---
title: 'Investment Associate at Adi Development Group'
canonical: 'https://feeny.ai/job/investment-associate-adi-development-group-burlington-jp4nm1hj932f'
type: 'job'
last_seen: '2026-09-07'
---

# Investment Associate at Adi Development Group

- **Company:** Adi Development Group
- **Location:** Burlington, Canada
- **Compensation:** $95k–$120k
- **Employment:** full-time
- **Work type:** hybrid
- **Posted:** 2026-07-28
- **Last confirmed live:** 2026-09-07
- **Apply:** https://jobs.lever.co/adidevelopments/82009647-0670-4913-97f5-5fd59d03bf79

## Job description

ADI Development Group is a vertically integrated Canadian real estate developer and investment manager based in the Greater Toronto Area. With an established track record across Canadian markets, ADI develops, builds, and manages institutional-quality multi-unit residential communities, with a current focus on affordable rental development at scale. The platform brings development, construction, and property management capabilities together under one roof.

We are seeking an Associate to join the Investments team, with end-to-end responsibility for underwriting, structuring, and execution across the firm's acquisition and development activities. Reporting to the VP of Investments, the Associate will lead financial modeling and diligence on new opportunities, contribute to investment decisions through Investment Committee, and partner with senior leadership on capital formation and lender relationships. The position is intended for a candidate who assumes full ownership of the underwriting function and brings rigor, intellectual curiosity, and disciplined commercial judgment to every transaction.

## What You'll Do

- Lead financial modeling and underwriting for acquisitions, ground-up development, and value-add multifamily across the GTA
- Lead underwriting on new opportunities — sources & uses, development budgets, lease-up assumptions, debt sizing, waterfall structures, and LP/GP returns — and present recommendations to the Investment Committee
- Manage the deal pipeline and lead preliminary investment screens to filter opportunities before full underwriting
- Lead third-party due diligence and project reporting workstreams — including appraisals, cost consultant reports, first draw reports, and market studies — through closing and into construction
- Structure and model joint venture waterfalls, promote structures, and partner economics, working alongside legal counsel on key deal documents
- Own monthly cost-to-date (CTD) and cost-to-complete (CTC) model updates across the active development portfolio, partnering with construction and project management teams to validate actuals, reforecast remaining spend, and flag variances to budget
- Partner with senior leadership on capital raising and LP fundraising, producing model outputs, return scenarios, track records, and analytical content for PPMs, teasers, IC decks, and DDQ responses; participate in LP meetings as required
- Lead debt raising and financing workstreams, including construction loan sizing, refinancing analysis, lender models, covenant testing, and term sheet negotiation support across senior, mezzanine, and CMHC-insured structures
- Run sensitivity and scenario analyses to stress-test investment theses
- Author Investment Committee memos and present transactions to IC; contribute to LP reporting, fundraising materials, and ODD responses
- Conduct market research and comparable analysis across our active jurisdictions
- Partner with development, construction, and property management teams to validate inputs and ground-truth assumptions
- Contribute to the development of the firm's underwriting standards and templates

## What We're Looking For

- 3–6 years of experience in real estate private equity, real estate development, or real estate investment banking, with direct exposure to ground-up development underwriting
- Development underwriting and modeling experience is required; multifamily experience strongly preferred
- Hands-on experience with CTD/CTC reforecasting and development cost tracking is a strong asset
- Advanced Excel and financial modeling skills — you can build a model from a blank sheet, not just plug into a template
- MBA from a recognized program required
- CAIA and/or CFA designation preferred
- Bachelor's degree in finance, real estate, economics, or related field
- Demonstrated ability to leverage AI tools and embed AI into modeling and analytical workflows to drive productivity is required
- Demonstrated ability to lead transactions independently and present to senior leadership and external stakeholders, including LPs, lenders, and JV partners
- A genuine self-starter who identifies issues independently, drives them to resolution, and does not require direction to move work forward
- A track record of forming and defending a point of view — we expect the Associate to bring recommendations to the table, not just outputs, and to back them with sound analysis
- Demonstrated ownership mentality — treats the underwriting function as their own and consistently goes beyond the brief to pressure-test assumptions and improve the work product
- Comfortable operating with limited oversight in a team environment, working cross-functionally across departments, and proactive in flagging risks, gaps, and opportunities to senior leadership
- Strong written and verbal communication — IC memos, LP communications, and lender presentations are central to the role

Why Adi?

You'll work directly with senior leadership on a platform pursuing one of the most important investment theses in North America: affordable rental housing at scale. The role offers genuine deal ownership, direct exposure to institutional capital partners and lenders, and a defined development path 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!

Adi Development Group is committed to fostering an inclusive, accessible environment where all employees and customers feel valued, respected and supported. We build teams that reflect the diversity of the communities we serve, and we hire based on merit and the principle of equity in employment. We welcome applications from all qualified individuals. Upon request, accommodation will be provided during the recruitment process to ensure equal access for applicants with disabilities. If you are selected for an interview and require accommodation, please inform Human Resources.

## About Adi Development Group

## Company Overview
- **One-liner**: Adi Development Group is a privately held real estate developer building luxury residential communities, commercial properties, and mixed-use developments across the Greater Toronto Area (GTA).
- **Entity Type**: Private (Privately Held)
- **Headquarters**: Burlington, Ontario, Canada
- **Founded**: 2007
- **Founders/Key Leadership**: Tariq Ethan Adi (Chief Executive Officer), Saud Adi (Chief Operating Officer)

## Core Business
- **Primary Industry**: Real estate development and investment — spanning residential, commercial, and hospitality properties.
- **Target Customers**: B2C (homebuyers and residents) and B2B (investment partners, commercial tenants, and institutional collaborators).
- **Mission**: "To be recognized as the premier name in real estate, delivering exceptional service in every community we build." The company’s stated purpose is "to build exceptional forward-thinking, sustainable residential communities and commercial working environments by partnering only with those who share our quest for excellence."

## Products & Services
- **Residential Communities**: Luxury, forward-thinking residential developments with open-concept layouts, sustainable materials, and quality-driven design (marketed under their **IntelliSpace** design philosophy and **AdiGreenVision** sustainability standard).
- **Commercial Properties**: Retail, office, and mixed-use developments across Southern Ontario, with a focus on prime locations and long-term value creation.
- **Real Estate Investment Partnerships**: End-to-end development investment opportunities — from land acquisition and planning through construction and property management — offering partners capital preservation, accountability, and focused growth strategies.
- **Development Management Services**: In-house expertise across planning, design, construction, and property management, making the company vertically integrated through the full development lifecycle.

## Market Standing
- **Valuation**: Not disclosed (private company).
- **Key Metric**: Reported annual revenue of approximately **USD $1.39M** (third-party estimate; note this likely represents an operating figure rather than total project asset value).
- **Notable Recognition**: Named one of the **Top 10 Growing Companies in 2019 by The Globe and Mail**; claims the title of fastest-growing real estate developer in the GTA.
- **Workforce**: Approximately **28 employees** (majority based in Canada), with a project management-heavy organizational structure and active hiring across investment, development, and administrative roles.
- **Growth Signals**: Currently recruiting for multiple roles (Analyst/Associate Investments, Junior Land Development Associate, etc.), with published salary bands of **$85K–$120K** for investment roles; ongoing expansion across residential, commercial, and mixed-use projects in the GTA.

## Competitive Advantages
- **Vertically Integrated Model**: The company controls the full chain — real estate investment, planning, design, construction, and management — enabling tighter quality assurance and faster decision-making.
- **Design & Sustainability Differentiation**: Proprietary platforms **IntelliSpace** (functional, forward-looking design) and **AdiGreenVision** (energy-efficient, planet-friendly building standards) help differentiate its communities from typical GTA developments.
- **Strong GTA Land Position**: The company emphasizes securing exceptional locations with high intrinsic value before development begins, a strategy cited as foundational to its growth.
- **Private, Founder-Led Culture**: As a founder-led private firm, leadership is accessible and decisions are made quickly — an advantage over institutionalized public competitors.

## Strategic Focus
- **GTA Expansion**: Continuing aggressive development of residential and commercial projects across the Greater Toronto Area.
- **Sustainability Leadership**: Embedding **AdiGreenVision** environmental standards into every new build — energy conservation, waste reduction, and healthier living/working environments.
- **Investor Partnerships**: Growing its investment arm to maximize returns for partners through accountability, capital preservation, and focused growth strategies.
- **Mixed-Use & Commercial Growth**: Expanding beyond residential into retail, office, and hospitality-mixed communities in Southern Ontario.

## Why Work Here
- **Culture & Environment**: Employee reviews highlight a positive, collaborative work environment with open-door leadership, accessible owners, and a diverse/inclusive culture. Management is described as attentive and present in day-to-day activities.
- **Work Arrangements**: **Hybrid work options** are available for certain roles (e.g., Analyst, Investments) alongside on-site positions; the company supports flexible work for qualified positions.
- **Growth & Advancement**: Multiple employee reviews describe the organization as rapidly growing with significant internal advancement opportunities — "If you're willing to work hard and get your work done, this is a great place and you will grow quickly in your career and compensation." The company also sponsors intern development with regular structured feedback.
- **Compensation & Perks**: Competitive market-rate salaries (published ranges: $55K–$70K for Junior Land Development Associate, $85K–$110K for Analyst Investments, $95K–$120K for Associate Investments) plus benefits, paid time off, and perks described by staff as "over and above industry standard."
- **Modern Hiring Process**: The company uses AI-assisted recruitment tools to support resume screening and assessment, but confirms that **final hiring decisions are made by humans**.
- **Employee Feedback Loop**: The company publicly responds to reviews — including negative ones — inviting direct feedback to hr@adidevelopments.com, signaling a willingness to address workplace concerns.

## Sources
1. [adidevelopments.com (Careers)](https://adidevelopments.com/careers/)
2. [linkedin.com (Adi Development Group Company Page)](https://linkedin.com/company/adi-development-group)
3. [adidevelopments.com (About)](https://adidevelopments.com/about/)
4. [jobs.lever.co (Adi Development Group Open Roles)](https://jobs.lever.co/adidevelopments)
5. [ca.indeed.com (Adi Development Group Reviews)](https://ca.indeed.com/cmp/Adi-Development-Group/reviews)

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