Real Estate Development Analyst

The Real Estate Development Analyst is responsible for evaluating the real estate market, research, and monitoring market conditions and trends pertinent for making sound investment decisions and focus on providing asset management and consulting services to stakeholders in affordable housing.  As an Analyst, you will report to the Vice President of Real Estate Development and Vice President of Acquisitions and Asset Management and can work as part of a cross-functional team to analyze and evaluate affordable housing properties, portfolios, transactions, and organizations.  A real estate analyst helps the organization with inputs on financials, acquisitions and dispositions, market data, pricing, and leasing for certain properties.

ESSENTIAL JOB FUNCTIONS include the following.  Other duties may be assigned.

• Assist Senior Management, VP of Real Estate Development and VP of Acquisitions and Asset Management, in all aspects of the affordable housing development process.
• Support all development functions including market analysis, site selection, financial analysis, lender and investor due diligence, architectural and engineering design, entitlements, construction, on-going monitoring, owner sworn statement and draws. Explore refinancing options and complete tax credit applications.
• Assist in the creation and maintenance of detailed financial models.
• Analyze multifamily developments utilizing Low-Income Housing Tax Credits LIHTC and other affordable housing programs to determine project feasibility.
• Track project timelines and schedules.
• Assist in land acquisition, including preparation of LOI’s and purchase contracts with legal counsel, gathering of due diligence materials and tracking of contract timelines.
• Assist in securing the financial resources necessary to undertake various transactions, including preparing applications for tax credits, soft funding resources, and responses to Requests for Qualifications/Proposals.
• Assist in the financial closing with lenders and investors by gathering, reviewing and creating necessary due diligence items.
• Assist in the preparation of materials necessary for municipal and neighborhood meetings.
• Other duties as assigned.

MINIMUM QUALIFICATIONS

• Bachelor’s Degree in a related field (Real Estate, Finance, or Design Disciplines such as Architecture or Urban Planning) required; advanced degree preferred.
• Must have a minimum of 2-3 years of demonstrated real estate experience with a comprehensive understanding of contractual, entitlement, development, and construction of multifamily housing. Development of senior housing is a plus.
• Related experience or demonstrated interest in mission-driven real estate development, affordable housing, and/or community economic development.
• Strong critical thinking and analytical skills.
• Demonstrated ability to work independently, creatively, and accurately in a fast-paced environment with multiple projects and stringent deadlines.
• Strong quantitative, financial analysis and Excel modeling skills are required.
• Strong understanding of financing both Conventional, HUD and Tax Credit including financing guidelines and process, how to manage limited equity availability and understand how to evaluate sites quickly.
• Experience analyzing relevant qualitative datasets including but not limited to survey responses, zoning codes, or other local government ordinances.
• Demonstrated experience distilling, translating, and communicating complex analysis into key findings for specific audiences.
• Must have excellent analytical skills, be detail oriented, have good business sense, and be able to work on numerous projects concurrently and prioritize workload independently.
• Excellent communication, collaboration and presentation skills required.
• Strong understanding of financing both Conventional, HUD and Tax Credit including financing guidelines and process, how to manage limited equity availability and understand how to evaluate sites quickly.
• Valid Driver’s License, vehicle, insurance and good driving record.