What are the responsibilities and job description for the Senior Development Associate position at Crescent Communities?
Crescent Communities is a nationally recognized, market-leading real estate investor, developer, and operator of mixed-use "communities." We create high-quality, differentiated multifamily and commercial communities in many of the fastest growing markets in the United States. Since 1963, our development portfolio has included more than 85 multifamily communities and 24 million square feet of commercial space. Crescent Communities has offices in Charlotte, DC, Atlanta, Orlando, Nashville, Dallas, Denver, and Phoenix. Our multifamily communities are branded NOVEL, RENDER and HARMON by Crescent Communities, our industrial developments are branded AXIAL by Crescent Communities, and our life science developments are branded THE YIELD by Crescent Communities.
Job Summary
Position will assist the development team for commercial projects from concept to disposition in specific regions or cities. The Senior Development Associate will contribute to Crescent's success by providing support to the planning, project management, and financial oversight of new-build development projects while maintaining a high level of compliance with Crescent Values and expected levels of excellence. Position will report to the Industrial Managing Director in the development of commercial investments from concept to disposition.
Essential Functions
Education and Experience
Minimum
We offer a full benefits package starting day one that includes health, dental, vision, paid time off, paid holidays, 401k plan, paid STD/LTD, parental leave, charitable match, wellness subsidy, community involvement, summer hours, education reimbursement, employee assistance program, hybrid flexible schedules and much more!
WORK ENVIRONMENT
This document describes the position currently available and serves only as a summary of the typical functions of the job. It is not an exhaustive or comprehensive list of all possible job responsibilities. Tasks, responsibilities and duties of the jobholder may differ from those outlined. Other duties, as assigned might be part of the job. It is not an employment contract. Our company reserves the right to modify job duties or job descriptions at any time.
Crescent Communities, LLC is an Equal Opportunity Employer
An equal opportunity employer, Crescent Communities treats each individual fairly in all employment decisions without regard to race, color, gender, religion, age, sex, gender identity, national origin, sexual orientation, veteran, disability or any other protected status by federal or local law.
Crescent Communities, LLC participates in E-Verify
PI266106623
Job Summary
Position will assist the development team for commercial projects from concept to disposition in specific regions or cities. The Senior Development Associate will contribute to Crescent's success by providing support to the planning, project management, and financial oversight of new-build development projects while maintaining a high level of compliance with Crescent Values and expected levels of excellence. Position will report to the Industrial Managing Director in the development of commercial investments from concept to disposition.
Essential Functions
- Assisting the Managing Director in the evaluation of sites for industrial development, including site feasibility studies, market assessments and investment underwriting.
- Coordinate responsibilities associated with the analysis, planning, and development of Commercial projects
- Assist in reviewing broker packages, underwriting and project feasibility analysis and drafting LOIs
- Assist in the due diligence process for new investment opportunities including extensive financial modeling
- Assist the development and construction teams with the entitlement, design and permitting of new investments
- Assist in the coordination, preparation, and presentation of investment materials to the Investment Committee and capital markets.
- Provide periodic project updates, including financials, schedule and other applicable specifics to regional leaders.
- Assist development leaders with contracts for design and construction team members incorporating input from the development and construction teams.
- Assist in requesting proposals, planning, programming, and implementation of items sourced through the development budget.
- Research and gain familiarity with target markets. Tour competitive market area properties & monitor new development projects and sales. Work with various data bases and applications, monitor competitors' new development projects and sales, and research and gain familiarity with target markets.
- Support investment analyses and offerings with market intelligence, including sales and rent comparables, supply/demand fundamentals, demographic and employment insights and other underwriting assumptions in support of Crescent's investment committee, investors, partners and lenders.
Education and Experience
Minimum
- Bachelor's degree in business, finance, real estate development, or related field required; MBA or Master's in Real Estate is a plus.
- 3-5 years of experience with related real estate development and/or real estate underwriting is required; preference will be for Commercial experience. Advanced computer skills using Word, Excel, Outlook, PowerPoint
- A comprehensive understanding of ARGUS software is preferred
- Strong interpersonal, negotiation, and communication skills
- Must have mastered real estate business acumen and have knowledge of real estate development terms
- Must display strong critical thinking skills and a successful background with making decisions on real estate projects
- Must have a collaborative work style and flourish in a team-oriented environment
- Must have demonstrated project management skills, strong work ethic and ability to meet tight deadlines
- Able to work independently and react well in a fast-paced environment
- Communicate and converse to exchange information
- Ability to operate a computer keyboard, phone, calculator and other office equipment with or without accommodations.
- Seeing to read a variety of materials
- Must be able to remain in a stationary position for extended periods of time
- Must be able to transport 10-25 lbs. (computer, files, etc.)
- Move about the office to access file cabinets, office machinery, etc.
- Ability to work under stressful, fast-paced conditions
We offer a full benefits package starting day one that includes health, dental, vision, paid time off, paid holidays, 401k plan, paid STD/LTD, parental leave, charitable match, wellness subsidy, community involvement, summer hours, education reimbursement, employee assistance program, hybrid flexible schedules and much more!
WORK ENVIRONMENT
- Professional office environment
- Flexible working hours are M-F, 8:00am – 5:00pm (alternate schedule may apply).
- Must have reliable transportation
- Ability to travel to field locations and stay overnight, if required
This document describes the position currently available and serves only as a summary of the typical functions of the job. It is not an exhaustive or comprehensive list of all possible job responsibilities. Tasks, responsibilities and duties of the jobholder may differ from those outlined. Other duties, as assigned might be part of the job. It is not an employment contract. Our company reserves the right to modify job duties or job descriptions at any time.
Crescent Communities, LLC is an Equal Opportunity Employer
An equal opportunity employer, Crescent Communities treats each individual fairly in all employment decisions without regard to race, color, gender, religion, age, sex, gender identity, national origin, sexual orientation, veteran, disability or any other protected status by federal or local law.
Crescent Communities, LLC participates in E-Verify
PI266106623
