Associate Proptech
New York, NY Fairstead Ventures
Job Type
Full-time
Description

 Fairstead is a vertically integrated real estate company specializing in affordable and mixed-income housing. Since 2014, Fairstead has acquired and/or developed more than $4 Billion of multifamily property across the country, and today owns a portfolio of 16,500 apartments in 18 states. The company’s comprehensive platform provides hands-on expertise across all multifamily disciplines, including acquisitions, development, design and construction, energy and sustainability, property management and social services. Fairstead’s primary mission is to provide high quality housing to all regardless of income, and to make our stakeholders feel “Right at Home.” We accomplish this through an empathetic and innovative approach, and by utilizing our interdisciplinary platform as an investor, developer, owner, and operator. Fairstead provides hands-on expertise across all multifamily disciplines, including acquisitions, development, design, construction, energy, sustainability, property management and social services. With a long-term commitment to its residents, communities, and partners, the Fairstead team stands out by:

  • Listening to and understanding the needs of its residents, communities, partners, and stakeholders alike
  • Developing and preserving high quality affordable housing in an innovative and sustainable fashion
  • Creating a positive social and environmental impact within the properties and communities it serves

Fairstead’s Core Values

  • Empathy
  • Innovation
  • Entrepreneurship
  • Determination
  • Integrity

Fairstead is looking to hire a passionate investment professional to be an integral member of the investment team. This individual will work on identifying, evaluating, and developing strategic investment opportunities that have direct applications within the Fairstead real estate businesses.

Responsibilities:

  • New deal sourcing – participate in conferences, incubators/accelerators, and build relationships with VC partners for co-investment opportunities – actively build and manage investment idea pipeline for Fairstead Ventures
  • Conduct industry and thematic research and competitive analysis
  • Perform valuation analyses of prospective investment opportunities under consideration, including the assessment of financial risks
  • Participate in due diligence, deal structuring, and negotiation of terms sheets, purchase agreements and financing terms
  • Planning and overseeing new product/service pilots at Fairstead properties/sites, and scaling of proven product/services across the larger Fairstead portfolio
  • Monitoring portfolio company performance and business strategies
  • Participate in developing captive startup initiatives at Fairstead including hiring of key people, monitoring, strategy and business planning and development
Requirements

 

  • 4+ years of relevant work experience
  • Prior experience in investment banking, strategy consulting, private equity, venture capital or public market investing
  • High level of competence with respect to financial analysis, due diligence, and financial modeling
  • Excellent written, verbal, and interpersonal communication skills
  • Strong attention to detail
  • Ability to think and work independently
  • Highly motivated and driven individual

The duties and responsibilities described here are not exhaustive and additional assignments, duties, or responsibilities may be required of this position. Assignments, duties, and responsibilities may be changed at any time, with or without notice, by Fairstead in its sole discretion.