Multifamily Development Associate: Underwrite, Plan & Grow

D.R. Horton; Atlanta (GA); On-site; USD 70,000 - 110,000; Full time

Benefits offered by this job

Medical, Dental and Vision

401(k)

Employee Stock Purchase Plan

Flex Spending Accounts

Life & Disability Insurance

Vacation, Sick, Personal Time and…

Multiple Voluntary and Company-proiv

Job summary

D.R. Horton, Inc. is seeking a Development Associate - Multifamily to join the Operations Department in Atlanta, GA.

You will source and underwrite development opportunities, prepare pro-formas, conduct field analyses, and manage entitlements and permitting to drive project success. Collaborate with construction teams, third party consultants, and local officials to meet budgets and timelines while maximizing returns on multifamily investments.

Qualifications

• 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.

Responsibilities

• Source and underwrite development opportunities.
• Prepare pro-formas and financial projections for potential developments projects.
• Conduct field investigations which include rent studies of the competitive properties, detailed analysis of the neighborhood, entitlements and land sales, and multifamily apartment sales in the area.
• Manage zoning, entitlement, and permitting activities.
• Perform underwriting analysis of market information, operating expense data, and estimated hard and soft costs.
• Establish project timeline and spending forecasts.
• Compile components for investment packages.
• Present development opportunities to stakeholders.
• Coordinate with construction personnel to meet budget and timing targets.
• Work with third party consultants on construction plans, entitlements and financing.
• Strategize with third party property management to maximize returns during lease-up.
• Support development team in running the disposition process including preparing properties for sale and negotiating sales agreements.
• Establish and maintain communication with local officials, brokers, consultants, etc.
• Participate in decisions on product, mix, parking, and design.
• Conduct business professionally to serve customers and increase goodwill and profit.

Education

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

Tools

Advanced Excel Financial Modeling

Adobe

MS Office

Job description

D.R. Horton, Inc. is seeking a Development Associate - Multifamily to join the Operations Department in Atlanta, GA.

You will source and underwrite development opportunities, prepare pro-formas, conduct field analyses, and manage entitlements and permitting to drive project success. Collaborate with construction teams, third party consultants, and local officials to meet budgets and timelines while maximizing returns on multifamily investments.