Multifamily Development Associate

Job Description

DEVELOPMENT ASSOCIATE

Job Summary
 

The Development Associate coordinates and assists in developmental process of a project from the beginning through final approvals. This employee reports to the Executive Managing Director and assists the Development team in variety of day-to-day operations of assigned projects in North Carolina, South Carolina, Tennessee and Virginia.

General Accountabilities

• Project initiation (site analysis & selection, financial feasibility, schedule & budget, & securing community and political support)
• Project determination (financial structure, funding commitments, cost estimates, establishment of project pro forma, due diligence)
• Manage the due diligence process: planning, design, entitlement/approval, and construction coordination for the entire project, including selection of (and coordination amongst) attorneys, architects, engineers, contractors, subcontractors, etc.
• Coordinate with property management and asset management to determine the unit mix, unit sizes, unit amenities, project amenities, marketing lease-up budgets, and operating lease-up budgets.
• Create and maintain overall development schedules throughout pre-development, construction, project opening, and stabilization, while serving as day-to-day liaison with internal construction management group and external design team.
• Work to keep scope and cost in balance while meeting schedule and quality objectives. Oversee cost management/reporting. Prepare reports to internal management and external clients as needed.
• Participate and collaborate with operations/marketing team during construction/delivery period; ensure follow-up with appropriate parties as needed with issues that arise.
• Manage comprehensive tracking of project data for required reporting: construction progress, budget tracking, sales and/or leasing status, periodic market updates.
• Coordination with construction manager to ensure successful completion and stabilization of projects on time and within budget.
• Partner with legal to review and approve all project agreements and contracts.

Qualifications

• Minimum 4 college degree, prefer civil engineering or architectural focus.
• Minimum of 1-2 years of progressive experience in the development of multifamily housing.
• Demonstrated track record of seeing multifamily projects from site evaluation to completion.
• Ability to assess and manage risk factors affecting projects and the firm.
• Strong financial and analytical skills, with a passion for real estate development.

Skills

• Strong financial and analytical skills, with a passion for real estate development
• Ability to handle multiple projects through the consistent completion of tasks with established deadlines
• Strong verbal and written communication skills and advanced knowledge of Microsoft Office
• Strong strategic planning and management skills.
• Excellent interpersonal skills such as that he/she deals successfully with personnel on all levels in the organization and relates well to contacts outside the organization.
• Ability to absorb and act on complex legal documents such as land contracts, title restrictions, and permanent and construction financing agreements.