Development Analyst - Hiring Fast

Fairstead is a vertically integrated real estate company specializing in affordable and mixed-income housing. Since 2014, Fairstead has acquired and/or developed more than $4 Billion of multifamily property across the country, and today owns a portfolio of over 12,500 apartments in 15 states. The company’s comprehensive platform provides hands-on expertise across all multifamily disciplines, including acquisitions, development, design and construction, energy and sustainability, property management and social services.

Fairstead’s primary mission is to provide high quality housing to all regardless of income, and to make our stakeholders feel “Right at Home.” We accomplish this through an empathetic and innovative approach, and by utilizing our interdisciplinary platform as an investor, developer, owner, and operator. Fairstead provides hands-on expertise across all multifamily disciplines, including acquisitions, development, design, construction, energy, sustainability, property management and social services.

Fairstead is seeking a Development Analyst to join our NYC team:

• Assist the group in all aspects of affordable housing acquisition, rehabilitation, and development (Section 8, LIHTC, etc.) in core markets across the US.
• Review weekly deal financial information and update databases which include but not limited, development budgets, predevelopment budgets, and cash forecasts
• Analyze General Ledgers, Accounts Payable, rent rolls, income statements, and other property level reports
• Coordinate meetings for assigned deals both internally and externally for assigned deals
• Manage shared file management system and due diligence tracking for assigned deals
• Compile and submit meeting minutes for all attended calls as directed by deal leads
• Track Invoicing and Accounts Payable across multiple developments and report trends to senior staff
• Compile monthly construction draws for review and approval by senior development staff
• Travel to subject properties at the direction of senior staff
• Compilation of due diligence information including financial, market, site, and regulatory data
• Coordinate and assist community meetings and governmental approval processes
• Completion of applications and documentation necessary for debt and equity financing, property purchase and sale, and government subsidy renewal
• Support detailed analyses of project schedule delays, cost overruns, productivity, contracts, change orders and other issues related to design and construction
• Coordinate with appropriate personnel including team analysts, , clerical support, and others
• Prepare client communications for senior level review
• Work directly with Senior Associate/Associate on project

• Bachelor’s Degree in related field, Masters in Real Estate Development or similar degree strongly preferred
• Demonstrated achievement in relevant coursework such as development, finance, accounting, legal, urban planning.
• Ability to demonstrate interest in real estate development, prior involvement with affordable housing in some capacity is a plus
• Strong desire to learn new skills
• Exceptional research and writing abilities
• Strong project management skills
• Must be a detail-oriented person with outstanding analytical skills.
• Strong analytical skills and ability to multi-task in a constantly changing environment
• Highly driven and values entrepreneurialism; works well with limited direction.
• Strong computer skills, Intermediate to advance Excel Skills strongly preferred.

COMPENSATION & BENEFITS

Compensation: $90,000- $115,000 + bonus eligible

Health Benefits: Employer paid medical, dental and vision

Discretionary Time Off

Generous holiday schedule, paid maternity leave

Additional Benefits:

· Flexible Work Arrangements

· 401K Plan

· Flex Spending Accounts

· Life Insurance

· Commuter Benefits

· Long Term Disability

· Nationwide Pet Insurance