Acquisitions and Portfolio Management - Associate

at  StockBridge

ASSOCIATE, ACQUISITIONS AND PORTFOLIO MANAGEMENT

San Francisco, CA
Stockbridge is a real estate investment management firm led by seasoned senior professionals averaging 25+ years of real estate industry experience. The firm was founded in 2003 and manages real estate equity investments across the risk spectrum within a variety of investment structures on behalf of U.S. and foreign institutional investors. Stockbridge has approximately $33 billion of assets under management spanning all major real estate property types, and certain specialty property types with an emphasis on residential and industrial space throughout the United States. The firm has offices in San Francisco, Atlanta, Chicago, Denver and Dallas.

OPPORTUNITY AND POSITION SUMMARY:

Stockbridge is seeking an Associate to join an exciting team focused on scaling and managing a portfolio of single-family build-to-rent (“BTR”) communities throughout the United States. The platform currently has over $1.2 billion of communities owned with additional gross purchasing power to further scale over time.
The Associate will evaluate new investment opportunities within the existing single-family rental platform, while also reviewing new single-family rental strategies across a range of capital structures. The Associate will work directly with Stockbridge’s senior leadership and operating partner to strategically scale the platform and execute the business plan. The Associate will report directly to the Portfolio Manager and will work closely with dedicated members of the platform. This is both a qualitative and quantitative position, strong math and written skills are necessary.

SKILLS AND COMPETENCIES:

• All candidates must have a BA or BS degree from an accredited institution, with preferred degrees in real estate, finance, business, accounting, economics or related area. Must have strong academic credentials
• 3 – 5 years of real estate finance experience and strong experience with financial modeling
• Proven analytical skills and working knowledge of Microsoft Office Suite
• Effective writing skills and ability to synthesize information, as well as verbal interpersonal/communication skills
• Strong organizational skills, with the ability to prioritize and manage multiple projects simultaneously

• Prepare and update financial models in Excel for new or existing assets and developments, including sensitivity analyses, various leverage structures and joint venture structuring
• Work with team members in the analysis, documentation and execution of various capital transactions, including acquisitions, partnerships, financings, development programs and ultimate exit opportunities
• Prepare and review operating budgets and quarterly valuations
• Prepare internal and external presentations and memos regarding existing investments and proposed new investment vehicles
• Analyze market research to evaluate portfolio composition and long-term strategic vision for investment vehicles
• Interface with internal and external parties, such as operating partners, investors, sales brokers, lenders, accounting teams, legal counsel and other market contacts as needed
• Consider Sustainability matters in connection with transaction analysis and portfolio oversight