Stonelake Capital Partners
Associate —Austin or Dallas
Firm Overview
Stonelake Capital Partners is a real estate private equity firm founded in 2007 in Austin, Texas. The firm manages approximately $3.5B of institutional capital across multiple funds, with investors that include some of the nation's largest endowments, foundations, and hospital systems. Stonelake has +/- 55 employees across offices in Austin, Dallas, and Houston.
Job Description
A Stonelake Associate plays an active role in all aspects of the acquisition and asset management of Stonelake’s institutional real estate portfolio across the Sunbelt United States. This entrepreneurial role will directly contribute to investment underwriting, due diligence, buy-hold analyses, market research, broker correspondence, and the exploration of new markets. Alongside the Dallas and Austin investment team, the Associate will learn the Stonelake approach to creating real estate value while exemplifying the highest levels of integrity and ethics.
Essential Functions
- Perform valuation analyses and build financial models for prospective investment opportunities
- Draft investment committee presentation materials for the acquisition and disposition of assets
- Support the extensive due diligence process, including travelling to site visits, meeting with property management, and developing the business plans for each transaction
- Monitor the performance of competing properties and sub-market dynamics
- Provide ongoing asset management by performing periodic property site inspections to review property operational integrity, overseeing tenant improvement projects, and preparing ad-hoc reports
- Lead correspondence with local brokers on new leases and lease renewals
- Develop effective lines of communication with colleagues and third parties
- Perform in-depth market research of Sunbelt MSAs
Qualifications
- 2+ years of work experience, preferably in commercial real estate, private equity, or investment banking
- College degree; finance, economics, or other quantitative field preferred
- Work experience requiring analytical and strong communication skills
- Track record of thriving in a fast-paced, intense work environment
- Exemplify the values of excellence, ownership and collaboration
Compensation / Other
- Competitive salary, bonus, PTO, and benefits
- Five days per week in-office in Austin or Dallas, Texas
- Moderate travel to other states will be required
