Analyst, Investments

What You'll Do

Build and maintain financial models for acquisitions, ground-up development, and value-add multifamily across Canadian and US markets
Support underwriting on new opportunities — sources & uses, development budgets, lease-up assumptions, debt sizing, waterfall mechanics, and LP/GP returns
Maintain the deal pipeline tracker and prepare preliminary screens for review by senior team members
Coordinate and synthesize third-party due diligence and project reporting — including appraisals, cost consultant reports, first draw reports, and market studies
Build and update joint venture waterfall and partner economic models under the direction of senior team members
Maintain monthly cost-to-date (CTD) and cost-to-complete (CTC) model updates across the active development portfolio, working with construction and project management teams to capture actuals and flag variances
Prepare model outputs, return scenarios, and analytical content to support capital raising and LP fundraising materials
Prepare lender models, covenant testing schedules, and term sheet comparison analyses to support debt raising and financing workstreams
Run sensitivity and scenario analyses to support investment theses
Draft sections of Investment Committee memos and prepare supporting exhibits and analyses
Conduct market research and comparable analysis across our active jurisdictions
Partner with development, construction, and property management teams to gather inputs and validate assumptions

What We're Looking For

2–4 years of experience in real estate private equity, real estate development, real estate investment banking, or a related analytical role
Exposure to development or multifamily underwriting strongly preferred
Bachelor's degree in finance, real estate, economics, or related field
CAIA and/or CFA candidate viewed favorably
Strong Excel and financial modeling fundamentals — comfortable building from a template and progressing toward building from scratch
Demonstrated ability to leverage AI tools and embed AI into modeling and analytical workflows to drive productivity is required
A genuine self-starter who takes initiative, asks the second and third questions, and drives tasks to completion without prompting
Demonstrated ownership mentality — takes pride in the quality of their work product and consistently goes beyond the brief
Comfortable working cross-functionally in a team environment and proactive in flagging issues to senior team members
Strong written communication — precision and attention to detail are essential

Why ADI

You'll work alongside senior leadership and the Investments team on a platform pursuing one of the most important investment theses in North America: affordable rental housing at scale. The role offers exceptional learning, exposure to live transactions across the deal lifecycle, and a clear path to Associate for a candidate who performs.


Learning & Development Reimbursement: Adi encourages team members to never stop learning and continuously improve.

Competitive Paid Time Off: Team members are provided with substantial paid vacation, wellness, and sick days annually.

Competitive Salaries: Adi regularly conducts compensation market reviews to ensure our total compensation package remains competitive.

Employee Home Ownership Program: Adians have the opportunity to live in the beautiful communities we create through our Employee Home Ownership Program. Eligible team members will receive a % discount off the total purchase price.

Comprehensive Benefits Plan: Adi provides all full-time team members and dependents with benefits coverage for dental, prescriptions, vision care, paramedical practitioners, life insurance and more

Flexible Health, Lifestyle & Wellness Personal Spending Account: Annual health, lifestyle & wellness spending accounts that can be used for fitness classes, gym memberships, family & pet needs, additional health benefits and more!