Associate

The Associate role will be responsible for a full range of development tasks across a broad portfolio of assets. This role will work closely with VP of Transactions to coordinate due diligence, review contracts and reports, construct pro forma models, and assist in asset management throughout the development life cycle. The Associate position will also be responsible for maintaining and presenting pertinent information in various databases for the team. The Associate will report to the Director, Asset Management.

Functions of Position

Tasks and Duties to include:

• Manage project-specific due diligence tasks throughout initial property acquisition duration, including review of historical documents, current operations, new title and survey review, environmental assessments, geotechnical exploration, traffic impact studies, market analysis, and various other feasibility studies.
• Construct and develop pro forma models of monthly cash flows, project budgets, capital outlay forecasts, and other financial KPIs
• Work with accounting and development team to prepare monthly capital requests and development update report packages for internal and external partners
• Maintain central database of all active and delivered developments to highlight status, major milestones, project schedules, timelines, financial metrics, and other development specific KPIs
• Coordinate with escrow teams and title companies to efficiently manage transactions in the acquisition and disposition stages.
• Assist legal counsel with various contract related tasks, including background research, document and exhibit preparation, and execution. Common documents may include Letter of Intents, Purchase and Sale Agreements, Operating Agreements, Joint Venture Agreements, Development Management Agreements, acquisition/disposition Closing Documents, etc.
• Coordinate with institutional capital partners, banking organizations, brokerage and marketing teams involved in different stages of the development process. This includes managing cloud-based document sharing platforms that are maintained regularly with up-to-date project information.
• Demonstrate a high level of critical thinking and ability to create solutions to various unique development challenges regularly. This includes efficiently prioritizing tasks to meet the needs and deadlines of other team members and various outside partners.
• Various other development related tasks and ad hoc analysis as deemed necessary

Required Attributes

• Proactive
• TEAM Spirit
• Dependable
• Must hold bachelor degree in real estate, legal studies, project management, or finance. Master degree or advanced degree preferred
• Experience in commercial real estate and development preferred
• Ability to multitask and preference for a fast paced environment
• Teamwork: Work cooperatively and effectively with others to set goals, resolve problems, and make decisions that enhance organizational effectiveness.
• Decision Making: Assess situations to determine the importance, urgency and risks, and make clear decisions which are timely and in the best interests of the organization.
• Problem Solving: Assess problem situations to identify causes, gather and process relevant information, generate possible solutions, and make recommendations and/or resolve the problem.
• Behave Ethically: Understand ethical behavior and business practices and ensure own behavior and the behavior of others are consistent with these standards and align with the values of the organization

Reporting

The Associate will report to the Director of Asset Management

Evaluation

Annual review by the Director of Asset Management to include peer input. Review will be based on interactions and engagement with the TEAM, evidence of how you demonstrate company values, direct involvement in ongoing developments, assistance in bringing in new business, ability to problem solve and resolve issues decisively, and focus on customer service both internal and external

NOTE: This job description is not intended to be all-inclusive. Employee may perform other related duties as negotiated to meet the ongoing needs of the Team.

Attachments (1)

CRE - Associate - Job Description 091426.pdf