Development Associate

About Us:

The Calida Group (“Calida”) is a leading developer, investor, and operator of distinctive, life-style oriented multifamily and mixed-use properties throughout the United States. Investing approximately $1 billion annually, the company has acquired or developed more than 20,000 multifamily units throughout the United States with investment partners ranging from HNW family offices to institutional investors.

Position Summary:

We are looking for an experienced individual to work closely with the VP of Development to manage a large and growing portfolio of Class “A” multifamily developments throughout Nevada, Texas and Florida markets. The individual will have regular interactions with the Senior Management Team. We are looking for an experienced developer who can manage deals from start to finish, is detail-oriented, has a strong work ethic and works well in a team environment. This role is highly execution-oriented and requires a true “doer” mentality, with the ability to operate within a deeply analytical environment where recommendations and strategic decisions are fundamentally supported by data, market intelligence and submarket-level analyses.

Position Location:

The ideal candidate would be based in Calida’s HQ – Las Vegas, NV.

Duties:

• Create and review complex financial models for large-scale development projects.
• Assist the senior development team in conceptualizing, planning, design development and project management.
• Prepare predevelopment budgets for internal review and approval of predevelopment capital.
• Create offering memoranda for both debt and equity requests.
• Arrange and synthesize third-party reports such as market studies, property tax analyses, etc.
• Manage consultant team throughout the due diligence process including hiring, defining scope and reviewing related reports.
• Identify potentially fatal deal risks early in the evaluation process and communicate to the senior management team.
• Manage the local jurisdictional approval processes during entitlement and permitting phases.
• Manage contracts, scopes, budgets and schedules necessary to develop the project.
• Review architectural and civil plan sets from initial conceptual design through final construction drawings.
• Coordinate with the construction team in the preparation of construction budgets.
• Prepare material to present to the Chief Investment Officer, Investment Committee Members and Executive Committee to aid with the financing and closing of transactions.
• Assist in creating and ongoing review of property management budgets during and after lease-up.
• Work closely with accounting to review draw requests and track draws in relation to budgets and loan requests.
• Assist development and construction teams in creating, preparing and managing other projects relating to the development, design, financing and construction of multifamily projects.
• Assist in managing the debt financing, refinancing, and asset dispositions.
• Interface with and manage consultants, brokers, vendors, attorneys and other third parties.
• Prepare, review, and approve red-to-black analyses related to lease-up performance, providing recommendations regarding concessions and pricing strategies to optimize lease expirations and maximize NOI.
• Ensure compliance with owner, lender and partner compliance, approval and reporting matters.
• Proactively review, analyze and report on market and economic trends for each sub-market and forecast trends that may affect the property regarding long/short term reposition and exit strategies.

Skills/Qualifications:

• Highly analytical mindset with the ability to interpret KPIs, market data, and financial metrics to support investment and development decisions.
• Excellent computer skills, including excel, PPT and use of LLMs.
• Ability to manage and direct activities of a supporting Financial Analyst and/or Project Manager.
• Inquisitive, analytical, and able to make recommendations supported by research and analysis.
• Excellent organization and project management skills with a strong attention to detail.
• Ability to multi-task, prioritize and track many tasks at once.
• Ability to work independently, take strong initiative and be a resourceful self-starter.
• Comfortable with moderate travel for site visits and acquisition due diligence.
• Superior communications skills in speech, writing and presentation.
• Strong management and leadership skills, ability to work in a team-oriented atmosphere.
• Acute attention to detail and accuracy.
• Ability to maintain professionalism and confidentiality.
• Minimum of 3-5 years of multifamily development experience working.
• Professional, passionate, energetic, self-starter, who thrives in a fast-paced, entrepreneurial environment.
• Bachelor's Degree required. Master of Real Estate Development is preferred.
• Must pass a comprehensive background check (and possibly a credit check as well) to qualify for the position.

Where to Apply:

Interested candidates please submit a cover letter, resume and sample writing to: Teresita Montesinos - tmontesinos@thecalidagroup.com. A computer skills test will be administered during the interview process.