Development Analyst | Investments

Development Analyst | Investments

Chicago, IL or Fishers, IN

Remedy is an independent, full-service healthcare real estate company providing acquisition, development, leasing, management and strategy consulting services across the United States. Headquartered in Chicago, we are the largest private owner of healthcare properties in the country. Our national presence enables us to offer the right solutions in the right place. Our team is always thinking ahead. Real estate minds trained on where healthcare is going, with bright ideas on how to get our clients there. If you’re one of those bright minds, we’d like to meet you.

For additional information, please visit our websites at www.remedymed.com

Overview: We are looking for an experienced and analytical Commercial Real Estate Development Analyst with 5 years of relevant industry experience. The ideal candidate will assist in underwriting, financial modeling, market research, and project management to support our development pipeline. This role requires strong quantitative skills, attention to detail, and a passion for real estate development. The analyst will coordinate with the investment and development teams to create and maintain development underwriting proformas, work with lenders to secure financing, analyze complex joint venture and co-investment structures, and assist in transitioning projects to asset management.

Responsibilities:

• Research, analyze and evaluate potential development projects being considered to determine feasibility and valuation
• Draft investment memos and financial exhibits
• Underwrite and maintain development proformas. Including the ongoing maintenance and updating due to changes in the budget, leverage, market conditions, etc.
• Develop and analyze existing investment models with the ability to create new models
• Identify, communicate and present opinions on project soft costs (title, closing, legal, lender, etc.)
• Work with clients and prospective tenants to structure lease, development, and co-investment terms.
• Aid in the identification, evaluation and acquisition of potential developable land sites that meet the projects requirements.
• Coordinate project updates between the Development and Investment’s team as well as outside parties.
• Working with lending partners in the structure, appraisal, due diligence, and closing process of the construction financing.
• Assist the development and marketing teams in the RFP response and presentation process.
• Collaborate with asset management and leasing teams to transition assets smoothly into operations with up-to-date pro forma and budget assumptions

Qualifications:

The ideal candidate must posses the following qualifications:

• Bachelor’s degree in business, economics, real estate, or finance preferred
• 5 years of commercial real estate development experience required. Prior healthcare experience not required.
• Understanding in all phases of the real estate development process
• Should be familiar with navigating and creating complex financial development models for underwriting commercial real estate properties
• Familiar with various ground and space lease structures.
• Excellent interpersonal skills and team orientation
• Requires advanced knowledge of Excel and Microsoft Office
• Strong written and verbal communication skills
• Ability to travel occasionally
• Must be located in either Chicago, IL or Indianapolis, IN

$100-150K salary range, based on experience, plus bonus & benefits.

Now is a great time to join our growing team at Remedy! You will work side-by-side with firm leadership to serve clients and build the business, having a direct impact on the firm’s success. We offer competitive health benefits: Medical, Dental, Vision, Life (including spouse & child), 401K, STD/LTD, Parental leave, AD&D, and Commuter benefits. We offer flexibility in how and where you get your work done and meaningful relationships with clients, teammates and leadership who truly care about you and your development.

Remedy Medical Properties is committed to providing equal employment opportunities to all employees and applicants and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, marital status, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws.