Real Estate Development Associate
- Job Title
- Real Estate Development Associate
- Job ID
- 27750727
- Location
- Carlsbad, CA
- Other Location
- Description
-
Company:
Established in 1955, The Dinerstein Companies (TDC) has developed and acquired over 75,000 multi-family units and 44,000 student housing beds nationwide. TDC is vertically integrated specializing in development, construction, and property management of the nation’s finest apartment communities. Currently, TDC has $2.8 Billion in Assets Under Management and since 2010, has developed $5.02 Billion, purchased $1.37 Billion, and sold $4.17 Billion in for-rent apartments. The company is also one of the leading “green” developers in the country with a total of $3.07 Billion in LEED product completed or currently under construction. TDC has been voted Houston Chronicle’s Best Place to Work for the last 5 years as well as ranked #1 Student Housing Manager and #2 Conventional Property Manager based on the Online Reputation Assessment by J Turner Research.
Job Summary:
The Real Estate Development Associate will be based in TDC’s West Coast Office in Carlsbad, CA. Job responsibilities include financial modeling of development deals; economic and market research; and general support of acquisition and development activities including travel.
Major Responsibilities:- Prepare proforma models for potential multifamily and student housing development deals
- Support the development team as needed, including feasibility analysis, financing activities and project management
- Assist in daily tasks including but not limited to updating acquisition and disposition reports, analysis of broker valuations and presentations
- Prepare offering memorandums for investors and lenders
- Prepare market surveys for development projects
- Support due diligence activities including consultant coordination, document control, lease audits, sale and rent comp analysis, and development pipeline summaries
- Research and compile demographic and economic information for relevant submarkets for all projects
- Review local market reports for information on current and expected rent growth, occupancy, pipeline, etc.
- Assist in preparation of Investment Committee books and attend various meetings and conference calls for all real estate investment activities
- Provide general financial analysis support
- Participate in development meetings
- Travel to evaluate potential acquisition and development deals
- Establish relationships with local brokers and others in the industry
Corporate Responsibilities- Work as part of the Acquisitions and Development team coordinating frequently with all departments including legal, finance, property management and construction.
- Assist in special projects or activities as designed by the company including company events, conventions, and industry functions.
Requirements:
- Bachelor’s Degree in Business, Finance, or related field
- Minimum of 5+ years related experience; valuation and/or investment analysis experience preferred
- High level of attention to detail and strong organizational skills
- Strong proficiency in MS Excel, PowerPoint, and Word
- Excellent quantitative, analytical, critical thinking and problem-solving abilities
- Positive attitude, integrity, and reliability
Compensation & Benefits:- Starting base salary with opportunity for bonus
- Company Benefits: Medical, Vision, Dental, 401(k)
- Many opportunities for professional and personal development and career growth
- Opportunities to travel
