Real Estate Development Associate

Presbyterian Homes & Services•Roseville, MN

10h•$32 - $41•Onsite

About The Position

Presbyterian Homes & Services is seeking a Real Estate Development Associate to join their team at Senior Housing Partners. Senior Housing Partners, a wholly owned subsidiary and the real estate arm of PHS, specializes in developing, acquiring, and rehabbing multi-family senior housing with a goal of developing and preserving senior housing. The properties owned and operated by PHS have robust resident services to assist residents.

Requirements

Bachelor's degree required
Demonstrated basic knowledge of real estate development, finance, design, and management.
Demonstrated basic knowledge of due diligence and financial underwriting.
Experience with financial analysis using Excel or similar spreadsheet program is required.
Strong writing and editing skills and experience conducting research and analysis.
Proficiency with Word, Excel, and PowerPoint is required
Must be a team player with flexibility, personal integrity, and strong attention to detail.
Excellent oral, written, and interpersonal communication skills.
Ability to work within specific timelines and travel up to 10% of the time.
Demonstrated ability to read, write, speak and understand the English language to communicate with all customers.
Demonstrated compatibility with PHS' mission and operating philosophies.

Nice To Haves

master's degree in related field (real estate, urban planning, architecture, business or finance) preferred.
Experience with GIS software is a plus.
proficiency with MS Project is preferred.

Responsibilities

Manage day-to-day tasks for assigned development projects and pipeline activities, including maintaining databases, spreadsheets, schedules, budgets, financing records, construction administration documentation, and lease-up trackers.
Assist in analyzing the financial feasibility of properties considered for development, acquisition, and redevelopment, including performing pro forma financial analysis.
Prepare pro forma development budgets and property operating budgets under the direction of leadership.
Coordinate the preparation of requests for proposals, bid solicitations, contracts, and other project documents.
Perform site visits of potential property acquisitions and assist leadership in market analysis and preparation and review of due diligence reports.
Solicit consultant and contractor services for due diligence, design, and construction; review and evaluate responses; and support selection and engagement of service providers.
Assist with the preparation of debt and equity financing applications and support the project team in closing debt and equity financing, including coordinating required documentation and managing the closing checklist.
Assist leadership with the construction administration process by coordinating the flow and filing of construction documents, and analyze progress against project schedule.
Prepare accurate and timely internal and external reports on project budgets, schedules, financing, construction administration, lease-up activities, and overall project progress.
Support neighborhood and community development planning efforts and prepare presentations for meetings with tenants, stakeholders, and government officials.