Company: The Calida Group
Location: Las Vegas (Other)
Job Category: Development
Job Type: Full-Time
Salary $$90K-100K – Yearly

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Development Associate

About Us:

The Calida Group is a multifamily real estate development, investment and construction firm committed to developing distinctive lifestyles. Calida has an extensive track record of working with some of the Nation’s largest financial institutions. Under the exclusive Elysian brand, each luxury community we create reflects our commitment to quality design, construction and management while creating value and dependable results for our investment partners. Our real estate portfolio includes luxury multifamily and senior living properties in both urban and suburban locations.

Position Summary:

We are looking for a Development Associate to work out of our Las Vegas headquarters. This position will work closely with the VP of Development and will have regular interactions with the Senior Management Team. We are looking for an experienced developer who can manage deals from start to finish, is detailed oriented and has a strong work ethic. Our goal is to provide a professionally rewarding experience in a fast-paced entrepreneurial, team environment.

Primary Duties & Responsibilities:

• Create and review complex financial models for large scale development projects

• Assist senior development team in conceptualizing, planning, design development and project management

• Prepare predevelopment budgets for internal review and approval of predevelopment capital

• Create offering memoranda for both debt and equity requests

• Arrange and synthesize third party reports such as market studies, property tax analyses, etc.

• Manage consultant team throughout the due diligence process including hiring, defining scope and reviewing related reports

• Identify potentially fatal deal risks early in the evaluation process and communicate to senior management team

• Manage the local jurisdictional approval processes during entitlement and permitting phases

• Manage contracts, scopes, budgets and schedules necessary to develop the project

• Review architectural and civil plan sets from initial conceptual design through final construction drawings

• Coordinate with the construction team in the preparation of construction budgets

• Prepare material to present to Directors, Managing Directors and Investment Committee Members to aid with the financing and closing

• Assist in creating and ongoing review of property management budgets during and after leaseup

• Work closely with accounting to review draw requests and track draws in relation to budgets and loan requests

• Assist development and construction team in creating, preparing and managing other projects relating to the development, design, financing and construction of apartment and senior living facilities

Qualifications:

• Demonstrated proficiency in Microsoft Word, Excel (must be familiar with complex formulas, tables and financial metrics), Power Point and Outlook required

• Minimum of undergraduate or graduate degree in real estate, finance, accounting or similar required

• Minimum 4-7 years of relevant work experience

• Excellent oral, written communication skills (spelling and grammar)

• Excellent interpersonal skills

• Organized, able to set priorities, meet deadlines and multi-task

• Uncompromising attention to detail

• Able to work autonomously in addition to working well in groups

• Dedicated to the field of real estate, enthusiastic approach to professional responsibilities

• Comfortable presenting ideas and solutions to leadership and firm’s senior management team