Senior Analyst Multifamily Development

Overview

Underwrite and analyze multifamily development projects, build models, support investment decisions.

Key Responsibilities

• underwriting
• financial modeling
• sensitivity analysis
• deal structuring
• market research
• investment memo

Tasks

-Coordinate with brokers, appraisers, and research teams to validate assumptions. -Support deal execution through diligence, including review of third-party reports, site visits, and entitlement considerations. -Run sensitivity analyses and scenario modeling to evaluate risk-adjusted returns. -Model a variety of equity structures and promote/waterfall distributions to evaluate returns for both sponsors and capital partners. -Analytical Rigor: Provides sensitivity and scenario analyses that identify risks and opportunities ahead of decision points. -Lead all underwriting efforts for multifamily development projects nationwide. -Synthesize financial, market, and development data into actionable insights for senior leadership. -Accuracy & Reliability: Produces underwriting models and IC materials with minimal revisions, reflecting sound assumptions and precise execution. -Collaborate with development, construction, and asset management teams to align underwriting with execution strategies. -Develop and analyze deal structures that incorporate various combinations of sponsor equity, balance sheet equity, joint venture equity, preferred equity, and debt. -Track and interpret multifamily market fundamentals, including supply/demand dynamics, cap rate movements, construction costs, and operating expense trends. -Communication Quality: Delivers written and visual materials for the Investment Committee that are clear, concise, and persuasive. -Partner with developers and executives to refine deal strategies and structure. -Source, review, and analyze rent, sales, and land comps to inform underwriting assumptions. -Model returns under different partnership structures, including preferred return hurdles, promote structures, and multi-tier waterfalls. -Leverage third-party research and broker reports to validate market positioning and investment theses. -Draft and prepare Investment Committee memoranda and supporting exhibits with clarity and precision. -Build, maintain, and refine detailed pro formas in Excel, incorporating assumptions related to rents, operating expenses, construction budgets, financing, and exit strategies. -Support capital-raising efforts by preparing materials that clearly present projected returns under different equity arrangements.

Requirements

• excel modeling
• argus
• costar
• capital structuring
• 3–6 years
• bachelor's

What You Bring

-Strong analytical abilities with the capability to interpret large datasets and distill key insights. -3–6 years of experience in real estate investment, development, or acquisitions with a strong focus on multifamily assets. -Capital Structuring Proficiency: Successfully models complex equity and waterfall structures, enabling the team to evaluate partnership alternatives with confidence. -Expert-level Excel modeling skills, including dynamic pro formas, scenario modeling, and data visualization. -Excellent written and verbal communication skills, with proven experience preparing board- or committee-level presentations. -Demonstrated experience building and auditing equity waterfall models (IRR hurdles, preferred returns, promote structures, multiple capital stacks). -Collaboration: Effectively supports developers and executives, consistently contributing value in cross-functional settings. -Market Insight: Demonstrates fluency in comps and market data, ensuring assumptions are well-supported by external benchmarks. -Strong business judgment and ability to think strategically about investment opportunities.Your Education and Experience: -Familiarity with Argus, CoStar, RealPage, or similar real estate tools preferred. -Highly detail-oriented, organized, and capable of managing multiple projects under tight deadlines. -Bachelor’s degree in Real Estate, Finance, Economics, or a related field. A Master’s preferred but not required.

People Also Searched For

About Century Communities, Inc. (Nyse:Ccs)

-Focuses on building single-family homes, townhomes, and condominiums. -Caters to a wide variety of buyers with entry-level and move-up homes. -Known for innovative designs and quality construction. -Offers mortgage services through its subsidiary. -Projects include suburban communities and urban developments focused on creating connected, livable spaces. -Adapts to market demands, adjusting home designs and pricing based on regional trends.

Sector Specialisms