Development Associate

Our client, located in downtown Cincinnati, is a vertically integrated multifamily development, construction, and property management company that creates new communities throughout the country. The Development Associate is a critical role to the organization and reports to the Vice President of Development.

What they offer:
Our client offers competitive wages, full health care benefits and a continuous learning culture for those who want to grow with the company.

About being a Development Associate:
The Development Associate will assist the Vice President of Development in all aspects of the multifamily development process. Primary tasks will include but are not limited to site sourcing, financial analysis, market analysis, conducting due diligence, entitlements, design management, zoning and land use analysis, permitting, communication with brokers, investors, lenders, community members, city officials, zoning attorneys and third party consultants, and any other task that is deemed necessary for the success of the company.
The right candidate should have a minimum of 1-3 years of experience in Real Estate Development or Investments, thrive in a fast-paced environment, be a problem solver, have a positive and solution-oriented attitude, and have a passion for real estate development.

Competencies:

• Assist Vice President in all facets of real estate development, construction management, and ownership.
• Completion of rent comparable summaries.
• Detailed financial underwriting.
• Investor and lender memorandums.  
• Assist in sourcing strategies, including significant off-market research and outreach
• Understand land use concepts and be able to identify allowable uses, site zoning yields, and highest and best use for potential projects.
• Assist with the due diligence process for new projects.
• Assist with consultant management.
• Permitting execution.
• Assist with project scheduling.
• Assist with community outreach.
• Effectively communicate with all external stakeholders including brokers, property owners, consultants, and community members on all future and current projects.
• Gather property-specific & market information by researching a variety of sources including, industry, regulatory and economic information, demographic data, and property information.
• Identify investment risks and provide mitigation strategies.
• Any other task that is deemed necessary for the success of the company.

• Advanced computer skills, including Bluebeam and MS Office Suite with an emphasis on Excel.
• Minimum 4-year degree in Real Estate, Finance, Economics, Urban Planning, Engineering, Construction or related field, and relevant experience. 
• Ability to operate independently and effectively report in written and verbal formats. 
• Strong financial analysis skills.
• Strong problem-solving skills with the ability to forecast risks and how to mitigate against them.
• Energetic, organized, creative and highly motivated person with the ability to learn and work independently and collaboratively.
• Strong work ethic and ability to support multiple projects concurrently and prioritize competing demands under the pressure of time-sensitive deadlines.
• Excellent interpersonal, verbal and written communication skills.
• Strength of character and flexible style to work in various capacities.
• A true entrepreneurial spirit who has the commitment and wherewithal to collaboratively grow the Company.
• Highly-driven and motivated to join a team that offers a tremendous opportunity to grow personally and professionally.
• Willingness to travel to other markets and research potential development opportunities.

Schedule: Monday-Friday 8am-5pm, onsite, occasional travel to other markets may be necessary

 

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