Adi Capital Partners
real estate private equity, real estate development, or real estate investment banking
InvestmentAssociate
“Investment Associate at Adi Capital Partners. Skills: financial modeling, underwriting, real estate private equity, real estate development, real estate investment banking. Lead financial modeling and underwriting for acquisitions, ground-up development, and value-add multifamily across the GTA. Lead underwriting on new opportunities — sources & uses, development budgets, lease-up assumptions, debt sizing, waterfall structures, and LP/GP returns — and present recommendations to the Investment Co”
What You'll Achieve.
drive productivity; lead transactions independently; bring recommendations to the table, not just outputs; consistently goes beyond the brief to pressure-test assumptions and improve the work product; proactive in flagging risks, gaps, and opportunities to senior leadership
Industry & Context.
identifies issues independently, drives them to resolution; pressure-test assumptions; flagging risks, gaps, and opportunities
What They're Looking For.
Must Have
3–6 years of experience in real estate private equity, real estate development, or real estate investment banking, Development underwriting and modeling experience, Advanced Excel and financial modeling skills, MBA from a recognized program required, Bachelor's degree in finance, real estate, economics, or related field, Demonstrated ability to leverage AI tools and embed AI into modeling and analytical workflows to drive productivity is required, Demonstrated ability to lead transactions independently and present to senior leadership and external stakeholders, including LPs, lenders, and JV partners
Nice to Have
multifamily experience strongly preferred, CAIA and/or CFA designation preferred
What You'll Do.
Lead financial modeling and underwriting for acquisitions
ground-up development
and value-add multifamily across the GTA
Lead underwriting on new opportunities — sources & uses
and LP/GP returns — and present recommendations to the Investment Committee
Manage the deal pipeline and lead preliminary investment screens to filter opportunities before full underwriting
Lead third-party due diligence and project reporting workstreams — including appraisals
cost consultant reports
and market studies — through closing and into construction
Structure and model joint venture waterfalls
and partner economics
working alongside legal counsel on key deal documents
Own monthly cost-to-date (CTD) and cost-to-complete (CTC) model updates across the active development portfolio
partnering with construction and project management teams to validate actuals
reforecast remaining spend
and flag variances to budget
Partner with senior leadership on capital raising and LP fundraising
producing model outputs
and analytical content for PPMs
participate in LP meetings as required
Lead debt raising and financing workstreams
including construction loan sizing
and term sheet negotiation support across senior
and CMHC-insured structures
Run sensitivity and scenario analyses to stress-test investment theses
Author Investment Committee memos and present transactions to contribute to LP reporting
fundraising materials
Conduct market research and comparable analysis across our active jurisdictions
Partner with development
and property management teams to validate inputs and ground-truth assumptions
Contribute to the development of the firm's underwriting standards and templates
How You'll Work.
Team & Collaboration
working cross-functionally across departments; partnering with construction and project management teams; Partner with senior leadership; Partner with development, construction, and property management teams
Communication Scope
written and verbal communication; present recommendations to the Investment Committee; present transactions; present to senior leadership and external stakeholders, including LPs, lenders, and JV partners; IC memos; LP communications; lender presentations
Process & Methodology
Manage the deal pipeline, Lead third-party due diligence and project reporting workstreams
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