Development Analyst

Lawson•Virginia Beach, VA

6h•$59,800 - $80,850•Onsite

About The Position

We are currently seeking a Development Analyst to join our growing team. The role is based in Virginia Beach, VA, and will provide support in all areas of real estate investment and development. Opportunities for future advancement are significant and will be earned as the candidate demonstrates mastery of his or her responsibilities. The successful candidate can expect to be exposed to acquisition of land and income-producing assets, rehabilitation and repositioning of existing properties, and ground up development. By leveraging complex capital resources, the role will be involved with the capitalization of Low-Income Housing Tax Credit (LIHTC) multifamily residential projects. The candidate will work closely with a Development team that oversees all facets of ground-up development, including feasibility, contract due diligence, preconstruction development, construction, and stabilization. As part of Lawson, recognized as a Best Places to Work in Multifamily award winner with more than fifty years of experience developing, building, and managing multifamily real estate in Virginia, you'll be valued in a supportive environment that appreciates your contributions. Lawson offers a collaborative workplace culture, competitive benefits, and ample opportunities for professional growth. Lawson team members are united by a vision for the future that is based on purpose and a set of shared core values. By emphasizing personal accountability and teamwork, our employees are offered a high degree of autonomy and authority.

Requirements

0-3 years of relevant experience in real estate development, acquisitions, investment analysis, finance, or a related field
Bachelor’s degree in Finance, Real Estate, Economics, Accounting, Business, or a related field
Advanced Excel and financial modeling skills
Strong financial and business acumen with an interest in commercial and multifamily real estate development
Demonstrated ability to analyze development opportunities and perform financial feasibility analysis
Demonstrated ability to thrive in a fast-paced, multi-task environment, balancing competing priorities and multiple project assignments
Ability to communicate effectively with colleagues and stakeholders both internally and externally
Capacity to execute autonomously and as part of a team
Willingness to solve complex problems
Strong written and verbal communication skills

Nice To Haves

Exposure to LIHTC or affordable housing preferred

Responsibilities

Source new development opportunities to expand Lawson’s robust pipeline
Perform financial underwriting to determine feasibility of ground-up development projects and to project economic return over long-term holding of an asset
Conduct due diligence on potential developments through detailed market research including analysis of land sales, comparable properties, demographic trends and profiles, as well as cost to construct and operate an asset in the given area to enhance accuracy of underwriting
Conduct market, zoning, and financial feasibility analysis
Prepare investment memoranda and materials for internal investment committee discussions
Acquisitions & entitlements support
Assist in contract structuring and negotiations
Ad hoc research & analysis
Support development activities through entitlement and early design phases