This Development position is designed to be a talent development and onboarding role into Greystar's international development platform. The team member will be based in Greystar's Global Headquarters in Charleston for 12 - 18 months and then become a member of an international development team. There will be two phases to this role if performed successfully:
International Development Operations Responsibilities (Phase I):
Manage sustainable and efficient processes applicable to European, Asia-Pacific, and South American development teams including: proforma and financial model reviews and maintenance, development and construction software implementation, research and feasibility best practices, development and construction status reporting, functional design reviews, and financial due diligence.
Support financial analysis of development opportunities, including creating detailed pro-forma and financial models for review as well as feasibility studies for new international markets.
Participates in the Investment Committee process for all international deals through auditing of development models, memo reviews, and compiling deal notes for review by Investment Committee.
Provide support to the regional development teams and helps to compile and analyze market data for the investment memoranda and market summary reports for newly proposed projects.
Development Responsibilities (Phase II):
Source new development opportunities through research and market interactions and relationship-building.
Conduct financial analysis of development opportunities, including creating detailed pro-forma and financial models for review.
Gather, compile and analyze market data and prepare investment memoranda, detailed reports, and market summaries that provide insights on proposed projects.
Prepare financial, market, and other documents required for new business pitches and RFPs.
Participate in the due diligence on development sites under contract and prepare documentation on key findings that may affect the return and financial performance of the proposed deal.
Oversee active development tasks relating to planning/entitlement, permitting, estimating, preconstruction, financing, construction, marketing.
Complete various human resources, financial, administrative, and other reports and analysis, and perform other duties as assigned or as necessary.
Identify areas for improvement, offer suggestions to improve the overall efficiency and productivity of the development discipline, and introduce procedures and activities that control costs, improve quality, and drive efficiencies in the development process.
Keep abreast of current changes in technology, processes, and standards within the industry and area(s) of responsibility by attending internal and external training classes, research and/or subscribing to the internet or other professional publications or utilizing other appropriate method(s) to obtain business and professional information, and apply knowledge and practices to area(s) of responsibilities.
Knowledge, Skills, Abilities:
Strong work ethic. Willingness to collaborate. Ability to communicate clearly and effectively.
Foreign language skills for target international market.
Real estate experience preferred (i.e. construction, development, design, property management, etc.) combine with strong analytical skills.
Proficiency with Microsoft Office suite. Particularly MS Excel and MS PowerPoint. Ability to create and audit detailed financial models in Excel.
Depending on the position offered, regular full-time and part-time team members may be eligible to participate in a bonus program in addition to their base salary. Once eligible, team members may participate in the 401k plan. Regular, full-time team members are also offered a range of medical, financial, and/or other benefits from which to choose.
Greystar will consider for employment qualified applicants with arrest and conviction records.
National Platform with Local ExpertiseGreystar, founded in 1993, provides world-class service in the multifamily real estate business. Our innovative business model integrates the management, development and investment disciplines of the multifamily industry on both national and local levels. This unique approach and our commitment to hiring the very best multifamily professionals have resulted in record growth, making us one of the most respected and trusted multifamily real estate companies in the country.Because our business model includes both investment and service-oriented businesses, we’re able to maintain a constant presence in local markets and create value in all phases of the real estate cycle. Our national platform provides economies of scale, financial sophistication, institutional quality reporting and tremendous capital relationships, while our city offices provide local market expertise and execution.Our dedication to redefining excellence in apartment living means we’re constantly exploring innovative ideas and pioneering new ways to serve our residents and clients. The Greystar team is more than 5,300 team members strong and growing. Check out the latest opportunities.