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Real Estate Investments Associate

Yieldstreet

Yieldstreet

New York, NY, USA
Posted on Thursday, May 30, 2024

Associate, Real Estate Investments

Cadre is a real estate investment manager that has built a $4bn+ portfolio across property types, markets, and risk profiles. Founded nearly a decade ago, Cadre seeks to generate compelling risk-adjusted returns for its investors, which include endowments, foundations, wealth managers, sovereign wealth funds, family offices, and high net worth individuals. We invest in the underserved middle-market, where we believe our differentiated sourcing, robust diligence and structuring, and active asset management approach can take advantage of capital markets and operational inefficiencies and outperform the market.

We are seeking an Asset Management Associate for the Investments Team who will be responsible for supporting asset management activities related to Cadre’s growing portfolio. You will focus on executing asset-specific business plans and optimizing value across the hold period of each asset in our portfolio, which may include implementing and re-evaluating value-add business plans, revenue management, optimizing capitalization structures, operational efficiencies, and evaluating hold vs sale of assets. In addition, you will have the opportunity to collaborate across the firm to help shape business, investment, and product strategy. The ideal candidate for this role has a strong command of real estate fundamentals with exceptional financial modeling abilities and an entrepreneurial mindset.

WHAT YOU’LL DO

  • Responsible for supporting strategic asset management of a portfolio of real estate assets located throughout the U.S.
  • Support development and implementation of each investment’s business plan including capital expenditure programs, operational improvements, and hold/refinance/sell recommendations.
  • Perform detailed cashflow modeling and financial analysis, and prepare asset management reports
  • Engage regularly with operating partners to review asset performance and adherence to business plan, along with brokers, lenders, property managers and consultants for market research and updates, leasing trends, costs, and business plan execution.
  • Actively review monthly operating reports to help identify and track operating performance trends, operating budget variances, and significant changes in the assets and their respective markets.
  • Support the quarterly asset review process, which includes the preparation and updating of valuation models
  • Prepare presentations and memoranda for the Investment Committee
  • Monitor and track compliance of all guidelines in the loan documents, joint venture agreements, and other relevant agreements.
  • Generate asset management reports for internal and external use.
  • Collaborate closely with acquisitions, finance, and investor relations teams on all aspects of the portfolio.

WHAT YOU HAVE

  • 3-5 years of experience in real estate acquisitions, real estate investment sales for a top commercial brokerage firm, investment banking, asset management, or similar roles
  • Exceptional Excel modeling skills
  • Command of real estate specific financial statements (P&L, balance sheet, rent roll, etc.)
  • Knowledge of Argus software is a plus
  • Comprehension of real estate fundamentals and terminology
  • High energy individual with an ability to work efficiently with little supervision
  • A heightened attention to detail – must be meticulous and consistently accurate
  • Excellent communication and interpersonal skills
  • Highly motivated and a self-starter
  • Ability to take risks and accept failure

About Yieldstreet

Yieldstreet is the leading private market investment platform. We believe that private market alternatives should be a fundamental part of your portfolio. That’s why we’re unlocking access to make it easier than ever to get started. We partner with top-tier investment managers to provide investors with a wide range of opportunities across real estate, venture capital, private equity, art, short term notes and more. All of our offerings are curated and vetted by our team to help investors diversify away from the stock market with confidence.

Why Yieldstreet?

Join a team of diverse, smart, and friendly people from 8 different countries who speak a total of 17 different languages who are on a mission to make alternative investments a fundamental part of the modern portfolio. Our team is comprised of successful entrepreneurs with combined exits of over $1B. We get social with each other during happy hours, exercise classes and team off sites! We are a hybrid work company giving you the opportunity to connect with your peers in real time with the flexibility to work remotely a few days per week.

What’s in it for you:
Competitive compensation packages including equity
Health, dental & vision coverage with FSA/HSA options
Unlimited PTO
401k Match
Learning and Development stipend
Wellness credit
Paid lunch once a week
Commuter benefit
Life insurance
Sabbatical
Summer Fridays

Compensation:

  • HIRING SALARY RANGE: $95,000+ (Actual salary to be determined by the education, experience, knowledge, skills, and abilities of the applicant, internal equity, and alignment with market data.) Compensation package also includes generous, bonus, benefits and equity.