Analyst/Associate of Development & Construction Management

Washington, Washington DC

The Maison Group | Real Estate Executive Search
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Our Client: A leading, global real estate investment management advisor and a globally recognized provider of real estate services, that serves the interests of more than 750 institutional clients with approximately $86 billion USD of assets under management and expertise in the asset management of office, industrial, multi-residential, retail and hotel property across the globe.

With offices in 24 cities across twelve countries, this organization has deep, local knowledge, experience, and extensive networks in the regions where they invest in and manage real estate assets on behalf of their clients in primary, secondary and co-investment markets.

Summary: Responsible for oversight of development and construction activity for a variety of asset classes on behalf of the company's clients and discretionary funds. The successful candidate will work closely with the company's Investment and Asset Management teams to support due diligence, underwriting, negotiation, closing, and successful completion of new investments.

Essential Duties and Responsibilities: following are included, other duties may be assigned.

Investments: The Analyst/Associate of Development will assist in the pursuit, due diligence, and closing of new development projects, working in collaboration with the firm's Investment team to:

  • Participate in due diligence process including document review and comment, budget review and comparison, preparation of project budgets and financial reports, review of closing reimbursements, etc.
  • Assess the viability of plans, budget and schedule of prospective projects on behalf of various clients.
  • With assistance from legal counsel, review status of entitlements, zoning, title, survey, land purchase agreements, and construction contracts.
  • With assistance from consultants, review project costs and schedule, and environmental, geotechnical, and construction studies and reports.
  • Assist in the preparation of Investment Memorandums to the firm's Investment Committee for approval.
  • Assist in the review and coordination of land purchase contracts, joint venture agreements, and development services agreements.

Project Management: The Analyst/Associate will assist in the management of development projects in cooperation with joint venture developer partners or fee developers. The Analyst/Associate will work with third-party construction consultants and in-house accounting to ensure the timely funding and successful completion of all aspects of the development, including:

  • Support design development, pre-construction, and value engineering process with developer, architect, and contractors to ensure functional designs that meet market demand, and which can be constructed within budget and schedule.
  • Review developer's proposed bidders and bid packages, review construction bids, review general contractor qualifications, review construction contract with advice from legal counsel, and ensure appropriate bonding and insurance coverage, in conjunction with the firm's construction and insurance consultants.
  • Attend progress meetings and monitor construction progress to ensure compliance with project budget, schedule and quality standards of client and insurance carrier.
  • Manage project budget and cash flows; assemble and process draw packages; review and approve funding requests and construction draws from developer and general contractor; provide notification of potential budget increases and/or project delays.
  • Maintain all project documentation in accordance with the firm's procedures including timely and organized tracking/filing of key deliverables including, but not limited to, permits, construction change orders and schedule updates, insurance and bonding verification, inspection reports; lender deliverables; etc.
  • Review and recommend approval of proposed change orders in consultation with the developer, architect, and construction consultant, and maintain accurate records of proposed and approved changes to contracts.
  • Provide project-level status reports on a timely and accurate basis.
  • Assist in the transition of the project from Development & Construction Management over to Asset Management as the project nears substantial completion, including contract and punch list close-out.
  • Complete special and ad hoc internal and external projects, as assigned.
  • Prepare quarterly project updates for internal management review.

Qualifications:

  • A four-year undergraduate college degree in construction management, business administration, engineering, architecture or similar discipline preferred. Candidates should have at least two years of experience in real estate development, project management, and/or construction, and will have worked for a developer, general contractor, REIT, opportunity or value-add fund, real estate advisor, or similar organization.
  • Highly proficient in MS Excel with ability to create detailed budgets/cash flows for development projects and perform pro forma models
  • Proficiency in PowerPoint and Word
  • Proficiency in scheduling software (MS Project; etc.) is a plus
  • Cumulative exposure to various phases of ground-up development projects (entitlement/pre-dev, construction, close-out)
  • Thrives in a varied work environment, managing several projects at once with ability to work independently and with acute attention to detail
  • Exposure to creating development project budgets and schedules, monitoring construction budgets and schedules, reviewing construction draws, tracking change requests and change orders, preparing quarterly status reports for senior management, and assisting in the close-out of contracts and punch lists
  • Ability to travel
Date Posted: 23 May 2025
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