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OVERVIEW OF POSITION: With an eye for detail and a talent for spotting potential, as a Development Associate with Gables Residential you will scout acquisition opportunities and transform them into successful 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. With fine-tuned communication skills, you will act as a liaison to third parties indulging inspection consultants, legal counsel and various government representatives. As a valued member of the Development team, you will assist in coordinating the design of our products, including architecture and land planning, and as a trusted peer you will work with our Marketing team to create an effective marketing program. When you become a Development Associates with Gables, you will develop our product while developing your future.
RESPONSIBILITIES
- Assist the Director of Development and Regional VP in identifying new acquisition opportunities, including raw and improved land for new development, as well as identifying and underwriting acquisition opportunities of existing apartment product.
- Conduct feasibility analyses of deals, including detailed analysis of the market, comps, financial feasibility, land use issues and design. Collect and integrate detailed data to complete financial pro-formas.
- Solicit proposals and negotiate contracts with third parties involved in (a) due diligence activities on land or existing property purchases and (b) design, engineering and inspection consultants and other outside parties.
- Assist Director of Development in coordinating design, including architecture and related disciplines, land planning, landscape architecture and civil engineering.
- Assist Director of Development in coordinating all approvals and permitting for projects, working with the Civil Engineer and Legal Counsel.
- Work with Residential Services to develop a marketing program and oversee implementation through stabilization.
- Assist Development Director 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.
- Stay abreast of market trends with regard to product design, product features, demographics and competitors’ activities, including maintaining a database of information relating to submarket development/construction pipeline data.
Education
A high school education or equivalent is required. Must be currently pursuing a Bachelor's or Master's Degree. The position does require the ability to read and write English fluently, and the ability to accurately perform basic to intermediate mathematical functions.
Skills
Basic knowledge of statistics, advanced spreadsheet skills, writing and communications
Software
MS Excel, word, PowerPoint expert levels
Licenses
A valid driver’s license and current automobile insurance is
required.
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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