Greybrook Realty Partners

Greybrook Realty Partners is a Toronto-headquartered private equity real estate investment firm that invests and actively manages residential, commercial and mixed-use developments across North America. The firm offers investors the unique opportunity to partner alongside leading real estate developers in the development and construction of new real estate assets and value-add investments. Greybrook and its affiliates have invested in over 100 real estate projects in Canada and the United States with over $2 billion in equity deployed and an estimated gross development value of CAD $30 billion.

Overview of Position

This is an exciting opportunity for a talented and motivated professional to join our high-performance Asset Management team and participate in the acquisition and oversight of large-scale residential developments in Greybrook's target markets. Greybrook is seeking a qualified individual with experience in residential development and investments / development finance who will support the Asset Management team in working alongside the firm's leading residential real estate developers to generate exceptional risk-adjusted returns through the successful execution of development projects.

The Associate will report directly to one of Greybrook's VPs and together manage a portfolio of ~12 to 15 large-scale investments in residential real estate development. They will be responsible for preparing investment pro formas, supporting all underwriting and due diligence requirements for new investment opportunities, and assisting in the financial analysis, project management and semi-annual reporting for existing investments. The Associate will engage with some of the largest real estate developers in Southern Ontario and Greybrook's experienced and talented team and will quickly build a strong understanding of the process of residential development.

As the Associate demonstrates proficiency, depth, and breadth of experience across the development lifecycle, projects and submarkets, the scope, complexity and scale of their responsibilities will grow.

Responsibilities

• Support and manage a portfolio of active residential developments projects.
• Support the team in underwriting new investment opportunities to acquire land and develop residential assets. For each investment opportunity, the Associate will be responsible for creating the pro forma, and will assist the VP in coordinating all underwriting and acquisition activities with one of Greybrook' s leading real estate developer partners and Greybrook' s internal Legal team to evaluate the acquisition. The Associate will assist the VP in conducting due diligence, preparing the investment committee memo, and assist in the preparation of all necessary investor presentations, investment offering documents and legal agreements required for Greybrook's capital raising arm, Greybrook Securities.
• Create complex financial models for ground-up residential developments.
• Review and analyze pro formas and conduct diligence and market research as required.
• Conduct financial analysis, prepare scenarios and sensitivity analysis to inform key decisions and evaluate investment options.
• Support the VP in the preparation of financial reporting and analysis of results on a semi-annual basis.
• Assess, monitor, and provide updates on project budgets and schedules, with focus on variance analysis and cash flow forecasts, etc.
• Create real estate market intelligence / data reports on specified local markets to support due-diligence, project underwriting and monitoring.
• Gather, track, maintain, and disseminate up-to-date market data with commentary pertaining to the target real estate market with focus on residential development and multi-family by collecting and analyzing data from RealNet/Urbanation.
• Manage and maintain project records and data to effectively manage a large number of projects in a fast-paced environment.

Qualifications & Experience

• Must have about 5 years of relevant financial modeling experience in real estate investments, development, or investment banking.
• Minimum of a bachelor's degree in business / finance, economics, engineering, or related field.
• Ideal candidates will have a professional finance or accounting designation (e.g., CFA, CPA / CA).
• Experience conducting financial analysis for development projects using advanced models in MS-Excel.
• Strong understanding of and ability to interpret, analyze and challenge project budgets and pro formas (experience analyzing financial statements is an asset).
• Experience developing and maintaining budgets, project pro formas, cash flow projections, and financial reports.
• A reasonable understanding of the full life cycle of development from acquisition to approvals, unit sales, financing, construction, home closings and disbursements.

Key Attributes

• Ability to operate and thrive in a fast-paced, dynamic environment.
• Ability to gather, synthesize and organize large datasets.
• Highly resourceful problem solver and quick learner.
• An effective communicator both verbally and written.
• Reliable, focused, and detail oriented.
• Responsive and acts with foresight.
• Ability to work independently and collaboratively to enact results and achieve desired outcomes.
• Adept at managing and building relationships with partners, stakeholders and the team.
• The demands of the role require successful candidates to have strong time management and organizational skills in order to manage multiple projects simultaneously while evaluating new investments and participating in internal projects / initiatives.
• A team player.