Real Estate Development Associate

Job title: Real Estate Development Associate

Company: Dinerstein Companies

Job description: Company:
Established in 1955, The Dinerstein Companies (TDC) has developed and acquired over 75,000 multi-family units and 44,000 student housing beds nationwide. TDC is vertically integrated specializing in development, construction, and property management of the nation’s finest apartment communities. Currently, TDC has $2.8 Billion in Assets Under Management and since 2010, has developed $5.02 Billion, purchased $1.37 Billion, and sold $4.17 Billion in for-rent apartments. The company is also one of the leading “green” developers in the country with a total of $3.07 Billion in LEED product completed or currently under construction. TDC has been voted Houston Chronicle’s Best Place to Work for the last 5 years as well as ranked #1 Student Housing Manager and #2 Conventional Property Manager based on the Online Reputation Assessment by J Turner Research.Job Summary:The Real Estate Development Associate will be based in TDC’s West Coast Office in Carlsbad, CA. Job responsibilities include financial modeling of development deals; economic and market research; and general support of acquisition and development activities including travel.Major Responsibilities:

• Prepare proforma models for potential multifamily and student housing development deals
• Support the development team as needed, including feasibility analysis, financing activities and project management
• Assist in daily tasks including but not limited to updating acquisition and disposition reports, analysis of broker valuations and presentations
• Prepare offering memorandums for investors and lenders
• Prepare market surveys for development projects
• Support due diligence activities including consultant coordination, document control, lease audits, sale and rent comp analysis, and development pipeline summaries
• Research and compile demographic and economic information for relevant submarkets for all projects
• Review local market reports for information on current and expected rent growth, occupancy, pipeline, etc.
• Assist in preparation of Investment Committee books and attend various meetings and conference calls for all real estate investment activities
• Provide general financial analysis support
• Participate in development meetings
• Travel to evaluate potential acquisition and development deals
• Establish relationships with local brokers and others in the industry

Corporate Responsibilities

• Work as part of the Acquisitions and Development team coordinating frequently with all departments including legal, finance, property management and construction.
• Assist in special projects or activities as designed by the company including company events, conventions, and industry functions.

Requirements:

• Bachelor’s Degree in Business, Finance, or related field
• Minimum of 5+ years related experience; valuation and/or investment analysis experience preferred
• High level of attention to detail and strong organizational skills
• Strong proficiency in MS Excel, PowerPoint, and Word
• Excellent quantitative, analytical, critical thinking and problem-solving abilities
• Positive attitude, integrity, and reliability

Compensation & Benefits:

• Starting base salary with opportunity for bonus
• Company Benefits: Medical, Vision, Dental, 401(k)
• Many opportunities for professional and personal development and career growth
• Opportunities to travel

Expected salary:

Location: Carlsbad, CA

Job date: Fri, 28 Feb 2025 08:42:14 GMT

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