<aside> 🦙 Alpaca Real Estate

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<aside> ➡️ APPLY HERE

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About Alpaca Real Estate

Alpaca Real Estate (“ARE”) is an innovative real estate private equity platform based in New York and anchored by a group of prominent U.S. pension funds. Dan Carr (formerly Ares) & Peter Weiss (formerly Prospect Ridge / AllianceBernstein) co-founded the strategy. The firm leverages a tenured institutional investment team combined with Alpaca VC’s pedigree in innovation to execute an opportunistic real estate strategy. Investment focus is on residential and industrial asset classes and will be executed through distressed investments, recapitalizations, and structured development transactions.

Role and Scope

The intern candidate will work directly with both real estate partners as well as with investment associates and support staff across the organization.

• 50% = Investments. New deal focused, calls w/ sponsor, leading diligence, conducting market research and underwriting, drafting investment memos, sitting in on our investment team meetings;
• 25% = White paper / macro research. You will be responsible for one white paper, which will consist of either conducting an industry deep-dive in a sector OR developing a value-add climate and technology stack for an individual real estate asset class;
• 15% = LP Fundraising/IR support. We are in the market with a new fund and from time to time will be given projects related to answering questions for prospective LPs and helping buildout IR materials;
• 10% = Ops support. Miscellaneous day-to-day fund operations

This role will be based in New York City, with a portion of in-office time in ARE's Manhattan office preferred.

The Ideal Candidates For This Role Are

• Currently pursuing a graduate degree such as an MBA or a Master’s in Real Estate;
• Experienced in the real estate industry, such as real estate investment banking, private equity, development, or asset management;
• Comfortable underwriting real estate investments; and
• Willing to dedicate significant time and effort to the MBA Associate program
• Curious about innovation in the real estate industry;

We like to be upfront and inform candidates that our program is time-consuming and intense. We recommend that you do not have any major extracurriculars outside of Alpaca.

We offer a dynamic and collaborative work environment, the opportunity to gain valuable experience in the real estate, private equity, and VC industries, and limited compensation. There will also likely be an opportunity to extend your internship into the Summer—in fact, we prefer it (assuming we both enjoy working together).

Disclaimer: Alpaca Real Estate Management LLC is an affiliate of Alpaca VC Investment Management LLC, a U.S. Securities and Exchange Commission registered investment adviser. Alpaca Real Estate Management LLC is an equal opportunity employer that is committed to diversity and inclusion in the workplace. We prohibit discrimination and harassment of any kind based on race, color, sex, religion, sexual orientation, national origin, disability, genetic information, pregnancy, or any other protected characteristic as outlined by federal, state, or local laws.

Join our team and contribute to the future of real estate private equity—combining institutional depth, modern tech, and a relentless drive to capture opportunities in a changing market.

Please apply using the link at the top left of this page.