Description
Ram Realty Advisors, LLC (Ram) is a registered investment advisor that invests on behalf of a series of private equity funds and partnerships with co-mingled funds from institutions, plan sponsors and high net worth individuals. Through these funds and partnerships Ram acquires, develops, manages and finances retail and multifamily properties in the Southeast. We pursue the acquisition, development, and redevelopment of commercial, multifamily and mixed-use real estate. Target markets include, but are not limited too; South Florida, Tampa Bay, Orlando, Raleigh/Durham, Charlotte, Nashville and Atlanta. Our strategy includes ground-up development, adaptive re-use, and the acquisition and redevelopment of existing assets. Since 1996 the company has deployed in excess of $3.2 billion in real estate transactions.
Ram is seeking a Development Associate to join their growing team in Tampa, Florida. The Development Associate will assist the Director of Development with the execution of projects under development in the Central Florida. Experience in multifamily and retail projects is preferable.
Essential Duties and Responsibilities: The Development Associate will participate in all aspects of the development process including identification of development opportunities, feasibility analysis and underwriting, due diligence, pre-development design, construction and budget monitoring, and transition to asset management.
• Assist in identifying and evaluating potential opportunities for development.
• Obtain and review all relevant due diligence information: including existing reports, surveys, studies, title work, environmental documents, etc.
• Assist in determining a property’s preliminary feasibility via cash flow projections and assumptions, comparable rental and sales analysis, and detailed financial modeling.
• Develop specific and overall project budgets, financial schedules, and proformas.
• Research and analyze market demographics and comparable properties.
• Assist in preparing investment committee, lender, and equity packages for new opportunities and participate in investment committee and lender meetings.
• Assist in the design and permitting of projects, including evaluation of building features and efficiencies in order to maximize project returns.
• Participate in negotiating terms and conditions of leases, purchase agreements and other contractual agreements connected to the implementation of projects and services rendered by consultants.
• Ensure compliance with leases, purchase agreements and other contractual agreements.
• Manage and monitor approved project budgets and prepare monthly internal status reports.
• Manage and monitor the activities of consultants hired to perform specific project-related activities.
• Prepare presentation materials on existing and pursuit projects for senior management, investors, and lenders.
• Research government regulations and monitor, research, and report upon government policies (City, County, State and Federal) or actions that may impact projects or activities being pursued by the company.
• Maintain active working relationships with municipal Department Heads, Officials, and Staff.
• Research and report upon the use of public funds to support ancillary aspects of development projects and development areas.
• Network and maintain positive industry-related relationships.Requirements
These requirements represent the education, knowledge, skill, certifications/licensure and/or ability required to perform the job satisfactorily. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential duties noted above.
• Bachelor’s Degree from an accredited four-year college or university. Master’s Degree preferred with an emphasis on real estate, construction, or related fields. Minimum three years of related development project experience.
• Proficiency with Microsoft Project, PowerPoint, Outlook and Excel required. Experience with Argus preferred.
• Experience in retail and multifamily development preferred.
Skills: The following skills are essential to succeeding on Ram’s Development Team. While the Development Associate may not be proficient at each skill, the expectation is the ability to act on all skills and to continually to improve on all skills through active work on the job.
• Analytical Skills – strong attention-to-detail; evaluation of complex financial projections; consideration of technical issues, market conditions, and impact to projected risk-adjusted investment returns.
• Critical Thinking – evaluation of alternative concepts; assess and discern competing opinions and facts; synthesize varied financial scenarios with a specific focus on the relationship between risk and reward.
• Organizational Skills – management of multiple projects and competing priorities; organize direct reports, other internal team members and outside consultants in connection with contractual and other schedule constraints.
• Communication Skills – both in writing and verbally, preferably including experience with the following: (a) presenting information to a prospective investor, lender, or investment committee, (b) advocating for a project in front of a community group or elected officials, and (c) participating in professional forums. The ability to actively listen is equally, if not more, important. Varied constituencies will be encountered during the development process, all of which must be treated with respect.
• Interpersonal Skills – including social intelligence, situational awareness, and political acumen. Many of the challenges faced during the process will require strong interpersonal skills, including problem-solving, conflict resolution, and an ability to effectively persuade and influence varied constituencies.
These characteristics are highly valued throughout the Company and essential for all team members:
• High degree of professionalism.
• Commitment to quality and a constant desire for improvement.
• Being open-minded and willing to learn.
• Humility and an ability to admit “I don’t know” or “I made a mistake”.
• Knowing when and how to ask for help.
• Adaptability and flexibility.
• A deep belief in the importance of putting the team first.
• A strong sense of respect for self and others.
• An unwavering commitment to integrity (no matter the perceived short-term cost).
Please note: The Team Member Description is not designed to contain a comprehensive list of duties and responsibilities that may be required of the employee. Duties and responsibilities may change at any time with or without notice.
