Real Estate Development Analyst

Gables Residential Services • McLean, VA

15h

About The Position

Be #gablesproud of where you work and become part of our team by applying for your new career with Gables TODAY! With an eye for detail and a passion for numbers, as a Development Analyst with Gables Residential you will support our investments team in determining the viability of multifamily (and mixed-use) projects. Whether raw land or existing apartment product, you will work with our team to evaluate development opportunities from analysis of each deal through stabilization. Your skills and knowledge of the multifamily industry will be used as you conduct feasibility analyses and complete financial pro-formas. When you become a Development Analyst with Gables, you will develop our product while developing your future. Assist in the analysis and underwriting of land acquisition opportunities Conduct feasibility analysis of deals including but not limited to detailed market analysis of comps, market conditions, financial feasibility, financial pro-formas. Assist Development team with financial and accounting functions for the project, including oversight of all project budgets, reviewing and approving all invoices for projects and coordinating with corporate-level finance and accounting areas on the generation of periodic financial statements and reports. Assist in the preparation and review of reports including quarterly market updates; monthly/quarterly property performance (variance reporting), annual strategic reviews and business plans Provide analytical and negotiation support on legal documents such as retail leases, lease modifications, tenant estoppels, vendor contracts etc. Develop and/or utilize financial models and software Generate adhoc reports Manage process and maintain integrity of regional market surveys. Additional duties directly related to real estate analysis as assigned by supervisor To perform this job successfully, an individual must be able to perform each essential duty well. The requirements listed below are representative of the knowledge, skills and abilities required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions of the job.

Requirements

• BS/BA in Finance, Real Estate, or related field required
• A minimum of 3 years of previous experience in multi-family and/or retail real estate is required, up to 5 years preferred.
• Demonstrated analytical and quantitative skills
• Effective oral and written communication skills
• Advanced Excel skills (spreadsheet applications)
• Proficiency in Microsoft Office Suite and ARGUS
• Time Management/Organizational skills
• Ability to prioritize work assignments to consistently meet critical work deadlines
• Team Building – ability to develop good working relationships with others
• Self-motivated; detail-oriented; exhibits initiative; resourceful

Responsibilities

• Assist in the analysis and underwriting of land acquisition opportunities
• Conduct feasibility analysis of deals including but not limited to detailed market analysis of comps, market conditions, financial feasibility, financial pro-formas.
• Assist Development team with financial and accounting functions for the project, including oversight of all project budgets, reviewing and approving all invoices for projects and coordinating with corporate-level finance and accounting areas on the generation of periodic financial statements and reports.
• Assist in the preparation and review of reports including quarterly market updates; monthly/quarterly property performance (variance reporting), annual strategic reviews and business plans
• Provide analytical and negotiation support on legal documents such as retail leases, lease modifications, tenant estoppels, vendor contracts etc.
• Develop and/or utilize financial models and software
• Generate adhoc reports
• Manage process and maintain integrity of regional market surveys.
• Additional duties directly related to real estate analysis as assigned by supervisor

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 1,001-5,000 employees