Real Estate Investment Professional

The Firm

Founded in 1988, Prospect Capital is an alternative asset management firm with $8.4B of assets under management, including permanent capital. Prospect pursues multiple strategies in the US, including direct lending, private equity, real estate private equity and structured credit. Prospect has a long-term, value-oriented approach that employs fundamental bottoms-up research to identify investments that offer attractive risk and reward.

Prospect’s real estate private equity business is housed within National Property REIT Corp. (“NPRC”), a private, wholly owned REIT that has invested over $3 billion of multifamily, student housing, and self-storage properties. NPRC currently owns 47 multifamily properties and 8 Division One student housing properties.

With offices in New York City, Connecticut, Florida and Texas, the firm is comprised of 100 experienced professionals who value entrepreneurship, intellectual rigor, hard work and continuous improvement.

The Position

• Modeling, underwriting, diligencing, and closing equity investments in real estate across various asset classes, with an emphasis on multifamily
• Creating and presenting detailed memos to the Investment Committee for deal approval
• Identifying, negotiating, and maintaining potential joint venture partners
• Portfolio management assignments, including tasks related to re-financings, dispositions, and oversight of joint venture partners
• Other ad hoc assignments, including capital raising and research assignments

Desired Skills and Experience

• Experience focused on equity investments in the US real estate market with a demonstrated focus on multifamily
• Demonstrated track record of excellence in academic, professional, and personal endeavors
• Experience with: multifamily transactions involving multi-tiered joint venture waterfalls or similar structures, deal diligence and vetting of potential operating partners, evaluating first mortgage financing alternatives from GSE, CMBS and other sources
• Knowledgeable about market trends in US real estate asset classes, especially multifamily real estate and GSE financing programs relating thereto
• Strong verbal and written skills - incoming investment professionals are expected to interact every day with JV partners and senior management
• Proactive team player with excellent multitasking skills and a positive attitude

The anticipated annual base salary range for this position is $100,000 - $200,000 plus annual discretionary performance-based bonus. Actual pay may be adjusted based on experience and performance.