Development Analyst

Essential Responsibilities

• Prepare detailed underwriting packages for prospective projects, including investment committee memorandums, detailed pro-formas, rent comps, sales comps, expense comps and key market trends.
• Conduct market research for markets/submarkets within Hillpointe’s target investment geography, including an analysis of supply/demand for multifamily housing, economic drivers, infrastructure projects and other factors that may influence the future performance of multifamily housing in the target market/submarket.
• Conduct detailed financial modeling and analysis for Hillpointe’s multifamily development pipeline
• Perform sensitivity analysis to evaluate prospective project level risks and returns.
• Compile and maintain due diligence checklists to ensure all necessary information is collected and analyzed
• Review due diligence materials, including environmental reports, zoning requirements, market studies, etc.
• Track timelines, manage handoffs to asset management, capital markets, and debt capital markets teams and coordinate with internal teams.
• In partnership with Hillpointe’s in-house legal team, manage land closing and ensure a smooth, accurate and timely acquisitions process.
• Support Hillpointe’s capital markets team by preparing project summaries and coordinating with lenders and appraisers to provide project level information.

Mindset and Approach

• Create financial underwriting, verify revenue and expense assumptions, and self-check work for accuracy.
• Draft narratives that adequately describe investment rationale, project strengths, project weaknesses, and relevant site specific development considerations.
• Push internal and external stakeholders to move the pre-development process forward with an extreme sense of urgency.
• Solve problems through in-person meetings and phone calls – not sitting behind emails.
• Synthesize market/sub-market economic, supply/demand, and demographic data into an easily digestible analysis of market/sub-market favorability and likely future performance.

Requirements

• Bachelor's degree
• 2+ years of experience in a similar role with a real estate investment firm (past multifamily experience preferred) or a combination of Master’s level education and experience.
• A high degree of proficiency in excel modeling
• Proficiency in Microsoft Word, PowerPoint and Outlook
• Strong written communication skills
• Excellent research and analytical skills
• Highly detail-oriented personality