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Development Associate
Development AssociateBisnow • Richmond, VA, US
Development Associate

Development Associate

Bisnow • Richmond, VA, US
[job_card.variable_days_ago]
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  • [job_card.full_time]
[job_card.job_description]

Job Description

Job Description

Our SelectLeaders client is a family-owned real estate investment company with portfolios and ownership of all types of real property. They manage the company’s real estate assets which include office buildings, residential and master-planned land development projects, retail and industrial properties, and large acreage land holdings.

This role, internally called an Real Estate Analyst, is set to play a key role in supporting the management, analysis, and reporting of the family’s real estate portfolio. This position combines detailed analytical work with big-picture strategic thinking and offers a unique opportunity to contribute directly to a team built on trust, performance, and generational continuity.

The ideal candidate is highly organized and collaborative, with experience in real estate financial modeling, development, valuation, reporting, asset management, and / or acquisition.

Responsibilities

  • Portfolio Analysis & Monitoring
  • Track performance and risk metrics across the real estate portfolio
  • Prepare quarterly portfolio reviews and performance dashboards
  • Create detailed cash flow models for commercial and residential holdings
  • Conduct sensitivity and scenario analyses related to strategic outcomes
  • Review and analyze leasing assumptions for commercial properties
  • Track and monitor land leases and provide contract assistance
  • Market Research & Internal Property Valuation
  • Collect comparable transaction data for annual portfolio valuation by property
  • Monitor market trends and macroeconomic indicators that impact the portfolio
  • Track data relative to transactions, cap rates, and occupancy
  • Review property tax assessments and conduct appeals, as necessary
  • Reporting & Communication
  • Maintain master property book for over 400 individual properties
  • Ensure consistent documentation and data integrity across the portfolio
  • Review monthly financials and generate summary documentation
  • Track budget variances and provide support for the annual budgeting process
  • Create investment memos and property updates for senior management
  • Development & Acquisition Support
  • Conduct fundamental and qualitative analysis on new investment opportunities
  • Coordinate due diligence matters such as environmental, tax, and title / survey
  • Perform entitlement analyses in order to determine development potential
  • Assist team members in the creation of project plans and timelines
  • Network with brokers and property owners to source new opportunities

Qualifications

  • Minimum of 3 years of experience in real estate
  • Bachelor’s Degree in finance, accounting, real estate, business, or a related field (MBA or MSRE a plus)
  • Advanced proficiency with Microsoft Excel, specifically related to creating and manipulating pro forma models
  • Robust communication skills and ability to work with a variety of stakeholders
  • Excellent organizational skills, attention to detail, and judgment
  • High degree of initiative and personal motivation
  • Ability to work both independently and as a member of a team
  • Outstanding research skills and a strong sense of curiosity
  • Real estate development or entitlement experience a plus
  • Compensation includes competitive salary with base salary of $80,000-$110,000, annual performance bonus with incentives, and customary benefits plans

    We may use artificial intelligence (AI) tools to support parts of the hiring process, such as reviewing applications, analyzing resumes, or assessing responses. These tools assist our recruitment team but do not replace human judgment. Final hiring decisions are ultimately made by humans. If you would like more information about how your data is processed, please contact us.

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