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Toll Brothers Apartment Living, the luxury apartment development division of Toll Brothers, America’s Luxury Home Builder, has an outstanding opportunity for a Multifamily Development Associate to join our multifamily development team in Scottsdale, Arizona.
In this role, you will be part of our Toll Brothers Apartment Living Division, working to develop new multifamily, mixed-use, and student-housing projects.
The day to day duties will include financial modeling, evaluating and investigating new investment opportunities, and general support of the development of new multifamily communities in the region. You will be involved in the full spectrum of the development process including land acquisition, development, construction management, and asset management of our multifamily investments.
Essential Responsibilities:
- Collaborate with and support the regional Apartment Living development team in evaluating new multifamily development opportunities and on-going projects already in development as well as supporting asset management of existing properties.
- Prepare and maintain proformas and other financial models for the evaluation of new real estate developments, joint ventures, bank loans and other project finance activities.
- Analyze and produce development, construction budgets and estimates.
- Assist in gathering due diligence reports and materials for development opportunities.
- Provide support for acquisition, financing and, disposition process for multifamily developments.
- Prepare financial modeling to support and guide acquisition and asset decisions.
- Prepare presentation materials on development opportunities for internal and external use.
- Analyze and monitor financial performance of properties including financial modeling, benchmarking to budget, and collaborating with management in executing business plans.
- Assist in the development of site and building design documents.
- Participate in the field execution of new construction projects.
- Assist in bidding, scoping & buy-out of development and construction costs payment processing
- Process RFIs, submittals, change orders & directives.
- Analyze the overall market and monitor industry trends.
- Assist in transaction sourcing.
- Conducts all business in an ethical and professional manner while serving stakeholders and increasing the goodwill and profit of the company.
This is an excellent opportunity to join one of the nation’s most respected Fortune 500 companies!
Qualifications
- A Bachelor’s degree in Real Estate, Business, Finance, Engineering, Architecture or related field is desired
- 3+ years of experience in commercial real estate, architecture, engineering or investment banking.
- Advanced Excel financial modeling (create original financial models for new scenarios with limited guidance).
- Excellent written and verbal communication skills, able to summarize conclusions and confidently present well-supported arguments for or against specific investment opportunities.
- Highly organized and able to focus under pressure while balancing competing priorities and meeting tight deadlines with a high degree of accuracy.
- Goal oriented, self-starter that takes initiative to effect change with continuous improvement in multifamily underwriting process.
- Proficiency with MS Office and email.
- Experience in multifamily underwriting is preferred.
Source: Toll Brothers Career Page
