Development Analyst
Austin, TX
Job Description
Greystar, a fully-integrated national multifamily investment, development, and property management company is looking for a Development Analyst in our Austin office.
Greystar is looking for a highly-motivated, self-starter to assist with underwriting new target opportunities and processing existing development pursuits. The Development Analyst will assist the Development Team within all aspects of real estate development including, but not limited to: financial analysis of development opportunities, creating pro-forma and financial models, preparing investment memoranda, participate in site due diligence, financing, design and construction oversight.
Education
The ideal candidate will possess:
Qualifications
Key responsibilities will include:
About us
Greystar™ is the global leader in multifamily real estate, offering expertise in property management, investment management, and development and construction of rental housing. Established in 1993, Greystar™ is the largest property management operator in the world. Its dedicated team members and a commitment to hiring the very best multifamily professionals has resulted in record growth, making Greystar™ one of the most respected and trusted real estate companies. EOE.
Greystar, a fully-integrated national multifamily investment, development, and property management company is looking for a Development Analyst in our Austin office.
Greystar is looking for a highly-motivated, self-starter to assist with underwriting new target opportunities and processing existing development pursuits. The Development Analyst will assist the Development Team within all aspects of real estate development including, but not limited to: financial analysis of development opportunities, creating pro-forma and financial models, preparing investment memoranda, participate in site due diligence, financing, design and construction oversight.
Education
The ideal candidate will possess:
- Expert-level proficiency in Microsoft Excel in order to complete, design, and develop required reports and documents.
- Thorough knowledge of real estate finance, key return metrics, and impactful deal assumptions
- Excellent interpersonal and relationship-management skills in order to establish, cultivate, and maintain productive relationships with brokers, institutional and equity partners, owners, lenders, and the variety of potential clients with whom Greystar does business.
- Strong organizational, time-management, and project management skills with the ability to manage multiple deadlines.
Qualifications
Key responsibilities will include:
- Perform financial analysis and due diligence for new development opportunities; assisting in underwriting, cash flow, and sensitivity analysis; responding to Requests for Qualifications or Proposals; and communicating with local brokers to advance site selection.
- Research and analyses: benchmark economic activity in target markets by tracking rents, sales comparables, operating costs, competitive supply and economic expansion activity.
- Assist in preparing business plans, including deal memorandums, financial forecasts and strategic plans for the internal investment committee as well as external debt and equity partners.
- Research potential sites by physically observing and visiting to better understand the market, as well as curating vast amounts of data for the market and submarket to present key takeaways and suggestions.
- Attend Owner-Architect-Contractor meetings and prepare required reports for ownership.
- Assist in coordinating construction draws, forecasting project budgets and cash flows, and managing project deliverables.
- Review vendor proposals, negotiate agreements, maintain vendor relationships, and process invoices.
- Assist in meeting coordination/scheduling, documenting meeting minutes, and file organization as directed.
About us
Greystar™ is the global leader in multifamily real estate, offering expertise in property management, investment management, and development and construction of rental housing. Established in 1993, Greystar™ is the largest property management operator in the world. Its dedicated team members and a commitment to hiring the very best multifamily professionals has resulted in record growth, making Greystar™ one of the most respected and trusted real estate companies. EOE.
Benefits provided
Health Insurance
401k Match
401k Retirement Plan
Dental Insurance
Short Term Disability
Long Term Disability
Personal Days
Internal Training Programs
Optical Insurance
Bonus Programs
Life Insurance
Paid Vacations
Intern Programs
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