Associate – Real Estate Private Equity
Location: Houston or Austin, TX (On-Site)
About Marble Capital
Marble Capital is a real estate fund manager with $3.3 billion in AUM across a series of closed-ended and open-ended vehicles. The firm invests on behalf of the nation’s largest endowments and RIAs, as well as family offices and private capital sources.
Position Overview
We are seeking a highly motivated Senior Associate to join our investment team. This individual will play a critical role in underwriting, structuring, due diligence, and executing commercial real estate transactions across our diversified platform, with a core focus on industrial, retail, and select other asset types.
The ideal candidate possesses a strong institutional background and is looking to transition into a highly entrepreneurial environment. We are looking for an inquisitive, driven professional who is eager to work on creative deal structures and complex transactions.
Key Responsibilities
Underwriting & Financial Modeling
- Construct dynamic, institutional-grade operating and joint-venture financial models, inclusive of waterfalls and promotes, from scratch in Excel.
- Model and analyze debt investments, with a specific emphasis on structuring preferred equity positions and loan originations.
Transaction Structuring & Due Diligence
- Lead a comprehensive underwriting process, including comparables, demographic, and supply/demand analysis.
- Manage deal pipelines and direct due diligence workstreams, thoroughly reviewing leases, tenant credit, and third party reports.
Investment Committee Capital Materials
- Synthesize complex market data, localized demand drivers, absorption trends, and new supply pipelines into clear, actionable investment narratives.
- Draft and present comprehensive Investment Committee (IC) memoranda and supporting collateral to defend underwriting assumptions, deal structures, and risk-mitigation strategies.
Portfolio Support & Asset Management
- Interface effectively with internal asset management teams to monitor ongoing portfolio performance against established business plans and underwriting metrics.
- Provide analytical support for ad-hoc hold/sell scenarios, lease negotiations, and quarterly fair market valuations as required by the asset management division.
Qualifications & Requirements
- Experience: 2–4 years of total professional experience. The preferred background includes 2 years in real estate investment banking.
- Technical Proficiency: Extensive experience with ARGUS Enterprise, financial modeling capabilities in Excel, and utilizing AI.
- Asset Class Expertise: Experience executing transactions within the industrial and retail sectors.
- Academic Credentials: Bachelor’s degree from a leading university with a strong academic record.
Core Cultural Traits
- Inquisitive & Curious: Demonstrates a fundamental desire to thoroughly analyze data and understand the underlying structural reality of an asset or market.
- Driven & Goal-Oriented: Hungry for professional growth and increased responsibility.
- Entrepreneurial Mindset: Highly adaptable and eager to contribute to a growing, entrepreneurial environment.
- Creative Problem Solver: Enjoys navigating non-traditional deal structures and developing creative capital solutions.