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;
Associate / Senior Associate – 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 Associate or Senior Associate in our Austin, TX office. The candidate will play a key role on our Portfolio Optimization team by leading a portfolio of investments across our Real Estate strategies.
The ideal candidate will have a firm understanding of 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.
Position Overview:
Pennybacker is seeking a highly motivated, intellectually curious, and collaborative individual to join our Real Estate team as an Associate or Senior Associate in our Austin, TX office. The candidate will play a key role on our Portfolio Optimization team by leading a portfolio of investments across our Real Estate strategies.
The ideal candidate will have a firm understanding of 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.
Key Responsibilities
Essential Functions
- Assist in the development of investment strategies as it pertains to key business plan initiatives to maximize returns and mitigate risks
- Lead investment-level business plan execution
- Prepare and effectively present investment memos and supporting analysis for internal and external stakeholders and be able to respond to questions in a clear and concise manner
- Conduct comprehensive financial analysis and modeling, market analysis, and property valuations to assess the impact of business plan decisions (leasing, capex, refinances, sale, etc.) on investment-level return projections to support investment decisions
- Analyze financial and operational performance utilizing Pennybacker αTM and manage ongoing budget review and approval process for assigned portfolio investments
- Build and maintain strong relationships with various external stakeholders, including joint venture partners, property managers, tenants, consultants, and brokers
- Evaluate and assist in the execution of transactions, including due diligence processes for loan closings, refinances, partnership restructurings, and sale transactions
- Responsible for reporting and compliance with loan documents
- Support the Real Estate team in various ad hoc projects as needed
- Estimated travel 20-40%
Qualifications
Qualifications and Core Competencies
- Experience: 4+ years’ experience in real estate investment management
- Technical: Highly proficient in financial modeling and analysis (including the use of Microsoft Excel and Argus)
- Research: Relevant experience or strong familiarity with research tools (including Costar, RCA, Greenstreet, etc.) and project management/data analysis tools
- 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 and interpersonal skills, with a demonstrated ability to collaborate effectively with diverse stakeholders
- Adaptable: Welcomes change and seeks out disruptive innovations to improve processes and overall business
- Self-Awareness: Objectively evaluates and seeks feedback on personal strengths and weaknesses
- Continuous learning: Seeks feedback to improve performance and pursues training and development opportunities
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;