Analyst, Development

Fairstead is a purpose-driven real estate firm dedicated to building sustainable communities across the country. Headquartered in New York, with offices in Colorado, Florida, and Washington DC, Fairstead owns a portfolio of more than 25,000 apartments across 28 states that includes 25,000 units under management. Fairstead’s commitment to communities is realized through a comprehensive platform that leverages in-house expertise in acquisitions, development, design and construction, asset management, and property management.

Fairstead’s primary mission is to provide high quality housing to all regardless of income, and to make our stakeholders feel “Right at Home.” We accomplish this through an empathetic and innovative approach, and by utilizing our interdisciplinary platform as an investor, developer, owner, and operator.

Fairstead’s Core Values: Innovation, Determination, Integrity, Humility, Empathy and Partnerships

The Analyst, Development contributes to all aspects of the company’s Affordable Housing Development platform that focuses on housing located throughout the US – inclusive of both acquisition and new construction.

Responsibilities:

• Review weekly development financial information and revised various trackers which include but not limited, development budget, predevelopment budget, and cash forecast
• Analyze General Ledgers, Accounts Payable, rent rolls, T-12s, and other property level reports
• Collect vendor information necessary for setting up AP systems
• Coordinate meetings for assigned deals both internally and externally for assigned deals
• Manage shared file management system for assigned deals, daily uploading documents and utilizing proper naming conventions
• Compile and submit meeting minutes for all attended calls as directed by deal leads
• Track Invoicing and Accounts Payable across multiple developments and report trends to senior staff
• Compile monthly construction draws for review and approval by senior development staff
• Travel to subject properties at the direction of senior staff
• Assist the group in all aspects of affordable housing acquisition, rehabilitation, and development (Section 8, LIHTC, etc.) in core markets across the US.
• Compilation of due diligence information including financial, market, site, and regulatory data
• Coordinate and assist community meetings and governmental approval processes
• Completion of applications and documentation necessary for debt and equity financing, property purchase and sale, and government subsidy renewal
• Support detailed analyses of project schedule delays, cost overruns, productivity, contracts, change orders and other issues related to design and construction
• Coordinate with appropriate personnel including team analysts, clerical support, and others
• Prepare client communications for senior level review
• Work directly with Senior Associate/Associate on project

Requirements:

• Bachelor’s Degree in related field, Masters in Real Estate Development or similar degree preferred
• Demonstrated achievement in relevant coursework such as development, finance, accounting, legal, urban planning.
• Ability to demonstrate interest in real estate development
• Strong desire to learn new skills
• Exceptional research and writing abilities.
• Strong project management skills
• Must be a detail-oriented person with outstanding analytical skills.
• Strong analytical skills and ability to multi-task in a constantly changing environment
• Highly driven and values entrepreneurialism; works well with limited direction.
• Strong computer skills, Intermediate to advance Excel Skills strongly preferred.
• Desire to contribute to the creation and preservation of affordable housing

Diversity in backgrounds and experiences is key to Fairstead’s success. Being an equal opportunity employer is a central tenet of our philosophy that shapes who we are and the communities we serve. Our goal is to ensure competitive total compensation that is commensurate with experience, location, and other market benchmarks.