Carmel Partners is a well-capitalized private real estate firm with expertise in the investment and development of multifamily real estate. Our mission is to build and enhance high-quality communities using innovative ideas and solutions that create value for our investors, residents, and associates.
As a Development Associate, you'll be involved in all aspects of the development of new multifamily rental projects in Denver, CO. This role is expected to operate with a high level of independence throughout a project’s execution and is responsible and accountable for bottom-line results.
Who you are
You keep a cool head while managing multiple projects and working under pressure. You’re a pro at communicating on and off the page. Others consider you a strong leader, and you take pride in developing great relationships with clients and colleagues. This comes in handy when you flex your expert negotiating skills which have a real influence on others. You credit your analytical skills as a key part of your success, and always drive for measurable results. Above all, you always demonstrate impeccable integrity and dependable judgment.
What you’ll do
Responsible for managing all phases of multiple development projects which includes, but is not limited to:
Market analyses, including geographical and financial feasibility of real estate markets
Site identification and underwriting, including financial modeling and risk/reward pro forma analyses of new development opportunities
Site-specific due diligence, including, but not limited to contract negotiations, entitlement risk, environmental and geotechnical risk, soft cost and impact fee budgeting, product design, and construction budgeting
Perform, coordinate and/or lead pre-development work such as preliminary architectural and engineering issues, zoning issues, local government, and community support
Build, coordinate and lead internal team members and external consultants through conceptual design and entitlements leading to construction documents and project monitoring.
Prepare and submit financing packages including construction and permanent financing, and equity syndication or other appropriate funding sources
Coordinate with other Carmel departments including Construction, Finance, and Residential Services in order to successfully deliver projects
Attend work as scheduled to support the ongoing success of the company
Other duties, responsibilities, and special projects as assigned
Your Compensation & Benefits:
Salary range of $115,000 to $120,000. The Company provides the following compensation range and general description of other compensation and benefits that it in good faith believes it might pay and/or offer for this position. The Company reserves the right to ultimately pay more or less than the posted range and offer additional benefits and other compensation, depending on circumstances not related to an applicant’s sex or other status protected by local, state, or federal law.
Benefits play a key role in your choice of employer. Our portfolio of health benefits, time off benefits, paid parental leave, and wellness programs and perks are designed to ensure that you are healthy and comfortable.
We are committed to creating an inclusive and diverse team rooted in a culture of mutual respect. We know that our differences make us stronger as an organization and we embrace equal opportunity regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability, gender identity, or Veteran status.
What you’ll bring
Bachelor’s degree required, Graduate degree in Business, Finance or Real Estate highly preferred
3-5 years experience in the multifamily development industry
Strong analytical skills and able to multitask in a constantly changing environment
Strong verbal, written, and interpersonal communication skills
Well-rounded functional background including finance, acquisitions, development, marketing, construction, and management
Ability to negotiate & influence
Experience in, and in-depth knowledge of, targeted local markets
Strong knowledge of computes: Windows (Word, Excel, Outlook, PowerPoint) as well as the internet
Carmel Partners is an institutional investment manager. With experience in all aspects of multifamily real estate, we create homes and improve communities. Our development and renovation projects are thoughtfully designed and expertly crafted. Our entrepreneurial mindset is reflected in the bespoke multifamily assets that have become our signature.