VC Associate @ 11North Partners in New York City, NY

11North Partners is a performance-driven investment firm focused on real estate, private credit, and alternative asset strategies, focused on Retail Real Estate. We combine disciplined underwriting, data-driven portfolio management, and active operational oversight to deliver strong risk-adjusted returns for our investors. Our team values analytical rigor, accountability, and an entrepreneurial mindset, with investment decisions grounded in fundamental analysis, financial modeling, and ongoing portfolio monitoring.

Overview:

11North Partners is seeking a highly motivated Investment Analyst to join our dynamic and entrepreneurial Investment team. This individual will play a critical role in supporting the sourcing, underwriting, and execution of real estate investment opportunities across multiple asset classes. The ideal candidate thrives in a fast-paced, performance-driven environment and demonstrates exceptional analytical rigor, intellectual curiosity, and a passion for investing.

Key Responsibilities

• Lead the financial underwriting and evaluation of acquisition and development opportunities, including construction and maintenance of detailed Argus Enterprise and Excel-based models incorporating DCF, IRR/equity multiple analysis, waterfall structures, debt sizing, and scenario-based sensitivity analyses.
• Evaluate investment opportunities through comprehensive cash flow analysis, market research, and risk assessment to support investment committee decision-making.
• Develop independent perspectives on market rents, tenant demand, absorption, operating assumptions, and valuation trends through direct engagement with brokers, owners, lenders, tenants, and other market participants.
• Lead transaction due diligence efforts, including review of leases, operating statements, property-level financials, third-party reports, legal documentation, and tenant credit.
• Coordinate transaction execution processes across legal, financing, accounting, operational, and third-party diligence teams to support efficient closings.
• Prepare investment memoranda, underwriting summaries, and committee presentations that clearly articulate investment thesis, business plan execution strategy, key risks, and projected returns.
• Assess capital structures and financing alternatives, including senior debt, mezzanine financing, preferred equity, and joint venture structures.
• Track market dynamics, retail sector trends, comparable transaction activity, and capital markets conditions to sharpen investment judgment and sourcing initiatives.
• Support acquisition sourcing efforts by maintaining active relationships with brokers, owners, lenders, and other industry participants.
• Analyze property operating performance, including revenue trends, expense assumptions, capital expenditure requirements, lease rollover exposure, and tenant credit quality.
• Assist in asset-level financing, refinancing, recapitalization, and disposition activities as needed.
• Participate actively in investment committee discussions and collaborate closely with senior leadership on portfolio strategy and execution initiatives.
• Position will offer increasing leadership responsibility over underwriting processes and junior team workflows as the investment platform grows.

Qualifications

• Bachelor’s degree in Finance, Real Estate, Economics, or related field required. Strong academic credentials are expected.
• 3+ years of experience in real estate private equity, acquisitions, investment banking, commercial brokerage, or a related institutional investment environment with direct exposure to commercial real estate transactions.
• Advanced financial modeling and underwriting skills required, including experience building complex, auditable acquisition and development models from scratch.
• Proficiency in Argus Enterprise and Microsoft Excel required.
• Strong understanding of commercial real estate valuation methodologies, capital structures, joint venture economics, and debt markets.
• Direct experience underwriting retail, mixed-use, or commercial real estate investments strongly preferred.
• Demonstrated ability to manage multiple live transactions and workstreams in a fast-paced, deadline-driven environment.
• Strong commercial judgment, intellectual curiosity, attention to detail, and ownership mentality.
• Excellent written and verbal communication skills, with the ability to synthesize complex analysis into clear and compelling investment recommendations.
• High level of professionalism, integrity, and execution capability expected.

Compensation

• Base salary range of $150,000 to $175,000, commensurate with experience.
• Total compensation includes a discretionary performance-based bonus.
• Comprehensive benefits package including medical, dental, vision, and 401(k).

Culture & Environment:

At 11North Partners, we foster a collaborative, high-performance culture where every team member’s voice is valued. You’ll be working alongside a group of smart, driven, and supportive professionals who are passionate about investment strategy and long-term success. This is a high-intensity, high-reward opportunity for candidates who want to be surrounded by top talent and gain exposure to institutional-quality deals. We operate with a sense of urgency, intellectual rigor, and entrepreneurial energy — and expect the same from every team member.

Benefits:

• Competitive compensation package
• Annual target bonus
• Medical insurance
• Dental insurance
• Vision insurance
• 401(k) plan