Multifamily-Development Associate - Atlanta

D.R. Horton•Atlanta, GA

About The Position

DHI Communities, the multifamily development division of D.R. Horton, is hiring a Development Associate in the Operations Department. The role supports the direct development of assigned multifamily projects and assists the Managing Director. The associate evaluates development opportunities from sourcing and underwriting through permitting, construction coordination, lease-up, and disposition, while maintaining professional and ethical business practices.

Requirements

Bachelor’s degree in Finance, Accounting, Economics, or a related field from a four-year college or university.
Three to five years of related experience and/or training.
Proficiency in advanced Excel financial modeling.
Proficiency in Adobe.
Ability to apply common-sense understanding to carry out instructions provided in written or oral form or through DRH applications.
Proficiency with MS Office and email.

Nice To Haves

Registered planner or engineer.
Experience with multifamily municipalities and entitlements.

Responsibilities

Source and underwrite development opportunities.
Prepare pro formas and financial projections for potential development projects.
Conduct field investigations, including competitive-property rent studies, neighborhood analysis, high-level entitlement evaluations, and summaries of nearby land and multifamily apartment sales.
Manage zoning, entitlement, and permitting activities.
Underwrite opportunities by analyzing market information, operating expenses, and estimated hard and soft costs.
Establish project timelines and spending forecasts.
Compile components for investment packages and present development opportunities.
Coordinate with construction personnel as needed to meet budget and timing targets.
Work with third-party consultants on construction plans, entitlements, and financing.
Strategize with third-party property management companies to maximize returns during lease-up.
Support the Development team in property dispositions, including preparing properties for sale, creating financial evaluations, selecting brokers, negotiating purchase and sale agreements, and supporting buyers through due diligence and closing.
Establish and maintain communication and project progress with local officials, brokers, consultants, and others.
Participate in decisions regarding product, mix, parking, and design.
Conduct business professionally and ethically to serve customers and increase the company's goodwill and profit.