Multifamily-Development Associate - Tampa

Taleo Social Sourcing•Tampa, FL

8h•Onsite

About The Position

DHI Communities, a multifamily development division of D.R. Horton, Inc., is seeking a Development Associate - Multifamily to join the Operations Department. This role will be responsible for various tasks related to the direct development of assigned projects and will assist the Managing Director. D.R. Horton, Inc. is the largest homebuilder in the U.S., founded in 1978, and is publicly traded on the New York Stock Exchange. The company focuses on constructing and selling high-quality homes for the entry-level and first-time move-up markets, and also provides mortgage financing and title services through its subsidiaries.

Requirements

Bachelor’s degree in Finance, Accounting, Economics or a related degree from a four-year college or university
Three to five years related experience and/or training
Proficient in advanced Excel Financial Modeling
Proficient in Adobe
Ability to apply common sense understanding to carry out instructions furnished in written, oral form or via DRH applications
Proficiency with MS Office and email

Nice To Haves

Registered planner or engineer
Experience with Multifamily Municipalities and entitlement preferred

Responsibilities

Source and underwrite development opportunities
Prepare pro-formas and financial projections for potential developments projects
Conduct field investigations which include: creating rent studies off the competitive properties, completing detailed analysis of the immediate neighborhood, high level evaluation of entitlements and in-depth summary of the land sales, and multifamily apartment sales in the immediate area
Manage zoning, entitlement, and permitting activities
Perform underwriting process, including analysis of market information, operational expense data, and estimated hard and soft costs
Establish project timeline and spending forecasts
Compilation of components for investment packages
Presentation of development opportunities
Coordinate with construction personnel as necessary 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 Development team in running the disposition process which includes, preparing properties for sale, creating financial evaluations, selecting brokers, negotiating purchase and sale agreements, and working with buyers from due diligence period through close
Establish and maintain communication and progress with local officials, brokers, consultants, etc.
Participate in decision making process regarding product, mix, parking, and design
Conducts all business in a professional and ethical manner to serve customers and increase the goodwill and profit of the company