Associate - Real Estate Family Office

Overview

“Camino” or “CCM” is a family office investment platform formed to execute and manage investments in real estate and growth businesses across the United States. CCM invests in private real estate via controlled joint ventures and sponsored projects. Camino focuses on the residential and industrial sectors, targeting an 80% portfolio allocation between them. The remaining 20% of Camino’s investment activity targets VC / technology, private equity, and other alternatives.

 

Prior to forming CCM, Camino’s Principals had developed, acquired, and/or managed over 25,000 residential units, along with 4 million square feet of industrial, office, retail and mixed-use space in the US, Europe, and Latin America. The Principals have experience investing through several cycles and the firm maintains a long-term view in its investment strategy and approach to risk. Through determination and a strong entrepreneurial spirit, the family enterprise that funds Camino investments has continually expanded over the past four generations. Camino has ambitious plans to extend its reach, investment management footprint, and AUM in the years to come.

  
Camino’s real estate portfolio encompasses multifamily, logistics, for-sale residential and office assets across leading MSAs. The firm is currently underway on vertical construction of a 32-story residential tower in Miami and recently launched a single-family-rentals venture. Camino is differentiated from most investment managers in that its primary objective is to invest and grow its own capital. Though CCM plans to increase management of 3^rd-party capital as part of its growth trajectory, it intends to remain the majority investor in each of its real estate projects, i.e. Camino will always put its money where its mouth is.

 

The Role

Camino is a lean organization with an open culture focused on efficiency and results. CCM seeks an Associate to be based in metro Washington, DC to join in driving the business forward. The position requires a high degree of professionalism, energy, real estate knowledge, entrepreneurship, and discretion. The Associate will work directly with the CEO and frequently interface with other team members, joint venture partners, service providers, and market players. Prior experience in real estate development and/or asset management is required to complement the CEO’s focus on investment. The Associate will be expected to wear many hats, learn the investment management business, and grow in responsibility and impact as Camino grows. Camino aims to complete the selection process by September.

Associate Profile

The successful Associate will possess many of the following traits and experiences:

1. Strong grasp of real estate development or asset management fundamentals and best practices with 4+ years of experience with a leading real estate firm

 

2. Highly proficient in oral and written communication with the ability to produce and present detailed work with minimal / no errors; naturally focused on efficiency

 

3. Expert in Excel financial modeling (real estate and business project modeling with DCF and sensitivity analysis, JV waterfalls, pivot tables, etc.); experience with Argus or other real estate software a plus

 

4. Proven track record in design, engineering, and construction, with thorough knowledge of the construction and/or development process; or

 

5. Proven track record evaluating economic, competitive market, and demographic trends within an asset’s geographic area, and development and implementation of strategies to maximize asset performance

 

6. The experience and maturity to effectively manage internal and external resources, JV partners, consultants, and contractors

 

7. Very organized, patient, strategic orientation, and highly collaborative by nature; willing to roll up his/her sleeves to get the job done

 

8. Intelligent and forward thinking; low ego needs coupled with high levels of engagement, curiosity, and an ability to defend his/her position in a well reasoned, articulate fashion

 

9. Comfortable with uncertainty, resilient, with a can-do attitude and the ability to rapidly adapt and navigate complex situations

 

10. Strong academic background with undergraduate degree in real estate, business, accounting, or economics preferred
    
    

*Spanish language ability a plus

Expected initial responsibilities (with progress in role determining the future):

 

1. Build and maintain strong relationships with Camino team members, joint venture partners, and service providers to effectively obtain and provide business-critical information

 

2. Build relations and maintain database of DMV / mid-Atlantic brokers, property sellers, and developers / operators that might serve as joint venture development or investment partners: become the Camino expert in the region for deal sponsorship opportunities

 

3. Prepare clear, concise, and insightful reports relating to Camino portfolio and asset performance, problems and work-out strategies, construction, and leasing status

 

4. Perform periodic asset and JV partner visits to assess physical property condition, local management, and overall investment administration

 

5. Assist in due diligence process for new investments including coordination with potential operating partners, as applicable

 

6. Prepare preliminary development budgets or investment models (i.e. Proformas, land models, development reports) for proposed projects for review with President and other CCM team members

 

7. Assist in preparing investment memoranda that communicate conclusions and investment risk in a narrative presentation to senior management and the Investment Committee, as applicable

 

8. Other special projects in development or asset management as required / requested; some travel expected
   
   

Interested candidates should please send a resume and cover letter.

IT IS IMPORTANT TO INCLUDE A COVER LETTER STATING WHY YOU ARE INTERESTED IN THIS OPPORTUNITY AND HOW YOUR EXPERIENCE IS APPLICABLE

 

Camino Capital Management LLC is an Equal Opportunity / Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, national origin, age, disability, genetics, sexual orientation, or protected Veteran status.

 

Camino Capital Management does not accept unsolicited resumes through or from search firms or staffing agencies. All unsolicited resumes will be considered the property of Camino Capital Management and Camino will not be obligated to pay a placement fee.