Junior Development Associate

Caldwell Companies is a leading full-service real estate firm based in Northwest Houston. We are seeking a Junior Development Associate to join our team. Caldwell Companies is a faith based firm that engages in large-scale commercial and residential development, real estate investment, commercial brokerage, and asset management. Our company culture is a team/family-based environment where the individual is treated with respect. We foster an enjoyable work setting coupled with a fast-paced goal oriented environment.

The Junior Development Associate works directly with division leadership on the acquisition and execution of projects to meet the strategic objectives of the multi-family team. The Junior Development Associate will ensure a high level of professionalism and foster positive relationships with consultants and clients.

Technical Knowledge:

  • 3-6 years of Multifamily development related experience
  • Understanding of real estate and/or financial asset underwriting practices and methods
  • Ability to read, analyze, and interpret due diligence reports, construction plans, leases, legal documents, financial documents and government regulations
  • Working knowledge of ownership rights, interests, property conveyance, title insurance, easements and encumbrances, deed restrictions, eminent domain, and land use regulations
  • Working knowledge of the entitlement process including easement issuance or abandonment, utility coordination, zoning changes, and platting
  • Experience with project level accounting including budget creation, job cost reporting, and investor financial reporting
  • Experience with property management companies, property owner associations, home owner associations, and municipal utility districts
  • Working knowledge of project and time management techniques, methods, and software with demonstrated ability to meet deadlines
  • Bachelor’s degree (emphasis on real estate or construction)
  • Proficiency with Microsoft Project, PowerPoint, Outlook and Excel Required

Typical Tasks:

  • Track Multifamily development and investment activity in strategic MSA’s
  • Conduct general and specific market/submarket research pertaining to competitive rental properties and investment sales
  • Research government regulations pertaining to new development opportunities
  • Obtain real property information from public records research
  • Analyze new development sites for acquisition, including market research, supply analysis, demand analysis, job growth and other key economic factors
  • Prepare investment committee presentations on potential acquisitions and development projects
  • Assist in underwriting of prospective sites for development, including product programming, rental rate analysis, cash flow modeling, and disposition analysis
  • Assist in the design, scheduling, and execution of projects
  • Prepare market surveys for due diligence by preparing metrics, comparing and analyzing data, and making recommendations
  • Assist in creating investment offering packages
  • Manage and monitor the activities of team members hired to perform specific project-related activities including architects, engineers, consultants, and construction professionals
  • Monitor and guide project progress with city officials, internal teams, and financing partners
  • Prepare monthly project status reports
  • Assist in managing and monitoring operating assets to maximize project value
  • Prepare and manage disposition data for potential sales of current assets
  • Willing to travel, if needed.

Working Relationships:

  • Goal driven self-starter with the ability to work independently
  • Exhibits selfless service to accomplish team goals
  • Ability to work independently on tasks and effectively collaborate with team to promote successful completion of projects
  • Ability to work in a small group environment where roles and responsibilities change frequently
  • Exhibit willingness to undertake new tasks and seek advice or assistance where necessary to assure timely and appropriate completion
  • Ability to communicate effectively with public officials, tenants, vendors, team members and the general public in a professional manner
  • Ability to effectively present information in public and professional forums
  • Ability to multi-task with great organizational skills

Caldwell Companies is an equal opportunity employer. Please submit resume to marketing@caldwellcos.com