Real Estate Development Analyst

Development Analyst

Summary of Position:

The Development Analyst is responsible for assisting the Development team with specific aspects of the real estate development life cycle including, but not limited to: Underwriting, Financial Modeling, Financial Reporting per the direction of the CEO, Investor Relations, Re-Financing, Disposition and Assisting with Site Identification/Site Acquisition. The analyst will report directly to the CEO and will be exposed to all levels of project finance, construction debt, private and institutional equity.

Examples of Principal Duties and Responsibilities:

• Research potential acquisition/development sites using online listing platforms and physically walking markets of interest.
• Perform financial feasibility analysis by creating operating, development, and financing budgets/projections/proformas.
• Preparing project business plans, including deal memorandums, financial forecasts, and strategic plans for investor relation reports.
• Research and analyze benchmark economic activity in target markets by tracking rents, sales, operating costs, competitive supply, and economic expansion activity.
• Assist in preparing/reviewing Joint Venture Agreements, Letters of Intent, and Purchase and Sales Agreements.
• Effectively comprehending Joint Venture Agreements, Partnership Agreements, Loan Documents, and other documents that will affect the project proforma.
• Effectively communicate to senior leadership/key stakeholders the relevant project financial information and its implications to the project for the purposes of executive decision making.
• Work with local/national equity and senior debt lending firms to communicate to senior leadership the current cost of capital.
• Assist in meeting coordination/scheduling, documenting meeting minutes, and file organization.

Education and Experience Requirements:

• Bachelor's degree in one of the following: Real Estate Economics, Finance, Accounting.
• 2 - 4 years of experience in a Commercial Real Estate related field preferred.
• Intermediate Knowledge of Microsoft Excel. (Pivot Tables, Index Functions, Return Metric Formulas).
• Proficient in other Microsoft Suite applications (PowerPoint & Word).
• Strong project management skills, results-driven, and ability to manage multiple deadlines.
• Must have excellent organizational, interpersonal, quantitative, writing and communication skills.

Physical Requirements:

This is primarily a sedentary office position which requires the Development Associate to have the ability to operate computer equipment, speak, hear, bend, stoop, reach, lift, and move and carry up to 25 lbs. Finger dexterity is necessary.