Developer

Duties and Responsibilities:

• Identify, evaluate and recommend potential properties utilizing established criteria.
• Screen potential properties against selection criteria to determine potential prospects.
• Compile pertinent information on potential properties.
• Model deals in financial pro forma and analyze to determine feasibility.
• Conduct preliminary competitive market analyses to confirm income assumptions.
• Conduct site and area visits (In –state and out-state travel required)
• Prepare letters of intent / purchase offers for review, approval and signature.
• Negotiate letters of intent / purchase offers with brokers/sellers.
• Coordinate due diligence activities (through third party consultants) on controlled properties, including but not limited to:
  • Engineering inspections
  • Cost estimate
  • Market study marketing program
  • Management budget
• Prepare seed money budgets, scope of work for the project and construction cost estimates.
• Assist in preparing for the closing of projects.
• Assist in the coordination of design issues with architects and engineers.
• Negotiate consultant contracts, scope of work and schedules.
• Coordination of government entitlement process.
• After closing, monitor construction progress of the project.
• Monitor all related budgets and provide reports as necessary for budget deviations.
• Monitor results of the marketing program until sustaining occupancy is achieved.
• Research and recommend amendments to product type with help from construction, management, and design professionals.
• Punch all areas of work that are not specifically covered in the consultant contracts, acting as owner’s representative in project acceptance process.

Miscellaneous Items:

• Prepare market comp studies for various geographical areas.
• Conduct other tasks as may be requested from time to time.

Minimum Qualification:

• Bachelor’s degree in Urban Planning, Finance, or other related field with five years experience.