Development Associate

Summary:

The Development Associate's primary responsibility is to work with other Development team members and the Managing Director in the pursuit of new development business, market research, site acquisition, due diligence, managing the design process, financing, and zoning. This position reviews each phase of the construction process and oversees site specifications.

Role Responsibilities:

• Pursues new development business, conducts various market analysis and financial feasibility research, and conducts preliminary due diligence.

• Creates a pro forma for new development including market information, operating expense data, and estimated hard and soft costs.

• Contributes information for the product and design for developing property, ensuring that building design codes are compliant with local, state and federal laws.

• Conducts site visits to execute and document framing walks and general construction walks.

• Participates in development meetings sharing information such as specifications, contract negotiations, and coordination of construction.

• Facilitates duties with architect, engineer, landscape architects, interior designers, property owners, project managers, and other development associates.

• Ensures strict compliance with plans and communicates to the Managing Director any critical issues.

• Manages the construction draw process, develops monthly project reports, and reviews each phase of the construction process.

• Manages third party inspections and bond releases for projects nearing completion.

• Participates in Company-provided training such as safety, non-discrimination, information systems, and harassment prevention.

• Complies with all Company National Standards, applicable health and safety rules and regulations, as well as applicable local, state, and federal laws.

Education, Required Knowledge, Skills and Abilities

• Real Estate Finance, Finance, or similar field degree

• 5+ years of experience with an understanding of real estate investment, development, and construction fundamentals

• Exceptional analytical skills with careful attention to detail and accuracy

• Excellent organizational skills with the ability to plan, prioritize, and manage multiple tasks

• Excellent verbal and written communication skills

• Strong problem-solving skills

• Demonstrated presence and confidence, able to interact with senior management team as well as current and potential clients

• Ability to work independently with minimal direction and oversight

• Exceptional technical skills and working knowledge of ARGUS, MS Office and Microsoft Project Software

• Travel will be required for the purpose of meeting with clients, stakeholders, consultants, government authorities, contractors and operators.

Portman Holdings is deeply committed to building a workplace and global community where inclusion is not only valued but prioritized. We are proud to be an equal opportunity employer, seeking to create a welcoming and diverse environment. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, family status, marital status, sexual orientation, national origin, genetics, neurodiversity, disability, age, or veteran status, or any other non-merit based or legally protected grounds. Portman Holdings is committed to providing reasonable accommodations to qualified individuals with disabilities in the employment application process.