Assistant Community Manager - Phoenix

About Greystar

Greystar is a leading, fully integrated global real estate platform offering expertise in property management, investment management, development, and construction services in institutional-quality rental housing. Headquartered in Charleston, South Carolina, Greystar manages and operates over $350 billion of real estate in more than 260 markets globally with offices throughout North America, Europe, South America, and the Asia-Pacific region. Greystar is the largest operator of apartments in the United States, managing over one million units/beds globally. Across its platforms, Greystar has nearly $79 billion of assets under management, including over $34 billion of development assets and over $36.5 billion of regulatory assets under management. Greystar was founded by Bob Faith in 1993 to become a provider of world-class service in the rental residential real estate business.

About the Role

The Development Analyst supports the execution of Greystar’s development platform by performing (financial) analysis of development opportunities, preparing appropriate information and documents to facilitate the underwriting and closing of real estate transactions, interfacing with (land) developers, brokers, equity partners, institutional clients, and Greystar’s leadership, and tracking and reporting on the status of multifamily (build-to-rent) and student (PBSA) transactions within the assigned geographic markets.

Responsibilities

• Conduct (financial) analysis of development opportunities, including the creation of detailed pro-forma and financial models.
• Gather, compile, investigate, and analyse market data to identify potential development opportunities, and prepare narrative development memoranda, detailed reports, and market summaries that provide insights on proposed acquisitions.
• Establish and maintain productive relationships with local (land) developers, market brokers, institutional and equity partners, lenders, real estate owners, and other key stakeholders, and appropriately manage on-going communication related to proposed development transactions.
• Maintain ongoing communications within the development team, and other key business leaders affiliated with the project to provide periodic updates on the progress against schedule (programme) and budgets, resolve issues that may compromise the project delivery schedule or costs, and respond quickly and with urgency to questions, concerns, and requests for information.
• Identify, investigate, and refer potential acquisitions and other real estate transactions to appropriate Greystar leadership, and assist in preparing financial, market, and other documents required for new business pitches and RFPs.
• Organise, lead, and/or participate in the due diligence on properties under contract, and develop documentation and recommendations 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 transactions within the assigned geographic region, establish critical timelines and deadlines for tasks and activities related to the proposed transaction, and identify and effectively address issues or problems that could otherwise adversely affect closing.
• Complete various human resources, financial, administrative, and other reports and analysis, and perform other duties as assigned or as necessary.
• Provide development management support on:
  • Acquisition process with commercial and technical development knowledge
  • Design processes from initial design up until realisation
  • Collaborations with partners, suppliers and contractors
  • Project reporting related to progress, budget and timelines
  • Legal documentation and agreements with municipalities, advisors and contractors
  • Setting up initial development budgets

Requirements

• Educated to degree level or equivalent in a related business or analytical subject; such as finance, business management, real estate, accounting, economics or any STEM discipline.
• IT literate and fully conversant with all Microsoft packages including PowerPoint (Advanced level) and Excel (Advanced level).
• General understanding and/or interest to learn about building regulations, technical building specifications, planning application processes and construction processes.
• Knowledge of multifamily (build to rent), student (PBSA) or related industry developments.
• Experience in an analytical role within the real estate sector (internships, previous/current development experience).
• Proven exposure in financial modelling, valuations and financial analysis.
• Experience in research gathering, analysis, reporting and presentation of financial and business specific data.
• Highly numerate, with strong quantitative and qualitative analytical skills and attention to detail.
• Strong written and verbal communication skills; including the ability to effectively write and present reports and information.
• Excellent interpersonal skills including the ability to establish and maintain positive relationships.
• Good organisation skills and the ability to work effectively under pressure and to deadlines.
• Naturally inquisitive and commercially minded, with a desire to understand the bigger picture and contribute to understanding and solving problems.
• A positive team player, with an adaptable and flexible approach along with ability to work collaboratively to drive results and support the wider team and business objectives.
• An ability to identify and appreciate the needs/strengths of others to help achieve business objectives optimally.
• An interest in Real Estate.
• Fluency in English (essential) and Dutch (preferred).

Success Profile

What makes a successful Greystar team member? Check out the top traits we’re looking for and see if you have the right mix:

• Creative
• Decision Making
• Conceptual
• Imaginative
• Industrious
• Leadership

Benefits

• Healthcare: Health insurance (including company-paid opportunities) is offered, along with competitive dental (US Only) and vision insurance plan options in select countries.
• Retirement Planning: Competitive retirement savings plans including employer-matched 401(k) plans (US Only) and country-specific Pension Schemes.
• Paid Time Off: Full-time team members receive generous paid time off – including your birthday! – as well as paid sick leave, personal days, and company holidays (varies by country).
• Paid Parental Leave: Maternal and paternal paid leave is available for the birth or adoption of a child.
• Professional Development: Ongoing support is available for career advancement opportunities in addition to corporate training programs.
• Employee Assistance Program: Experienced counselors are available 24/7 for confidential assistance at no cost.

Note: Outlined benefits may vary by international region.