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Development Associate
Location:
Tampa, FL
Description:
Elmington Capital Group is a private commercial real estate investment and development firm headquartered in Nashville, Tennessee. The location for this position is flexible for the Florida region. Elmington Capital's core competency is multifamily development and is one of the nation's largest developers, owners, and managers of affordable/workforce housing. Elmington deploys $150+ million in equity annually utilizing a broad array of financing strategies including tax credits, tax-exempt bonds, local grants, HUD programs, and conventional debt/equity. Elmington's development strategies include attainable/workforce and affordable (rent restricted) housing, public-private partnerships, mixed-use, and mixed-income development. RESPONSIBILITIES The Development Associate is a key member of the deal team and contributes to the execution of all functions of development for affordable housing and multifamily projects. The Associate will primarily focus on financial analysis, due diligence, policy research, site selection, debt/equity, and overall management of the development process from inception to groundbreaking. The position will have daily exposure to the Elmington executive team, senior team members, large financial institutions, and other key external stakeholders. Perform complex real estate financial analysis using Microsoft Excel. Lead all Closing processes including equity, construction loan, and perm financing agreement negotiations and equity/debt due diligence closing checklists completion. Lead the preparation of applications for various funding sources including tax credits, tax-exempt bonds, project-based vouchers, CDBG funds, PILOTs/tax exemptions, local soft money programs, and RFPs. Research affordable housing policy and traditional multifamily dynamics in target markets. Track local supply/demand, comparable properties, competitive landscape, market rents, and other local dynamics. Assist in the site selection and land contract negotiation processes. Manage owner/broker relationships and ensure land contracts remain in compliance. Manage and direct external consultants including architects, engineers, environmental, and political to complete due diligence, design, and permitting. Research new financing opportunities. Develop and maintain strategic relationships with capital providers, brokers, other developers, property owners, city staff, and other key stakeholders. KNOWLEDGE/SKILLS/ABILITIES Interest in real estate investing and development Organizational skills Communication proficiency Real estate investment modeling QUALIFICATIONS 2+ years real estate and/or finance experience Bachelor's degree required The company will recruit, hire, train, promote, and compensate its employees based on factors such as work quality, behavior, training, and experience. In compliance with local, state, and federal laws, we provide equal employment opportunities regardless of race, color, creed, national origin, protected age category, gender, sexual orientation, religion, marital status, military status, or physical or mental disability of any individual who is otherwise qualified.
Company:
Elmington
Posted:
December 26 2023 on ApplicantPro
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More About this Listing: Development Associate
Development Associate is a Sales Development Associate Job at Elmington located in Tampa FL. Find other listings like Development Associate by searching Oodle for Sales Development Associate Jobs.
Development Associate is a Sales Development Associate Job at Elmington located in Tampa FL. Find other listings like Development Associate by searching Oodle for Sales Development Associate Jobs.