Bluecore Residential (formerly Mount Auburn Multifamily/Bluestone Properties) is a private multifamily real estate investment firm founded in 2004. We've manage over 16,000 multifamily units across high-growth markets nationwide and were the largest seller of multifamily properties in the U.S. in 2022, consistently achieving deal-level IRRs exceeding 30%.

With the launch of our new pension fund partnership and dedicated acquisition fund, we are expanding our pipeline of preferred equity investments and acquisitions, with a primary focus on Class A multifamily assets in the Sunbelt. Our long-term vision is to deploy over $10B in capital over the next 7-10 years and scale the platform to 40,000-50,000 units.

The Investment Associate will function as the primary execution lead across acquisitions and preferred equity investments. The role sits at the center of the investment process, ensuring all analysis, materials, and workflows are accurate, timely, and decision-ready.

This individual will:

Manage analysts
Own underwriting quality
Lead investment committee materials
Coordinate deal execution from initial screening through closing

What Makes This Role Unique:

Direct exposure to senior investment leadership
Ownership of investment committee materials and deal execution
Central role in scaling a high-growth multifamily investment platform
Broad exposure across acquisitions, credit, and capital structuring
Opportunity to build and institutionalize processes and systems

Key Responsibilities:

Underwriting & Quality Control

Oversee all financial modeling and underwriting across acquisitions and preferred equity investments
Review and validate analyst work, including:
- cash flow models
- rent and expense assumptions
- capital structures and return metrics
Ensure consistency with firm underwriting standards and investment guardrails
Run sensitivities, downside scenarios, and risk analysis

Investment Committee & Materials

Lead preparation of all investment committee memoranda and presentations
Translate complex analysis into clear, decision-ready materials
Ensure all assumptions are well-supported and defensible
Coordinate internal review and revisions prior to IC

Deal Flow Management

Manage pipeline across acquisitions and credit investments
Track all active deals, timelines, and key milestones
Coordinate across originators, analysts, and third parties
Ensure deals move efficiently from screening through closing

Analyst Oversight & Development

Directly manage and mentor analysts
Assign workload and enforce timelines
Maintain quality control across all work product
Train analysts on underwriting standards and investment framework

Ad Hoc Analysis & Strategic Work

Conduct deep dives on:
- markets and submarkets
- supply and demand dynamics
- portfolio performance
- capital structure strategies
Support senior leadership on strategy, investor materials, and new initiatives

Transaction Execution

Support all phases of deal execution, including:
- due diligence coordination
- lender and partner interactions
- closing processes

What Success Looks Like

All deals are fully underwritten, accurate, and IC-ready without rework
Investment materials are clear, concise, and decision-driven
Analysts are efficient, productive, and well-managed
Deal flow moves quickly with no breakdowns
Senior leadership can rely on this role as a single point of execution control

Requirements

Bachelor's Degree in Finance, Economics, Accounting, Business or related field
You have at three-seven years of experience in multifamily real estate finance, specifically real estate private equity, multifamily acquisitions, real estate investment banking and credit/preferred equity investing.
You have at least three years of experience underwriting multifamily acquisitions
Strong understanding of: IRR, equity multiples, and yield metrics, multifamily operating fundamentals and capital structures (debt and equity)
Experience preparing investment committee materials
You have advanced computer skills; including Word, Excel and Adobe Acrobat.
You have excellent interpersonal and communication skills
You have high accountability, an extreme attention to detail, problem solving ability, and ability to operate with urgency

Benefits

Competitive Salary- The salary for this position will be determined based on the candidate's total relevant experience. Relevant experience would be 3-7 years underwriting multifamily acquisitions.

Performance Bonuses- Our corporate team participates in performance-based bonuses.

Paid Time Off- Unlimited DTO starting upon hire.

Mentorship- Work with an experienced team of multifamily investment professionals.

Holiday Pay- 10 full paid holiday.

Paid Volunteer Hours- 8 hours of paid volunteer time you can use throughout the year.

Housing Discounts- 25% off rent available for all employees off any unit.

Comprehensive Insurance Benefits- Medical PPO, HDHP, FSA, HSA with employer match

Dental, Vision, STD, & LTD.

Retirement Plan- 401K with a 25% company match up to 6%.

Travel & Personal Discounts- Company rate National/Enterprise rental cars for leisure travel, plus additional discounts with Verizon (18% discount) and Expedia (10% discount).

Certification Reimbursement- Full reimbursement for approved industry related certifications, including CAM, CPO, EPA, and more!

Tech Forward & Transparent Culture- Innovative internal software to make your job easier!

Cultural Appeal- We run on transparency and healthy debate (No Fear of Conflict); you are encouraged to appeal and share what is not working well. Your voice truly matters!

EOE

Bluecore Residential

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