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Development Associate

Company Confidential

Mixed Use Retail Residential

Atlanta, GA

Salary Estimate: Confidential

Employment Type: Full Time

Work Place: Office

Experience Required: 2+ to 5 years

Education Required: 4 Year College

Job Description

A Private Atlanta-based developer of multifamily, mixed-use, and retail projects is seeking a full-time Development Analyst/Associate to support our developers in all aspects and stages of the ground up development process. The company has a proven track record and an active pipeline of projects in all stages of development. This provides an exceptional opportunity for a professional to learn the development process from cradle to grave with a clear path to becoming a developer in the future. This professional will also serve a critical role in special projects and provide Senior Management with support on an ad hoc basis. The level of autonomy and compensation will be a function of the candidate’s relevant experience and skills.

Key Responsibilities

Project Evaluation

Lead the underwriting process for new development deals
Create a proforma that incudes market information, operating expense data, and estimated hard and soft costs
Research all inputs for soft costs such as impact fees, building permits, insurance, and real estate taxes
Modify assumptions as instructed by the developers and think intuitively on ways to improve the project

Project Presentation

Draft all real estate committee presentations
Create verbiage and graphics for property overview, location overview, investment highlights, risks & mitigants, and market overview
Create market study reports that include lease comps, competitive set, market absorption, and future supply

Project Execution

Solicit and analyze predevelopment proposals including environmental, geo-tech, survey, engineering, architecture, and design
Attend periodic meetings to learn development management process
Coordinate with internal and external stakeholders including municipalities, regulatory agencies, lenders, and consultant teams to support the project management team
Work with development and construction to finalize project specific development costs and revisions over time

Research

Update our internal database with the latest pricing, occupancy, costs, utility information to validate potential development sites
Shop comparable properties via online searches, phone calls, and site visits
Monitor our target markets including tracking any government actions or competitive projects that may impact our projects over time

Additional Duties

Assist in the preparation of the Company’s annual Strategic Plan focusing on the analysis of target markets, performance benchmarks and asset class
Serve in a coordination and liaison role between the developers, the construction managers and senior management
Compile information for clients and owner reports accurately and on time
Respond in a timely fashion to questions, correspondence, emails and phone requests from managers, clients, lenders, investors, contractors, vendors, and regulatory agency personnel
Other duties as assigned

Candidate Requirements

2+ years of experience with related real estate development and/or real estate underwriting
Minimum bachelor’s degree or equivalent, ideally specializing in real estate or finance; An advanced real estate degree is a plus
Demonstrated self-starter who will take initiative, be humble enough to ask a lot of questions and be assertive when the situation requires it
Excellent organizational, time management, and planning skills including the ability to juggle and prioritize
Attention to detail and commitment to accuracy in a fast-paced environment
Excellent written and verbal communication skills
Advanced computer skills using Word, Excel, Outlook, PowerPoint
Sense of urgency

Hours