Development Associate

Company: RELATED
Location: Irvine
Posted on: March 21, 2023

Job Description:

ResponsibilitiesPosition OverviewThe Development Associate will be responsible for supporting the affordable housing development team in all aspects of project development including: entitlements, design, financial analysis and modeling, deal memo preparation, due diligence, legal oversight, budgeting, and construction. This position is a key support position that will provide the candidate significant professional growth and exposure to all aspects of affordable housing development.This position will be based in Irvine or Los Angeles, California.To be considered, please ensure you submit a resume and cover letter with your application.Responsibilities include, but are not limited to:

• Assist with all aspects of the development of affordable multifamily projects: financing, entitlement/government approvals, consultant coordination, public relations, design, leasing/marketing, and construction oversight.
• Perform financial analysis and due diligence for new development opportunities, assisting in underwriting and cash flow analysis, and responding to Requests for Qualifications or Proposals.
• Assist in preparing business plans, including deal memorandums, annual operating plans, financial forecasts and strategic plans.
• Compile detailed financing applications for various municipal funding programs such as lowincome housing tax credits and tax-exempt bonds.
• Assist in coordinating loan draws, forecasting project budgets and cash flows, and managing project deliverables.
• Research and analyses: benchmark economic activity in target markets by tracking rents, sales per square foot, operating costs, competitive supply and economic expansion activity.
• Minimize exposure and risk on various projects.
• Effectively communicate relevant project information to senior project team members.Compensation
  • $75,000 - $100,000 / year
  • Annual performance based bonus Qualifications
    • Minimum Bachelor's Degree; preferably in real estate, business administration, public policy and planning.
    • Strong quantitative and MS Excel, Word, PowerPoint, Project skills are a prerequisite.
    • Experience in Adobe Suite a plus.
    • Strong project management skills, results-driven, with ability to manage multiple deadlines.
    • Complex thinker of high intelligence and demonstrates strong intellectual curiosity.
    • Experience, knowledge, and understanding of real estate development a plus.
    • Keen attention to detail.
    • High energy; possessed with drive.
    • Suitability to an entrepreneurial culture that places a premium on performance.
    • Must be a team player, but also a self-starter that can perform with limited direction.
    • Excellent written and verbal and communication skills.Please note that Related has adopted a COVID-19 vaccination policy to safeguard the health and well-being of our employees. As a condition of employment, Related employees working on-site are required to be fully vaccinated for COVID-19, unless a reasonable accommodation is approved or as otherwise required by law.Related values diversity in backgrounds and experiences. We are proud to be an equal opportunity employer and are deliberate about the team and culture we are building. We aim to ensure competitive total compensation that is commensurate with experience, workplace geography, and market standards.For information about how we use your personal information, including information submitted for career opportunities, please review our Privacy Policy at .#TRC #LI-JF1 OverviewFirm OverviewRelated California is a full-service real estate firm that has developed over 18,000 units of quality affordable and market-rate multifamily and mixed-use residential properties in California since its inception in 1989. Related California's developments range from urban infill, affordable, mixed-income and market rate multifamily developments, and are designed, built and managed to the highest standards regardless of the income level served. Related California prides itself on its track record of consistently developing best-in-class communities that represent industry benchmarks in design, construction, sustainability and property management.Company OverviewFormed in 1972, Related is the most prominent privately-owned real estate firm in the United States. Headquartered in New York City, the company has offices and major developments across the world. Related owns and manages a premier portfolio of assets valued at over $60 billion, including the 28-acre Hudson Yards neighborhood on Manhattan's West Side. Related believes in investing in its talent and cultivates a positive, team-oriented environment where every voice is valued. Employees are encouraged to boldly take on new challenges, transcend the status quo, and demonstrate strong entrepreneurial spirit. In its relentless commitment to excellence, Related works to foster an innovative approach in its team members so that they can positively impact the communities in which they conduct business. Learn more about Related at.

Keywords: RELATED, Irvine , Development Associate, Other , Irvine, California