Position Summary
The Development Analyst is responsible for assisting the development team in the pursuit of new projects in California. This is a broad position meant for someone that enjoys acquisitions and wants to learn all aspects of the development process. This position will conduct numerous analyses of current market demographics; current rents; analysis of developmental sites in similar geographical areas; and other environmental and specification analysis. This position is also responsible for various assignments on projects under construction. The role is based in our Carlsbad, CA office.
Primary Responsibilities
- Conduct research and analysis for the development team for the pursuit of new development including research, market analysis and preliminary due diligence
- Prepare investment committee memo’s, equity investment prospectus books, debt prospectus books
- Submit data and research information for preliminary due diligence including soft cost research, preliminary environmental analysis, preliminary specification analysis, market analysis, financial feasibility, and presentations
- Coordinate with architect, engineer, landscape architects, interior designers, project managers and other team members
- Research zoning and master plan information, new development pipeline, transportation improvement plans and building and permit codes and fees
- Oversee construction draw process and develop monthly project reports
- Conduct market analysis to determine competitive rent rates, demographic analysis and competitive amenities offered in development area.
- Create pro forma for new developments including market information, operating expense data and estimated hard and soft cost
Desired Skills & Experience
- Bachelor’s degree in Business, Engineering, Architecture, Planning, Real Estate or other related field
- Strong desire to start and build a career in multifamily development and willingness to be a key member of the team, although several years of acquisition or underwriting experience is preferred
- Highly analytical and research driven
- Strong Excel and PowerPoint skills to prepare in-depth data and research analysis
- Polished communicator with ability to maintain strong working relationships
- Flexible and adaptable with excellent organization, time management and prioritization skills