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Posted: Sunday, January 21, 2018 6:58 AM

Job Description:/h3:
Summary: The Development Associate will also have primary responsibility for the creation of investor/lender presentation packages, preparation and tracking of budgets to ensure that development projects are completed on schedule, within budget and in compliance with the terms of joint venture and loan agreements.
What youll need:
:Bachelors Degree in business, science or other related discipline or Associates Degree and related experience. Strong preference toward Masters of Business Administration.
:A minimum of 2 years of multifamily development experience is preferred. Candidate will ideally have a background in real estate investment and finance, development, planning or architecture.
:Knowledge of key financial concepts and metrics as they relate to the multifamily real estate industry, including capitalization rates, internal rates of return, cash:on:cash returns and others.
:Thorough understanding of using Excel and understanding pro forma analysis.
:Ability to assemble high:quality presentations. Working knowledge of engineering and architectural plans.
:Working knowledge of contract law, zoning law, and construction management.
:Strong communication skills required.
What youll do:
:Assist Development Director with finding new development opportunities, running pro forma analysis to explore the feasibility of residential development projects, assessing project risk, pursuing the required entitlements and managing the design of the project so that the end product appeals to the targeted market.
:Responsible for quickly developing preliminary information relative to the site such as the quality and location, rent potential, development trends in the submarket, the location of comparable apartment sites, impact fees and real estate taxes.
:Responsible for a preliminary strategy concerning the type of product we should develop including unit mix, type and scope of amenities and any other key project features to target the preferred demographic and achieve the level of rents required.
:Responsible for leading and managing the due diligence effort when pursuing projects under contract. This includes collecting and managing the review of all potential risks and value drivers including title documents, project entitlements, environmental documents, soils analysis, etc.
:Responsible for preparing investment committee packages for internal review and finance packages to be sent to potential lenders and equity partners for projects under due diligence.
:Interface and negotiate with governmental jurisdictions on entitlement and zoning issues.
:Assist in the review and negotiation of contracts (purchase and sale, loan documents, partnership agreements, leases, easements, etc.).
:Additional responsibilities will include interfacing on a daily basis with designers, general contractors, architects and pre:construction staff on development and construction projects.
:Collect the information requested by or set forth in the checklist of the lender or equity partner.
:Responsible for primary oversight of the project as the representative of the Owner.
:Coordinate third party service provider contracts and marketing agreements, manage the monthly draw process and communication with the lender and equity partner, track job cost against budget and report to management on projected savings or overruns.
:Attend bi:weekly construction meetings and coordinate with construction to establish realistic turnover schedules for the lease office and apartment buildings, model and clubhouse furniture installation dates, approval of a lease:up budget and lease:up strategy.





Company Description:/h3:
For the last 15 years, NCW has built strong relationships with General Contractors, MEP Contractors and Engineering Firms throughout the country. We have earned exclusive recruiting responsibilities with some of the most reputable General Contractors and MEP Contractors, including many in

Source: https://www.tiptopjob.com/jobs/77204313_job.asp?source=backpage


• Location: Seattle

• Post ID: 61558317 seattle
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