• Development Analyst, Senior Living

    Job Locations US-NY-New York
    Job ID
    4341
    Function
    Development
    Location Name
    60 Columbus Circle
  • Overview

    Related Companies is the most prominent privately-owned real estate firm in the United States. Formed over 47 years ago, Related is a fully-integrated, highly diversified industry leader with experience in virtually every aspect of development, acquisitions, management, finance, marketing and sales. Headquartered in New York City, Related has offices and major developments in Boston, Chicago, Los Angeles, San Francisco, South Florida, Washington, D.C., Abu Dhabi and London, and boasts a team of over 3,500 professionals. With over $50 billion in assets owned or under development, the company’s portfolio is made up of best-in-class developments in premier high-barrier-to-entry markets across all asset classes. 

    Related was recently named one of the “50 Most Innovative Companies in the World” by Fast Company Magazine. Related has dramatically redefined the concept of metropolitan luxury by introducing extraordinary residential properties in Boston, Chicago, Los Angeles, San Francisco, New York City and Washington, D.C. With each new building, Related has been hailed for setting new standards of excellence in the luxury marketplace. Related also owns an extensive portfolio of workforce and affordable housing and has several new rental developments underway across the country. Among other leadership initiatives, they were the first landlord to accept credit card payments, one of the first developers to build sustainable high-rise buildings and the first national developer to go smoke-free. Related’s commitment to hospitality-level service in its residential buildings includes a proprietary training program that empowers employees to exceed its residents’ expectations, and an exclusive strategic partnership with Hello Alfred to provide a suite of personal life-enhancing services to residents. Related is also a strategic investor in category-defining companies including Equinox® and SoulCycle. For more information about Related Companies please visit
    www.related.com.

     

    Related Companies, the nation’s most prominent privately-owned real estate firm, recently created a joint venture with Atria Senior Living, one of the most highly respected, industry leading senior housing management services companies. Over the next five years, Related and Atria plan to develop, own and operate more than $3 billion of modern, urban communities catering to seniors looking to live in major cities. The initial development pipeline includes sites in New York City, San Francisco, Boston, Los Angeles, Miami, Washington D.C., and other major metropolitan areas. The joint venture capitalizes on Related’s vast experience in designing, developing and managing a superior residential hospitality platform, and Atria’s expertise in creating and operating senior living environments where people thrive and continue living fulfilling lives. 

    Responsibilities

    The Development Analyst will focus on all aspects of real estate acquisitions and development including financial analysis and modeling, site acquisition, due diligence, zoning, legal document review, budgeting, construction and design.

     

    The Analyst will prepare detailed financial analyses and models including those for transaction underwriting and return on investment analysis, and will provide key takeaways to business units, corporate finance, and senior management. The Analyst will also provide timely explanations of variances between actual results and forecasts/budgets.

     

    Other responsibilities include:

     

    • Assisting the project manager in a broad range of development activities including site acquisition, financing, governmental approvals, design and construction monitoring, project branding, sales and marketing strategy and implementation.
    • Conduct market assessments, site assessments, zoning assessments, and other due diligence related to site acquisition and development feasibility.
    • Underwrite new development deals. Prepare business plans, including annual operating plans, financial forecasts, strategic plans, and product introduction financial plans.
    • Author internal and external correspondence for transaction and property descriptions, offering memoranda for asset sales and capital raisings, and responses to RFP’s. Manage detailed municipal filings for various development related programs, such as real estate tax abatements and municipal financing applications.

    Qualifications

    • A minimum of 2 years of experience in real estate financial modelling from areas such as real estate corporate finance, investment banking, private equity or real estate investment sales, or debt platforms.
    • Strong quantitative, financial analysis and modeling, MS Excel skills are required.
    • Exceptional time management and prioritization skills are also required to succeed in a fast paced environment, managing multiple projects with significant responsibilities and competing priorities.
    • Coping skills, attention to detail, along with a strong desire to grow and succeed are critical.
    • Excellent communication, written and interpersonal skills at all levels are critical to success at Related.
    • Must be able to work well in groups but also independently to manage and own tasks.
    • Candidates that have a passion for real estate, a strong entrepreneurial mind, and strong work ethic will have the potential to become part of a growing company on the cutting edge of real estate development and an industry leader.

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