Pennybacker Real Estate Credit II, LP:
Pennybacker Evergreen Partners, LP:
Pennybacker Critical Infrastructure Partners I, LP;
PCIP I CI Coinvest, LP;
Associate / Senior Associate, Real Estate
Pennybacker is seeking a highly motivated, intellectually curious, and collaborative individual to join our Real Estate team as an Associate or Senior Associate in our Denver, CO office. The candidate will play a key role across the full lifecycle of our investment process, from identifying, evaluating, and closing new investment opportunities (Investments) to executing and adapting business plans on portfolio investments (Portfolio Optimization).
The ideal candidate will have a firm understanding of real estate investments, possess strong analytical skills, and have a passion for identifying and solving complex challenges, with a strong drive for continuous improvement and innovation. This role offers the opportunity to work closely with senior investment leaders and contribute to the growth and success of our Real Estate investment strategies.
Key Responsibilities
- Partner with senior team members to identify, structure, and originate new equity and credit investments
- Assist in the development of investment strategies as it pertains to key business plan initiatives to maximize returns and mitigate risks
- Lead investment-level business plan execution
- Prepare and effectively present investment memos and supporting analysis for internal and external stakeholders and be able to respond to question in a clear and concise manner
- Conduct comprehensive financial analysis and modeling, market analysis, and property valuations to assess the impact of business plan decisions (leasing, capex, refinances, sale, etc.) on investment-level return projections to support investment decisions
- Evaluate and assist in the execution of transactions, including due diligence processes for investment closings, partnership structuring, loan closings / refinances, and sale transactions
- Analyze financial and operational performance utilizing Pennybacker αTM and manage ongoing budget review and approval process for assigned portfolio investments
- Responsible for reporting and compliance with loan documents
- Support the Real Estate team in various ad hoc projects as needed
- Estimated travel 20-40%
Qualifications
- Experience: 4+ years’ experience in real estate investment management
- Technical: Highly proficient in financial modeling and analysis (including the use of Microsoft Excel and Argus)
- Research: Relevant experience or strong familiarity with research tools (including Costar, RCA, Greenstreet, etc.) and project management / data analysis tools
- Teamwork: Contributes to building a positive team environment
- Initiative: Identifies what needs to be done and acts before the situation requires it
- Problem-solving: Thinks creatively and identifies innovative solutions to existing processes and methods
- Resiliency: Ability to adapt and thrive in the face of challenges while maintaining a positive mindset and composure under pressure
- Communications: Excellent communication and interpersonal skills, with a demonstrated ability to collaborate effectively with diverse stakeholders
- Adaptable: Welcomes change and seeks out disruptive innovations to improve processes and overall business
Application Details
To be considered for this position, please take the following steps:
- Email your resume to DEN.Careers@pennybackercap.com
- Take the behavioral assessment
Pennybacker II, LP; Pennybacker III, LP;
Pennybacker V, LP; Pennybacker EIV, LP;
Pennybacker Credit I, LP;
Pennybacker Real Estate Credit II, LP:
Pennybacker Evergreen Partners, LP:
Pennybacker Critical Infrastructure Partners I, LP;
PCIP I CI Coinvest, LP;