Development Associate, Senior Housing

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POST DATE 9/13/2016
END DATE 10/12/2016

Alliance Residential Company Escondido, CA

Escondido, CA
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Full Time
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Job Description: The Role.The DevelopmentAssociate position will report to the area Managing Director and will focus onsenior housingdevelopment support across the country. The candidate will be responsible for a variety of supporting duties including the preparation of financial models and proformas, managing the entitlement process, analyzing the feasibility ofsenior housing (independent living, assisting living, memory care and active adult)development projects, assist in the creation of investor/lender presentation packages,and assembling and presenting market research information. The DevelopmentAssociate will also be responsible for assisting in the preparation and tracking of budgets and project proformas to ensure that development projects are completed on schedule, within budget and in compliance with the terms of joint venture and loan agreements. The candidate will be an integral part of large development projects in all aspects of the business, including direct coordination with the project operations, financing, and construction. The office is a dynamic, entrepreneurial environment - the successful candidate must be a team-oriented, proactive, self-starter with an eagerness to learn and grow, and have passion for the real estate development process. The Key Responsibilities.Assist in evaluating potential new development sites from zoning and entitlements to financial feasibilityConduct detailed market surveys and perform quantitative and qualitative analysis of competitive landscapeUnderwrite the value of senior housing real estate development projects by developing and applying quantitative analytical modelsParticipate in conducting and managing the due diligence process on targeted development projectsCollect and integrate project data, including construction cash flow requirements, operating income and expense projections and financing assumptions for project proformasCompose written and graphical summaries and memorandums regarding potential development projects for internal and external presentationInterface and negotiate with governmental jurisdictions on entitlement and zoning issuesAssist in managing monthly draw processesTrack job cost against budget and report to management on projected savings or overrunsThe Basics. Understanding of the real estate and development industry Effective organizational, prioritization and time management skills Excellent verbal, written and presentation communication skills Ability to work independently with minimal supervision, and to push need-to-know information upstream as warranted Strong aptitude for building and manipulating financial models Willingness and patience to iteratively improve/refine work product