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The Runnymede Corporation · 1 day ago

Real Estate Development Analyst I

Virginia Beach, VA

Full-time

Onsite

Entry, Mid Level

2+ years exp

The Runnymede Corporation is a commercial real estate development and management firm based in Virginia Beach, Virginia. They are seeking a detail-oriented Real Estate Development Analyst to provide support throughout the development process through financial analysis, market research, and project coordination.

CommercialCommercial Real EstateReal Estate

Hiring Manager

Shawn Buddenhagen

Responsibilities

Develop dynamic financial models for a range of commercial development projects, including proformas, cash flow projections, and sensitivity analyses

Update financial models to reflect changes in project costs, finance terms, market conditions, and project timelines

Conduct investment projections and analysis using metrics such as development yield, cash-on-cash returns, and debt service coverage ratios

Prepare feasibility and scenario analysis based on investment criteria for potential projects

Perform market analysis to provide data such as market rental rates/expenses, comparable sales, absorption rate projections, and land costs

Support the due diligence process, including compiling property data, reviewing zoning and regulatory information, and coordinating with consultants

Support the property rezoning process by assembling the required documentation and tracking progress

Reconcile project invoices and construction draws to contract terms

Track project costs to ensure they align with the budget. Provide variance reporting and analysis for changes in project costs

Forecast project cash requirements based on project progress and draw schedules

Track project progress against the project schedule and provide updates on delays and critical path items

Create development reports and presentations to inform the executive team and project stakeholders of project status, budget variance, special presentations, etc

Schedule and participate in meetings and site visits with project teams and consultants. Prepare and organize detailed meeting notes

Ensure project files such as construction documents, concept renderings, contracts, DD materials, etc. are organized and updated throughout the project cycle

Coordinate with Asset Management on operating budgets, project documents, and warranty information to facilitate project turnover

Qualification

Financial modelingReal estate analysisMarket researchMicrosoft ExcelReal estate financial softwareAnalytical skillsPresentation skillsProject management