Analyst, Acquisitions and Development

Location: New York

Carmel Partners, one of the nation’s leading specialists in real estate investment management, with expertise in the investment, development and construction of multifamily real estate, is seeking an Analyst, Acquisitions and Development, in our New York Office. The Analyst, Acquisitions & Development, supports the evaluation and execution of acquisition, development, disposition, and debt opportunities across New York, Washington, Washington, D.C., and Boston.

The Analyst will analyze and underwrite potential investments and assist in coordinating all phases of development projects, from initial valuation and due diligence through financing, entitlement, construction, business plan execution, and disposition. The role provides broad exposure to the multifamily business, as well as cross-functional transaction and project oversight.

A place for you Here at Carmel, we don’t just invest in real estate; we invest in careers. If you don’t meet all of the qualifications listed for this role, we encourage you to monitor our career page for upcoming opportunities. Research shows that women and individuals from underrepresented groups often hesitate to apply for roles unless they meet every qualification.

We’re committed to assembling diverse teams with exceptional talent, and we strongly encourage individuals from a wide range of backgrounds to apply. Everyone’s career journey is unique, so let’s explore how you could be a great fit for our team!

What you’ll do Analyze potential acquisition, development, and debt opportunities, including:
Determine preliminary income and expense projections and evaluate in-place and market rents   Assess economic, demographic, and real estate market data   Analyze and track sales comparables and pipeline activity   Prepare and ensure the accuracy of valuation models and pro formas   Perform financial feasibility, sensitivity, and risk/reward analyses

Prepare market analyses and reports, including rent and operating expense analysis, land and existing sale comparables, pipeline activity, and economic and employment indicators

Actively participate in evaluating and closing real estate transactions, including acquisitions and dispositions, and organize and track due diligence documentation for land development acquisitions

Prepare preliminary financial packages and memoranda for the Investment Committee and assist with construction financing commitments

Maintain and regularly update pro formas throughout the investment lifecycle, from initial valuation and due diligence through business plan execution and disposition

Prepare cash flow projections and business plans to evaluate investment alternatives and exit strategies

Coordinate and assist in securing entitlements by identifying regulatory requirements, preparing entitlement applications, and supporting community outreach efforts

Maintain and track project schedules, milestones, timelines, development team meetings, action items, and project status and variance reporting

Coordinate with other Carmel departments, including Construction, Finance, Asset Management, and Legal, as well as third-party advisors, to support successful project and transaction execution

Support legal contract coordination, including pre-screening contracts for common terms and conditions and coordinating third-party attorney services with the team and General Counsel Assist with special Asset Team projects and corporate-level initiatives

Who you are Strong analytical and quantitative skills with a high level of attention to detail and accuracy

Ability to manage multiple priorities, deadlines, and work streams in a fast-paced transaction and development environment

Clear and concise written and verbal communication skills, including the ability to…