Senior Associate Real Estate Jobs in Chicago, IL

Real Estate Private Equity Associate / Sr. Associate Role OverviewStepStone is currently seeking candidates with excellent quantitative, qualitative, and interpersonal skills for an Associate / Senior Associate position on StepStone’s Real Estate Investment Team. The primary role is to assist in the...Real Estate Private Equity Associate / Sr. Associate Role OverviewStepStone is currently seeking candidates with excellent quantitative, qualitative, and interpersonal skills for an Associate / Senior Associate position on StepStone’s Real Estate Investment Team. The primary role is to assist in the identification, evaluation, due diligence, and execution of real estate investments across geographies and asset classes. The Associate/Sr. Associate will work in a team environment with other team members to source, underwrite, and diligence new investment opportunities, negotiate acquisition terms, manage existing assets, and conduct asset dispositions. The Associate/Sr. Associate will have the opportunity to present recommendations, with the investment team, to the Real Estate Investment Committee.StepStone prides itself on the Firm’s collegial atmosphere, encouraging team-building initiatives and a collaborative approach to accomplishing projects. The Associate/Sr. Associate will have exposure to all levels of the Firm, from Partners to fellow Associates/Sr. Associates, on a daily basis.The ideal candidate will possess a bachelor’s degree and a background in real estate private equity/credit, investment banking, or other real estate- or finance-related industries. The Associate/Sr. Associate will adhere to the highest ethical standards, as well as demonstrate maturity, reliability, and attention to detail.Essential Job Functions:Identify, source, and evaluate high-potential acquisition opportunities across various real estate asset classes (residential, commercial, industrial, mixed-use, etc.), geographies, and risk-spectrumsParticipate and lead in the underwriting and due diligence process for potential acquisitions, including financial analysis, structuring, market research, site visits, and document reviewPerform financial modeling and sensitivity analysis related to investment opportunitiesPrepare for and participate in meetings with managers and investors and conduct on-going due diligenceForm an independent opinion about the attractiveness of a sector or investment opportunityConstruct an argument around an opinion and efficiently communicate that argument both verbally and in written materials; be able to defend position in a team environment, including Investment Committee meetingsDraft investment memorandums and presentations related to acquisition opportunitiesAssist with asset management duties, including financial analysis and investor reporting for existing investmentsSupport the fundraising process, including creating fundraising presentation materials and coordinating historical fund- and asset-level performance analysisDevelop and maintain a network of key relationships, including brokers, developers, institutional investors, and financial partnersBring investments through the investment committee process, presenting acquisition opportunities and providing insights and recommendationsEducation and/or Work Experience Requirements:4+ years of experience in real estate private equity/credit, investment banking, or related real estate finance fieldBA/BS in Business, Finance, Economics, Accounting, Real Estate, or related fieldExtensive experience in real estate acquisitions, including a proven track record of successfully identifying and closing investment opportunitiesTakes pride of ownership in work, and work ethicAbility to represent the Firm credibly in written and interpersonal communicationsDemonstrable analytical capabilities, including strong quantitative/modeling skillsHigh proficiency in Word, PowerPoint, and ExcelDeveloping investment judgment and general understanding of risk/reward trade-offsFlexibility to work within StepStone’s dynamic and entrepreneurial organizationBased in Chicago, with availability to travel, primarily domesticallyKnowledge, Skills, and Ability Requirements:Highly analytical with exceptional problem-solving skillsARGUS experience optional but preferredPromote and demonstrate a positive, team-oriented attitude