Real Estate Fund Analyst

At Property Reserve our people values and work come together to build something greater. Property Reserve is the real estate investment arm of the reserve funds for The Church of Jesus Christ of Latter-day the spirit of time-tested self-reliance principles Property Reserve creates sustainable cashflow for future needs.

As caretakers of sacred funds we invest in income-generating properties and land to support the Churchs mission. Our focus is on the acquisition build-to-hold development and portfolio level management of office industrial multi-family build-to-rent hospitality and retail properties.

Property Reserve provides a diverse range of investment experiences interacting with a seasoned leadership team. Working in a highly collaborative environment each Property Reserve team member has the chance to contribute meaningfully and frequently to the company culture. Headquartered in downtown Salt Lake City we offer a locale with a unique blend of world-class outdoor recreation a thriving culture & arts scene and diverse housing options with convenient commutes.

We are now looking to recruit an experienced real estate fund analyst with the right skills values and mindset and who can see themselves in the following questions:

• Passionate about commercial real estate equity investing

• Understand the key factors and characteristics which result in some fund sponsors having a better chance than others in performing in the top quartile of their peer set

• More naturally attracted to the investment vehicles within the real estate industry albeit aware of alternative direct real estate opportunities and where we are in the market cycle

• Comfortable with high levels of individual accountability (across a diversified number of holdings) while also collaborating closely with team members

• Keen to add value within a flat partnership-like team structure that values regular communication both formal and informal.

• Happy to present convincing investment rationales to the team and committees be subject to robust and rigorous debate in a professional and collaborative manner and have the humility to admit on occasion when maybe more work needs to be done or the case might not stack up

• Comfortable in presenting along with all team members on mistakes that you have made in previous investments with the objective of constantly improving our investment process where possible

• A proven investment track record with strong communication and analytical skills

• Sensitive to capital preservation as much as capital appreciation

• Demonstrated grit to tackle and complete difficult and complex projects that generate long-term outsized alpha

• Driven by a larger purpose of helping protect and grow the reserve funds of The Church of Jesus Christ of Latter-day Saints

• Conduct detailed macro/micro research focused on specific markets globally to determine change in rental rates cap rates market absorption transaction activity construction trends population growth job growth and industry concentration for investment and development opportunities and corporate strategy

• Support Fund Portfolio Manager in creating and implementing investment strategy for the fund portfolio

• Evaluate and recommend accretive investment opportunities in the private commercial real estate fund space

• Initiate and sustain high-quality analysis of prospective and existing positions

• Proactively communicate investment information on individual vehicles as well as provide views on existing fund investments

• Generate quarterly reports detailing fund portfolio performance highlighting risks and opportunities for each position

• Ensure fund portfolio data is properly and accurately uploaded to databases for in-depth analytics and dashboard reporting

• Manage portfolio performance dashboards and ensure results are reliable

• Support in due diligence on approved fund vehicles

• Must be a member of The Church of Jesus Christ of Latter-day Saints and currently temple worthy

• Bachelors degree minimum Finance Economics and/or Accounting preferred

• Relevant real estate investment experience

• Excellent verbal written and interpersonal communication skills

• Clear technical and analytical skills that lead to timely decisions

• Manage database of investment information

• Understanding of macro-economics financial statements and commercial real estate

• Effective time management relationship management negotiation and prioritization skills

• Keen to add value within a small team ability to work independently and as a member of a team and courage to ask questions

• Ability to be flexible and adapt with a demonstrated grit in completing complex tasks and projects

• Expert in Excel programming experience a plus (e.g. VBA SQL Python SAS)

• Unquestioned integrity

PR / IP