Position SummaryBonaventure is looking for an Associate to join Bonaventure Investment Management's ("BIM") Acquisitions Team and assist with all facets of property acquisitions and strategic investments. This position will be multi-disciplinary and support a variety of Bonaventure's leaders and business units. In this position, you will report to BIM's Director of Acquisitions and have a vital role in identifying and executing various investment strategies that drive alpha for the portfolio. This role works in close collaboration with the Capital Markets, Asset Management, and Debt & Dispositions departments to execute investment strategies and decisions.
What You Do- Assist in sourcing efforts and evaluate acquisition opportunities that achieve the company's risk/reward profile, including direct outreach to property owners, brokers, and market participants to generate and maintain an active deal pipeline.
- Own the acquisition deal pipeline and manage adherence to project milestones from initial offer through closing.
- Build, maintain, and stress-test complex financial models, including cash flow projections, return analyses and sensitivity analyses.
- Analyze large quantities of market, operational, and financial data and distill relevant findings into clear, actionable investment recommendations.
- Conduct market research and prepare investment memos for initial screening and Investment Committee presentation.
- Prepare letters of intent (LOIs) and term sheets, coordinating with internal leadership on pricing, structure, and key deal terms.
- Support the structuring and execution of Delaware Statutory Trust (DST) investments, including familiarity with 1031 exchange mechanics, DST offering documentation, and the role of DSTs within a broader portfolio acquisition strategy.
- Coordinate with the Capital Markets and Debt & Dispositions teams to model and evaluate financing structures and their impact on investment returns and business plans.
- Own the financial due diligence process, including collection and analysis of rent rolls, trailing income and expense statements, tax returns, utility records, and service contracts; reconcile seller financials against market data and internal underwriting assumptions.
- Scope, engage, and manage third-party vendors for physical due diligence, including property condition assessments, Phase I/II environmental reports, and other technical inspections; critically evaluate findings and quantify their impact on business plan assumptions and capital expenditure budgets.
- Own the legal due diligence process, including but not limited to management of outside counsel review of purchase and sale agreements, title commitments, and surveys; track all contingency periods, and resolve open title and survey matters.
Who You Are- A highly motivated self-starter who can work independently without planned support and is driven through intellectual curiosity with superior time management, prioritization and professional vertical and horizontal communication skills.
- Passionate about real estate, have a ravenous appetite for learning new things, and enjoy a goal-driven, fast-paced environment utilizing your competitive work ethic with a nimble, cognitive ability to adapt to change and succeed in a fast-paced, entrepreneurial environment.
- Proven ability to independently manage multiple active transactions simultaneously, prioritize competing deadlines, and operate with minimal supervision in a fast-paced, entrepreneurial environment.
- Strong written and verbal communication skills, with the ability to interface professionally with senior leadership, brokers, sellers, lenders, and legal counsel.
Qualifications- Bachelor's degree in Business, Finance, Real Estate, or a related field required; advanced degree or relevant certifications (CFA, CCIM) is a plus.
- 3-5 years of experience in multifamily investment management, acquisitions, or a related real estate private equity or advisory role; experience with senior housing acquisitions (independent living, assisted living, or memory care) is a strongly preferred plus.
- Familiarity with 1031 exchange and 721 exchange structures required.
- Familiarity with Delaware Statutory Trust (DST) structures, DST offering documentation, and the role of DSTs within a broader portfolio acquisition strategy is a strongly preferred plus.
- Advanced in Microsoft Excel.
Salary$125,000-$155,000 base with a bonus opportunity of 30%-50% annually
