Emily Jonsson

Emily Jonsson is an Associate of Technical Staff at Apers, where she works at the intersection of asset pricing theory, computational modeling, and institutional commercial real estate.

Her work spans the full underwriting lifecycle — from deal screening and financial structuring to factor exposure analysis across multifamily, industrial, retail, office, and specialty asset classes. She has contributed to the development of over 20 production financial models used by institutional investors, including acquisition underwriting templates, ground-up development pro formas, construction-to-perm structures, multi-class equity waterfalls, and tax credit vehicles such as LIHTC.

Emily co-authored Apers' research on XL-2, a framework for spreadsheet-native intelligence in financial modeling, and contributed to the development of AUReM, an open-source evaluation framework for AI-assisted real estate analysis. Her research interests include autonomous capital allocation systems, contractual structure extraction, and factor loading computation from deal-level data.

She works directly with the Apers founding team on the firm's long-term research agenda, which spans applied asset pricing, market intelligence, and the development of systematic approaches to real asset investment decision-making.

Emily's writing focuses on applied methodology, translating institutional-grade underwriting concepts into accessible frameworks for practitioners navigating increasingly complex deal structures.

Topics

Acquisition underwriting, ground-up development pro formas, construction-to-perm financing, multi-class equity waterfalls, LIHTC and tax credit structures, factor loading computation, asset pricing theory, AI-assisted real estate analysis.