Ketone Partners LLC · 2 weeks ago
Senior Real Estate Development Analyst
Arlington Heights, IL
Full-time
Onsite
Mid, Senior Level
2+ years expKetone Partners LLC is seeking a Senior Real Estate Development Analyst to play a key role in supporting and expanding their real estate advisory and development platforms. This position involves working closely with senior leadership and project teams throughout the life cycle of commercial real estate projects, focusing on industrial and office properties.
Real Estate
Responsibilities
Analyze and evaluate development pro formas, operating statements, and investment assumptions to assess feasibility, valuation, and risk
Participate in site selection and early-stage deal evaluation, including market research, zoning review, and feasibility analysis
Prepare detailed financial models and projections reflecting development costs, operating revenues and expenses, historical performance, and current and projected market conditions
Underwrite acquisitions and development opportunities, including cash flow modeling and preparation of internal investment approval materials
Perform sensitivity analyses related to rental growth, exit cap rates, development costs, and projected investment returns
Research and analyze market conditions, including competitive landscape, pricing, demand fundamentals, and site-specific considerations
Prepare investment memoranda and support financing requests for lenders and equity partners
Assist with due diligence efforts and provide transaction support throughout the acquisition and development process
Support development projects from planning and design through construction, occupancy, and closeout, including budgeting, scheduling, procurement, and coordination with consultants and contractors
Assist with entitlement and permitting activities, including coordination with municipalities, engineers, architects, and land-use professionals
Review and interpret real estate-related documents, including purchase agreements, leases, contracts, work letters, surveys, and drawings
Assist with processing loan draws, payment applications, and lender reporting requirements
Support property and asset management activities, including operating budget preparation, variance analysis, capital planning, and performance reporting
Assist in the ongoing analysis of existing assets, including leasing activity, tenant performance, operating expenses, and long-term value optimization
Develop and maintain strong working relationships with brokers, lenders, consultants, attorneys, property managers, and other industry professionals
Qualification
Required
Bachelor's degree in real estate, finance, economics, business, engineering, or a related field
2-4 years of experience in commercial real estate analysis, development, investment, or related roles
Experience supporting underwriting of development and/or acquisition opportunities, including market research, cash-flow modeling, and return analysis
Strong financial modeling skills, including development and operating pro formas, sensitivity analyses, and scenario modeling
Familiarity with zoning, entitlements, and development processes sufficient to evaluate feasibility, risks, and timelines (direct management experience not required)
Ability to interpret construction budgets, schedules, and basic contract structures for analytical and reporting purposes
Experience working with or coordinating information from brokers, architects, engineers, contractors, and municipal agencies to support deal evaluation
High proficiency in Excel and comfort working with large data sets
Strong written and verbal communication skills, with the ability to present clear, concise analysis to ownership and senior leadership
Ability to manage multiple projects, work independently, and thrive in a lean, fast-moving, entrepreneurial environment
Preferred
Experience with ARGUS is a plus if applicable to the role
Company
Ketone Partners LLC
Ketone Partners (Ketone) is a full-service real estate development, project management and advisory company with national experience in the acquisition, development and management of commercial properties.
2-10 employees
Funding
Current Stage
Early StageCompany data provided by crunchbase