Development Associate

Overview

Drive real estate development projects from acquisition through financing, design, construction and leasing.

Key Responsibilities

• financial modeling
• market analysis
• design coordination
• permit applications
• investor reporting
• project management

Tasks

-Participate in the process of sourcing new development and acquisition opportunities -Prepare comprehensive monthly reports for investors -Responsible for driving real estate development projects from beginning to end -Coordinate capital calls -Assist with negotiation and execution of contracts -Prepare project updates to investors and management -Assist the development management team throughout all project phases, including site acquisition, contracts, programming, entitlement, design, finance, construction, and leasing/marketing -Review and analyze Request for Proposals (“RFP”), as well as participate in the preparation of RFP submission packages -Track and analyze market comparables; and benchmark projects -Interpret financial performance with senior management -Participate and assist with preparation of government agencies program applications, such as HPD, DOB, DOT, City Planning, etc. -Create and modify complex financial models to include cash flow projections, valuation models and sensitivity analyses -Perform lender due diligence -Prepare pre development and development schedules -Oversee and coordinate drawing sets through design cycle

Requirements

• advanced degree
• bachelor's degree
• ms office
• budgeting
• 2+ years
• communication

What You Bring

-An advanced degree in Real Estate Development, Business Administration or similar preferred -Effective financial, interpersonal, and analytical skills -Proficient knowledge of MS Office (Excel, Word, Outlook) -Advanced knowledge of budgets, cost reports and accounting terms -Successful ability to present recommendations and interact with senior management and investment partners -Knowledge of general workflow and processes of building construction -High attention to detail -Minimum of 2 years of relevant experience in real estate development or investment, or other related activities in the real estate industry -Bachelor’s degree from an accredited university or college required -Effective oral and written communication skills

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Benefits

-Annualized Salary: $130,000 to $175,000 -Paid Time Off Benefits -Short and Long Term Disability Insurance -Employee Assistance Program -Life and AD&D Insurance -401(k) Plan -Medical, Dental, and Vision Insurance

About Extell

-Known for transforming the city skyline with iconic luxury residential and commercial projects. -Specializes in the development, construction, and operation of high-end properties in prime locations. -Projects include everything from residential towers to mixed-use complexes that redefine urban living. -Financially strong, with a proven track record of delivering innovative real estate developments on time. -Known for pioneering ultra-luxury residential spaces with cutting-edge design and state-of-the-art amenities. -Focuses on both residential and commercial spaces, creating vibrant communities in the heart of major cities.

Sector Specialisms