Development Associate

About the Company - Founded in 2011, ACRE is a leading real estate private equity fund manager with a track record exceeding $6.0 billion across 160 transactions. As a vertically integrated owner-operator and institutional lender, ACRE has unique execution capabilities across the entire capital stack. Focused on US residential and multifamily housing, our investment teams leverage deep industry knowledge to deploy capital effectively from private equity and debt funds into value-add, development, and direct lending strategies. Headquartered in New York, with additional offices in Miami and Atlanta, ACRE currently manages a portfolio exceeding $4.0 billion on behalf of institutional investors.

About the Role - We are seeking a Development Associate to join our team! You will be responsible for managing and delivering various projects across ACRE's various portfolios.

Responsibilities

• Manage the creation and maintenance of schedules and be responsible for all deliverables required to execute the project(s), including acquisition, design, permits and approvals, construction, sales/leasing, marketing, and project close-out activities.
• Assist in Managing the Overall Budget and Pro-forma of Assigned Project(s). Create action plans and make adjustments to meet objectives where necessary. Ability to foresee and communicate budget concerns and apply solution-oriented logic to minimize losses and maximize profits.
• Solicit, manage, level, and present proposals for consultants and sub-consultants required for projects assigned.
• Manage project team and government officials and closely track status to secure all permits and approvals required to execute the Assigned Project(s) business plan.
• Ensure the regular delivery of all necessary project reports, whether daily, weekly, or monthly, and distribute them to both the internal team and any external parties as needed. The quality of these reports aligns with the company's established standards.
• Conduct research and development on building systems, materials product selection, costs and building codes.
• Distribute bid packages and review and evaluate bids and proposals from suppliers, vendors, and subcontractors.
• Obtain and review offers and quotes from selected contractors, subcontractors, and other service providers needed to complete the project work.
• Conduct quantity surveys and material takeoffs for assigned scope of work.
• Build and maintain relationships with key vendors (subcontractors, suppliers, engineers, etc.) and manage their databases.
• Participate in managing the budgets and estimates at various stages of each project and help to maintain the Master Budget Template, GMP Estimate Roll-Up, and cost guidance models for various key project inputs.
• Participate in project site inspections to ensure all plans, specifications, and subcontractor scopes of work are being adhered to, resolve issues and problems, and recommend, approve, and implement modifications to the project plans as needed.
• Manage the coordination of architectural and engineering disciplines as well as the functions of budgeting, contracting, scheduling, bidding, negotiating, purchasing, and value engineering.
• Substantially interface with architects, engineers, contractors, municipal officials, financial institutions, and all others necessary for design and construction implementation.
• Direct the bidding and purchasing of major components.
• Provide input to the origination of construction and design concepts during the pre-construction stage for future assigned projects.

Qualifications

• Bachelor's degree in Engineering, Real Estate Development, Construction Management, Architecture or a related field
• 3 years of significant achievement either within an architecture/engineering firm (preferred candidates will have worked on the construction documents or construction administration of multifamily projects), general contractor, or developer managing the execution of projects.
• AutoCAD, BIM Modelin,g or REVIT experience preferred.
• Proven ability to solve problems creatively
• Strong familiarity with project management software tools, methodologies, and best practices
• Ability to Prioritize/Multi-task
• Excellent analytical and problem-solving skills
• Strong interpersonal skills and extremely resourceful
• Proven ability to complete projects according to outlined scope, budget, and timeline
• Ability to work on and navigate a construction site to communicate all project assignments effectively.
• Travel may be required occasionally as and when projects require it.

Knowledge, Skills, Abilities

• Demonstrated ability to read, write, and communicate effectively to develop, comprehend, and complete legal, financial, construction-related, and human resources documents.
• Demonstrated proficiency in word processing, spreadsheet, and database management programs to complete required reports and employment documents.
• Demonstrated ability to read and decipher construction drawings, project specifications, and contractors' qualifications and assumptions.
• Solid knowledge and understanding of the development and new construction business, with a concentration in Multifamily construction.
• Conceptual ability to work with minimum information and quickly develop an understanding of the owner/architect requirements with a demonstrated imaginative, innovative, and succinct approach to a project.