What are the responsibilities and job description for the Development Associate - Multifamily position at Browning Real Estate Partners?
Browning strengthens communities by developing, building, and managing game-changing commercial real estate projects. With a reputation for executing large transactions and complex projects, the firm’s significant and diversified portfolio includes market-leading industrial, multifamily, and office projects in the Midwest.
The Development Associate is responsible for assisting with the management and execution of Browning’s development processes to ensure the successful completion of multifamily and mixed-use development projects on time and budget while exhibiting Browning’s Core Values. This role reports directly to the Vice President of Development and will focus on providing critical market research and financial analysis for multi-family development projects.
- Conduct comprehensive market research to identify trends, opportunities, and competitive landscape.
- Analyze demographic data and economic indicators to inform investment and development strategies.
- Research market comps for land sales, rent, taxes, and other key proforma inputs.
- Prepare presentations and reports for internal stakeholders and potential investors.
- Monitor market trends and economic indicators relevant to the multi-family sector as well as specific markets and provide timely updates.
- Assist with due diligence, entitlement, and efforts to secure incentives.
- Engage and collaborate with local municipalities to understand zoning regulations, incentives, and community development initiatives.
- Develop and maintain sophisticated financial models to assess development and investment feasibility.
- Prepare reports and presentations summarizing financial insights and strategic recommendations.
- Establish and maintain successful relationships with municipal officials, landowners, brokers, and other key information sources.
- Assist with the timely solicitation of Browning executive team approval at identified key project milestones.
- Assist with drafting and completing investment packages, lender packages, project updates, and periodic project-level reports.
· Minimum of 2-5 years of hands-on real estate or other professional experience in a related industry.
· An undergraduate degree in a related field is strongly preferred.
· Detailed-oriented self-starter.
· Strong research and general analysis skills.
· Comfortable establishing and maintaining relationships with parties internal and external to Browning.
· Excellent verbal and written communication skills with the ability to ask critical questions.
· Proficiency with real estate financial analysis and proformas.
· Understanding of real estate development processes, stakeholders, and financial drivers.
· Ability to engender trust and elicit information from others.
· Excellent prioritization and scheduling skills.
· Ability to understand the big picture while not losing sight of the details.
Browning grants equal opportunity to all qualified persons without regard to race, color, religion, gender, pregnancy, disability, age, national origin, military service obligations, veteran status, citizenship, sexual orientation, or any other category protected by law. Browning provides equal opportunity in wages, promotions, benefits and all privileges, terms, and conditions of employment.