Sr Associate Real Estate Development

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POST DATE 8/27/2016
END DATE 11/16/2016

Bridgestreet Global Hospitality Reston, VA

Reston, VA
AJE Ref #
Job Classification
Full Time
Job Type
Company Ref #
Entry Level (0 - 2 years)
Bachelors Degree


Requisition Number

Post Date

Sr Associate Real Estate Development



BridgeStreet is a leading global hospitality company, providing an alternative to standard hotel accommodations with more than 50,000 apartments in over 60 countries.

BridgeStreet's furnished residences, serviced apartments and suites are strategically situated in key metropolitan locales ideal for business and pleasure, combining the luxuries of spacious apartment living with the benefits of hotel amenities. With nightly and extended stay options.

The Sr. Associate will assist the Director, Real Estate Development to manage the Company s short and long-term real estate portfolio with hands-on oversight and responsibility for execution against corporate strategy by market in the United States.

This role will, among other duties, be directly responsible for sourcing, recommending and adding new properties and units, conducting diligence and screening on operators and landlords, assisting with the negotiation of lease and related transactions (including without limitation, strategic alignment and agreements with leading REITS, development and multi-family companies).

This position is based at BridgeStreet s Home Office located in Reston, VA.

Assist the Director, Real Estate Development with the following: source, acquire, review and analyze significant amounts of geographic, demographic, psychographic, market comp, vertical specific and other related information needed to make an informed determination of, and recommendation for, acquiring, renewing, extending, or disposing of leased, managed or other portfolio properties.

Evaluate data on a wide variety of real estate matters, including Co-Star reports, title information, general market comps, new and planned developments and supply infusions, architectural design and documentation, security protocols, location and geographic particulars and property surveys
Assist the Director, Real Estate Development to secure fair terms on new leases, management

Drive reductions in rent-to-revenue metrics across all markets.

Demonstrated real estate experience with a national or international portfolio of leased properties

Proven understanding of the apartment/ serviced apartment and hospitality industry

Expertise with new and current national market development and site selection

Strong technical aptitude in a robust real estate management database

Sourcing, prospecting, networking and negotiating transactions

Must have strong closing skills

Microsoft Office Suite knowledge required, specifically Microsoft Excel

Strong analytical, prioritizing, interpersonal, problem-solving, multi-tasking and presentation skills

Ability to operate independently while establishing strong working relationships with co-workers and cross-functional teams

Strong, professional and effective verbal and written communication skills

Bachelor s degree from an accredited college or university
CPM certified or IREM member a plus

Domestic Travel (up to 50%)

Number of Employees supervised (approx.): 0

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