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Wood Partners

Development Associate

Salary
Competitive
Employment
Full Time
Real Estate Field
  • Development
Location
Sausalito
 CA
Postal Code
94965
Country
United States

This job is no longer active.

Description


Assist the Development Team with all aspects of real estate development including, but not limited to: deal sourcing, financing, entitlement, government approvals, consultant coordination, public relations, design, Project management, construction oversight, and leasing/marketing,

JOB DUTIES:

• The Development Associate should develop a knowledge of all potential development sites in the market and devise a plan for pursuing them.

• The Development Associate is responsible for quickly developing preliminary information relative to a potential site such as the quality and location, development trends in the submarket, the location of comparable apartment sites, impact fees and real estate taxes,

• 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.

• Research and analyses: benchmark economic activity in target markets by tracking rents, sales per square foot, operating costs, competitive supply and economic expansion activity.

• Prepare financial packages, including deal memorandums, annual operating plans, financial forecasts and strategic plans.

• Working with the Investment Deal Team(s) to review due diligence information and feasibility analysis of potential acquisitions.
• Assist in negotiating and drafting contract terms and scope with design consultants and contractors.

• Responsible for the day-to-day management of development projects including the oversight of project contractors and consultants.
• Responsible for maintaining project timeline, ensuring milestones are met on time and within budget.
• Provide reports related to project status to Senior Development Staff, Investments Deal Team and other stakeholders.

• Assist Senior Development Staff in securing the appropriate approvals, certifications, permits, etc. from city and other government agencies as required.
• Manage project documents including discretionary and non-discretionary approvals, agency releases/declarations/determinations, easements, covenants, tract maps, construction documents, A/E design and engineering plans and specifications, contracts/change orders, closeout documentation.

 • Assist in coordinating loan draws, forecasting project budgets and cash flows, and managing project deliverables.
• Tracking and reporting project status to investors, lenders, and joint venture partners

• Assist with monthly construction progress reporting including but not limited to schedules, applications for payment, etc.

EDUCATION/EXPERIENCE REQUIREMENTS: (including certification, licenses, etc.)
• Bachelor’s degree in Real Estate Development, Design/Architecture, Construction or related major. Advanced Degree preferred.
• Minimum of two years' experience in real estate development and/or construction with demonstrated knowledge of real estate development and construction process including a focus in project management.

• Must have experience with financial valuations and evaluations of property.

• Must show prior experience and success derived from taking initiative, managing business as a leader and understanding the quantitative side of business.

Job Functions


  • Acquisitions
  • Development
  • Project Management
 

Job Sector


  • Residential
 

Experience


2+ to 5 years


This job is no longer active.

 
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