1930 MF – Development Associate / Analyst

The Development Associate / Analyst will be responsible for supporting the mixed-income housing development team in all aspects of project development including: financial analysis and modeling, deal memo preparation, due diligence, legal oversight, entitlements, design, budgeting, and construction. This position is a key support position that will provide the candidate significant professional growth and exposure to all aspects of multifamily housing development. This position will be based in Los Angeles, California.

Firm Overview Our Client is a full-service real estate firm that has developed over $5.5 billion of real estate in New York and Los Angeles. Our Client’s California developments range from urban infill, affordable, mixed-income and market rate multifamily developments, and are designed, built and managed to the highest standards regardless of the income level served. Our Client prides itself on its track record of consistently developing best-in-class communities that represent industry benchmarks in design, construction, sustainability and property management.

Parent Company

Overview Formed over 25 years ago, Our Client is a fully integrated, highly diversified industry leader with experience in virtually every aspect of development, acquisitions, management, finance, marketing and sales. The company’s current pipeline includes roughly 4.50 million square feet of new construction mixed-use development with over 2,000 apartments and 450,000 square feet of retail.

Responsibilities

• Assist with all aspects of the development of market-rate, workforce and affordable multifamily projects: financing, entitlement/government approvals, consultant coordination, public relations, design, leasing/marketing, and construction
• Perform financial analysis and due diligence for new development opportunities, assisting in underwriting and cash flow analysis, and responding to Requests for Qualifications or Proposals
• Assist in preparing business plans, including deal memorandums, annual operating plans, financial forecasts and strategic plans.
• Compile detailed financing applications for various municipal and other alternative funding programs
• Assist in coordinating loan draws, forecasting project budgets and cash flows, and managing project schedules
• Research and analyses: benchmark economic activity in target markets by tracking rents, sales per square foot, operating costs, competitive supply and economic expansion
• Effectively communicate relevant project information to senior project team Qualifications
• Minimum Bachelor’s Degree; preferably in real estate, business administration, public policy and planning
• Minimum of 2 years of relevant experience in real estate development or investment, Strong quantitative and MS Excel, Word, PowerPoint, Project skills are a prerequisite.
• Strong project management skills, results-driven, with ability to manage multiple deadlines
• Complex thinker of high intelligence and demonstrates strong intellectual curiosity
• Experience, knowledge, and understanding of real estate development a plus.
• Keen attention to detail
• High energy; possessed with drive
• Suitability to an entrepreneurial culture that places a premium on performance
• Must be a team player, but also a self-starter that can perform with limited direction
• Excellent written and verbal and communication skills

Depending on direct experience this position will range

1-3 years  = 75-100K plus 20% bonus

3-5 years = 100-125K plus 20%

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Call Kipp Gillian to learn more. 

866-600-0437 x 1 | kgillian@gessearch.com