REAL ESTATE/DEVELOPMENT ASSOCIATE

FLSA Status: Exempt/Salary

Schedule: Full-time

Pay Range: $75,000 - $95,000

At RealAmerica, we believe everyone deserves a safe home in a supportive community, and we are driven to find creative ways to help people thrive in every aspect of their lives. Our management team specializes in affordable, multi-family, market rate, and senior housing. We've won 4 Lieutenant Governor's Excellence in Affordable Housing Awards in the past 6 years along with being a finalist for Indiana Apartment Association Management Company of the Year for 2021.

We are looking for a full-time Development Associate with a drive to continually learn, grow, and succeed.

Principal Objective of the Position: The Real Estate/Development Associate will report directly to the Vice President of Development/Owner and support the Development Team with managing multiple phases of the real estate development process (e.g., site selection, due diligence, financial analysis, budgeting, contract negotiation, site acquisition, investment package creation, and permit processing) for affordable and market rate apartments, self-storage facilities, and other real estate opportunities.

RealAmerica Benefits:

• Paid Time Off
• Paid Holidays
• Paid Life Insurance
• Medical, dental, vision, voluntary life, short-term and long-term disability
• 401(k) Retirement Plan
• Wellness Seminars

Essential Duties and Responsibilities: Include the following but are not limited to the job specifications contained herein. Additional duties or job functions that can be performed safely may be required as deemed necessary by supervisory personnel.

• Perform market research, demographic studies, apartment database reviews, and competitive analysis
• Perform site selection for apartments, self-storage, and other real estate development opportunities.
• Compare and contrast the Qualified Allocation Plans of various states
• Coordinate and participate in multifunctional teams to analyze existing market conditions, unit mix, property and unit amenities and features, rental rates, and operational expenses at given properties
• Develop a matrix of key competitors including property locations, specific amenities, and pricing in strategic markets and submarkets

QUALIFICATIONS/REQUIREMENTS:

Training/Education:

• College degree in Business Administration, Finance, Real Estate or other related field of study required
• Graduate degree in Business Administration, Law, Finance or Real Estate a plus
• Proficient in Microsoft Office (Word, Excel, Power Point, etc.)
• Certifications in the Low-Income Housing Tax Credit (LIHTC) program and/or other various housing finance certification a plus
• Indiana and/or Colorado Real Estate License a plus

Experience/Skills:

• 3-5+ years’ experience in multifamily development needed
• Experience in multifamily or and other real estate development required.
• Ability to deal with difficult, sensitive, and confidential issues a must
• Ability and willingness to travel within Indiana and to other states required
• Accurate, detail oriented, dependable, and punctual a must
• Exceptional interpersonal, written, and verbal communication skills required
• Ability to master project-specific software systems including, but not limited to: Procore, Yardi, and various others
• Knowledge of Low-income Housing Tax Credits and other affordable housing financing products preferable
• Experience in affordable multifamily development preferable

A valid driver’s license, background, DMV check, and drug screen will be required upon acceptance of an offer to the candidate.

Dress Code: Business casual

Contacts and Liaisons: The RealEstate/Development Associate will regularly communicate with all necessary RealAmerica Management Company employees, their supervisors, outside vendors and other individuals as deemed necessary to fulfill the responsibilities of the position.

RealAmerica is an Equal Opportunity Employer. This means that RealAmerica does not discriminate in employment on the basis of race, color, religion, sex (including pregnancy or gender identity), national origin, political affiliation, sexual orientation, marital status, disability, genetic information, age, members in an employee organization, retaliation, parental status, military service, or other non-merit factors.

As with our Mission, Vision, and Values; DEI (Diversity, Equity, and Inclusion) is always at the forefront of our operation. At RealAmerica we drive an inclusive culture that respects, encourages, supports, and celebrates the diverse voices of our employees. Be yourself! We like you that way!