Associate, Investments

• Lead financial modeling and underwriting for acquisitions ground-up development and value-add multifamily across the GTA
• Lead underwriting on new opportunities sources & uses development budgets lease-up assumptions debt sizing waterfall structures and LP/GP returns and present recommendations to the Investment Committee
• Manage the deal pipeline and lead preliminary investment screens to filter opportunities before full underwriting
• Lead third-party due diligence and project reporting workstreams including appraisals cost consultant reports first draw reports and market studies through closing and into construction
• Structure and model joint venture waterfalls promote structures and partner economics working alongside legal counsel on key deal documents
• Own monthly cost-to-date (CTD) and cost-to-complete (CTC) model updates across the active development portfolio partnering with construction and project management teams to validate actuals reforecast remaining spend and flag variances to budget
• Partner with senior leadership on capital raising and LP fundraising producing model outputs return scenarios track records and analytical content for PPMs teasers IC decks and DDQ responses; participate in LP meetings as required
• Lead debt raising and financing workstreams including construction loan sizing refinancing analysis lender models covenant testing and term sheet negotiation support across senior mezzanine and CMHC-insured structures
• Run sensitivity and scenario analyses to stress-test investment theses
• Author Investment Committee memos and present transactions to IC; contribute to LP reporting fundraising materials and ODD responses
• Conduct market research and comparable analysis across our active jurisdictions
• Partner with development construction and property management teams to validate inputs and ground-truth assumptions
• Contribute to the development of the firms underwriting standards and templates

• 36 years of experience in real estate private equity real estate development or real estate investment banking with direct exposure to ground-up development underwriting
• Development underwriting and modeling experience is required; multifamily experience strongly preferred
• Hands-on experience with CTD/CTC reforecasting and development cost tracking is a strong asset
• Advanced Excel and financial modeling skills you can build a model from a blank sheet not just plug into a template
• MBA from a recognized program required
• CAIA and/or CFA designation preferred
• Bachelors degree in finance real estate economics or related field
• Demonstrated ability to leverage AI tools and embed AI into modeling and analytical workflows to drive productivity is required
• Demonstrated ability to lead transactions independently and present to senior leadership and external stakeholders including LPs lenders and JV partners
• A genuine self-starter who identifies issues independently drives them to resolution and does not require direction to move work forward
• A track record of forming and defending a point of view we expect the Associate to bring recommendations to the table not just outputs and to back them with sound analysis
• Demonstrated ownership mentality treats the underwriting function as their own and consistently goes beyond the brief to pressure-test assumptions and improve the work product
• Comfortable operating with limited oversight in a team environment working cross-functionally across departments and proactive in flagging risks gaps and opportunities to senior leadership
• Strong written and verbal communication IC memos LP communications and lender presentations are central to the role

Youll work directly with senior leadership on a platform pursuing one of the most important investment theses in North America: affordable rental housing at scale. The role offers genuine deal ownership direct exposure to institutional capital partners and lenders and a defined development path for a candidate who performs.