Real Estate Development Associate

4 weeks ago


Houston, Texas, United States The Itex Group Full time
Job Overview

The Itex Group is seeking a highly skilled Development Associate to support our Real Estate Investment & Development Group. This role will involve providing essential support in all aspects of real estate acquisitions, including due diligence, financial modeling, and compliance with state and federal regulations.

Key Responsibilities:

  • Assist in the development due diligence process for new multifamily housing developments, including conversions and cost certifications.
  • Prepare and analyze financial models to ensure accurate projections and compliance with regulatory requirements.
  • Support the completion of funding applications, including LIHTC and CDBG-DR, and address any deficiencies.
  • Manage budgets and timelines to ensure successful project completion.
  • Coordinate third-party reports and due diligence for financial closings, conversions, and capital contributions.
  • Compile and provide necessary reporting to state and federal agencies, lenders, and investors.

Requirements:

  • Strong quantitative and technical skills, including proficiency in Microsoft Office, particularly Excel and PowerPoint.
  • Well-developed analytical skills with strong written and verbal communication capabilities.
  • Bachelor's degree in Business, Finance, or Economics, with a minimum of 1-2 years of experience in commercial real estate.

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