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Noah AhdootMy Resume
USC Real Estate Development ’29New York  ⇄  Los Angeles

NoahAhdoot.

Real estate finance& development.

Noah Ahdoot in a navy suit and blue tie, outdoors in a garden
Study
B.S. Real Estate Development, USC
Graduating
May 2029
Based
New York, NY
Status
Open to summer 2027 and 2028 internships

Real estate development student at USC, focused on the finance side of the business. My experience spans underwriting, asset management, and development budgets across multifamily and commercial real estate in the New York area.

Email meRun my modelLinkedIn

01Track record

Deals, debt,and development.

Underwriting and financing deals, managing what's owned, tying construction budgets back to the model, and building the tools that take out the manual work. Each exhibit pairs real figures with an illustration of how the work is done.

Exhibit 01Illustrative figures
LEVERED IRRone assumption flexed at a timeDOWNSIDEUPSIDE8%11%14%17%20%Exit cap rate± 50 bps10.6%17.9%Rent growth± 100 bps11.8%16.3%Construction cost± 10%12.1%15.8%BASE 14.0%MODELS BUILT01020304055 active opportunities

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Underwriting & financing.

Modeling what a deal is worth.

5active acquisition and development opportunities underwritten

  • Underwrote five active acquisition and development opportunities, building levered cash flow models with sensitivity analysis across rent growth, exit cap rate, and construction cost assumptions to support ownership.
  • Supported due diligence and site-level analysis for 701 Newark Avenue, a 35-story, 360-unit multifamily development in Jersey City, coordinating workstreams across investment, design, and construction teams.
  • Supported a $7M refinancing of a 20-unit twin building Queens multifamily asset, tracking lender diligence requests and coordinating document delivery across ownership and the lender.
Run a returns modelSize a loan
Exhibit 02Schematic, one square per unit
RENT ROLL · MONTHLY CLOSERECONCILEDB0115uB0218uB0315uB0421uB0515uB0618uB0715uB0812uB0918uB1021uB1115uB1218uB1315uB1418uB1521uB1618uB1715uB1818u18 BUILDINGS · 300+ UNITS · MANHATTAN

022 of 5

Asset management.

Keeping a portfolio honest.

300+unit Manhattan portfolio across 18 buildings

  • Reconciled monthly rent rolls across an 18 building, 300+ unit Manhattan portfolio, tracking in-place rents, vacancy, and tenant delinquency to support ownership and manage renewal pricing decisions.
  • Led capital improvement oversight across the portfolio, tracking vendor scopes and project timelines against budget and escalating variances to ownership.
Exhibit 03Illustrative figures
FAÇADE PACKAGE · $100M+ CLASS A COMMERCIAL OFFICEBUDGETACTUALOVER BUDGETSupplier AMATERIAL−4.0%Supplier ALABOR+8.3%Supplier BFABRICATION−3.4%Supplier BLABOR+5.6%Supplier CINSTALLATION−4.5%ESTIMATES · 6 PROJECTSP1P2P3P4P5P6INSTALLATION

033 of 5

Project finance.

Tying construction costs to the underwriting.

$100M+Class A commercial office tower

  • Coordinated façade fabrication and installation sequencing for a $100M+ Class A commercial office tower, tracking material and labor costs against budget across various suppliers.
  • Supported façade cost estimating used in development budgets for six active projects, connecting fabrication level pricing to project level underwriting assumptions.
Exhibit 04Schematic
TRDEAIWORKFLOWBY SECTOR · MONTHLY4 HRS / WEEKLINE BY LINE→ AUTOMATED

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Automation.

Then I build the tool.

4 hrsline-by-line reconciliation process replaced each week

  • Built and deployed firm-wide AI workflows converting Turkish and German bank statements into monthly, sector-level cost breakdowns, replacing a four-hour line-by-line reconciliation process each week.
Exhibit 05Sample package · figures invented
SUBMITTED VS. LEVELEDSUBMITTEDLEVELINGHarbourlineGLASS & METAL$825,450+$50,500 OF EXCLUDED SCOPE PRICED BACK IN6 LINES UNANSWEREDCrescentCURTAINWALL$812,400LOWEST LEVELED BID3 LINES UNANSWEREDDelmarARCH. GLAZING$903,1001 LINE UNANSWEREDSpread after leveling: $90,700 across three bidsTHE LOWEST SUBMITTED BID IS NOT THE LOWEST ONCE SCOPE MATCHES

055 of 5

LevelBid.

Software I built, and sell to general contractors.

Up to 5competing proposals leveled in minutes, not hours

  • LevelBid is my own product, built end to end and sold to general contractors as a subscription.
  • Leveling competing subcontractor proposals by hand takes an estimator hours: five PDFs, five sets of headings, and the exclusions buried in the fine print. LevelBid reads them, normalizes the scope, flags every exclusion and qualification, and lays the pricing side by side in minutes.
  • Every material finding cites the page and the language it came from, and nothing is scored or ranked. Deciding who gets the work stays with the estimator.
See the sample packageAsk about access

02The model

Don’t take my word for it.Run the numbers.

Stripped-down versions of the models I build: levered returns on an acquisition, and how a lender sizes the loan against them. Move any assumption and everything recalculates in your browser.

Levered IRR
7.6%
Equity multiple
1.42x
Year-one DSCR
1.24x
Max loan
$7.15M
Open the model Or size a loan

Base case on a hypothetical 24-unit walk-up · not investment advice

03Resume

On paper.

The record in short. The work itself is up in the track record, and the full resume is a click away.

EducationExpected May 2029

Los Angeles, CA

University of Southern California

B.S. Real Estate Development

GPA
3.75 / 4.0
Honors and awards
Jewish Community Leadership Scholar ($50,000 grant) · Dean’s List Scholar
Relevant coursework
Financial Accounting, Statistics for Finance, Real Estate Career Seminar

Work experience3

  1. May 2026 – August 2026

    New York, NY

    Lions Group

    Multifamily Development and Acquisitions Analyst

  2. May 2026 – July 2026

    New York, NY

    ALU Group USA

    Project Financing Intern

  3. June 2024 – August 2025

    Great Neck, NY

    Allied Realty and Development Corporation

    Asset Management Intern

Leadership & extracurricular activities2

  1. February 2026 – Present

    Los Angeles, CA

    Marshall Real Estate Finance Association (MREFA)

    • Selected to USC’s premier competitive real estate finance organization; complete technical workshops in underwriting, capital markets, and case-based investment analysis alongside private equity, lending, and development professionals.
    • Working directly with industry professionals and mentoring students on commercial real estate underwriting and modeling.

  2. September 2025 – September 2026

    Los Angeles, CA

    TAMID Group

    • Served as a fund analyst for TAMID Group at USC, building valuation models and pitching equity investment recommendations to a student managed fund.
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