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Development Associate

Company: Element Properties
Location: Boulder
Posted on: January 8, 2022

Job Description:

Job DescriptionElement Properties is seeking a Development Associate to help oversee the pre-development and active development of the company's affordable projects. The Development Associate will serve as the main point-of-contact on at least two multimillion-dollar affordable housing projects in Boulder County; it will be their responsibility to understand the many aspects of the deal and ensure progress. The tasks of the Development Associate will be diverse, including general project management, financial modeling, contract negotiation, project financing, design review, construction oversight, property management planning, and more. The ideal candidate will be highly competent in project management, working with a diverse team, and getting things done. He/She/They will be self-motivated and trustworthy. The goals of the Development Associate are to continually progress projects, eliminate risk, and add value.
About Element PropertiesElement Properties is a privately owned, Boulder, Colorado-based full-service real estate development and investment company, focused on creating value for partners, stakeholders, and community. Element targets urban-infill multifamily rental, for-sale condos and townhomes, affordable housing, office, and mixed-use opportunities in established and high barrier to entry markets with proven long-term demand drivers and a reputation for high quality of life. Element Properties. Places for Life.
Boulder, Colorado is nationally recognized for both its commitment to affordable housing and its intricate building code. The market is one of the strongest in the country with great fundamentals, including diverse job opportunities and consistent rankings for being one of the best places to live in America.
Element Properties is known for training employees to become exceptional real estate developers. Most importantly, we have fun and make a real impact in our community.
Responsibilities

  • Provide regular project updates to the Element Team
  • Manage applications for tax credits, vouchers, and other subsidies
  • Attend project meetings with architects, general contractors, and owners
  • Develop and maintain project financial models
  • Track expenses against project budget
  • Work with the Controller to review project invoices and approve payments
  • Support Principal in project strategy and contract negotiations
  • Manage all project documents and information
    Requirements and Skills
    • Strong project management and organizational skills
    • Experience with real estate development
    • Familiarity with affordable housing preferred
    • Familiarity with construction preferred
    • Strong communication skills
    • Proficient in Excel, Google Sheets, or similar
    • Team player
    • BSc/BA required; Master's in related field preferred
      Salary and Benefits$60,000-$90,000, based on experiencePerformance-based bonusHealthcare plan and generous 401k match availablePaid vacationPaid holidaysPaid continuing education50/50 work from home/work from Downtown Boulder office; this may change at the discretionof the company

Keywords: Element Properties, Boulder , Development Associate, Other , Boulder, Colorado

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