Job Description
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 Analyst 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 0-2 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
Job Tags
Full time, Local area,