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Development Associate - Commercial Real Estate - Self Storage
Location:
Miami, FL
Description:
The Development Associate position offers the opportunity to contribute to the growth of the company through measurable actions that lead to closed and built commercial real estate projects in primary markets throughout the USA, with a focus on urban locations. Although our focus is development, part of the role will focus on the analysis, review, and acquisition of existing commercial real estate assets. We focus on institutional size transactions and typically our projects will have all, or at least a significant amount, of the square footage allocated to the self storage use typology.What does the Development Associate do? The Development Associate works on projects starting with an idea or opportunity, they are involved from the beginning, and they help determine what projects deserve our time and what projects are not a fit. After that filtering process, the Development Associate is responsible for the analysis (financial, demographic, and physical) of the property and the outline of the approach or thesis for the investment. For projects that make it into contract, the Development Associate will play a role in due diligence, and entitlement, in addition to the preliminary design of the project. In summary, the Development Associate is involved from idea all the way past closing on the real estate and will have some involvement post closing in the design phases before our construction team takes hold of the project to bring it to completion. Who should consider this role: · Someone who enjoys an environment where no two days at the office are exactly the same· Someone who enjoys learning and experimenting· Someone who has a strong understanding of commercial real estate, numbers, financials, and metrics· Someone who likes solving problems with their brains and with strategic relationships· Someone who can work independently but also enjoys collaboration· Someone who enjoys wins and enjoys learning from lossesThis role is an in person role where days are spent in the office, in Miami, on a daily and weekly basis. Candidates who currently live in Palm Beach or Broward counties could be able to office from those areas 2 days per week. Although some flex days are provided, this role is not a partial or fully remote role and requires working in an office daily. Base skills and abilities: The ideal candidate for this role should have the following skills and abilities.· Deep working knowledge of Microsoft Excel, at a level considered Advanced or Expert; Including macros, formulas, and pivot tables· Understanding of all key commercial real estate terminology and metrics on which CRE and land are valued and evaluated. Self storage experience or exposure is not a requirement· Understanding of debt, equity, and pref equity. A keen understanding of commercial real estate waterfalls and preferred return, promote, IRR, cash on cash, and equity multiples· The ability and proficiency to read complex documents including legal descriptions, land / title documents, and contracts. A person with attention to detail· A person who understands and can interpret a P&L statement and the key drivers of the topline and bottom line numbers of a business· A person adept at researching and finding data online and through digital sources· A person with strong writing skills and the ability to communicate well both in writing and verballyThis role involves some overnight travel, but not more than 10% of the time. The ideal candidate will be very comfortable traveling to pursue projects. Job Posted by ApplicantPro
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More About this Listing: Development Associate - Commercial Real Estate - Self Storage
Development Associate - Commercial Real Estate - Self Storage is a Sales Development Associate Job at Proteus Management located in Miami FL. Find other listings like Development Associate - Commercial Real Estate - Self Storage by searching Oodle for Sales Development Associate Jobs.
Development Associate - Commercial Real Estate - Self Storage is a Sales Development Associate Job at Proteus Management located in Miami FL. Find other listings like Development Associate - Commercial Real Estate - Self Storage by searching Oodle for Sales Development Associate Jobs.