Manhattan, NY
Salary Estimate: $175,000.00 - $199,999.00
Employment Type: Full Time
Work Place: Office
Experience Required: 2+ to 5 years
Education Required: 4 Year College
Benefits
Job Description
Associate / Director – Equity Acquisitions (NYC)
Overview
Dalan Real Estate, LLC (“Dalan”) is a vertically integrated real estate investment and management firm with a proven track record of identifying opportunities, unlocking value, and driving long-term growth. The firm oversees a $2+ billion residential and commercial portfolio in partnership with leading institutional investors including KKR, Bain Capital, and RWN. Through its fully integrated platform, Dalan combines investment, credit, management, and leasing capabilities to execute seamlessly across the real estate lifecycle.
For more information, please visit Dalanre.com
Position
Dalan is seeking a highly motivated Associate / Director – Equity Acquisitions (NYC) to join its growing investment team. Reporting directly to the COO, this individual will play a central role in sourcing, underwriting, and executing new equity investments—primarily multifamily and mixed-use properties in New York City. The position offers the opportunity to gain exposure across the investment lifecycle, including selective involvement in asset management to ensure continuity between underwriting assumptions and realized performance.
The ideal candidate is an analytical, detail-oriented professional with at least 2 years of experience underwriting NYC equity real estate transactions, a strong foundation in financial modeling, and deep familiarity with NYC-specific market dynamics.
Responsibilities
Acquisitions (Primary Focus)
- Underwrite and evaluate NYC equity investments, incorporating rent stabilization, 421-a/J-51 abatements, DHCR filings, property tax regimes, and other local considerations.
- Build and maintain advanced Excel/Argus models, including sensitivities and scenario analyses.
- Participate in all phases of the acquisition process: sourcing, pipeline management, market research, LOIs/term sheets, investment memos, diligence, and closing.
- Lead coordination with third-party vendors (legal, appraisal, environmental, engineering, consultants).
- Draft and present investment materials to senior leadership and institutional partners.
- Support selective out-of-market deals (e.g., Phoenix multifamily equity, national multifamily NPL acquisitions).
Asset Management (Supporting)
- Assist in monitoring portfolio performance against underwriting, including NOI, DSCR, occupancy, and capital plan execution.
- Contribute to refinancing, recapitalization, and disposition analyses to tie back to acquisition assumptions.
- Provide analytical and reporting support on portfolio initiatives as needed.
Qualifications
- Bachelor’s degree in Finance, Real Estate, Economics, Accounting, or related field.
- Minimum 2 years of experience underwriting NYC equity acquisitions (multifamily).
- Advanced Excel modeling and valuation skills; Argus proficiency a plus.
- Strong knowledge of NYC-specific real estate frameworks (rent stabilization, abatements, tax structures, DHCR).
- Excellent written, verbal, and presentation skills with the ability to synthesize complex information.
- Highly organized and detail-oriented, with ability to manage multiple projects.
- Self-starter who thrives in a fast-paced, entrepreneurial environment.
Compensation
- Base Salary Range: $150,000 - $200,000 commensurate with experience.
- Annual discretionary performance bonus.
- Full benefits package (medical, dental, vision, 401k).
Dalan is an Equal Employment Opportunity Employer.
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