Investments Analyst

Description

POSITION OVERVIEW

The Investments Analyst is a core member of LG Development's investment management team, driving the quantitative and analytical work behind investment decisions, capital formation, and deal execution from acquisition through disposition. This is a high-impact, cross-functional role with direct exposure to the full development lifecycle: deal sourcing, due diligence, financial modeling, structuring, and execution across multifamily acquisitions, asset management, and capital markets. The ideal candidate is a sharp, detail-oriented utility player who thrives in a fast-paced, entrepreneurial environment and is eager to take ownership of complex financial analysis while working alongside senior leadership on live transactions. This role offers meaningful responsibility from day one and a clear path to grow within a dynamic real estate development platform.

CORE ACCOUNTABILITIES

• Financial Modeling & Proforma Management
• Portfolio Management & Reporting
• Feasibility Analysis & Investment Underwriting
• Market Intelligence & Forecasting
• Financial Due Diligence
• Capital Raise & Investment Materials

KEY RESPONSIBILITIES

Financial Modeling & Proforma Management

• Build, maintain, and stress-test dynamic Excel-based financial models for development and acquisition opportunities, including equity waterfalls, return scenarios (IRR, equity multiple, cash-on-cash), and LP/GP distributions
• Develop, update, and manage project-level proformas on an ongoing basis from initial underwriting through stabilization, ensuring they reflect current assumptions, lender requirements, and internal standards
• Perform sensitivity analyses across key variables including land cost, construction cost, lease-up timing, cap rates, and financing terms to support scenario planning and risk assessment
• Maintain model version control and documentation discipline to ensure internal team clarity and external readiness for investor and lender communication and review
• Model complex capital stacks, including layered debt, mezzanine financing, preferred equity, and structured LP/GP waterfalls across multiple scenarios
• Incorporate lender terms, covenants, and draw structures into project-level underwriting and sensitivity analysis

Portfolio Management & Reporting

• Work with the CFO and Director of Accounting in monitoring financial covenants and assist in the preparation of ongoing required reporting under loan documents
• Prepare and update quarterly investor reports in coordination with the CFO, Asset Managers, and Director of Development. Coordinate investor follow-up, as needed
• Partner with the CFO on maintaining the Investor Portal and coordinating investor communications and deliverables
• Assist with investment-level cash flow analysis, including capital call planning and income and capital event distribution forecasting

Feasibility Studies & Financial Due Diligence

• Conduct comprehensive project feasibility analyses incorporating land cost, hard and soft construction costs, financing structure, absorption assumptions, and projected returns to support go/no-go decisions
• Support the due diligence process for prospective acquisitions and development sites, including review of financial statements, rent rolls, operating histories, debt terms, and third-party reports in coordination with external advisors and capital partners
• Identify material financial risks and prepare summary findings and investment memos for leadership and Investment Committee review
• Research and prepare property tax, insurance, utility, and operating expense projections in coordination with the CFO and third-party providers
• Incorporate municipal incentives and structured subsidies, including TIF, HTCs, and other public financing mechanisms, into underwriting models and investment analysis, as applicable

Market Analysis & Forecasting

• Compile, organize, and maintain a structured database of market data including rent comps, sales comps, submarket occupancy, pipeline supply, and demographic trends with consistent version control and source reliability standards
• Monitor macroeconomic indicators, capital markets conditions, and local submarket dynamics and synthesize findings into forward-looking forecasts that inform investment strategy and underwriting assumptions
• Attend property tours, broker meetings, and market tours to build first-hand knowledge of submarkets and competitive positioning
• Basic review of architectural drawings, site plans, and unit mix layouts to inform takeoffs, yield assumptions, and development feasibility

Capital Raise & OM Support

• Assist in the preparation and ongoing maintenance of Offering Memorandums (OMs) for capital raise engagements (equity and debt), including narrative, financial exhibits, and market summaries
• Support the preparation of market research, comp studies, executive summaries, and deal memos for internal review, capital partner communications, and investor reporting
• Maintain organized deal tracking and pipeline reporting to support visibility into the active acquisition and development funnel
• Collaborate cross-functionally with the preconstruction and execution teams on budget alignment, schedule assumptions, and construction cost inputs for development underwriting
• Support lender and investor diligence processes, including responding to underwriting questions, preparing data rooms, and reconciling model assumptions to third-party reviews
• Perform ad hoc analysis and special projects as assigned by the Managing Partner, CFO or CEO

Requirements

QUALIFICATIONS FOR SUCCESS

Education

• Bachelor’s degree required; Finance, Real Estate, Economics, or related field preferred
• Advanced coursework or professional certification in real estate finance or financial modeling a plus

Experience

• 2–5 years of experience in real estate development, acquisitions, investment banking, or a closely related analytical role
• Direct experience with multifamily development underwriting, including familiarity with public incentives, complex capital structures, and construction financing terms
• Exposure to entitlement processes and municipal negotiations related to zoning, incentives, and project approvals, strongly preferred

Technical Skills

• Advanced Excel proficiency, including dynamic model construction, sensitivity tables, and equity waterfall mechanics, including complex capital structures and promotes. 
• Proficiency in Microsoft Office Suite (Word, PowerPoint, Outlook)
• Familiarity with CoStar, Yardi Matrix, Axiometrics, or comparable market data platforms
• Experience with Argus Enterprise a plus; willingness to learn required

Competencies

Analytical Rigor: High standard of accuracy, source discipline, and intellectual honesty in quantitative work

Financial Acuity: Comfort with complex financial structures and ability to translate numbers into investment narrative

Market Intelligence: Genuine curiosity about multifamily real estate dynamics and capital markets

Communication: Able to translate complex analysis into clear written narratives and visual exhibits for investor audiences

Ownership: Self-directed; manages multiple concurrent workstreams without requiring close supervision

Integrity: Exercises sound judgment in handling sensitive deal information and investor relationships