Real Estate Associate - Development (Remote) | WFH

Position: Real Estate Development Associate (Remote)

Are you driven by a passion for real estate development and eager to contribute positively to our communities? We invite you to explore an exciting opportunity as a Real Estate Development Associate with our esteemed organization. In this pivotal role, you will work alongside diverse internal teams to spearhead innovative projects from inception to completion. Our portfolio includes a wide array of developments such as urban mixed-use spaces (residential and commercial), affordable LIHTC multifamily housing, and luxury housing solutions. As a premier developer in the Upper Midwest, our commitment lies in crafting real estate that fulfills community needs and fosters growth.

Location: Greater Minneapolis/Saint Paul Area (Hybrid remote/in-person work with occasional travel, approximately 10-15% as required)

Key Responsibilities

• Evaluate funding needs to guarantee the viability and sustainability of multifamily and mixed-use projects.
• Manage pre-development tasks, including acquisition, environmental assessments, project conceptualization, budgeting, cost analysis, and financing.
• Collaborate with team members and functional groups to create standardized proposals.
• Generate financial proformas for multifamily and mixed-use initiatives, leveraging various funding sources such as Federal and State Low Income Housing Tax Credits, Historic Tax Credits, New Market Tax Credits, Tax Increment Financing, and Tax Abatement.
• Organize due diligence documentation for varied stakeholders.
• Develop and oversee financing packages for lenders, investors, and project stakeholders.
• Aid in the preparation and submission of financing applications.
• Establish pre-development and operational budgets, cash flow analyses, and reserve evaluations.
• Construct comprehensive project timelines and schedules.
• Oversee project cash flows, construction draws, and budgets during both pre-development and construction phases.
• Cultivate and sustain relationships with private lenders, government officials, and private equity investors.
• Support the management of construction draws and budgets throughout pre-development and construction.
• Execute additional duties as assigned.
  
  

Required Skills

• Proficient in financial modeling and adept with a variety of analytical tools.
• Demonstrated ability to adapt to shifting priorities and effectively manage multiple stakeholder expectations.
• Proven track record of meeting deadlines within a dynamic environment.
• Quick learner with exceptional attention to detail and an understanding of the broader organizational context.
• Capable of multitasking while prioritizing effectively; skilled in both independent and collaborative work.
• Excellent verbal and written communication skills.
• Proficient in Microsoft Excel and data management.
• Willingness to extend work hours as necessary to meet project deadlines.
• Genuine enthusiasm for our mission, vision, and values.
  
  

Qualifications

• Bachelor's degree in Real Estate, Finance, or a related discipline.
• Relevant experience in business development and/or research and development within the industry.
• Proven experience in assisting with the development of at least six proposals for both commercial and non-commercial sponsors.
• Familiarity with Federal and State Low Income Housing Tax Credits, Historic Tax Credits, New Market Tax Credits, and Tax Increment Financing.
• Comprehensive understanding of the real estate transaction process, encompassing land/building acquisition and the closure of debt and equity.
  
  

Company Culture And Values

We foster a collaborative and inclusive environment, valuing diversity and encouraging individuals from various backgrounds to contribute to our mission of Building Communities and Enriching Neighborhoods.

Career Growth Opportunities

We are dedicated to the professional development of our team members, providing avenues for growth within the company and opportunities to take on new challenges. Your contributions will have a meaningful impact on our real estate development and management initiatives across diverse sectors.

Compensation And Benefits

• Salary: \(75,000 - \)85,000 annually, with eligibility for bonuses. Compensation is contingent on experience and skillset.
• Comprehensive benefits package, which may include:
• Medical, Dental, and Vision Insurance
• Employer-sponsored short-term disability and life insurance
• Additional supplemental insurance options
• Employer-funded employee assistance program
• Fully vested 401k matching program
• Paid holidays and a competitive PTO policy
  

We are proud to be an Equal Opportunity and Affirmative Action Employer. We strongly encourage individuals from diverse backgrounds, including women, minorities, individuals with disabilities, and protected veterans to apply.

Join Us!

Be a part of something exceptional and discover your place with us! Contribute to our mission of Building Communities and Enriching Neighborhoods, and make a significant impact in our real estate development and management operations across hotels, residential, and retail sectors.

Application Process

To be considered for this position, please complete our online application process. If you require reasonable accommodations to complete your application, feel free to reach out for assistance.

We look forward to welcoming you to our team!

Employment Type: Full-Time