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Real Estate Development Associate
Real Estate Development AssociateBANNEKER VENTURES LLC • Silver Spring, MD, US
Real Estate Development Associate

Real Estate Development Associate

BANNEKER VENTURES LLC • Silver Spring, MD, US
29 days ago
Job type
  • Full-time
Job description

Job Description

Job Description

The Real Estate Development Associate is involved from start to finish in development projects and is responsible for providing support to the Development Managers and other staff to ensure quality and timely execution of development of projects. This support includes : land use / zoning coordination, project financing support, due diligence support, financing closing coordination, design oversight, permitting oversight, general contractor bidding and buyout and change order tracking, cost reporting, preparation of contracts, construction quality oversight, project scheduling, community outreach support, lease-up support and project closeout. This position has a performance-based growth path.

Key Responsibilities :

  • Work with project team on setting up individual project folders, tracking reports, budgets, schedules, logistics plans, and corporate reporting.
  • Support all development functions, including acquisitions, entitlement support, due diligence, permits, utility coordination, construction coordination, etc.
  • Assist in preparation of pro formas and development budgets.
  • Assist in the assemblage of responses to RFQ / RFPs.
  • Assist in preparation of applications and financing proposals.
  • Assist with land acquisitions, including preparation of LOIs and purchase agreements.
  • Gather and review due diligence materials.
  • Assist with financial closings.
  • Solicit consultant and contractor services for due diligence, design and construction services, reviews and evaluates the responses and obtains the services.
  • Order market studies, appraisals, environmental reports and other due diligence reports.
  • Manage the tracking of timelines and schedules, using scheduling software.
  • Review and understand developer responsibilities per any partnership agreements.
  • Assist in the submittal, change order, and pay request process to financing sources.
  • Supports community development and zoning approval efforts.
  • Prepare presentations for meetings with critical stakeholders.
  • Participate in project quality control processes including job walks and punchlist walks.
  • Coordinate contracts, schedules and installation for initial delivery (e.g. fitness equipment, signage, audio / tech equipment, FFE, artwork, model unit or other owner-related proposals, contracts and installation)
  • Perform all other duties as assigned.

Qualifications :

  • Minimum of 3 years’ experience in multi-family or mixed-use residential and commercial real estate transactions.
  • Exceptional written and verbal communication skills, as well as interpersonal and relationship building skills.
  • Excellent problem-solving skills, with an adaptable and flexible style in working with all types of individuals.
  • General knowledge of real estate development principles / practices.
  • Proficiency with Microsoft Excel and ability to create and manipulate budgets and proforma financial models.
  • Experience with Low-Income Housing Tax Credits (preferred but not required).
  • Experience with other subsidies (tax exempt bond financing, New Market Tax Credits, Historic Tax Credits, AHP grants, etc.) (preferred but not required).

    • Skills / Abilities :

  • Willingness to do whatever level work internal clients require, from very basic to extremely complex.
  • Prioritizes and manages competing and sometimes conflicting priorities.
  • Highly effective in a close-knit organization.
  • Willingness to work flexible hours and in a collaborative, dynamic, team-based environment.
  • Creative and results-oriented, with a strong sense of urgency.
  • Successful project management experience on projects in ground up commercial office and / or multifamily projects is a plus.
  • Highly entrepreneurial and self-motivated, with the ability to work equally well on one’s own as well as in a team environment.
  • Displays curiosity and a passion for learning.

    • Education :

  • Bachelor’s degree in Finance, Engineering, Construction Management or related field (preferred but not required).
  • MBA (with real estate focus) or Masters in Real Estate (preferred but not required).

    • Compensation and Benefits

  • Base Salary : $60,000 - $70,000 based on experience and qualifications.
  • Bonuses : Competitive performance-based bonuses based on the success of managed assets.
  • Benefits : Comprehensive health, dental, and vision insurance, paid family leave, voluntary disability benefits, a retirement savings plan with company match, and generous paid time off.
  • Professional Development : Opportunities for continued education, certifications, and career growth within a collaborative and inclusive work environment.

    • How to Apply :

    Interested candidates should submit a resume and cover letter detailing their qualifications.

    Banneker Ventures is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees.

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    Real Estate Associate • Silver Spring, MD, US