Development Analyst

Greystar•Boston, MA

6d•$95,000 - $114,000•Onsite

About The Position

Supports the execution of the Company’s development platform by performing financial analyses of development opportunities, preparing appropriate documents to facilitate the underwriting and closing of real estate transactions, interfacing with brokers, equity partners, institutional clients, and the Company’s development leadership, and tracking and reporting on the status of multifamily transactions within the assigned geographic markets.

Requirements

Financial analysis of development opportunities
Creation of detailed pro-forma and financial models
Gathering, compiling, investigating, and analyzing market data
Preparing narrative development memoranda, detailed reports, and market summaries
Establishing and maintaining productive relationships with local market brokers, institutional and equity partners, lenders, real estate owners, and other key stakeholders
Managing on-going communications related to proposed development transactions
Identifying, investigating, and referring potential acquisitions and other real estate transactions
Assisting in preparing financial, market, and other documents required for new business pitches and RFPs
Organizing, leading, and/or participating in the due diligence on properties under contract
Developing documentation and recommendations on key findings
Monitoring and reporting on the status and progress of proposed development transactions
Establishing critical timelines and deadlines for tasks and activities
Identifying and effectively addressing issues or problems
Completing various human resources, financial, administrative, and other reports and analysis

Responsibilities

Conducts financial analysis of development opportunities, including the creation of detailed pro-forma and financial models.
Gathers, compiles, investigates, and analyzes market data to identify potential development opportunities, and prepares narrative development memoranda, detailed reports, and market summaries that provide insights on proposed acquisitions.
Establishes and maintains productive relationships with local market brokers, institutional and equity partners, lenders, real estate owners, and other key stakeholders, and appropriately manages on-going communications related to proposed development transactions.
Identifies, investigates, and refers potential acquisitions and other real estate transactions to appropriate Greystar leadership, and assists in preparing financial, market, and other documents required for new business pitches and RFPs.
Organizes, leads, and/or participates in the due diligence on properties under contract, and develops documentation and recommendations on key findings that may affect the return and financial performance of the proposed deal.
Monitors and reports on the status and progress of proposed development transactions within the assigned geographic region, establishes critical timelines and deadlines for tasks and activities related to the proposed transaction, and identifies and effectively addresses issues or problems that could otherwise adversely affect closing.
Completes various human resources, financial, administrative, and other reports and analysis, and performs other duties as assigned or as necessary.

Benefits

Competitive Medical, Dental, Vision, and Disability & Life insurance benefits
Low (free basic) employee Medical costs for employee-only coverage; costs discounted after 3 and 5 years of service.
Generous Paid Time off
15 days of vacation
4 personal days
10 sick days
11 paid holidays
Birthday off after 1 year of service
Additional vacation accrued with tenure
Onsite housing discount at Greystar-managed communities (subject to discount and unit availability)
6-Week Paid Sabbatical after 10 years of service (and every 5 years thereafter)
401(k) with Company Match up to 6% of pay after 6 months of service
Paid Parental Leave
Lifetime Fertility Benefit reimbursement up to $10,000 (includes adoption or surrogacy)
Employee Assistance Program
Critical Illness, Accident, Hospital Indemnity, Pet Insurance and Legal Plans
Charitable giving program and benefits