Our client, a leading real estate investment firm, is seeking to add a Development Associate, Real Estate Private Equity to join their growing team. Having billions of dollars in assets under management and a decades long track record, this position offers the opportunity for a strong real estate professional to gain a tremendous amount of hands-on experience in the commercial real estate space. There is a long runway here for upward mobility within an incredibly active group, and the right candidate will get the chance to work alongside some of the best in the industry while continuing to build out their own professional skillset in this space.
The Development Associate, Real Estate Private Equity will be responsible for:
- Support, and eventually lead, all development functions, including acquisitions, financial analysis, and structuring, due diligence, entitlements, construction management, reporting, investor & lender relations, leasing, etc for a large development portfolio
- Provide support to real estate development projects throughout the project life cycle including due diligence, financing, entitlement, design, construction and marketing
- Perform assigned research and analysis necessary to support real estate transactions
- Research and analyze market and competitive property activity by tracking rents, sales per SF, operating costs, and competitive supply
- Create pro forma for new developments including market information, operating expense data, and estimated hard and soft costs
- Assist to develop and maintain project budgets, schedules, and cashflows. Provide concise reporting to senior management regarding critical topics and financial projections
- Oversee the monthly requisition cycle ensuring accuracy and timeliness of accounting functions, budget maintenance, and financial reporting
- Monitor construction costs, budgeting, and the timeline of deliverables
The Development Associate, Real Estate Private Equity has the following qualifications:
- Between 1 and 6 years of related real estate experience with a real estate investment or development firm, reputable investments sales team or brokerage firm, or real estate advisory firm
- Bachelor degree from a top tier institution
- Excellent understanding of Argus and Excel with spreadsheet analysis experience
- Experience tracking budget versus proforma, change orders, construction reports, etc.
- Site selection and submarket understanding; underwriting and market analysis experience
- Strong work ethic and attention to detail
- Exceptional interpersonal, communication and organizational skills
- Ability to thrive in a fast-paced environment
