Multifamily-Development Associate - Raleigh

Essential Duties and Responsibilities

• Source and underwrite development opportunities
• Create pro-formas and financial projections for potential developments projects
• Conduct field investigations, including creating rent studies, analyzing the immediate neighborhood, evaluating entitlements, and summarizing multifamily apartment sales
• Manage zoning, entitlement, and permitting activities
• Perform underwriting processes, analyzing market information, operational expenses, and estimated hard and soft costs
• Establish project timelines and spending forecasts
• Compile components for investment packages
• Present development opportunities
• Coordinate with construction personnel to meet budget and timing targets
• Work with third-party consultants on construction plans, entitlements, and financing
• Strategize with third-party property management companies to maximize returns during lease-up
• Support the development team in the disposition process, including preparing properties for sale, creating financial evaluations, selecting brokers, negotiating purchase and sale agreements, and working with buyers from due diligence period through close
• Communicate and track progress with local officials, brokers, consultants, etc.
• Conduct decision-making process regarding product, mix, parking, and design

Qualifications

• Bachelor’s degree in Finance, Accounting, Economics, or a related field from a four-year college or university
• Three to five years of related experience and/or training
• Proficient in advanced Excel Financial Modeling
• Proficient in Adobe
• Ability to apply common sense understanding to carry out instructions
• Proficiency with MS Office and email

Preferred Qualifications

• Registered planner or engineer
• Experience with Multifamily Municipalities and entitlements