Senior Housing Partners (the project development company of Presbyterian Homes & Services) is seeking a Real Estate Development Associate to join its team.
Senior Housing Partners, a wholly owned subsidiary and the real estate arm of PHS, specializes in developing, acquiring, and rehabbing multi-family senior housing with a goal of developing and preserving senior housing. The properties owned and operated by PHS have robust resident services to assist residents.
The Real Estate Development Associate is part of team led by a Vice President. Each team is responsible for four to ten development projects in various stages of development. The Associate supports these team projects and is responsible for achieving project tasks related to property acquisition, pro forma financial analysis, project debt and equity financing, loan closings and project planning and construction.
The Real Estate Development Associate supports the Vice President and the other members on the team, taking direction and assisting them in accomplishing the various project objectives leading to successful completion of the project. The Associate is responsible for managing various data bases, spread sheets and reports related to project budgets and schedules, project financing, construction administration and property lease-up. The Associate assists the VP in analyzing project financial feasibility, closing the project debt and equity financing, working closely with the community in planning neighborhood development, preparing internal and external reports and soliciting consultant and contractor services. The Associate is responsible for coordinating the preparation of requests for proposals, contracts, and other documents.
Responsibilities include but are not limited to:
+ Manage day-to-day tasks of all assigned development projects and pipeline activities.
+ Perform pro forma financial analysis of properties for development, acquisition, and redevelopment.
+ Prepare pro forma development budgets and property operating budgets under the direction of a VP.
+ Work with team members to prepare responses to requests for proposals and solicitations for bids by coordinating the proposal response and preparing the proposal materials.
+ Perform site visits of potential property acquisitions and assists VP in market analysis and preparation and review of due diligence reports.
+ Solicit consultant and contractor services for due diligence, design and construction services, review and evaluate the responses and obtain the services.
+ Assist with the preparation of debt and equity financing applications for each of the projects.
+ Support the team in closing the financing and manage the closing checklist.
+ Assist the VP with the construction administration process by coordinating the flow and filing of construction documents.
+ Analyze progress against project schedule and modifies schedule as needed.
+ Prepare internal and external reports on each project as required.
+ Support community development planning efforts working closely with the team, community residents and partners.
+ Work effectively with the members of a development team assembled by the Vice President, including architects and engineers, attorneys, construction managers, and others.
+ Prepare presentations for meetings with tenants, other critical stakeholders and government officials.
+ Bachelor's degree required; master's degree in related field (real estate, urban planning, architecture, business or finance) preferred.
+ Demonstrated basic knowledge of real estate development, finance, design, and management.
+ Demonstrated basic knowledge of due diligence and financial underwriting.
+ Experience with financial analysis using Excel or similar spreadsheet program is required.
+ Experience with GIS software is a plus.
+ Applicant must have strong writing and editing skills and experience in conducting research and analysis.
+ Proficiency with Word, Excel, and PowerPoint is required; proficiency with MS Project is preferred.
+ Must have flexibility, personal integrity, and ability to work effectively with residents, coworkers, family members, visitors, and the general public.
+ Must be a team player, willing to take directions and accept responsibility for meeting specified objectives.
+ Must have excellent oral, written, and interpersonal communication skills and strong attention to detail.
+ Ability to work within specific timelines.
+ Ability to travel up to 10% of the time.
+ Demonstrated ability to read, write, speak and understand the English language to communicate with all customers.
+ Demonstrated compatibility with PHS' mission and operating philosophies.
Presbyterian Homes & Services (PHS), based in St. Paul, Minnesota, is a non-profit, faith-based organization providing a broad array of high quality housing choices, care and service options for older adults. 6,400 employees serve 25,000 older adults through 45 PHS-affiliated senior living communities in Minnesota, Wisconsin and Iowa, and through Optage home and community services. Established in 1955, PHS has earned the reputation as an innovative leader concerned with promoting independence, vitality and well-being for those they serve.
We believe employees are the most important resource in our ministry and we are committed to an environment where employees are valued and empowered to make a difference. With a strong commitment to grow our employees from within, the development opportunities with us are virtually unlimited. We offer competitive wages, opportunities for advancement, ongoing training, and incredible benefits like education assistance and nursing loan forgiveness.
If you have a desire to honor God by enriching the lives and touching the hearts of older adults, consider answering the call and join our team.
PHS is an EEO/AA employer. All applicants will receive consideration for employment regardless of their race, color, creed, religion, national origin, sex, sexual orientation, disability, age, marital status, or status with regard to public assistance.
External Company Name: Presbyterian Homes & Services
External Company URL: http://www.preshomes.org
Street: 3116 Fairview Avenue North