Real Estate Manager

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Position Summary

The Real Estate Manager (“the Position”) works with the Real Estate, Development, and Asset Management teams to support all areas of acquisition and development. The Position will have responsibilities for site selection, market due diligence, contract negotiation and entitlement support for new multifamily projects.

Position Responsibilities 

• Market Analysis:
  • Work with the Real Estate team to underwrite new development and acquisition opportunities including economic and demographic data, market comparables, and local supply and demand statistics.
  • Research and provide overview of competitive landscape in targeted markets for new developments and acquisitions.
  • Conduct market research for new development and acquisition opportunities and manage third parties who provide market research.
  • Research available land for new development opportunities in targeted markets. Understand zoning and land use requirements for development in targeted markets.
  • Tour prospective markets to evaluate competition and prepare market analysis reports for members of management.
• Site Acquisition and Project Development:
  • Perform financial analysis of prospective acquisitions and development projects.
  • Conduct due diligence as needed for potential developments and acquisitions.
  • Coordinate with internal development resources to evaluate site feasibility and estimated development costs.
  • Meet with local officials to understand entitlement and permitting processes for specific sites.
  • Assist Development Managers with the design and development of proposed projects.
• Underwriting:
  • Engage development team on projects to obtain construction pricing estimates and general site analysis.
  • Prepare investment packages for management and prospective lenders.
  • Develop and maintain proformas for new opportunities through the life cycle of the projects.

Essential Skills and Experience

• Bachelor's Degree in a relevant major to include: Real Estate, Business Administration, Accounting, Finance or Economics
• Three (3) to five (5) years of relevant experience preferred, including: real estate acquisitions, asset management, construction management/budgeting, operations, or finance
• Prefer related experience in Southwestern US markets.
• Development and/or real estate cash flow modeling experience
• Ability to understand, interpret and analyze financial data, proficiency in financial underwriting.
• High degree of proficiency in MS Office Suite (Word, PowerPoint, Excel)
• General understanding of land use, zoning, and planning processes
• Ability to prioritize and accomplish multiple tasks effectively.
• Represent Johnson Development Associates, Inc. in a positive and professional manner.
• Maintain a high regard of confidentiality for company information.
• Exceptional written and verbal skills
• Ability to thrive in a fast-paced, entrepreneurial work environment.
• Proficient organizational skill set; documenting and maintaining notes from correspondence and meetings and cataloging them for easy retrieval.

Equal Opportunity Employer

JDA provides equal employment opportunities (EEO) to all applicants for employment without regard to race, color, religion, gender, sexual orientation, gender identity or expression, national origin, age, disability, genetic information, marital status, amnesty, or status as a covered veteran in accordance with applicable federal, state and local laws. JDA complies with applicable state and local laws governing non-discrimination in employment in every location in which the company has facilities. Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities and activities may change at any time with or without notice. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Disclaimer

The company has reviewed this job description to ensure that essential functions and basic duties have been included. It is intended to provide guidelines for job expectations and the employee's ability to perform the position described. It is not intended to be construed as an exhaustive list of all functions, responsibilities, skills and abilities. Additional functions and requirements may be assigned by supervisors as deemed appropriate. This document does not represent an expressed or implied contract of employment, nor does it alter your at-will employment, and the Company reserves the right to change this job description and/or assign tasks for the employee to perform, as the Company may deem appropriate.

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