Development Analyst

Title:  Development Analyst

Abacus Capital Group LLC – Visit Website

Salary:  Competitive

Employment:  Full Time

Real Estate Field:  Multifamily Development

Location:  Denver, CO

Date: 10/5/2021

DESCRIPTION

Company Background: 

Abacus Capital Group (Abacus or the firm) is a New York headquartered market specialist focused solely on the U.S. Multifamily market. Founded in 2004, Abacus serves institutional investors through a series of commingled funds.  Those funds target value-add, core and core plus investments.  Its portfolio spans the country having invested in all eight NACREIF regions.

Operationally Abacus specializes in market analysis, acquisitions, development and implementing its proprietary business plans.  Abacus’s development platform leverages strategic partnerships with local development teams, as well as, utilizes in-house capabilities to operate in a variety of markets.  This vertical is currently undergoing a significant expansion with internal focus on bringing this capability to target markets nationwide over the coming years. Though Abacus is headquartered in New York, we have substantial regional offices in Los Angeles and Denver.  

Position Background: 

We are currently seeking a Development Analyst to join the Abacus team based out of our Denver, CO office. 

We are looking for individuals with financial analysis expertise in the real estate sector with a focus on the multi-family development space being a plus. The role supports the efforts of the Denver Team’s multifamily development pipeline and site level business plan execution.  This includes assistance with site identification, underwriting, due-diligence oversight, and debt procurement, along with ongoing financial analysis and reporting over the lifecycle of a project.

The position will require travel throughout the United States.

Specific Responsibilities:

• Ability to assess, underwrite and value multifamily real estate development opportunities, as well as identify strengths and weaknesses of proposed transactions.
• Build, maintain and monitor financial models in Excel utilizing cost assumptions, development and construction budgets, rental comp and expense analysis and market research.
• Maintain and update due diligence checklists for transactions and help coordinate the closing of land transactions, loan closings, etc. 
• Create, monitor, track and interpret project data including contracts, schedules, budgets and cash flows on an on going basis.
• Understanding of multifamily capital markets.
• Familiarity with major MSAs in Colorado, Texas, California, Minnesota, New Mexico, Utah and Florida a plus.
• Produce internal investment memorandums and other presentation materials for both internal and external purposes.
• Assist in other special projects and assignments as may be required.

Skills/requirement:

• Undergraduate degree or MBA with 2+ to 4 years of direct Real Estate experience seeking a growth opportunity.
• Advanced Microsoft Excel experience, strong analytical and financial modeling skills
• Proficient in Microsoft Office and PowerPoint.
• Excellent time management – use time effectively and efficiently, can attend to a broad range of activities across many disciplines.
• Hard worker & team player - no task too small. Getting the job done and exceeding expectations is the key to integrating successfully into our team.
• Ability to both conduct and understand market research for both revenue and expenses.
• Ability to write clear and concise communications and to present to a group either internally or before investors.
• Ability and willingness to travel 25%+ of the time.

Salary Range: $60,000 - $75,000; starting salary will be adjusted based upon experience.