Development Associate

Job Responsibilities

• Evaluates, prepares and reviews financial analysis of development opportunities, including creating detailed pro-forma and financial models.
• Oversight of market data analysis, preparation of narrative investment memoranda, detailed reports, and market summaries that provide insights on proposed projects.
• Solicit feasibility studies and proposals from design consultants.
• Assists with the consultant engagement and direction to complete project design and solve any issues to receive permits in timely manner.
• Reviews and resolves title and survey matters and reviews and marks up plans.
• Manages due diligence and timeline trackers.
• Solicit will serve letters.
• Coordinate with construction team as they comply pricing to ensure budget accurately reflects development plan and conditions of approval.
• Attend hearings, municipal and neighborhood meetings.
• Work with consultants to prepare deliverables.
• Administers the Development and Construction Status Report (DCSR) process.
• Makes recommendations for critical timelines and deadlines for tasks and activities related to the proposed transaction, and identifies and communicates issues or problems that could adversely affect closing.
• Prepare reports and updates for equity partners and lenders and coordinates with the finance team to assist with potential equity and debt sources questions.
• Tracks pre-development budgets and invoice processing.
• Coordinates closely with lender to ensure an efficient closing process by handling and organizing documents and interfacing with legal counsel.
• Maintain keen understanding of economic activity in target markets by tracking market fundamentals and actively participating in industry organizations.
• Collaborate with the development team, property management and consultants to approve floor plans, signage plan and design of the building.
• Represent ownership on day-to-day project management activities including OAC meetings and jobsite visits, including attending mock ups, box walks and FF&E installs.
• Attends recurring design and construction meetings and documents meeting minutes and manages action item follow ups.
• Prepares project reports and budgets.
• Prepares fitness center, pool, and FF&E budgets.
• Coordinate directly with architect, contractor, counsel, and project consultants.
• Review and maintain compliance with legal transactional and permitting documents.

Qualifications

• 1-4 years of experience in real estate development, finance, construction, or architecture.
• A bachelor's degree is required in finance, business, real estate, economics, construction, architecture, or related field. Master’s degree is preferred.
• Attention to detail and exceptional creative problem-solving skills.
• Proficiency in Excel and financial modeling skills, with advanced knowledge of cash flow forecasting.
• Highly motivated self-starter with strong organizational, time-management and project management skills to effectively track report and manage multiple projects and priorities where meeting deadlines is critical.
• Excellent interpersonal and relationship-management skills in order to establish, cultivate, and maintain productive relationships with brokers, institutional and equity partners, owners, lenders, and the variety of potential clients with whom Greystar does business.
• Advanced written and communication skills with professional presentation and public speaking ability.

Benefits

• Competitive Medical, Dental, Vision, and Disability & Life insurance benefits.
• Low (free basic) employee Medical costs for employee-only coverage; costs discounted after 3 and 5 years of service.
• Generous Paid Time off. All new hires start with 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 are available 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.