Associate, Multifamily Development

Ares Management Corporation•Denver, CO

1d•$110,000 - $140,000

About The Position

This Associate, Multifamily Development will be a key player in helping to manage and execute development functions and projects for the Ares Residential Management (ARM) Denver multifamily portfolio. They will be partnering with both internal and external development management teams and overseeing Project Managers, Coordinators, Contractors, Architects, Engineers, and Consultants on assigned projects throughout the territory. In addition, this team member will support the Managing Director of Multifamily Development on development opportunities and will be responsible for entitlement analysis and procurement. They will be responsible for directing Design Consultants, contract preparation and management, project scheduling, and document and budget management. The Associate will also collaborate with other key members on land acquisitions, legal, finance, due diligence, and budgeting new development.

Requirements

Bachelor’s degree or equivalent experience.
2-4 years of experience in multifamily development or real estate finance.
Ideal candidate will be an experienced and proven development professional with an established track record of success.
Ability to create complex Excel models and perform detailed financial analysis.
Demonstrating superior analytical skills and providing a strong attention to detail.
Ability to assimilate market data, comparable property property data, development cost information and a wide range of data sources to formulate decisions on new development opportunities (re-write as needed).
Demonstrated leadership, coaching, and mentoring capabilities.
Experience with the entitlement process and zoning related matters.
Ability to motivate, mentor, and communicate well with employees, customers, and other outside contacts.
Strong Proficiency in Microsoft Excel and Microsoft PowerPoint.
Confidence to work independently yet within a highly collaborative environment.
Excellent technical, analytical, organizational, and communication skills.
Knowledge of business and management principles involved in strategic planning, resource allocation, and coordination of people and resources.
Excellent organizational skills including strong follow-through and multi-tasking skills within a fast-paced environment.

Responsibilities

Lead underwriting efforts on multifamily development pursuits.
Assist team in site and building design, layout, and specifications.
Work with all municipal and government agencies to obtain necessary development entitlements.
Assist with the initial land purchase, structuring, documenting, due diligence, and closing.
Oversight of the selected Architects, Civil Engineer, and other professional team members.
Oversee and manage third party service providers.
Assist in the production of the Investment Committee and Board Memos including due diligence review of plans and specs, geotechnical report, environmental traffic studies, entitlements, and cost estimates.
Manage all contracts and other required documents.
Create and manage milestone schedules for entitlement and construction.
Ensure all pre-construction requirements are in place such as the construction loan, insurance, bonds, and notice to proceed.
Attend design meetings and job site meetings.
Work with title companies and municipalities to process easements, dedications, maps, and other various land instruments.
Manage all budgets and proformas.
Review and approve the draw requests.
Review and approve onsite performance of construction quality, schedule adherence, and design conformity.
Review and approve all changes in the scope of work.
Interface with all internal departments for integration of project into the system such as Acquisitions, Accounting, Finance, Legal, Due Diligence, and Asset Management.
Manage the transition of completed projects to Asset Management.
Manage the closing of all projects including securing all required closing deliverables such as architects notice of substantial completion, final payments, unconditional lien waivers, certificates of occupancy, and all other completion and closing documents.