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Senior Development Associate

Salary
Competitive
Employment
Full Time
Real Estate Field
Location
Scottsdale
 AZ
Postal Code
85054
Country
United States

This job is no longer active.

Description


Company

Fore Property Company (FORE) is a full service, national real estate company that develops, builds and manages residential multifamily housing. With over three decades of experience, FORE has gained the expertise to identify the right opportunities and markets for our partners and develop high quality housing for our residents.

From start to finish, every project FORE takes on is carefully contemplated and executed to maximize investment return, cost efficiency, productivity and satisfaction for our partners and associates.

 

Summary

The Senior Development Associate will report directly to the Development Director and support the Development Team with managing multiple phases of the real estate development process (e.g., site selection, due diligence, financial analysis, budgeting, contract negotiation, site acquisition, investment package creation, permit processing, and general contractor management).  The Senior Development Associate should be prepared to actively support the Development Team on current and pipeline development deals in a substantial way that positively impact projects.

 

Essential Duties and Responsibilities (as determined by the Development Director)

  • Perform market research, demographic studies, apartment database reviews, and competitive analysis.
  • Coordinate and participate in multifunctional teams to analyze existing market conditions, unit mix, property and unit amenities and features, rental rates, and operational expenses at given properties. 
  • Develop a matrix of key competitors including property locations, specific amenities, and pricing in strategic markets and submarkets.
  • Participate in the preparation of pre-development budgets and schedules for proposed projects from the initial phases including land contract negotiation, entitlements, and building permit approvals to the commencement of construction.
  • Research all relevant financial assumptions for underwriting including items such as all permitting fees, impact fees, taxes, etc.
  • Creation of financial models and due diligence efforts for JV partners and lenders
  • Assist the Development Team in preparing and presenting investment packages.
  • Participate in consultant meetings through pre-development and development stages.
  • Participate in meetings with municipalities, neighborhood groups, design teams, and public hearings throughout the entitlement process.
  • Assist in managing projects under construction to ensure adherence to development policies and procedures.
  • Analyze the construction draw process and the monthly project schedules to determine if projects are on schedule and within the approved budget.
  • Assist in the transition of the product from construction to operations.

 

**Additionally, the Development Director may assign the Senior Development Associate special projects specifically suited to the employee’s interest, experience and qualifications. 

 

Knowledge, Skills, Abilities and Other Qualities

  • Must be a self-starter, highly motivated, and goal-oriented
  • Excellent interpersonal, written, and verbal communication skills
  • Must be able to work in a team environment
  • Strong analytical and problem-solving skills
  • Effective organizational, prioritization, and time management skills
  • Flexible and able to handle multiple projects and tasks simultaneously
  • Accurate, detail oriented, dependable, and punctual
  • Willingness and patience to iteratively improve/refine work product
  • Advanced MS Office Suite skills
  • Strong computer and Internet skills
  • Knowledge of construction processes
  • Ability and willingness to travel to various locations in California and Arizona as required

 

Education and Experience

  • Bachelor’s degree in Business Administration, Finance, Real Estate, Architecture, Civil Engineering, or Building Construction Management preferred
  • Graduate degree in Business Administration, Finance or Real Estate strongly preferred
  • 5+ years of multifamily development experience strongly preferred
  • Work experience and knowledge of Arizona markets strongly preferred

Job Function


 

Job Sector


 

Experience


2+ to 5 years


This job is no longer active.

Development Residential Scottsdale Full Time AZ Development Senior Development Associate other