Associate, Real Estate at Sentral

About Sentral

Sentral is a network of communities redefining the way people live. Sentral’s mission is to be the leading residential hospitality operator through superior performance, enhanced experience, and a network of connected communities. We take the convenience, connection, and comfort of home to new heights-we call it Home+. Our one-of-a-kind communities offer unrivaled locations, innovative tech-enabled services, and premium amenities to enhance everyday life. Sentral lets you live life on your own terms in the heart of the world's best cities: Atlanta, Austin, Chicago, Denver, Los Angeles, Miami, Nashville, Oakland, Philadelphia, Pittsburgh, Portland, San Francisco, San Jose, Santa Monica, Scottsdale, and Seattle, with more coming soon.

Our core values reflect our commitment to our employees, as we are service first in our actions, value thinking like an owner, and continuously strive to make one another better. We strongly believe in continuous personal improvement, career growth and diversity in our workforce. With ongoing learning & development offerings, leadership coaching and mentorship programs, we foster an empowered environment rooted in empathy and growth. Our team members are curious explorers who never stop learning and who strive for great outcomes.

Learn more about us at www.Sentral.com.

Position Overview and Responsibilities

At Sentral, we are building a team of people-first focused individuals who thrive on going above and beyond. Ideal candidates will exemplify a can-do attitude, a growth mindset, and an entrepreneurial drive. Successful candidates will be proactive, solution-oriented, and have strong ownership of their work. The Associate’s primary responsibilities will be conducting underwriting, pitch deck creation, and deal pipeline management allowing them to own the end-to-end process around how Sentral analyzes new third party Class A multifamily and hotel management and investment opportunities in existing and new markets. This position reports to the Director, Real Estate and will have extensive exposure to the entire internal organization and leadership, as well as industry executives.

This is a remote position located in San Francisco or Los Angeles that requires travel within the United States 20% of the time.

What You’ll Do:

• ● Own the entire underwriting analysis process for Sentral opportunities
• Improve and iterate Sentral's underwriting model and key investment metrics
• Develop and own all data infrastructure necessary to underwrite management opportunities, including all hospitality and multifamily data for existing and new markets
• Prepare and own all portfolio level reporting and data for third party management opportunities in partnership with Business Intelligence and Operations
• Manage internal pipeline of incoming and ongoing deals
• Maintain thorough market awareness in targeted markets through direct research, review of third-party research, and work closely with Operations, Asset Management, Transitions, Development, Revenue Management, and Corporate Sales teams on expense and revenue assumptions
• Preparing memoranda (pitch decks) for recommended management opportunities and identifying risks and profitability for each deal
• Review and analyze a business model to present to the executive team and third-party clients about Sentral analysis, margins and potential deal terms
• Accompany team on site visits during pitch process and tours of existing portfolio to illustrate Sentral’s capabilities to new clients.
• Ideally based in San Francisco but will consider other locations for the right candidate.
• This position will require travel from time to time including business development efforts.

Skills and Experience

• Bachelor's degree in real estate, finance, economics, or other business disciplines
• Have at least two years of experience and a proven track record of success in real estate analysis and acquisitions within multifamily and hotel asset classes
• Experience in either Investment Sales / Capital Markets Brokerage, Real Estate Private Equity, or Real Estate Investment Banking
• Well-organized, detail-oriented, and have excellent analytical skills; proficiency in sophisticated financial analysis
• Strong problem-solving skills; good client and public presentation skills; and excellent oral and written communication skills
• Strong knowledge and experience owning the data infrastructure necessary to manage a fast-growing pipeline of real estate opportunities
• Highly proficient with Microsoft Excel, including the ability to create complex financial models from scratch
• Ability to work entrepreneurially and to approach investment opportunities from an owner's perspective
• A strong understanding of commercial real estate terms and investment principles
• Self-starter and highly motivated with the ability to multi-task

Sentral Benefits

• Healthcare Coverage: We are committed to providing comprehensive healthcare plans (medical, dental, vision, and other benefit options) to our team members and their families.
• Time Off: Sentral fosters a flexible work lifestyle by offering paid time off, paid holidays, & volunteer hours to all full-time team members.
• Matching 401K: To help you reach your savings goals, we offer a 401(k) plan with a match.
• Career Development: We offer extensive learning and development opportunities to support growth.

The following requirements are intended to reflect the expected work environment and physical demands of the role. Candidate must be able to perform the following activities with or without reasonable accommodation to be successful in the role:

• Work in a space that includes indoor and outdoor spaces, with and without covering
• Move throughout the property for extended periods of time
  
• Transport boxes and equipment weighing up to 20 pounds
• Communicate with other persons in the building
• Observe details in surrounding areas and on a screen

If you require accommodations to the above listed job duties or would like to request accommodations during the interview process, please indicate so on your applications in the "Accommodations" section.

Sentral is dedicated to creating a diverse and inclusive work environment that champions all backgrounds, identities, and voices. We strive to cultivate a space where our team members feel valued, and our residents feel loved. While there is no exact recipe for ensuring our residents feel loved, we believe a key ingredient is seeking and employing individuals that reflect the uniqueness of our residents.

As an Equal Opportunity Employer, we do not discriminate based upon actual or perceived race, religion, color, national origin, sex (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender, gender identity, gender expression, transgender status, sexual stereotypes, age, status as a protected veteran, status as an individual with a disability, or other applicable legally protected characteristics. We also consider qualified applicants with criminal histories, consistent with applicable federal, state and local law.