Development Associate - MRE Capital

October 10, 2017

MRE Capital

Annapolis, Maryland 21401
https://www.mre-capital.com/

Location

Annapolis, MD

About the Company

MRE Capital is a private real estate investment firm based in Annapolis, Maryland.  We invest in office, retail, and multifamily assets throughout the Mid-Atlantic region.  We target high quality properties that fall in to one of two categories. The first is stabilized Core assets that have a significant in-place income component.  The second is Opportunistic redevelopment projects, typically in urban infill areas.

Job Description

The Development Associate will be an integral member of our growing team and support all aspects of the development process including: entitlement, zoning, feasibility, financing, design/development, approvals, construction, and lease-up.  The Development Associate must be entrepreneurially minded and able to work in a fast-paced, multi-task environment.  Direct communication with MRE Principals.

Duties & Responsibilities

Due Diligence

  • Work on feasibility studies for development projects and investment committee memos

 

Finance:

  • Run scenarios and develop budgets to inform development decisions
  • Track investment performance, prepare asset management reports, and update investor summaries

 

Project Oversight:

  • Create, maintain, and execute project schedules, business plans, proforma and budgets
  • Maintain project timelines, ensuring milestones are met on time and within budget

 

Skills and Qualifications

  • Bachelor degree in business or real estate
  • 1-3 years’ work of work experience
  • Previous real estate development, project management, or construction experience preferred
  • Local travel required (must have car)