Pennybacker II, LP; Pennybacker III, LP;
Pennybacker V, LP; Pennybacker EIV, LP;
Pennybacker Credit I, LP;
Pennybacker Real Estate Credit II, LP:
Pennybacker Evergreen Partners, LP:
Pennybacker Critical Infrastructure Partners I, LP;
PCIP I CI Coinvest, LP;
Analyst / Senior Analyst, Real Estate
Company Overview:
Headquartered in Austin, TX with offices in Denver, CO, New York, NY, Dallas, TX, and Charlotte, NC, Pennybacker is a nimble, data-driven private equity firm that invests across two multi-strategy real asset platforms within the United States: Real Estate and Infrastructure.
Position Overview:
Pennybacker is seeking a highly motivated, intellectually curious, and collaborative individual to join our Real Estate team as an Analyst or Senior Analyst in our Denver, CO office. The candidate will support the Investments and Portfolio Optimization teams through the full lifecycle of our investment process, from evaluating and closing new investment opportunities to executing on, and adapting, business plans on portfolio investments. This individual will collaborate with various team members across different departments and groups.
The ideal candidate will understand real estate investments, possess strong analytical skills, and have a passion for identifying and solving complex challenges, with a strong drive for continuous improvement and innovation. This role offers the opportunity to work closely with senior investment leaders and contribute to the growth and success of our Real Estate investment strategies. Responsibilities are broad and directly impact key operations of the business.
Key Responsibilities
- Financial Underwriting & Analysis: Prepare detailed financial underwriting models for potential real estate acquisition and development investments (use of Excel and Argus)
- Due Diligence & Research: Support investment team by performing industry, market, and asset-level research and due diligence to assess investment opportunities and recommendations. Perform ad hoc research for the team’s marketing reports and other materials.
- Investment Recommendations: Translate comprehensive investment analysis into clear, concise narratives (investment memos, offering summaries, email summaries) for senior internal stakeholders, and effectively respond to any follow-up questions or requests for clarification.
- Ongoing Investment Performance: Support the Portfolio Optimization teams in managing existing portfolio investments by providing operational and financial analysis utilizing existing infrastructure (Pennybacker αTM), managing ongoing budget review and approval processes, and evaluating critical business plan decisions (leasing, capex, refinancing, sale, etc.)
- Ad Hoc Support: Complete ad hoc projects as assigned, including investment theme research and the preparation of whitepapers
- Travel: Willingness and ability to travel as needed by position (estimated ~10-15%)
Qualifications
- Experience: 1-3 years applicable work experience preferred (i.e., real estate valuation, investment underwriting, etc.)
- Technical: Proficiency in Excel modeling; proficiency in Argus Enterprise a plus
- Research: Relevant experience using real estate research tools preferred (i.e., CoStar, RCA, Greenstreet, etc.)
- Presentation: Advanced PowerPoint and Word skills preferred
- Teamwork: Contributes to building a positive team environment
- Initiative: Identifies what needs to be done and acts before the situation requires it
- Problem-solving: Thinks creatively and identifies innovative solutions to existing processes and methods
- Resiliency: Ability to adapt and thrive in the face of challenges while maintaining a positive mindset and composure under pressure
- Communications: Excellent communication (written and verbal) and interpersonal skills
- Adaptable: Welcomes change and seeks out disruptive innovations to improve processes and overall business
Application Details To be considered for this position, please take the following steps:
1. Email your resume to DEN.Careers@pennybackercap.com
2. Take the behavioral assessment. The behavioral assessment should take less than 10 minutes to complete. It is not a test, and there are no right or wrong answers.
Pennybacker II, LP; Pennybacker III, LP;
Pennybacker V, LP; Pennybacker EIV, LP;
Pennybacker Credit I, LP;
Pennybacker Real Estate Credit II, LP:
Pennybacker Evergreen Partners, LP:
Pennybacker Critical Infrastructure Partners I, LP;
PCIP I CI Coinvest, LP;