This Development position is designed to be a talent development and onboarding role into Greystar's international development platform. The team member will be based in Greystar's Global Headquarters in Charleston, SC for 12 - 18 months and then become a member of an international development team. There will be two phases to this role if performed successfully:I. International Development Operations (12 - 18 months | Charleston, SC): The team member will join the International Development Operations team to support all aspects of international development. Including supporting international leadership in oversight of international development businesses, facilitating the Investment Committee process for international development opportunities and ensuring materials are adequate for weekly presentations, managing monthly construction status update documents for all international development projects, managing the base international development proforma model and associated memos. This is an excellent opportunity to get exposure to the core leadership of Greystar and build a foundation for a successful career in real estate development. II. Development (Indefinite | Location TBD): The team member will transfer to an international office to join a development team. During the hiring process the candidate will interview with international development leaders in target markets to gain support for a future transfer. Target markets will be selected based on the candidate's interest and language skills. Approval to transfer to the target market will be contingent on excellent performance in the International Development Operations role and agreement on employment terms with the local development team. The target location of this position will be in our China office and will have experience working in the local markets. 3-5 years of real estate experience preferred i.e. construction, development, design, project management, engineering.
International Development Operations Responsibilities (Phase I):
Manage sustainable and efficient processes applicable to European, Asia-Pacific, and South American development teams including: proforma and financial model reviews and maintenance, development and construction software implementation, research and feasibility best practices, development and construction status reporting, functional design reviews, and financial due diligence.
Support financial analysis of development opportunities, including creating detailed pro-forma and financial models for review as well as feasibility studies for new international markets.
Participates in the Investment Committee process for all international deals through auditing of development models, memo reviews, and compiling deal notes for review by Investment Committee.
Provide support to the regional development teams and helps to compile and analyze market datafor the investment memoranda and market summary reports for newly proposed projects.
Development Responsibilities (Phase II):
Source new development opportunities through research and market interactions and relationship-building.
Conduct financial analysis of development opportunities, including creating detailed pro-forma and financial models for review.
Gather, compile and analyze market data and prepare investment memoranda, detailed reports, and market summaries that provide insights on proposed projects.
Prepare financial, market, and other documents required for new business pitches and RFPs.
Participate in the due diligence on development sites under contract and prepare documentation on key findings that may affect the return and financial performance of the proposed deal.
Oversee active development tasks relating to planning/entitlement, permitting, estimating, preconstruction, financing, construction, marketing.
Complete various human resources, financial, administrative, and other reports and analysis, and perform other duties as assigned or as necessary.
Identify areas for improvement, offer suggestions to improve the overall efficiency and productivity of the development discipline, and introduce procedures and activities that control costs, improve quality, and drive efficiencies in the development process.
Keep abreast of current changes in technology, processes, and standards within the industry and area(s) of responsibility by attending internal and external training classes, research and/or subscribing to the internet or other professional publications or utilizing other appropriate method(s) to obtain business and professional information, and apply knowledge and practices to area(s) of responsibilities.
Knowledge, Skills, Abilities:
Strong work ethic. Willingness to collaborate. Ability to communicate clearly and effectively.
Language skills for target international market.
3-5 + years of real estate experience preferred i.e. construction, development, design, project management, engineering.
Proficiency with Microsoft Office suite. Particularly MS Excel and MS PowerPoint. Ability to create and audit detailed financial models in Excel.
Internal Number: R0021419-1
National Platform with Local ExpertiseGreystar, founded in 1993, provides world-class service in the multifamily real estate business. Our innovative business model integrates the management, development and investment disciplines of the multifamily industry on both national and local levels. This unique approach and our commitment to hiring the very best multifamily professionals have resulted in record growth, making us one of the most respected and trusted multifamily real estate companies in the country.Because our business model includes both investment and service-oriented businesses, we’re able to maintain a constant presence in local markets and create value in all phases of the real estate cycle. Our national platform provides economies of scale, financial sophistication, institutional quality reporting and tremendous capital relationships, while our city offices provide local market expertise and execution.Our dedication to redefining excellence in apartment living means we’re constantly exploring innovative ideas and pioneering new ways to serve our residents and clients. The Greystar team is more than 5,300 team members strong and growing. Check out the latest opportunities.