Job Summary

The Real Estate Development Analyst reports to the SVP Investments and supports the financial and market analysis of real estate development transactions. Primary responsibilities include compiling, summarizing, and analyzing information to evaluate the return on investment of real estate developments and joint-ventures.

The successful candidate will embody and work to reinforce MAA's Core Values. Those values include:

• Appreciating the uniqueness of each individual

• Communicating openly and with integrity

• Embracing opportunities

• Doing the right thing at the right time for the right reasons

Duties and Responsibilities

• Collects and analyzes market level information to develop accurate forecasting of market level performance expectations.

• Analyzes site, market and operations information, including market data, property operations data and comparable property characteristics.

• Gathers and researches data to prepare initial analysis of potential development opportunities.. Prepares and analyzes financial projections based on a combination of historical performance and future expectations for potential development targets.

• Prepares summary investment reports with investment highlights.

• Collaborates with both internal and external sources to validate underwriting assumptions before board approval of a development or joint-venture investment opportunity.

• Contributes to the preparation of real estate investment packages for presentation to senior management and the Board of Directors.

• Assists with the collection, distribution and review of due diligence materials and performs assigned tasks to ensure the successful closing and execution of development opportunities..

• Assists the development team as needed with various tasks associated with the pre-development and development/construction process.

• Assists in tracking key financial metrics throughout the construction and stabilization process of new developments.

• Assists with analysis and research of various markets in terms of rent trends, supply pipeline and potential land sites.

• Performs other related duties as assigned to meet the needs of the business.

Required Qualifications

• 2 years of multi-family or commercial real estate underwriting experience required

• Bachelor's degree in business with a concentration in finance, accounting, real estate or a related field required, or an equivalent combination of education or experience

Preferred Qualifications

• Real estate experience and/or education preferred

• MBA or other Master's degree preferred

Knowledge, Skills, and Abilities

• Knowledge and skill to develop, maintain and interpret financial models

• Quantitative and qualitative analytical skills with attention to detail

• Knowledge of real estate valuations and investment analysis

• Proficiency with Microsoft Office applications (Word, Outlook, PowerPoint) including advanced functions in Excel

• Organizational and management skills to prioritize, track and manage projects, tasks, and deadlines

• Critical thinking and problem-solving skills

• Skill and ability to clearly and concisely communicate verbally and in writing within a professional business environment

Physical and Environmental Requirements

• The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job.

• While performing the duties of this job, the employee is regularly required to talk or hear. The employee frequently is required to stand; walk; use hands to finger, handle or feel; and reach with hands and arms.

• This position requires the ability to occasionally lift office products and supplies, up to 20 pounds.

• This job operates in a professional office environment. This role routinely uses standard office equipment such as computers, phones, photocopiers, filing cabinets and fax machines.

Disclaimer

Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities and activities may change at any time with or without notice.