Development Associate

Extell Development Company

About Us:

Founded and headed by Gary Barnett, Extell Development Company is a nationally acclaimed real estate developer of luxury residential, hospitality and commercial properties, operating primarily in Manhattan and other premier cities across the nation. Experiencing outstanding growth since its founding in 1989, the company’s growing portfolio exceeds twenty five million square feet.

Summary of Responsibilities:

• Responsible for driving real estate development projects from beginning to end
• Assist the development management team throughout all project phases, including site acquisition, contracts, programming, entitlement, design, finance, construction, and leasing/marketing
• Create and modify complex financial models to include cash flow projections, valuation models and sensitivity analyses
• Prepare pre development and development schedules
• Oversee and coordinate drawing sets through design cycle
• Track and analyze market comparables; and benchmark projects
• Perform lender due diligence
• Prepare comprehensive monthly reports for investors
• Interpret financial performance with senior management 
• Coordinate capital calls
• Prepare project updates to investors and management
• Assist with negotiation and execution of contracts
• Participate in the process of sourcing new development and acquisition opportunities
• Participate and assist with preparation of government agencies program applications, such as HPD, DOB, DOT, City Planning, etc.
• Review and analyze Request for Proposals (“RFP”), as well as participate in the preparation of RFP submission packages
• Perform other duties assigned

Summary of Requirements

• Bachelor’s degree from an accredited university or college required
• An advanced degree in Real Estate Development, Business Administration or similar preferred
• Minimum of 2 years of relevant experience in real estate development or investment, or other related activities in the real estate industry
• Knowledge of general workflow and processes of building construction
• Advanced knowledge of budgets, cost reports and accounting terms
• Effective financial, interpersonal, and analytical skills
• High attention to detail
• Effective oral and written communication skills
• Successful ability to present recommendations and interact with senior management and investment partners
• Proficient knowledge of MS Office (Excel, Word, Outlook)

Compensation & Benefits:

Extell offers opportunities for professional growth and advancement; and competitive pay and benefits to include:

• Annualized Salary: $130,000 to $175,000
• Medical, Dental, and Vision Insurance
• Life and AD&D Insurance
• Short and Long Term Disability Insurance
• 401(k) Plan
• Paid Time Off Benefits
• Employee Assistance Program

Equal Opportunity Employer