Investment Associate

3–6 years of experience in real estate private equity, real estate development, or real estate investment banking, with direct exposure to ground-up development underwriting

Development underwriting and modeling experience is required; multifamily experience strongly preferred

Hands-on experience with CTD/CTC reforecasting and development cost tracking is a strong asset

Demonstrated ability to leverage AI tools and embed AI into modeling and analytical workflows to drive productivity is required

Demonstrated ability to lead transactions independently and present to senior leadership and external stakeholders, including LPs, lenders, and JV partners

Demonstrated ownership mentality — treats the underwriting function as their own and consistently goes beyond the brief to pressure-test assumptions and improve the work product

Lead financial modeling and underwriting for acquisitions, ground-up development, and value-add multifamily across the GTA

Lead underwriting on new opportunities — sources & uses, development budgets, lease-up assumptions, debt sizing, waterfall structures, and LP/GP returns — and present recommendations to the Investment Committee

Manage the deal pipeline and lead preliminary investment screens to filter opportunities before full underwriting

Lead third-party due diligence and project reporting workstreams — including appraisals, cost consultant reports, first draw reports, and market studies — through closing and into construction

Structure and model joint venture waterfalls, promote structures, and partner economics, working alongside legal counsel on key deal documents

Own monthly cost-to-date (CTD) and cost-to-complete (CTC) model updates across the active development portfolio, partnering with construction and project management teams to validate actuals, reforecast remaining spend, and flag variances to budget