Real Estate Development Associate

4 weeks ago

Austin, Texas, United States MADHOUSE DEVELOPMENT SERVICES Full time
Job Summary

We are seeking a highly motivated and detail-oriented Development Associate to join our team at Madhouse Development Services. As a key member of our Real Estate team, you will play a crucial role in supporting the Vice President of Development and Development Manager(s) in the acquisition, rehabilitation, and development of affordable and market-rate properties.

Key Responsibilities
  • Assist in the identification and evaluation of potential properties for acquisition, rehabilitation, or development.
  • Provide administrative support in the negotiation of land purchases, including drafting Letters of Intent and Earnest Money Contracts.
  • Assist with the preparation of preliminary budgets and timelines for various stages of acquisition and development.
  • Coordinate with project consultants, including architects, engineers, appraisers, market analysts, surveyors, title companies, etc., as necessary.
  • Review due diligence materials related to each project being developed.
  • Support the preparation of housing tax credit applications and become familiar with the state's Qualified Allocation Plan and corresponding timelines and deadlines.
  • Assist with the oversight of the construction process, including the preparation of monthly draw expenditure requests and coordination between the contractor, prime subcontractor, and accounting team.
  • Support public presentations and prepare marketing materials for markets being considered for development.
  • Respond to lenders and syndicators on project-related due diligence requirements throughout the development process.
  • Assist with financial underwriting for potential transactions and perform market analysis for potential transactions.
  • Ensure compliance with state reporting deadlines by updating team calendars with pending deadlines.
  • Provide administrative support to the asset management team by inputting monthly and annual operating figures.
Requirements
  • Bachelor's Degree in Business Administration, Accounting, Finance, Economics, Real Estate Development, or related field work experience.
  • Excellent working knowledge of software programs Microsoft Excel, Word, and Teams; Microsoft Access and Project skills are a plus.
What We Offer
  • 100% Employer-Sponsored Health, Dental, and Vision Insurance.
  • Retirement Plan with 3% Company Match.
  • Paid Time-Off, including 8 paid holidays, sick days, and volunteer time off.
  • Year-End Bonuses.
  • Collaborative, fun, and relaxed environment with a casual dress code most days.
  • Employer-sponsored opportunities for learning and growth, professional memberships, professional certifications, and CEUs.
  • Career Advancement & Growth.
  • Bring your pet to work.
  • Company Events & Social Activities.
  • Giving Back to the Community.

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