Alumni Resume Book
Charlie Sherman · MBA · Bachelors '22
Personal Contact Information
4048637200 (phone)
shermc@wharton.upenn.edu
Associate
Amherst Holdings
5001 Plaza on the Lake #200
Austin, TX 78746
United States
Education
The Wharton School, University of Pennsylvania
Philadelphia, PA · 2020 – 2022
Master of Business Administration · Real Estate and Finance
- • Executive Board Member of Real Estate club; Member of P/E & V/C, Ski & Snowboard, Basketball, Hockey, and Food clubs
• MBA Summer Intern, Investments at Greystar (Charleston, SC)
• Part-Time MBA Intern at LSFR (Lennar Single Family Rental)
McIntire School of Commerce, University of Virginia
Charlottesville, VA · 2011 – 2015
Bachelor of Science in Commerce · Finance, Accounting, Real Estate
- • Pancakes for Parkinson’s Fundraising Committee Chair
Experience
Amherst Holdings
Austin, TX · 2022 - Current
Associate, Investments & Private Equity
- • Redesigned companywide single-family home acquisition strategy resulting in a more efficient balance sheet and new investment vehicles
• Managed off-market acquisition teams to improve operational efficiency and execute platform strategic initiatives
• Managed IC Memo creation and valuation of an ~$170M recapitalization of a build-to-rent development opportunity
The Carlyle Group
Washington, DC · 2017-2020
Associate & Sr. Associate, US Real Estate
- • Coordinated with three-person teams to manage over 16 multifamily and student housing properties and 3 single-family rental portfolios (~$1.7B capitalization) across two opportunistic funds and one core-plus fund
• Performed acquisition underwriting and due diligence support to guide management decisions on viability of potential investment opportunities
• Created and maintained financial DCF models and NPV valuations to benchmark individual deal performance monthly
• Produced quarterly reports to review with Fund Head and develop go forward business plans to maximize investment returns
• Created student housing pricing model resulting in increased year-over-year occupancy of ~10%
• Led calls with joint venture partners regarding strategic initiatives and best practices to optimize asset values
• Received an early promotion from Associate to Senior Associate after ~2 years
Amherst – Single Family Rental Portfolio
• Coordinated with three-person team to manage a portfolio of ~2,000 single family rental homes (~$525M total capitalization)
• Built framework to track deal performance for all future deals in single family rental sector, resulting in quadrupled investment size within 12 months and two new programmatic ventures
Elan Powers Ferry
• Executed acquisition underwriting and due diligence for a multifamily development in Atlanta, GA (~$62M total capitalization)
Cousins Properties
Atlanta, GA · 2015-2017
Analyst, Asset Management & Investments
- • Performed DCF and NPV financial modeling using Argus and Excel to value acquisition and development opportunities
• Provided asset management support and net effective rent analysis to market leaders to maximize building value
• Built and entrusted with strategic analysis model to determine if certain company operations were accretive
• Produced deliverables for the Board, CEO and COO, and internal investment committee
Professional Specialties
- Real Estate Finance
- Development
- Asset Management
- Acquisitions
Regions of Interest
- Mid-Atlantic USA
- Mid-Atlantic USA: Washington Metropolitan Area
- Northeast USA
- Northeast USA: Boston Metropolitan Area
- Northeast USA: New York Metropolitan Area
- Northeast USA: Philadelphia Metropolitan Area
- Southeast USA
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