Multifamily Development Investment Analyst

Company Overview:

The Picerne Group is a privately held and internally funded investment company founded in 1988.  Our areas of focus have been in distressed debt investment in the United States, Europe, and Asia; acquisition of existing multi-family assets in the western United States; entitlement and acquisition of land for luxury multi-family development, primarily in southern California; and construction, property management and asset management of our multi-family portfolio. 

The Picerne Group currently owns and manages a portfolio of approximately 4,000 Class A apartment units in its core markets of Southern California, Las Vegas, and Denver and has a development pipeline of nearly 3,000 units concentrated in irreplaceable coastal Southern California locations. We invest only our own equity and focus on the long term by building-to-own as opposed to building-to-sell. Our independence from outside capital shapes our ability to bring an entrepreneurial approach to everything we do and invest through any economic climate.

Job Description:

The Multifamily Development Investment Analyst (“Analyst”) will support the Acquisitions, Entitlement and Development teams in underwriting acquisition opportunities and existing development projects. The role will require analyzing historical data, in-depth market research, and utilizing and developing sophisticated financial models. The Analyst will be based in The Picerne Group’s Newport Beach office full-time. The role and responsibilities of the Analyst will vary depending on the economic environment and the company’s strategic priorities. 

Responsibilities:

• Underwrite and evaluate real estate acquisitions and developments.
• Perform in-depth market research.
• Prepare presentation materials for investment opportunities for the TPG Investment Committee.
• Prepare financing packages for our construction lenders.
• Develop and maintain financial models.
• Support the Development team with managing budgets and forecasting.
• Work in collaboration with various departments (Accounting, Banking, Construction and Operations).

Required Experience and Skills:

• This position requires a Bachelor’s Degree level education from a top-tier college with an emphasis in Business, Finance, Real Estate, Economics or another related discipline.
• 5+ years of experience as an analyst at a multi-family development company.
• Advanced Excel and financial modeling skills.  
• Excellent analytical abilities and quantitative skills.
• Effective communication and business writing skills.
• Collaborative team player.
• Creative problem solver and strategic thinker.
• Strong drive for excellence and highly motivated.
• Well organized, detail-oriented, and ability to multi-task.