Analyst, Investments

• Build and maintain financial models for acquisitions, ground-up development, and value-add multifamily across Canadian and US markets


• Support underwriting on new opportunities — sources & uses, development budgets, lease-up assumptions, debt sizing, waterfall mechanics, and LP/GP returns


• Maintain the deal pipeline tracker and prepare preliminary screens for review by senior team members


• Coordinate and synthesize third-party due diligence and project reporting — including appraisals, cost consultant reports, first draw reports, and market studies


• Build and update joint venture waterfall and partner economic models under the direction of senior team members


• Maintain monthly cost-to-date (CTD) and cost-to-complete (CTC) model updates across the active development portfolio, working with construction and project management teams to capture actuals and flag variances


• Prepare model outputs, return scenarios, and analytical content to support capital raising and LP fundraising materials


• Prepare lender models, covenant testing schedules, and term sheet comparison analyses to support debt raising and financing workstreams


• Run sensitivity and scenario analyses to support investment theses


• Draft sections of Investment Committee memos and prepare supporting exhibits and analyses


• Conduct market research and comparable analysis across our active jurisdictions


• Partner with development, construction, and property management teams to gather inputs and validate assumptions

• 2–4 years of experience in real estate private equity, real estate development, real estate investment banking, or a related analytical role


• Exposure to development or multifamily underwriting strongly preferred


• Bachelor's degree in finance, real estate, economics, or related field


• CAIA and/or CFA candidate viewed favorably


• Strong Excel and financial modeling fundamentals — comfortable building from a template and progressing toward building from scratch


• Demonstrated ability to leverage AI tools and embed AI into modeling and analytical workflows to drive productivity is required


• A genuine self-starter who takes initiative, asks the second and third questions, and drives tasks to completion without prompting


• Demonstrated ownership mentality — takes pride in the quality of their work product and consistently goes beyond the brief


• Comfortable working cross-functionally in a team environment and proactive in flagging issues to senior team members


• Strong written communication — precision and attention to detail are essential

You'll work alongside senior leadership and the Investments team on a platform pursuing one of the most important investment theses in North America: affordable rental housing at scale. The role offers exceptional learning, exposure to live transactions across the deal lifecycle, and a clear path to Associate for a candidate who performs.