Multifamily-Development Associate - Atlanta

D. R. Horton; Atlanta (GA); On-site; USD 60,000 - 80,000; Full time

Benefits offered by this job

Medical, Dental and Vision

Employee Stock Purchase Plan

Flex Spending Accounts

Life & Disability Insurance

Vacation, Sick, Personal Time and Company Holidays

Job summary

A major homebuilding company in Atlanta is seeking a Development Associate to assist in managing multifamily development projects. Responsibilities include sourcing opportunities, preparing financial projections, conducting field investigations, and managing zoning and permitting. A Bachelor's degree in a relevant field and 3-5 years of experience are required. The position offers benefits including medical, dental, and life insurance as well as vacation time.

Qualifications

• Three to five years related experience and/or training.
• Proficient in advanced Excel Financial Modeling.
• Ability to apply common sense understanding to carry out instructions furnished.

Responsibilities

• Source and underwrite development opportunities.
• Manage zoning, entitlement, and permitting activities.
• Compile components for investment packages.
• Support the Development team in running the disposition process.

Skills

Advanced Excel Financial Modeling

Proficiency with MS Office

Ability to carry out instructions

Education

Bachelor’s degree in Finance, Accounting, Economics or a related degree

Job description

Job Description

Description

D.R. Horton, Inc., the largest homebuilder in the U.S., was founded in 1978 and is a publicly traded company on the New York Stock Exchange. It is engaged in the construction and sale of high quality homes designed principally for the entry-level and first time move-up markets. The Company also provides mortgage financing and title services for homebuyers through its mortgage and title subsidiaries. Please visit our website atwww.drhorton.com for more information.

DHI Communities is a multifamily development division of D.R. Horton, Inc.

DHI Communities is currently looking for a Development Associate - Multifamily in the Operations Department. The right candidate will be responsible for various tasks related to the direct development of assigned projects. Assist the Managing Director.

Essential Duties and Responsibilities

Source and underwrite development opportunities

Prepare pro-formas and financial projections for potential development 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

Compile components for investment packages

Present 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 the 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

Conduct all business in a professional and ethical manner to serve customers and increase the goodwill and profit of the company

Qualifications

Education and/or Experience

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

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

Preferred Qualifications

Registered planner or engineer

Experience with Multifamily Municipalities and entitlement preferred

Benefits

• Medical, Dental and Vision
• Employee Stock Purchase Plan
• Flex Spending Accounts
• Life & Disability Insurance
• Vacation, Sick, Personal Time and Company Holidays
• Multiple Voluntary and Company provided Benefits