Development Associate – Multifamily Real Estate

Job title: Development Associate – Multifamily Real Estate

Company: Michael Page

Job description: Development Associate for a multifamily real estate firm, will play a key role in assisting with the execution and management of multifamily development projects from inception to completion. This position supports senior development team members and is involved in various stages of project development, including site acquisition, financial modeling, due diligence, design, entitlement, construction, and leasing.Project Management and Coordination:

• Assist in managing multifamily real estate development projects from site selection to construction completion.
• Collaborate with project managers, architects, contractors, and legal teams to ensure project timelines and milestones are met.
• Help organize project meetings, track progress, and coordinate activities across teams.

Site Acquisition and Due Diligence:

• Support the team in identifying and acquiring potential development sites.
• Conduct market research, feasibility studies, and financial analysis to assess the viability of potential properties.
• Assist in the preparation of due diligence reports, including zoning, environmental, and title research.

Financial Analysis and Modeling:

• Develop and maintain financial models, pro formas, and investment analysis for multifamily development projects.
• Assist in evaluating project costs, financial returns, and overall project feasibility.
• Help prepare financial reports for senior management, investors, and other stakeholders.

Permitting, Entitlements, and Compliance:

• Coordinate with local municipalities, regulatory bodies, and legal teams to ensure all necessary permits and entitlements are secured for projects.
• Ensure compliance with zoning regulations, environmental laws, and building codes.

Design and Construction Oversight:

• Support the design process by working with architects and engineers to ensure the project aligns with design and budget goals.
• Monitor construction progress, addressing any issues related to scheduling, costs, or quality control.
• Track project budgets and timelines, ensuring projects stay on track financially and schedule-wise.

Vendor and Consultant Management:

• Assist in sourcing and managing relationships with contractors, architects, consultants, and other vendors.
• Ensure quality and timely delivery of services from external partners.

Market and Tenant Research:

• Conduct research on local real estate market trends, including rent comps, demographic trends, and tenant preferences.
• Provide insights on design, amenities, and pricing that will attract prospective tenants.

Reporting and Communication:

• Prepare internal and external reports on project progress, financial status, and other relevant metrics.
• Maintain regular communication with senior leadership, investors, and other stakeholders regarding project status and financial performance.

MPI does not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity or expression, national origin, age, disability, veteran status, marital status, or based on an individual’s status in any group or class protected by applicable federal, state or local law. MPI encourages applications from minorities, women, the disabled, protected veterans and all other qualified applicants.High-Profile Multifamily Real Estate FirmGrowth opportunities

• Education:

• Bachelor’s degree in Real Estate, Finance, Business Administration, or a related field.
• Experience:

• 1-3 years of experience in real estate development, preferably in multifamily projects.
• Experience with financial modeling, market analysis, and project coordination.
• Skills:

• Strong understanding of real estate development processes, particularly in multifamily housing.
• Proficiency in financial modeling and Excel (experience with ARGUS or similar software is a plus).
• Ability to work effectively within a team, as well as independently.
• Excellent verbal and written communication skills.
• Strong organizational and time management skills.
• Preferred:

• Knowledge of Dallas/Fort Worth real estate market.
• Experience with project management software, such as Procore, Buildertrend, or others.
• Familiarity with zoning, entitlement, and permitting processes in Texas.

A multifamily real estate company that is a business focused on the acquisition, development, management, and/or investment in multifamily residential properties.Competitive salary + bonusBenefits package

Expected salary: $85000 per year

Location: Dallas, TX

Job date: Sat, 08 Feb 2025 07:20:51 GMT

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