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Development Associate (Real Estate Development)

Company: Sanford Barrows Group
Location: Boca Raton
Posted on: June 21, 2022

Job Description:

Job Title: Development Analyst Salary: $100k - $130k (depending on experience) plus bonus and strong benefitsPosition:Development Associate --- 2-5 years' experience --- "Plug and play" Development Associate who has done Multifamily real estate underwriting, modeling, market research, etc.

  • Highly proficient in Excel modeling with no need of oversight (e.g., sensitivity tables, waterfalls, portfolio analysis, joint venture structures, multi-tiered waterfalls, etc.)
  • Create pro forma projections and investment models for new development opportunities. This function requires an understanding of apartment development mechanics, operating metrics, and operating statements.
  • Generate return analyses for potential investments. This function requires a basic understanding of financial principles (time value of money, risk adjusted discount rates) and a working knowledge of key metrics (IRR, debt yield, cash on cash return).
  • Conduct market research to support key assumptions. This function requires the analysis of historical and competitive market data, the assessment of apartment unit supply and demand generators, and the consideration of comparable transactions in the marketplace.
  • Coordinate due diligence with brokers and third parties
  • Organize and maintain pipeline of active opportunities
  • Prepare internal Investment Committee presentations for deal approvals and provide support in connection with the conversion of IC memos into private placement memos in connection with capital raising activitiesRequired Qualifications:
    • 2-5 years of experience in commercial real estate field preferably including multi-family experience
    • Bachelor's degree in Real Estate, Business, Finance, Economics or Accounting
    • Highly proficient in excel modeling with no need of oversight (e.g., sensitivity tables, waterfalls, portfolio analysis, joint venture structures, multi-tiered waterfalls, etc.)
    • Strong analytical thought process
    • Attention to detail
    • Self-starter, able to work effectively in a small team and to contribute to areas beyond the direct scope of responsibility
    • Deductive reasoning skills

Keywords: Sanford Barrows Group, Boca Raton , Development Associate (Real Estate Development), Other , Boca Raton, Florida

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