What are the responsibilities and job description for the Development Associate position at MFM Search LLC?
My client is an opportunistic real estate investment company dedicated to generating returns for private investors through the identification and execution of overlooked opportunities. Their recent focus has been on acquiring, developing, and redeveloping multifamily residential, using best-in-class practices in markets or sectors that typically draw lesser competition.
Primary Responsibilities:
- Conduct research and analysis for the development team for the pursuit of new development including research, market analysis and preliminary due diligence
- Prepare investment committee memo’s, equity investment prospectus books, debt prospectus books
- Submit data and research information for preliminary due diligence including soft cost research, preliminary environmental analysis, preliminary specification analysis, market analysis, financial feasibility, and presentations
- Coordinate with architect, engineer, landscape architects, interior designers, project managers and other team members
- Research zoning and master plan information, new development pipeline, transportation improvement plans and building and permit codes and fees
- Oversee construction draw process and develop monthly project reports
- Conduct market analysis to determine competitive rent rates, demographic analysis and competitive amenities offered in development area.
- Create pro forma for new developments including market information, operating expense data and estimated hard and soft cost
Desired Skills & Experience:
- Must have experience being a development associate at another multifamily development company. At least 1 full year, 2 is ideal.
- Bachelor’s degree in Business, Engineering, Architecture, Planning, Real Estate or other related field
- Strong desire to start and build a career in real estate development and willingness to be a key member of the team, although several years of acquisition or underwriting experience is preferred
- Highly analytical and research driven
- Strong Excel and PowerPoint skills to prepare in-depth data and research analysis
- Polished communicator with ability to maintain strong working relationships
- Flexible and adaptable with excellent organization, time management and prioritization skills
Salary : $100,000 - $150,000