Development Associate

Job Description

Greystar is looking for an experienced Development Associate to join its Los Angeles office to help execute the team’s regional growth strategy in the multifamily, SFR and industrial sectors across the Los Angeles, Ventura, Santa Barbara, San Luis Obispo, and San Bernardino Counties. The Development Associate will support senior leadership on the day-to-day management of development projects from acquisition through entitlement, design, construction, lease-up and closeout. It is expected that the Development Associate will quickly become the lead for development project(s), responsible for every aspect of a coordinated execution. This is a unique opportunity to join a growing team in one of Greystar’s leading markets with consistent deal flow.

• Assist in day-to-day oversight of development projects including design consultants, contractors, subcontractors, vendors, stakeholders and related activities:
  • Secure and manage project documents, plans, permits and approvals.
  • Negotiate contract scopes and terms.
  • Maintain project schedules and timelines.
  • Track and manage budgets.
  • Report project status internally and externally to partners.
• Conduct financial analysis of development opportunities, including creating detailed pro-forma and financial models for review.
• Gather, compile and analyze market data and prepare narrative investment memoranda, detailed reports, and market summaries that provide insights on proposed projects.
• Assist in preparing financial, market, and other documents required for new business pitches and RFPs.
• Participate in the due diligence on development sites under contract, and prepares documentation on key findings that may affect the return and financial performance of the proposed deal.
• Monitor and report on the status and progress of proposed development pipeline project, recommending critical timelines and deadlines for tasks and activities related to the proposed transaction, and identify and communicate issues or problems that could adversely affect closing.