RELATED
Responsibilities
The Development Associate will be responsible for supporting the development team in all aspects of their projects including: entitlements, design, financial analysis and modeling, deal memo preparation, equity and debt sourcing, due diligence, legal oversight, budgeting, construction, operations and asset management. This position is a key support position that will provide the candidate significant professional growth and exposure to all aspects of a development project. This position will be based in Irvine, California. We’ll trust you to: Create and manage detailed financial models and budgets for all components of the project including roll up models; Conduct market research, site assessments and other due diligence related to site acquisition and development feasibility; Author, maintain and manage the Project’s budgets, schedule and project trackers; Author financial forecasts, project reports and investment memoranda; Work with the team to advance the project’s entitlements and governmental approvals which will include a Specific Plan, Environmental Impact Report, Development Agreement and a Tract Map; Manage third party consultant contracts, budgets, schedules, scopes of work and deliverables; Attend and participate in project meetings and presentations, including: planning meetings, internal and external presentations, project coordination meetings, stakeholder meetings, and various workshops; Review and summarize existing retail leases, author and maintain existing retail lease databases, and assist in the negotiation and acquisition of existing retail leasehold interests; and, Underwrite new development and acquisition opportunities as they may occur. Compensation $130,000 - $160,000 / year Annual performance-based bonus
Qualifications
A minimum of a Bachelor’s degree, MBA or MRED preferred. Minimum of 2‐3 years of relevant experience (e.g. real estate, corporate finance, investment banking, management consulting, or private equity). Must be a team player, able to work well in groups , but also independent and a self‐starter that can perform with limited direction; Strong quantitative, financial analysis and modeling, advanced MS Excel skills are required; experience with Argus is a bonus; Strong project management skills, results‐driven, with ability to manage multiple deadlines; Exceptional time management and prioritization skills are also required to succeed in a fast paced environment, managing multiple projects with significant responsibilities and competing priorities; Strong attention to detail, along with a strong desire to grow and succeed are critical; Complex thinker of high intelligence and demonstrates strong intellectual curiosity; Excellent communication and interpersonal skills at all levels are critical to success at Related. Excellent written and verbal and communication skills; Deal instinct and owner mentality; High energy and possessed with drive; Suitability to an entrepreneurial culture that places a premium on performance; A passion for real estate. Related values diversity in backgrounds and experiences. We are proud to be an equal opportunity employer and are deliberate about the team and culture we are building. We aim to ensure competitive total compensation that is commensurate with experience, workplace geography, and market standards. For information about how we use your personal information, including information submitted for career opportunities, please review our Privacy Policy at
https://www.related.com/privacy-policy
. #TRC #LI-JF1#LI-ONSITE
Overview
Formed in 1972, Related is the most prominent privately-owned real estate firm in the United States. Headquartered in New York City, the company has offices and major developments across the world. Related owns and manages a premier portfolio of assets valued at over $60 billion, including the 28-acre Hudson Yards neighborhood on Manhattan’s West Side. Related believes in investing in its talent and cultivates a positive, team-oriented environment where every voice is valued. Employees are encouraged to boldly take on new challenges, transcend the status quo, and demonstrate strong entrepreneurial spirit. In its relentless commitment to excellence, Related works to foster an innovative approach in its team members so that they can positively impact the communities in which they conduct business. Learn more about Related at
www.related.com
. Firm Overview Related California, the West Coast affiliate of Related Companies, is a fully integrated real estate firm that develops multifamily residential and mixed-use properties in California. Since 1989, Related California has undertaken a range of transformational developments from best in class luxury high rise residential properties to the redevelopment of obsolete public housing, spanning a broad spectrum of urban infill, affordable, mixed-income and market rate multi-family developments. The company has a development portfolio of more than 19,500 residential units completed or under construction, and more than 4,200 affordable and 7,300 market rate units in pre-development. Related California has a long history of community partnership, having collaborated with more than 40 municipalities and over 30 non-profit organizations throughout California, and has successfully developed and managed a broad range of property types throughout Alameda, Contra Costa, Los Angeles, Orange, Sacramento, San Bernardino, San Diego, San Francisco and Santa Clara counties. Related California has developed more than $9.3 billion in assets and has a track record of consistently developing communities that exceed industry benchmarks in design, construction, sustainability and property management. For more information about Related California, visit
www.relatedcalifornia.com .
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The Development Associate will be responsible for supporting the development team in all aspects of their projects including: entitlements, design, financial analysis and modeling, deal memo preparation, equity and debt sourcing, due diligence, legal oversight, budgeting, construction, operations and asset management. This position is a key support position that will provide the candidate significant professional growth and exposure to all aspects of a development project. This position will be based in Irvine, California. We’ll trust you to: Create and manage detailed financial models and budgets for all components of the project including roll up models; Conduct market research, site assessments and other due diligence related to site acquisition and development feasibility; Author, maintain and manage the Project’s budgets, schedule and project trackers; Author financial forecasts, project reports and investment memoranda; Work with the team to advance the project’s entitlements and governmental approvals which will include a Specific Plan, Environmental Impact Report, Development Agreement and a Tract Map; Manage third party consultant contracts, budgets, schedules, scopes of work and deliverables; Attend and participate in project meetings and presentations, including: planning meetings, internal and external presentations, project coordination meetings, stakeholder meetings, and various workshops; Review and summarize existing retail leases, author and maintain existing retail lease databases, and assist in the negotiation and acquisition of existing retail leasehold interests; and, Underwrite new development and acquisition opportunities as they may occur. Compensation $130,000 - $160,000 / year Annual performance-based bonus
Qualifications
A minimum of a Bachelor’s degree, MBA or MRED preferred. Minimum of 2‐3 years of relevant experience (e.g. real estate, corporate finance, investment banking, management consulting, or private equity). Must be a team player, able to work well in groups , but also independent and a self‐starter that can perform with limited direction; Strong quantitative, financial analysis and modeling, advanced MS Excel skills are required; experience with Argus is a bonus; Strong project management skills, results‐driven, with ability to manage multiple deadlines; Exceptional time management and prioritization skills are also required to succeed in a fast paced environment, managing multiple projects with significant responsibilities and competing priorities; Strong attention to detail, along with a strong desire to grow and succeed are critical; Complex thinker of high intelligence and demonstrates strong intellectual curiosity; Excellent communication and interpersonal skills at all levels are critical to success at Related. Excellent written and verbal and communication skills; Deal instinct and owner mentality; High energy and possessed with drive; Suitability to an entrepreneurial culture that places a premium on performance; A passion for real estate. Related values diversity in backgrounds and experiences. We are proud to be an equal opportunity employer and are deliberate about the team and culture we are building. We aim to ensure competitive total compensation that is commensurate with experience, workplace geography, and market standards. For information about how we use your personal information, including information submitted for career opportunities, please review our Privacy Policy at
https://www.related.com/privacy-policy
. #TRC #LI-JF1#LI-ONSITE
Overview
Formed in 1972, Related is the most prominent privately-owned real estate firm in the United States. Headquartered in New York City, the company has offices and major developments across the world. Related owns and manages a premier portfolio of assets valued at over $60 billion, including the 28-acre Hudson Yards neighborhood on Manhattan’s West Side. Related believes in investing in its talent and cultivates a positive, team-oriented environment where every voice is valued. Employees are encouraged to boldly take on new challenges, transcend the status quo, and demonstrate strong entrepreneurial spirit. In its relentless commitment to excellence, Related works to foster an innovative approach in its team members so that they can positively impact the communities in which they conduct business. Learn more about Related at
www.related.com
. Firm Overview Related California, the West Coast affiliate of Related Companies, is a fully integrated real estate firm that develops multifamily residential and mixed-use properties in California. Since 1989, Related California has undertaken a range of transformational developments from best in class luxury high rise residential properties to the redevelopment of obsolete public housing, spanning a broad spectrum of urban infill, affordable, mixed-income and market rate multi-family developments. The company has a development portfolio of more than 19,500 residential units completed or under construction, and more than 4,200 affordable and 7,300 market rate units in pre-development. Related California has a long history of community partnership, having collaborated with more than 40 municipalities and over 30 non-profit organizations throughout California, and has successfully developed and managed a broad range of property types throughout Alameda, Contra Costa, Los Angeles, Orange, Sacramento, San Bernardino, San Diego, San Francisco and Santa Clara counties. Related California has developed more than $9.3 billion in assets and has a track record of consistently developing communities that exceed industry benchmarks in design, construction, sustainability and property management. For more information about Related California, visit
www.relatedcalifornia.com .
#J-18808-Ljbffr