Development Associate - Multifamily

Job Description

Crescent Communities is a nationally recognized, market-leading real estate investor, developer and operator of mixed-use communities. We create high-quality, differentiated residential and commercial communities in many of the fastest growing markets in the United States. Since 1963, our development portfolio has included more than 69 multifamily communities, 22 million square feet of commercial space and 60 single family master-planned communities. Crescent Communities has offices in Charlotte, DC, Atlanta, Orlando, Nashville, Dallas, Denver, Phoenix and Salt Lake City. Our residential communities are branded NOVEL, RENDER and HARMON by Crescent Communities.

 

JOB SUMMARY

 

Position will assist the development team for multifamily and mixed-use projects from concept to disposition in the Mid-Atlantic Region. The Development Associate will contribute to Crescent’s success by providing support to the planning, project management, and financial oversight of new-build development projects while maintaining a high level of compliance with Crescent Values and expected levels of excellence. Position will report to the Managing Director.

 

ESSENTIAL FUNCTIONS

• Participate in new acquisitions and in the deal process; help facilitate due diligence and transaction closings.
• Develop and maintain complex real estate financial models to analyze returns, using Microsoft Excel and proprietary pro forma model.
• Provide periodic project updates and reporting, including financials, schedule and other applicable specifics to regional leaders, lenders, and investors.
• Assist in the coordination, preparation, and presentation of investment materials for new deals.
• Assist the regional leaders with managing project budgets and schedules for assigned projects.

• Monitor research of Mid-Atlantic markets; not limited to, but including rents, sales, development pipeline, employment, permits, and supply and demand trends.

• Assist with various ad-hoc financial analysis
• Assist in coordinating responsibilities associated with the analysis, planning, and development of multifamily projects, including creating project concept & vision.
• Coordinate pre-development schedule, budget, and cost estimating with the pre-construction team.
• Receive/analyze market data from third-party property management
• Assist with contracts with design and construction team members with input from the development and construction teams.
• Assist with the coordination of the design process
• Verify/obtain government/county/city approvals and permits
• Work with the development team members to ensure development is completed within approved budget; prepare financial reports as needed in coordination with the finance team.

 JOB REQUIREMENTS AND QUALIFICATIONS

Education and Experience

 

Minimum:

• 2-4 years of experience with related real estate development or real estate underwriting/modeling experience; preference will be for multifamily experience.
• Bachelor’s degree in business, finance, real estate development or related field preferred; MBA is a plus.
• Strong quantitative skills including excel and financial modeling and analytical problem solving.
• Advanced computer skills using Excel, PowerPoint, Project, Word, and Outlook
• Prior experience as an analyst in a real estate or brokerage environment

• Strong interpersonal skills and excellent communication skills – both written and verbal
• Strong organization skills: must be able to work on multiple projects simultaneously

• Must be able to work in a highly collaborative environment
• Able to work independently and in a fast-pace environment

PHYSICAL DEMANDS

 

• Communicate and converse to exchange information
• Ability to operate a computer keyboard, phone, calculator and other office equipment with or without accommodations
• Seeing to read a variety of materials
• Must be able to remain in a stationary position for extended periods of time
• Must be able to transport 10-25 lbs. (computer, files, etc.)
• Move about the office to access file cabinets, office machinery, etc.
• Ability to work under stressful, fast-paced conditions

BENEFITS

 

We offer a full benefits package starting day one that includes health, dental, vision, paid time off, paid holidays, 401k plan, paid STD/LTD, parental leave, charitable match, wellness subsidy, community involvement, summer hours, education reimbursement, employee assistance program, flexible work schedule and much more! 

           

WORK ENVIRONMENT

 

• Professional office environment 
• Flexible working hours are M-F, 8:00am – 5:00pm (alternate schedule may apply) 
• Must have reliable transportation 

OTHER DEMANDS

 

• Ability to travel to field locations and stay overnight, if required

DISCLAIMER/OTHER DUTIES

 

This document describes the position currently available and serves only as a summary of the typical functions of the job.  It is not an exhaustive or comprehensive list of all possible job responsibilities.  Tasks, responsibilities and duties of the jobholder may differ from those outlined.  Other duties, as assigned might be part of the job.  It is not an employment contract.  Our company reserves the right to modify job duties or job descriptions at any time. 

 

Crescent Communities LLC is an Equal Opportunity Employer 

 

An equal opportunity employer, Crescent Communities treats each individual fairly in all employment decisions without regard to race, color, gender, religion, age, sex, gender identity, national origin, sexual orientation, veteran, disability or any other protected status by federal or local law.

 

Crescent Communities LLC participates in E-Verify