Fairstead is a purpose-driven real estate firm dedicated to building sustainable communities across the country. Headquartered in New York, with offices in Colorado, Florida, and Maryland, Fairstead owns a portfolio of more than 25,000 apartments across 28 states that includes 17,000 units under management. Fairsteads commitment to communities is realized through a comprehensive platform that leverages in-house expertise in acquisitions, development, design and construction, asset management, and property management.
Fairsteads 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.
Fairsteads Core Values: Empathy, Innovation, Entrepreneurship, Determination & Integrity
Fairstead is seeking a Development Analyst to join our NYC team:
Responsibilities:
- 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
Requirements:
- Bachelors 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.
Diversity in backgrounds and experiences is key to Fairsteads growth and success. Being an equal opportunity employer is a central tenet of our philosophy that shapes who we are and the communities we serve. Our goal is to ensure competitive total compensation that is commensurate with experience, location, and other market benchmarks. NYC Pay Range: $90,000- $115,000 + bonus eligible