Development Associate - Phoenix, TX

Vensure Employer Services; Phoenix; On-site; ZAR 200 000 - 300 000; Full time

Job summary

A reputable logistics firm in KwaZulu-Natal is seeking a Development Associate to engage in the development process from deal sourcing to stabilization. Responsibilities include market analysis, underwriting investment opportunities, and collaboration on financing and leasing projects. Candidates should have a Bachelor's degree and a keen interest in real estate development. Proficiency in tools like Microsoft Excel and Argus is crucial. This position requires multitasking abilities and attention to detail.

Qualifications

• Interest in real estate development is essential.
• Strong written and verbal communication skills are necessary.
• Demonstrated analytical skills are required.

Responsibilities

• Interface with the brokerage community to drive deal opportunities.
• Conduct market research and make investment recommendations.
• Underwrite investment opportunities using Excel and Argus software.
• Compile Investment Committee Memoranda for transactions.
• Assist in the due diligence process to mitigate risk.

Skills

Real estate development interest

Proficiency in Microsoft Excel

Attention to detail

Ability to multi-task

Team-oriented

Education

Bachelor's degree

Tools

Microsoft Excel

Argus software

Job description

About Us

The company develops and acquires logistics properties across the Southwest, Texas and Southeast, utilizing a unique combination of 'old school' (industry experience & relationships) and 'new school' (data science) investment practices. The company is committed to achieving superior risk-adjusted returns for its investors and positive outcomes for customers, brokers, colleagues, and the community by striving for superior market knowledge and relationships.

Position Summary

The Development Associate is a critical role at the company. This person is deeply involved in every step of the development process from start (deal sourcing) to finish (stabilization & value creation). This person will help define strategy through in-depth analysis of market data/research, front-line development of brokerage relationships to source opportunities, lead the underwriting/investment committee process, contribute to due diligence, entitlements, and site planning, and work on key elements of the execution, including sourcing/securing financing and leasing of projects. General responsibilities will include, but are not limited to:

Essential Duties and Responsibilities

• Regularly interface with the brokerage community across applicable markets to obtain market information and drive deal opportunities
• Complete market research and form investment recommendations – through communication with brokers and third‑party data providers – to analyze relevant lease comparables, sale comparables, competitive sets, development pipelines, and general market data.
• Underwrite development and value‑add acquisition investment opportunities using Excel and Argus software, including developing proforma cash flows, supporting schedules, and sensitivity analyses.
• Compile Investment Committee Memoranda for potential transactions. Content may include maps, investment merit narrative, outlining potential risks/mitigations, market color, and underwriting support.
• Assist throughout the due diligence process to identify/mitigate risk and optimize site plans for functionality and cost.
• Service‑mindful contribution to efforts in sourcing and securing construction financing
• Collaboration with construction management to ensure accurate budgeting and monthly draws.
• Coordinate lease‑up of projects alongside Development Partner

Knowledge, skills and abilities

• Demonstrated interest in real estate development
• Proficiency in Microsoft Excel, PowerPoint, and Word
• Excellent attention to detail
• Ability to multi‑task and prioritize among numerous deals/tasks in a fast‑paced environment.
• Travel is required for market reconnaissance, industry events, and continuing education.
• Self‑Starter & Problem‑Solver
• Team‑oriented & Optimistic

Education & Experience

• Bachelor's degree required
• Strong written and verbal communication skills
• Demonstrated analytical skills