Real Estate Investment Professional
The Firm
Founded in 1988, Prospect Capital is an alternative asset management firm with $8.4B+ of assets under management, including permanent capital. Prospect pursues multiple strategies in the US, including direct lending, private equity, real estate private equity and structured credit. Prospect has a long-term, value-oriented approach that employs fundamental bottoms-up research to identify investments that offer attractive risk and reward.
Prospect’s real estate private equity business is housed within National Property REIT Corp. (“NPRC”), a private, wholly owned REIT that has invested over $3 billion of multifamily, student housing, and self-storage properties. NPRC currently owns 47 multifamily properties and 8 Division One student housing properties.
With offices in New York City, Connecticut, Florida and Texas, the firm is comprised of 100+ experienced professionals who value entrepreneurship, intellectual rigor, hard work and continuous improvement.
The Position
- Modeling, underwriting, diligencing, and closing equity investments in real estate across various asset classes, with an emphasis on multifamily
- Creating and presenting detailed memos to the Investment Committee for deal approval
- Identifying, negotiating, and maintaining potential joint venture partners
- Portfolio management assignments, including tasks related to re-financings, dispositions, and oversight of joint venture partners
- Other ad hoc assignments, including capital raising and research assignments
Desired Skills and Experience
- Experience focused on equity investments in the US real estate market with a demonstrated focus on multifamily
- Demonstrated track record of excellence in academic, professional, and personal endeavors
- Experience with: multifamily transactions involving multi-tiered joint venture waterfalls or similar structures, deal diligence and vetting of potential operating partners, evaluating first mortgage financing alternatives from GSE, CMBS and other sources
- Knowledgeable about market trends in US real estate asset classes, especially multifamily real estate and GSE financing programs relating thereto
- Strong verbal and written skills – incoming investment professionals are expected to interact every day with JV partners and senior management
- Proactive team player with excellent multitasking skills and a positive attitude
The anticipated annual base salary range for this position is $100,000 – $200,000 plus annual discretionary performance-based bonus. Actual pay may be adjusted based on experience and performance.