About this role
This role supports the direct development of assigned multifamily projects within DHI Communities. The associate will underwrite opportunities, build financial models and pro-formas, manage entitlement activities, and assist with disposition from preparation through due diligence and close.
Key Responsibilities
- Source and underwrite development opportunities
- Prepare pro-formas and financial projections
- Conduct field investigations and entitlement analysis
- Manage zoning, entitlement, and permitting activities
- Support disposition process including due diligence and purchase and sale agreements
Technical Overview
The role is heavily analytical and modeling-focused, requiring advanced Excel financial modeling for underwriting, pro-formas, and financial evaluations. It also uses Adobe and MS Office while coordinating with third-party consultants and property management companies across entitlements, financing inputs, and lease-up strategy.
Ideal Candidate
The ideal candidate is a mid-level real estate development professional with 3 to 5 years of related experience who can source and underwrite multifamily opportunities. They will be strong in advanced Excel financial modeling, pro-formas/financial projections, and underwriting analysis, with experience handling zoning/entitlements/permitting and supporting both development and disposition activities.
Must-Have Skills
Bachelor’s degree in FinanceAccountingEconomics or a related degreeThree to five years related experience and/or trainingProficient in advanced Excel Financial ModelingProficient in AdobeProficiency with MS Office
Tools & Platforms
Advanced Excel Financial ModelingExcelAdobeMS Office
Required Skills
Source and underwrite development opportunitiesprepare pro-formasfinancial projectionsfield investigationsrent studiesanalysis of market informationoperational expense dataestimated hard and soft costsunderwriting processmanage zoningentitlementpermitting activitiesproject timelinespending forecastsinvestment packagespresentation of development opportunitiescoordinate with construction personnelwork with third party consultantsstrategize with third party property management companiesdisposition process supportdue diligencepurchase and sale agreementsadvanced Excel financial modelingAdobeMS Office
Hard Skills
Source and underwrite development opportunitiesPrepare pro-formasPrepare financial projectionsConduct field investigationsCreate rent studies off the competitive propertiesComplete detailed analysis of the immediate neighborhoodEvaluate entitlementsSummarize land sales and multifamily apartment sales in the immediate areaManage zoningManage entitlementManage permitting activitiesPerform underwriting processAnalyze market informationAnalyze operational expense dataEstimate hard and soft costsEstablish project timelineEstablish spending forecastsCompilation of components for investment packagesPresentation of development opportunitiesCoordinate with construction personnelWork with third party consultants on construction plans entitlements and financingStrategize with third party property management companies during lease-upPrepare properties for saleCreate financial evaluationsSelect brokersNegotiate purchase and sale agreementsWork with buyers from due diligence period through closeMaintain communication and progress with local officialsbrokersconsultantsetc.Participate in decision making process regarding productmixparkingand designAdvanced Excel financial modelingAdobeMS Office
Soft Skills
CommunicationPresentation skillsCross-functional coordinationAnalytical thinkingEthical conduct
Keywords for Your Resume
Multifamily-Development AssociateDevelopment Associate - MultifamilyDHI CommunitiesD.R. HortonOperations Departmentsource and underwrite development opportunitiesprepare pro-formasfinancial projectionsfield investigationsrent studiesentitlementszoningpermitting activitiesunderwriting processanalysis of market informationoperational expense dataestimated hard and soft costsproject timelinespending forecastsinvestment packagespresentation of development opportunitiesthird party consultantsconstruction plansfinancingthird party property management companieslease-updisposition processdue diligencepurchase and sale agreementsadvanced Excel Financial ModelingAdobeMS Officepro-formas
Deal Breakers
Bachelor’s degree in Finance, Accounting, Economics or a related degree required, Three to five years related experience and/or training required, Must be proficient in advanced Excel Financial Modeling, Must be proficient in Adobe
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