Overview
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Base pay range
$100,000.00 / yr - $150,000.00 / yr
NYC Based
About our client
Alpaca Real Estate is a Real Estate Private Equity firm founded in 2023 and backed by the U.S.’s largest institutional investors. Alpaca is purpose-built to capitalize on today’s volatility with a clean slate and a differentiated approach. The firm combines proven investment acumen with modern technology and AI to gain an edge in sourcing, underwriting, and execution. The founding partners have led 100+ transactions and deployed $3B+ of equity.
About the role
Alpaca Real Estate is looking for a sharp, driven Analyst or Associate (depending on prior experience) to join its New York-based investment team. This is a rare opportunity to gain full-cycle exposure across the real estate private equity stack—from sourcing and underwriting to deal execution and asset management—inside a lean, entrepreneurial environment.
As an Analyst / Associate, you will work directly with the Partners and broader team to evaluate investments, support due diligence, and help manage active deals. They will also play a key role in scaling internal systems, data infrastructure, and decision-making processes as the platform grows.
Responsibilities
- Serve as a key part of the tight-knit investment team — directly supporting acquisitions, preferred equity, and recapitalization transactions
- Conduct market research and thematic deep dives across logistics, multifamily, and BTR residential sectors
- Build, analyze, and stress-test financial models — including returns analysis, waterfall structures, and capital stack optimization
- Prepare investment committee materials and memos for internal review
- Assist in asset management activities, including monitoring asset performance, tracking KPIs, and supporting value creation initiatives
- Work directly with brokers, operating partners, and external stakeholders to diligence deals and manage execution
- Help shape and evolve internal systems and processes — including underwriting templates, CRM tooling (DealCloud), and tech integrations
- Attend industry events and support relationship-building efforts across the institutional investor and operator ecosystems
Qualifications
1–3 years of experience in real estate private equity, investment banking (ideally real estate coverage), or a similar analytical roleDeep familiarity with financial modeling, real estate valuation, and transaction structuringProficient in Excel, PowerPoint, and financial modeling (Argus experience is a plus)Strong communication skills — able to articulate ideas clearly both in writing and in meetings with partners, LPs, and operatorsComfortable juggling multiple live workstreams and delivering high-quality work on tight timelinesEntrepreneurial mindset — resourceful, self-directed, and solutions-orientedBachelor’s degree from a top academic institution, preferably with a focus in finance, economics, real estate, or a related fieldBonus : Experience with Salesforce, DealCloud, or other platforms used for CRM and internal opsBonus : Interest in AI, data-driven underwriting, or proptech innovationCulture Fit & Impact
New York-basedA resourceful, self-starting, and entrepreneurial personality with a strong business sense and work ethic, who can work both independently and in a collaborative cultureTransparent, open communicator with well-rounded interpersonal capabilities to build rapport and work effectivelyExcellent communication skills, instilling confidence and capable of explaining complex issues with clarity and sophisticationPossesses a strong set of personal business values that coincide with that of the firmAbility to balance a high level of personal motivation and a hands-on approach with a focus on the shared success of the firm and its investorsHigh degree of intellectual curiosity; constantly seeking the creation of business valueUnquestioned integrity, moral character, and solid business judgmentPrioritizes getting along with others, completing work with a positive, energetic attitude, and having fun while working with a small, tight-knit group who really enjoy what they are doing day-to-dayCompetitive salary and performance-based bonusComprehensive health insurance for employees and their familiesPTO and paid holidaysAccess to mentorship, industry events, and professional development opportunitiesHigh-exposure role with direct access to Partners, LPs, and operating partnersIn-person team collaboration in the NYC office — plus periodic offsites and site visitsA tight-knit, ambitious culture with a focus on impact, velocity, and ownership$100-150K base with discretionary bonusJoin the team and contribute to the future of real estate private equity—combining institutional depth, modern tech, and a relentless drive to capture opportunities in a changing market.
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