Job DescriptionThe Development Analyst supports the Greystar development group in a diverse range of activities from acquisition through project execution by performing market research, financial analyses and underwriting, coordinating entitlement, design, and construction, interfacing with brokers, equity partners, and institutional clients, and tracking and reporting on the status of multifamily and mixed-use construction projects within the Northeast region. Responsibilities:
Conducts financial analysis of development opportunities, including the creation of detailed pro forma and financial models. Gathers, compiles, investigates, and analyzes market data to identify potential development opportunities, and prepares narrative memoranda and detailed reports.
Establishes and maintains productive relationships with local market brokers, institutional and equity partners, lenders, real estate owners, and other key stakeholders, and appropriately manages on-going communications related to proposed development transactions.
Identifies, investigates, and refers potential development opportunities, and assists in preparing financial, market, and other documents required for new business pitches and RFPs.
Organizes, leads, and/or participates in the due diligence on properties under contract, and develops documentation and recommendations on key findings.
Support a diverse range of development activities including site planning, design, permitting and entitlement, accounting and budget tracking, branding and marketing, and leasing coordination.
Monitors and reports on the status and progress of construction projects, establishes critical timelines and deadlines for tasks and activities, and identifies and effectively addresses issues or problems.
Completes various human resources, financial, administrative, and other reports and analysis, and performs other duties as assigned or as necessary.
EducationCollege degree in related field, and/or equivalent experience is highly preferred.Qualifications
Minimum of 2 years of relevant work experience in real estate, finance, or consulting.
Passion for real estate and local market dynamics.
Strong quantitative and analytical skills with proven financial modeling skills.
Demonstrated ability to read, write, and communicate effectively.
Expert-level proficiency in Excel, Word, and PowerPoint. Ability to quickly learn new software and systems to complete, design, and develop required reports and documents.
Excellent interpersonal and relationship-management skills in order to establish, cultivate, and maintain relationships with brokers, institutional and equity partners, owners, lenders, and the variety of professionals with whom Greystar does business.
Strong organizational, time-management, and project management skills in order to effectively track, report, and manage multiple projects and priorities where meeting deadlines is critical.
Entrepreneurial disposition and eagerness to pursue new tasks with limited direction.
About usGreystar is the global leader in multifamily real estate, offering expertise in property management, investment management, and development and construction of rental housing. Established in 1993, Greystar is the largest property management operator in the world. Its dedicated team members and a commitment to hiring the very best multifamily professionals has resulted in record growth, making Greystar one of the most respected and trusted real estate companies. EOE.
Internal Number: 35888BR
National Platform with Local ExpertiseGreystar, founded in 1993, provides world-class service in the multifamily real estate business. Our innovative business model integrates the management, development and investment disciplines of the multifamily industry on both national and local levels. This unique approach and our commitment to hiring the very best multifamily professionals have resulted in record growth, making us one of the most respected and trusted multifamily real estate companies in the country.Because our business model includes both investment and service-oriented businesses, we’re able to maintain a constant presence in local markets and create value in all phases of the real estate cycle. Our national platform provides economies of scale, financial sophistication, institutional quality reporting and tremendous capital relationships, while our city offices provide local market expertise and execution.Our dedication to redefining excellence in apartment living means we’re constantly exploring innovative ideas and pioneering new ways to serve our residents and clients. The Greystar team is more than 5,300 team members strong and growing. Check out the latest opportunities.