What are the responsibilities and job description for the Real Estate Development Analyst position at Gables Residential Services?
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With an eye for detail and a passion for numbers, as a Development Analyst with Gables Residential you will support our investments team in determining the viability of multifamily (and mixed-use) projects. Whether raw land or existing apartment product, you will work with our team to evaluate development opportunities from analysis of each deal through stabilization. Your skills and knowledge of the multifamily industry will be used as you conduct feasibility analyses and complete financial pro-formas. When you become a Development Analyst with Gables, you will develop our product while developing your future.
- Assist in the analysis and underwriting of land acquisition opportunities
- Conduct feasibility analysis of deals including but not limited to detailed market analysis of comps, market conditions, financial feasibility, financial pro-formas.
- Assist Development team with financial and accounting functions for the project, including oversight of all project budgets, reviewing and approving all invoices for projects and coordinating with corporate-level finance and accounting areas on the generation of periodic financial statements and reports.
- Assist in the preparation and review of reports including quarterly market updates; monthly/quarterly property performance (variance reporting), annual strategic reviews and business plans
- Provide analytical and negotiation support on legal documents such as retail leases, lease modifications, tenant estoppels, vendor contracts etc.
- Develop and/or utilize financial models and software
- Generate adhoc reports
- Manage process and maintain integrity of regional market surveys.
- Additional duties directly related to real estate analysis as assigned by supervisor
To perform this job successfully, an individual must be able to perform each essential duty well. The requirements listed below are representative of the knowledge, skills and abilities required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions of the job.
Education
BS/BA in Finance, Real Estate, or related field required
Professional Experience
A minimum of 3 years of previous experience in multi-family and/or retail real estate is required, up to 5 years preferred.
Attendance and Travel
The position is exempt from overtime and may entail working hours as needed to perform the position requirements satisfactorily. The position is scheduled for a typical 40-hour workweek, however portfolio/regional demands may be great and the associate should expect to potentially work significantly more hours.
Skills:
Demonstrated analytical and quantitative skills
Effective oral and written communication skills
Advanced Excel skills (spreadsheet applications)
Proficiency in Microsoft Office Suite and ARGUS
Time Management/Organizational skills
Ability to prioritize work assignments to consistently meet critical work deadlines
Team Building – ability to develop good working relationships with others
Self-motivated; detail-oriented; exhibits initiative; resourceful
An Equal Opportunity Employer - M/F/D/V.
If you're passionate about exceeding goals and providing exceptional customer service experiences, come join Gables in our mission of Taking Care!
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