Development Analyst

Job Description

Job Description

POSITION SUMMARY :

As part of the Investments team at First Washington Realty, this role is responsible for providing analytical support regarding the feasibility of owned shopping center redevelopments and the redevelopment of prospective acquisitions.

ESSENTIAL DUTIES AND RESPONSIBILITIES :

• Gather, organize, and maintain accurate financial and market data to support redevelopment feasibility studies, underwriting efforts, and informed decision-making.
• Develop and modify detailed Argus Enterprise and Excel models to evaluate current and projected financial performance for redevelopment opportunities within the existing portfolio and potential acquisitions.
• Build and maintain comprehensive financial models incorporating sensitivity analyses (including IRR, pro formas, return on cost, NPV, etc.) for redevelopment and ground-up development projects.
• Conduct detailed pre-development feasibility analyses for acquisitions and redevelopments, including projections related to construction costs, leasing assumptions, and timelines.
• Collaborate with internal teams (leasing, operations, construction) and external consultants to refine assumptions.
• Assist in due diligence activities, including zoning reviews, entitlement evaluations, and lease reviews.
• Work closely with project leads to monitor project timelines and assess development returns.

QUALIFICATIONS, KNOWLEDGE, AND SKILL REQUIRED :

PHYSICAL AND ENVIRONMENTAL REQUIREMENTS :

The above statements are intended to describe the general nature and level of work being performed by the individual(s) assigned to this position. They are not intended to be an exhaustive list of all duties, responsibilities, and skills required. Management reserves the right to modify, add, or remove duties and to assign other duties as necessary.

First Washington Realty is an equal opportunity employer and does not discriminate based on race, color, religion, national origin, gender, gender identity, sexual orientation, age, marital status, veteran status, disability status, or any other status protected by law.