The Robert Toigo Foundation

Assistant Portfolio Manager

Penwood Real Estate Investment Management
May 16, 2022
75 Isham Rd, Suite 420, West Hartford, CT
Job Type
West Hartford
  • Connecticut


About Penwood Real Estate Investment Management, LLC

Penwood is an entrepreneurial real estate investment advisory group and Registered Investment Adviser focused on the institutional investor market. The company was formed in 2003 and is headquartered in West Hartford, CT, with a regional office in Iselin, NJ. Penwood provides a national real estate perspective, disciplined management process, and experienced investment management. The company is focused on value-added re-leasing, rehabilitation, redevelopment, and development of industrial investments. Penwood is an Equal Opportunity/Affirmative Action Employer and is committed to diversity in its workforce. Penwood recruits, employs, trains, compensates, and promotes regardless of race, religion, color, national origin, sex, disability, age, veteran status, and other protected status as required by applicable law.

We are currently seeking an Assistant Portfolio Manager to join the company in our West Hartford, CT office.

Characteristics of the Candidate: The Assistant Portfolio Manager will be a key member of the team and work directly with the company’s Head of Portfolio Management. The candidate should be self-motivated, organized, analytical, proactive, versatile, and thrive in a fast-paced and dynamic environment.


The Assistant Portfolio Manager will support the Portfolio Management team to direct strategy implementation for each managed investment vehicle. In that role, the Assistant Portfolio Manager will provide portfolio analytics, work diligently to improve overall fund performance, support regulatory compliance efforts, monitor implementation of sustainability programs, assist in capital-raising, support investor relations, and coordinate quarterly reporting.

The primary responsibilities include:

Portfolio Analysis

• Work with Accounting and Asset Management to provide forecasts for each portfolio.

• Critically evaluate property performance data across multiple variables to create an analysis of asset and fund-level performance.

• Maintain portfolio and fund-level performance metrics.

• Track and analyze asset and fund information and investor performance for company investment funds, including internal rate of return, time-weighted returns, and other performance metrics.

• Compile and maintain databases on economic, demographic, and comparable trends for the company’s target markets.

Investor Relations, Capital Raising, and Reporting

• Coordinate with the technology team to maintain and update the company website, including the investor portal.

• Assist in executing investor and Advisory Committee meetings through the preparation of investment materials, financial analyses, and meeting logistics.

• Assist with the preparation of quarterly and annual client reports, including fund and portfolio updates, individual asset summaries, and market research.

• Prepare marketing-related materials for investors and prospective investors, including corporate overviews, fund updates, and marketing materials.

• Prepare materials for ongoing investor correspondence and performance analysis, including client calls, quarterly investor questionnaires, and data requests such as realized returns, projected cash flows, and historical performance.

Portfolio Management

• Work with the Head of Portfolio Management to help inform transaction decisions and implementation.

• Work with Asset Management with respect to business plan execution and collection of information to articulate strategy and status internally and externally to investors.

• Provide ad-hoc support for investment activity pipeline, property development and sustainability analysis, investor requests, and portfolio risk assessments.

• Facilitate various fund projects, and prepare ad-hoc analysis and management reports.

• Prepare portfolio performance analyses relative to investment objectives and benchmark indices.

• Assist the Head of Portfolio Management in the overall management of the Fund business.

Desired Qualifications/Experience

Candidates must have a BA with experience in commercial real estate fund management. An advanced degree and/or professional designation is helpful but not required. The successful candidate should have a minimum of five years of experience in commercial real estate investment.

Skills and Competencies:

• A passion for real estate investment.

• Excellent written and verbal communication skills.

• Overall knowledge and understanding of institutional investment in real estate.

• Experience in portfolio management, asset management, capital markets, or acquisitions is essential for this position.

• High level of competence in financial modeling utilizing ARGUS and Excel software.

• Proficiency in computer applications skills including working knowledge of Microsoft Word and PowerPoint.

• Should be curious, creative, analytic, and a numbers-oriented thinker.

• Ability to work seamlessly on multiple projects and tasks.

• Team-oriented and willing to perform tasks outside his or her primary job description.

• Self-motivated and energetic.

Compensation: Penwood offers a competitive salary with a bonus based on the candidate's experience and capabilities. All employees are offered a comprehensive benefits plan including a 401(k) retirement plan with a company match, medical and dental benefits, short and long-term disability, paid sick time, maternity and paternity leave, vacation, and personal days off.

Any applicant selected for this position will be required to submit to an extensive background screening, drug screening, and a credit check. Failure to comply will eliminate an applicant from consideration for this position. Any negative information obtained as a result of the background screening may result in the disqualification of the applicant from this and any other position in Penwood. All candidates must be authorized to work in the United States.


Please submit cover letter, resume, and any other relevant information to

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