Multifamily-Development Associate - Seattle

Overview

Assist managing director in sourcing, underwriting, and delivering multifamily development projects.

Key Responsibilities

• underwriting
• financial modeling
• proformas
• investment packages
• permitting
• construction coordination

Tasks

-Participate in decision making process regarding product, mix, parking, and design -Strategize with third party property management companies to maximize returns during lease-up -Support Development team in running the disposition process which includes, preparing properties for sale, creating financial evaluations, selecting brokers, negotiating purchase and sale agreements, and working with buyers from due diligence period through close -Source and underwrite development opportunities -Perform underwriting process, including analysis of market information, operational expense data, and estimated hard and soft costs -Establish and maintain communication and progress with local officials, brokers, consultants, etc. -Conducts all business in a professional and ethical manner to serve customers and increase the goodwill and profit of the company -Establish project timeline and spending forecasts -Coordinate with construction personnel as necessary to meet budget and timing targets -Compilation of components for investment packages -Work with third party consultants on construction plans entitlements and financing -Prepare pro-formas and financial projections for potential developments projects -Conduct field investigations which include: creating rent studies off the competitive properties, completing detailed analysis of the immediate neighborhood, high level evaluation of entitlements and in-depth summary of the land sales, and multifamily apartment sales in the immediate area -Manage zoning, entitlement, and permitting activities

Requirements

• excel
• financial modeling
• ms office
• adobe
• bachelor's
• 3-5 years

What You Bring

-Ability to travel overnight -Proficient in advanced Excel Financial Modeling -Proficiency with MS Office and email -Experience with Multifamily Municipalities and entitlement preferred -Registered planner or engineer -Ability to apply common sense understanding to carry out instructions furnished in written, oral form or via DRH applications -Proficient in Adobe -Three to five years related experience and/or training -Bachelor’s degree in Finance, Accounting, Economics or a related degree from a four-year college or university

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Benefits

-Vacation, Sick, Personal Time and Company Holidays -Employee Stock Purchase Plan -Multiple Voluntary and Company provided Benefits -Flex Spending Accounts -Medical, Dental and Vision -Life & Disability Insurance -Presentation of development opportunities

About D.R. Horton

-A prominent homebuilder that has expanded to become one of the largest in the United States. -Offers a wide range of housing options, including single-family, multi-family, and luxury residences. -Operates nationwide, creating communities tailored to diverse customer preferences. -Committed to providing affordable and high-quality housing solutions. -Engages in both residential and commercial real estate development. -Known for delivering projects on time and within budget. -A leader in modern design and energy-efficient living solutions. -Expanded significantly into the luxury housing market with notable projects. -Demonstrates strong financial health and consistent growth in revenue.

Sector Specialisms