Development Analyst

Supports the execution of the Company’s development platform by performing financial analyses of development opportunities, preparing documents to facilitate underwriting and closing of real estate transactions, interfacing with brokers, equity partners, institutional clients, and development leadership, and tracking and reporting on transaction status within assigned geographic markets.

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. 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. To learn more, visit www.greystar.com.

Responsibilities

• Conducts financial analysis of development opportunities, including the creation of detailed pro-forma and financial models.
• Gathers, compiles, investigates, and analyzes market data to identify potential development opportunities, and prepares narrative development memoranda, detailed reports, and market summaries.
• Establishes and maintains productive relationships with local market brokers, institutional and equity partners, lenders, real estate owners, and other key stakeholders, and manages ongoing communications related to proposed development transactions.
• Identifies, investigates, and refers potential acquisitions and other real estate transactions to Greystar leadership, and assists in preparing financial, market, and other documents required for new business pitches and RFPs.
• Organizes, leads, and/or participates in due diligence on properties under contract, and develops documentation and recommendations on key findings that may affect the return and financial performance of the proposed deal.
• Monitors and reports on the status and progress of proposed development transactions within the assigned geographic region, establishes critical timelines and deadlines for tasks and activities, and identifies and addresses issues that could adversely affect closing.

Requirements

• Work experience in real estate finance.
• Bachelor's degree in finance, business, real estate, economics, construction, architecture, or related field.
• Attention to detail and strong creative problem-solving skills.
• Proficiency in Excel and financial modeling skills, with working knowledge of cash flow forecasting.
• Excellent interpersonal and relationship-management skills to establish, cultivate, and maintain productive relationships with brokers, institutional and equity partners, owners, lenders, and potential clients.
• Critical thinker and self-starter capable of accomplishing tasks with limited guidance and supervision.

Pay

The salary range for this position is between $82,000 - $95,000. Additional compensation may include participation in a quarterly or annual bonus program based on individual and company performance.

Benefits

• Competitive medical, dental, vision, disability, and life insurance benefits with low (free basic) employee medical costs for employee-only coverage; costs discounted after 3 and 5 years of service.
• Generous paid time off: 15 days of vacation, 4 personal days, 10 sick days, and 11 paid holidays, plus your birthday off after 1 year of service. Additional vacation accrued with tenure.
• Onsite housing discount at Greystar-managed communities (subject to discount and unit availability).
• 6-week paid sabbatical after 10 years of service (and every 5 years thereafter).
• 401(k) with company match up to 6% of pay after 6 months of service.
• Paid parental leave and lifetime fertility benefit reimbursement up to $10,000 (includes adoption or surrogacy).
• Employee Assistance Program.
• Critical illness, accident, hospital indemnity, pet insurance, and legal plans.
• Charitable giving program and benefits.

Benefits offered for full-time employees. For union and prevailing wage roles, compensation and benefits may vary.