What are the responsibilities and job description for the Associate, Development Manager position at Keller Augusta?
COMPANY OVERVIEW:
Our client is a leading, privately held commercial real estate company that specializes in the development of student housing, multifamily, and infrastructure projects across the United States. Founded in 1999, the firm has developed over 8 million square feet of improvements representing over $3 billion in asset value. The company also manages a discretionary equity fund that invests in projects alongside its institutional capital partners. Our client is headquartered in suburban Philadelphia, PA with a regional office in Charlotte, NC.
POSITION OVERVIEW:
The individual will enhance the Company’s development capacity in the Northeast and Southeast US. This person will be involved in every stage of the development cycle for student housing and multifamily projects.
The initial procurement stages for multifamily transactions include financial analysis and due diligence of land acquisitions being considered for development. For on-campus student housing opportunities, initial procurement often includes responding to RFPs by colleges & universities for the development of needed residence halls and other auxiliary uses for our client’s long-term ownership and management.
After successful project procurement, this individual’s responsibilities will include refinement of financial underwriting and managing the development process (e.g., assembling project design/engineering teams, programming, design coordination, entitlements, construction activities, and working closely with the client’s asset management team). Projects will typically be ground-up or redevelopment opportunities in urban or suburban communities of growth.
The position represents a unique opportunity to work closely with the company’s leadership to advance a career in real estate. The right candidate will be detailed, process-oriented, organized, thoughtful, a problem solver, good communicator, collaborator and excited to contribute to the company’s transformative growth.
RESPONSIBILITIES:
- Analyze project feasibility based on the goals of the development
- Responsible for day-to-day project management through all phases of development, including procurement, entitlements, design and construction
- Assemble and coordinate the design, engineering & construction teams and attend regular site visits and construction meetings to ensure on-schedule and on-budget delivery
- Assist in proposal writing efforts for on-campus student housing (as needed)
- Participate in financial analysis and structuring of transactions with assistance and supervision of our clients' underwriting team and legal counsel
- Prepare and maintain pre-development & development budgets and construction draws
- Navigate site plan and permitting processes with various public entities (including zoning, land use, traffic, stormwater, and others as required)
- Negotiate and manage contracts with third-party vendors
- Prepare internal and external monthly/quarterly reports pertaining to project status and asset performance
QUALIFICATIONS / SKILLS:
- Bachelor’s or master’s degree in Real Estate, Construction Management, Engineering, Finance, Urban Planning, Architecture, or related field
- 3 years real estate development experience, preferably in commercial housing projects. Client will consider candidates in a related field depending on individual’s qualifications
- Ability to travel frequently
- Strong quantitative & analytical skills and an understanding of how to create, interpret and analyze detailed financial analyses
- Ability to multi-task, meet deadlines and communicate effectively with internal and outside consultants, vendors, and stakeholders
- Well organized with attention to detail and strong negotiation skills
- Strong writing and presentation skills
- Proficient in Microsoft Excel, PowerPoint, and Word
