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The Equity Residential Investments Team is growing as we fine tune our footprint in existing markets and expand in new ones, with this exciting new opportunity based in either Dallas or Denver. Under the direction of the VP of Development, the Development Associate will support this growth by helping to oversee all facets of the development process. Our Development Team places development capital via both direct development projects and joint ventures, and the Development Associate will support both transaction types.
WHO YOU ARE
- Analytical and Creative. You like thinking outside the box to come up with smart solutions to new challenges, and you embrace the opportunity to live in the gray.
- A Strong Communicator. Your writing and speaking skills are clear and effective, helping you connect well with others.
- Organized and Confident. You are flexible, composed, and able to prioritize multiple tasks and deadlines simultaneously while confidently interacting with individuals across all levels of the organization.
- Motivated. You invest extra energy to reach your goals.
- A Solution-Oriented Team Player. You are united with teammates and follow through on commitments.
- A Self Starter: You are intellectually curious and goal oriented; you like to solve complex problems and find unique solutions.
WHAT YOU’LL DO
- Evaluate and manage multiple projects across EQR’s west and central markets, including Colorado and Texas. Assist in all facets of the development process, including:
- Managing underwriting model and competitive market surveys for all projects, including recommendations on revenue and operating expenses for each deal
- For direct development deals, responsibilities include assisting with site selection, purchase & sale agreements, design, entitlement, construction and lease-up
- For joint ventures, this includes sourcing new projects, assisting in the negotiation of joint venture and loan documentation, and deal due diligence, including analysis of entitlements and environmental issues, construction budgets and schedules, financial projections, market reports, and feasibility studies
- Partner closely with asset management, construction management, and property management leadership to ensure compliance with underwriting and business plan goals
- Assist in the development and documentation of transaction rationale and investment strategy, including preparation and presentation of materials to Investment Committee
- Performs other duties as necessary
REQUIREMENTS
- Bachelor’s degree or advanced degree in business, real estate, finance, architecture, engineering, or other related field.
- Must possess a strong analytical mindset, as well as excellent written and verbal communication skills.
- 3-5 years of development experience with expertise in Microsoft Excel and a strong understanding of financial and real estate concepts such as DCF, IRR, NPV, NOI, cap rates, etc.
- Experience with joint ventures preferred
- Knowledge of Austin, Dallas, or Denver real estate markets preferred
- Ability to travel and valid drivers’ license
- Please click here to learn more about Equity Residential’s Covid-19 Vaccination Requirements (Haga clic aquí para obtener más información sobre los requisitos de vacunación Covid-19 de Equity Residential).
Source: Equity Residential Career Page
