Associate, CRE

The Amherst Group's companies are comprised of leading real estate investment and advisory firms with a mission to transform the way real estate is owned, financed and managed.  Amherst leverages its proprietary data, analytics, technology, and decades of experience to seek solutions for a fragmented, slow-to-evolve real estate ecosystem and to materially improve the experience for residents, buyers, sellers, communities, and investors.  Today Amherst has over 1000 employees and $14.1 billion in assets under management.

Over the past decade, Amherst has scaled its platform to become one of the largest operators of single-family assets and has acquired, renovated, and leased more than 46,000 homes across 32 markets in the U.S.  The firm delivers customized, stabilized cash-flowing portfolios of assets to its investors, wrapped in all the ongoing services required to manage, own, and finance the asset including property management, portfolio management, and a full capital markets team.  In addition to its single-family rental platform, Amherst’s debt business pursues two distinct credit strategies in mortgage-backed securities and commercial real estate lending.  Over its 25-year history, Amherst has developed a deep bench of research and technology talent, and leverages data and analytics at every stage in the asset lifecycle to improve operations and preserve long-term value for our investors and the more than 188,000 residents the firm has served.

The Associate’s role will be to assist in the evaluation of equity and debt real estate opportunities through the process of sourcing, underwriting and closing transactions.   The Associate role will focus primarily on new residential opportunities, including the development of single-family rental communities. The Associate will also play an integral part in the development and implementation of new investment strategies.  The position will be based in NYC or Austin, Texas.

Essential Duties & Responsibilities

• Lead financial modeling exercises for prospective new investments;
• Manage due diligence and closing process for acquisition and development opportunities;
• Generate internal approval memoranda for presentation to senior management;
• Assist in the negotiation of purchase and sale documents as well as joint venture and development management agreements;
• Assist in the research and design of new products and services;
• Keep up with industry trends, products being offered by competitors, and new products emerging in the market;
• Attend and represent Amherst at conferences, events, and other meetings as appropriate;

Education, Skills and Experience

• Entrepreneurial and highly motivated team player who can also work independently within tight deadlines;
• Financial analysis skills must include the ability to sensitize cash flow models and generate waterfall analyses in complex debt and equity transactions;
• Knowledge of fundamental real estate cash flow and valuation analysis;
• Bachelor’s degree in finance or related field, MBA/Master’s degree a positive;
• Minimum of 2+ years of experience in investment banking, real estate private equity or commercial real estate with a scaled owner/operator;
• Highly proficient in Excel and Argus is a plus but not required;
• Strong analytical and business writing skills including synthesizing data and organizing credit memos;
• Strong verbal, interpersonal and organizational skills;

​Amherst is proud to be an Equal Opportunity Employer and committed to creating an inclusive environment for all employees. We do not discriminate on the basis of race, color, religion, national origin, gender, pregnancy, sexual orientation, gender identity, age, physical or mental disability, genetic information or veteran status, and encourage all applicants to apply.