Due Diligence Associate, Private Placements

Overview

This role is a Due Diligence Associate position focused on private placements. The position is full-time and exempt, reporting into senior leadership (Chief Investment Officer/VP of Research).

Responsibilities

• Lead due diligence on new offerings and sponsors, including review of:
  • Private Placement Memorandums
  • Leases
  • Operating statements
  • Development budgets
  • Equity and debt term sheets
  • Third-party reports
• Write executive summaries that surface issues and support clear recommendations.
• Evaluate sponsors (not just assets) by assessing:
  • Track record
  • Strategy consistency
  • Fee and alignment structures
  • Financial condition
  • Operational capability
• Underwrite and model structured commercial real estate investments across property types and strategies, including:
  • Cash flow and valuation
  • Complex debt and equity partnership structures
  • Building new models when existing ones fall short
• Identify inefficiencies in the diligence process and partner with the Technology team to move Excel-based models and manual workflows into software-based solutions.
• Serve as a subject matter expert for Product and Development on new products and features, including requirements, review, and testing.
• Represent Research on valuation and reporting projects.
• Use AI-assisted tools to speed up document review and data extraction; verify outputs against source documents.
• Monitor the competitive landscape across real estate, alternatives, and capital markets.
• Lead complex transactions and projects from first look through a recommendation to management.
• Provide support to junior analysts as a resource.

Requirements

• Bachelor’s degree in Real Estate, Finance, Accounting, Economics, or a related field, or equivalent experience.
• 3 to 5+ years of experience in one or more of the following:
  • Commercial real estate lending or credit
  • Multi-property-type real estate investment management
  • Securities due diligence on alternative investments
• Exposure to multiple property types, investment strategies, and geographies, with the judgment to compare them rather than specialize in one market.
• Strong financial modeling skills, including cash flow analysis, valuation, and complex debt and equity partnership structures.
• Ability to critically read real estate and offering documents and identify issues others miss.
• Advanced Excel; SQL preferred.
• Clear writing and speaking, with the ability to explain complex investments to a CEO and/or individual investors.
• Curiosity, integrity, and self-direction to manage several projects at once and solve problems without being told where to start.

Preferred Qualifications

• Prior experience in a formal due diligence role (lending, investment management, or securities due diligence).
• ARGUS experience.
• Working knowledge of real estate taxation, including 1031 exchange mechanics.
• Knowledge of REITs and other commercial real estate investment vehicles.
• Experience in structured finance, securitization, or tax credits.
• Experience working with software or data teams on workflow or tool development.

Compensation & Benefits

• Base salary plus bonus (range to be added).

Location

• Austin, Texas, United States (also eligible to work remotely, as specified in the role details).

Timing

• Date posted: 11/1/2026
• Date needed: 1/1/2027