Now Hiring - The Dinerstein Companies - Professional Services Real Estate Development Associate in Carlsbad, CA

Full description of the position

Company: Established in 1955, The Dinerstein Companies (TDC) has developed and acquired over 75,000 multi-family units and 44,000 student housing beds nationwide. TDC is vertically integrated specializing in development, construction, and property management of the nation's finest apartment communities. Currently, TDC has $2.8 Billion in Assets Under Management and since 2010, has developed $5.02 Billion, purchased $1.37 Billion, and sold $4.17 Billion in for-rent apartments. The company is also one of the leading "green" developers in the country with a total of $3.07 Billion in LEED product completed or currently under construction. TDC has been voted Houston Chronicle's Best Place to Work for the last 5 years as well as ranked #1 Student Housing Manager and #2 Conventional Property Manager based on the Online Reputation Assessment by J Turner Research. Job Summary: The Real Estate Development Associate will be based in TDC's West Coast Office in Carlsbad, CA. Job responsibilities include financial modeling of development deals; economic and market research; and general support of acquisition and development activities including travel. Major Responsibilities: * Prepare proforma models for potential multifamily and student housing development deals * Support the development team as needed, including feasibility analysis, financing activities and project management * Assist in daily tasks including but not limited to updating acquisition and disposition reports, analysis of broker valuations and presentations * Prepare offering memorandums for investors and lenders * Prepare market surveys for development projects * Support due diligence activities including consultant coordination, document control, lease audits, sale and rent comp analysis, and development pipeline summaries * Research and compile demographic and economic information for relevant submarkets for all projects * Review local market reports for information on current and expected rent growth, occupancy, pipeline, etc. * Assist in preparation of Investment Committee books and attend various meetings and conference calls for all real estate investment activities * Provide general financial analysis support * Participate in development meetings * Travel to evaluate potential acquisition and development deals * Establish relationships with local brokers and others in the industry Corporate Responsibilities * Work as part of the Acquisitions and Development team coordinating frequently with all departments including legal, finance, property management and construction. * Assist in special projects or activities as designed by the company including company events, conventions, and industry functions. Requirements: * Bachelor's Degree in Business, Finance, or related field * Minimum of 5+ years related experience; valuation and/or investment analysis experience preferred * High level of attention to detail and strong organizational skills * Strong proficiency in MS Excel, PowerPoint, and Word * Excellent quantitative, analytical, critical thinking and problem-solving abilities * Positive attitude, integrity, and reliability Compensation & Benefits: * Starting base salary with opportunity for bonus * Company Benefits: Medical, Vision, Dental, 401(k) * Many opportunities for professional and personal development and career growth * Opportunities to travel