Real Estate Development Analyst - Dallas Regional Office

POSITION SUMMARY:

The Development Analyst supports the execution of multifamily real estate development and acquisition projects from initial opportunity through construction, stabilization, and final conversion. Working within small project teams alongside Development Associates and Project Partners, this position performs financial analysis, supports the structuring and closing of project financing, coordinates due diligence and entitlement activities, and assists with construction oversight and asset transition.

The Development Analyst develops broad working knowledge across acquisitions, financial modeling, Low-Income Housing Tax Credits (LIHTC), debt and equity financing, architecture, civil engineering, entitlements, construction, and property operations. The successful candidate will demonstrate strong analytical ability, take ownership of assigned workstreams, identify and communicate potential issues, and help move projects forward throughout the development lifecycle.

ESSENTIAL FUNCTIONS:

Source & Underwrite Investments

• Assists in sourcing development and acquisition opportunities through relationships with brokers and other market participants
• Underwrites multifamily investments across new construction, acquisition/rehabilitation, historic rehabilitation, portfolio acquisitions, GP buyouts, and distressed opportunities
• Builds and maintain financial models, including development pro formas, cash flow projections, sensitivity analyses, capital structures, and return analyses
• Evaluates market fundamentals, rents, expenses, construction costs, financing assumptions, and investment returns
• Prepares analysis and materials supporting the presentation of investment opportunities to Dominium's Investment Committee

Structure and Execute Financing

• Works with Dominium's Capital Markets team to secure construction and permanent debt, tax credit equity, and other sources of capital
• Assists with LIHTC, historic tax credit, and other financing or development applications
• Coordinates lender, investor, and third-party due diligence through closing
• Analyzes financing alternatives and understand how changes in debt, equity, rates, costs, and operating assumptions affect project feasibility and returns

Manage Design, Entitlements & Construction

• Works directly with architects, civil engineers, attorneys, contractors, municipalities, and other consultants throughout the development process
• Helps manage zoning, entitlements, permitting, design, and other preconstruction milestones
• Participates in construction oversight with contractors and project managers, tracking schedule, budget, and key project risks
• Attends site visits and project meetings to monitor progress, resolve issues, and understand how decisions made during underwriting translate into the built project

Complete & Transition the Asset

• Helps manage projects through construction completion, lease-up, stabilization, and permanent loan conversion
• Coordinates post-closing and tax credit milestones, including 8609s, final tax credit delivery, equity installments, and other investor and lender requirements
• Ensures outstanding development obligations are completed, and the property is successfully transitioned into long-term operations

QUALIFICATIONS: (Knowledge, Skills, Abilities, Education, Training and Experience.)

• Bachelor’s degree in Real Estate, Finance, Economics, Accounting, Engineering, or another analytical or related field.
• Previous experience in real estate development, acquisitions, private equity, investment banking, lending, finance, or a related field is required. Experience may be gained through internships or professional employment.
• Previous participation in real estate clubs, organizations, coursework, internships, or other relevant activities is preferred.
• Advanced proficiency in Microsoft Excel, with the ability and aptitude to develop and interpret financial models.
• Proficiency in Microsoft Office applications, including Word, PowerPoint, and Outlook.
• Strong quantitative, mathematical, analytical, and problem-solving skills.
• Strong attention to detail and the ability to produce accurate, high-quality work.
• Ability to manage multiple active projects, competing priorities, and deadlines effectively.
• Strong organizational skills and the ability to take ownership of assigned responsibilities.
• Ability to communicate clearly and professionally with internal teams, senior leaders, and external business partners.
• Ability to learn unfamiliar areas of real estate development and work through complex financial and operational issues.
• Ability to work independently with minimal supervision while exercising sound judgment regarding when to seek guidance or elevate an issue.

Why Dominium

Work on the whole deal.
Rather than spending your first years focused on a single function, you will gain exposure to the complete development process, from underwriting and financing through design, construction, and stabilization.

Work in small teams.
Development teams are intentionally lean, giving Analysts direct exposure to Associates, Project Partners, senior leadership, and outside decision-makers.

Take on meaningful responsibility early.
Analysts are not limited to maintaining models or preparing reports. As your capabilities grow, so does your responsibility for moving real projects forward.

Learn the business of development.
Dedicated teams support functions such as accounting, legal, capital markets, construction, and property management, allowing Development Analysts to focus on understanding and executing real estate transactions.

Build a long-term career.
Dominium promotes its development professionals from within. Many of today's senior leaders began in junior roles at the company, creating a clear path for high performers to advance toward increasing responsibility, partnership, and equity.

About Us: Dominium is a purpose-driven leader in affordable housing. We operate in approximately 20 states, supported by a team of over 1,300 dedicated employees. For more than 50 years, we have delivered excellence in the development and management of affordable housing communities across the United States. Dominium’s values – EDGE: Entrepreneurial Innovation, Developing People, Growth Mindset and Execution – guide us in fulfilling our Purpose: to provide quality, affordable housing that builds Enduring Value for our residents, employees, communities and financial partners. We believe housing provides dignity, and our work has a positive, lasting impact on the lives of individuals and families – often for generations. Our properties last for decades, leaving a lasting impact in the communities where they are located. We offer a competitive salary, an incentive bonus program, training and development programs, career growth and community volunteer and outreach programs. We also provide a comprehensive benefits package for eligible employees, including Basic Life and AD&D; Employee, Spouse and Child Supplemental Life and AD&D; and Short and Long-Term Disability insurance. We also offer Medical, Dental and Vision coverage, with optional Health Savings Accounts, as well as Medical and Dependent Care Flexible Spending Accounts. We offer Voluntary Benefits (Accident, Critical Illness, Whole Life) and an Employee Assistance Program. Additionally, you have access to a 401(K) plan, Health and Financial Wellness Programs, Paid Time Off including Paid Holidays and Floating Holidays, Paid Parental Leave, Education Reimbursement, Employee Recognition and the Dominium Employee Emergency Fund.

Dominium is committed to providing equal employment opportunities to qualified applicants and employees. Dominium prohibits employment discrimination on race, color, creed, religion, national origin, citizenship, sex (including sexual orientation and gender identity), pregnancy, marital status, familial status, status with regard to public assistance, disability, membership or activity in local commission, veteran status, military status, age, genetic information, union membership, use of lawful consumable products, or any other category protected by applicable state or federal law.