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RealAmerica Companies · 12 hours ago

DEVELOPMENT ASSOCIATE - Indianapolis, IN

Indianapolis, IN

Full-time

Onsite

Entry Level

2+ years exp

RealAmerica Companies is a firm focused on real estate development, and they are seeking a Development Associate to support the Development Team. The role involves managing various phases of the real estate development process, including site selection, financial analysis, and contract negotiation for affordable and market rate projects.

Real Estate

Responsibilities

Perform market research, demographic studies, apartment database reviews, and competitive analysis

Perform site selection for apartments, self-storage, and other development opportunities

Compare and contrast the Qualified Allocation Plans of various states

Coordinate and participate in multifunctional teams to analyze existing market conditions, unit mix, property and unit amenities and features, rental rates, and operational expenses at given properties

Develop a matrix of key competitors including property locations, specific amenities, and pricing in strategic markets and submarkets

Participate in the preparation of pre-development budgets and schedules for proposed projects from the initial phases including land contract negotiation, entitlements, and building permit approvals to the commencement of construction

Research all relevant financial assumptions for underwriting including items such as all permitting fees, impact fees, taxes, etc

Creation of financial models

Perform due diligence for partners and lenders

Participate in the preparation of LIHTC and other funding applications

Assist the Development Team in preparing and presenting investment packages

Participate in consultant meetings through pre-development and development stages

Participate in meetings with municipalities, neighborhood groups, design teams, and public hearings throughout the entitlement process

Assist in managing projects under construction to ensure adherence to development policies and procedures

Assist in the transition of the projects from development to construction and construction to management

Other duties as assigned

Qualification

Multifamily development experienceFinancial analysisLow-income Housing Tax CreditsBachelors degree in FinanceCreation of financial modelsHandle confidential issuesCommunication skillsDetail oriented