Marissa Mendez
OHT Partners
OHT Multifamily Development is a leading builder and developer of luxury multifamily communities in the major Texas markets of Austin, Dallas-Fort Worth, Houston, and San Antonio. Since 2010, OHT Partners has principally developed 57 projects totaling 18,600 units and completed an additional 128 projects totaling 38,000 units as a general contractor for third-party clients.
Position Overview
We are seeking to hire a multifamily development analyst in our Houston, Texas office. This analyst will have the opportunity to work on all stages of the multifamily development lifecycle: market research, site selection, financial analysis, site feasibility, design, permitting, capitalization, construction administration, operations, and disposition. The Houston office has a significant development pipeline and operating portfolio, providing the opportunity to experience all facets of development quickly.
Key Responsibilities
• Performing market research
• Maintaining and developing databases for transactions and development opportunities
• Researching site-specific information and development constraints
• Underwriting in Excel multifamily development opportunities
• Coordinating site development feasibility and overseeing various consultants
• Coordinating with architects, engineers, interior designers, and other consultants
• Assisting with design direction and reviewing plans
• Overseeing permit processes with various governmental authorities
• Coordinating with OHT Construction to price various design elements and produce budgets
• Reviewing construction budgets, subcontractor bids, and value engineering proposals
• Writing, preparing, and assembling debt and equity offering memorandums
• Coordinating due diligence and closing with lenders and investors
• Performing site visits on construction sites and tracking completion of resulting action items
• Reviewing monthly construction draws and managing the overall budget and schedule
• Coordinating design changes with consultants and the construction team
• Reviewing and approving submittals from subcontractors for various key finishes
• Selecting and ordering furniture, fixtures, and equipment for the projects
• Coordinating turnover from construction to property management
• Assisting property management with rent setting, expense management, and budgeting
• Visiting completed assets to ensure proper presentation and operations
• Oversee property tax protests and insurance renewals
• Coordinating dispositions with the brokerage community and buyers
• Assist in answering investor requests for information
Qualifications
• Degree in Finance, Accounting, and/or Engineering preferred
• 2 plus years of experience in Finance, Real Estate, or related field
• Real estate capital markets, lending, acquisitions, and/or development experience preferred
Preferred Skills
• Excellent financial modeling skills, including thorough knowledge of Excel
• Proficiency in PowerPoint and Word
• Experience with Yardi, OneSite, and Axiometrics/Market Analytics a plus
• Excellent quantitative, analytical, critical thinking, and problem-solving abilities
• Strong written and oral communication skills
• Excellent attention to detail and organizational skills
• Genuine interest in the industry, a strong work ethic, and being a self-starter are required
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