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!