Acquisition Associate

Boundary Companies, founded in 2014, is a real estate private equity firm based in Bethesda, MD. The firm focuses on thoughtfully investing in, developing, and operating real estate throughout Washington, DC, Maryland, and Virginia. Boundary targets asset classes supported by long‑term secular tailwinds, with a disciplined, fundamentals‑driven investment approach. Boundary operates with a lean, entrepreneurial team where professionals are given early responsibility, direct exposure to senior leadership, and meaningful involvement across the full life cycle of investments, from acquisition through execution and disposition.

Boundary is seeking an Acquisitions Associate to support the firm’s investment activities across the DMV region. This role will be full‑time and in‑person at our Bethesda, MD office. The Associate will work closely with the Principals of the firm and play a central role in underwriting new acquisition opportunities, evaluating investment risks and returns, and supporting ongoing asset and portfolio management.

This role is ideal for a highly motivated, detail‑oriented professional who is seeking broad exposure to real estate private equity and wants to be actively involved in both transaction execution and post‑acquisition investment management within a small, hands‑on team. The position is particularly well suited for someone who aspires to build a full investment cycle skill set early in their career.

• Evaluate and underwrite acquisition and development opportunities across targeted asset classes, with a focus on cash flow modeling, return drivers, and downside risk.
• Build and maintain financial models, including detailed sources & uses, cash flow waterfalls, sensitivities, and scenario analyses.
• Prepare investment committee memos, presentations, and supporting analyses.
• Coordinate and execute due diligence, including review of leases, operating statements, budgets, and third‑party consulting reports.
• Support transaction execution from LOI through closing, including lender underwriting, equity coordination, and closing deliverables.
• Support execution of asset‑level business plans with a focus on driving returns through leasing strategy, capital allocation, and capital structure optimization.
• Analyze property‑level and portfolio‑level performance versus underwriting and budget; identify variances and clearly articulate implications to returns.
• Maintain and update asset‑level and portfolio‑level models; perform hold/sell/refinance analyses and support quarterly and annual valuations.
• Work closely with property managers, leasing brokers, and third‑party consultants to monitor operations and execute approved strategies.

• Prepare internal and external reporting for investors and lenders, including quarterly asset management and portfolio reports.
• Conduct market research, rent and sales comps, and competitive analyses to inform investment decisions and asset strategies.
• Track portfolio performance metrics and assist with fund‑and‑deal‑level analyses.

• Independently underwrite acquisition opportunities and clearly articulate investment merits, risks, and downside scenarios.
• Become a key contributor in investment committee discussions by demonstrating sound judgment, attention to detail, and strong grasp of market fundamentals.
• Take day‑to‑day ownership of assigned assets, including financial performance tracking, coordination with property managers and brokers, and execution of business plans.
• Proactively identify value‑enhancement opportunities through leasing strategies, expense management, capital projects, or refinancings.
• Build and maintain financial models that are used as decision‑making tools for acquisitions, holds, and dispositions.
• Develop strong working relationships with lenders, brokers, and consultants across the DMV region.

• 2–5 years of experience in real estate private equity, acquisitions, asset management, investment banking, or a related field.
• Bachelor’s degree in Finance, Real Estate, Business, Economics, or a related discipline.
• Strong financial…