Capital Markets Associate

Reporting to: Chief Investment Officer Role overview: The Associate will support real estate acquisitions, development, and capital markets initiatives by leading core analytical workstreams, contributing to investment strategy, and preparing high-quality investment materials. Key responsibilities: Financial modeling and underwriting Take ownership of financial modeling for real estate acquisitions and development projects Create and manage underwriting models and support analysts in developing independent proformas Investment strategy: Lead defined components and analytical contributions to Merit's investment strategy under the direction of the CIO Investment and capital markets materials: Prepare high-quality investment committee and investor presentations with minimal supervision Provide guidance to analysts in assembling investment-related books, binders, and supporting materials Compile and manage investment-related documentation, including underwriting, capitalization, and diligence files Due diligence: Independently contribute to quantitative and qualitative due diligence for prospective investments Support the CIO and Capital Markets team in leading diligence processes, including organizing and managing diligence data rooms and documentation Market research: Maintain a strong understanding of real estate market dynamics Apply market insights to evaluate investment opportunities Sourcing and business development: Contribute to sourcing business development meetings Maintain or oversee documentation related to lender and investor outreach Pipeline management: Manage and update the investment pipeline database Provide regular pipeline updates to senior leadership Administrative support: Take meeting notes and assist with ad hoc projects as needed Experience requirements: 4 to 6 years of direct experience in real estate acquisitions, development, or investments Proven experience conducting quantitative (NOI, cash flow, ROI, IRR, equity multiple) and qualitative due diligence Direct experience with real estate investment waterfall structures across multiple property types Skills and professional requirements: Strong oral and written communication skills with ability to provide guidance to junior team members Ability to manage multiple priorities and deadlines effectively High level of discretion and confidentiality with sensitive projects Collaborative mindset with ability to work independently and within a team environment Highly organized, proactive, and detail-oriented Advanced analytical, problem-solving, and strategic-thinking capabilities

Created: 2026-03-04