Real Estate Development Associate Project Manager

Firm: Thomas Safran & Associates

Payment: Paid
Start Date: Jul 29, 2022
Category: Housing
Posted: Jul 28, 2022

Thomas Safran & Associates is hiring a highly motivated Associate Project Manager to support our team on the acquisition and development of new construction projects. This position will assess feasibility of new business opportunities, conduct due diligence and prepare financial analyses for new project acquisition and development. This position will also support and collaborate with Project Executives and Project Managers to develop new construction affordable housing projects. This position will have the opportunity to gain broad exposure to the affordable housing development industry and directly impact the successful growth of the company.

An ideal candidate is bright and has excellent interpersonal and organizational skills who takes the initiative to follow through and "get it done". They are self-motivated, well rounded, highly capable, socially responsible, and passionate about the mission of the company. This position has a hybrid work location between home, office (Brentwood Los Angeles), and project sites throughout the Los Angeles area.

TSA has over 1,000 units in pre-development in the Greater Los Angeles area and is proud to partner with leading organizations to change the future of our neighborhoods by providing quality housing for populations in need. You can be part of a diverse, talented and inclusive team of individuals who enjoy coming to work every day and innovating together. Our team members work together to find new ways to improve our designs and depend on talented people who are passionate about their work and making a difference. Our success and ability to achieve this vision depends on developing and retaining a diverse team of professionals committed to influencing the communities we serve.


-Regular schedules are Monday- Friday hybrid work location between home, office (Brentwood Los Angeles), and project sites throughout the Los Angeles area
-100% Company Paid for Medical & Dental HMO; Option to upgrade to PPO coverage 90% Company Paid
-100% Company Paid Life Insurance
-401(k) Retirement Plan with 50% Company Match
-Two (2) Weeks of Paid Vacation accrued upon hire
-Fifteen (15) Paid Holidays
-Nine (9) Paid Sick Days

Essential duties:

-Support the Project Executive and Project Manager in all aspects of affordable housing acquisitions, financing, and development processes.
-Communicate with city agency staff, brokers, property managers, and industry consultants to help identify, pursue and evaluate new business opportunities.
-Underwrite and assess feasibility of sites for potential acquisition and development.
-Engage in community outreach initiatives to build and maintain support for a new development.
-Compile and evaluate due diligence information including financial, market, demographic, site, federal, and state regulatory data to make recommendations to team.
-Review and complete documentation necessary to apply for various federal, state and local public subsidy sources, debt and equity financing, property purchase and sale.
-Prepare financial models using a range of capital structures and financing tools unique to affordable housing.
-Prepare and substantiate budgets, assumptions, and pro-forma analysis, including the identification of challenges inherent to a given project.
-Coordinate contract negotiation and review of legal documentation for joint venture and loan agreements, purchase and sale contracts, and ownership structures.
-Assist with construction management including preparation of disbursement requests.
-Organize and file various documentation related to projects to maintain an organized system and accurate record keeping.

Experience and Skills
-Bachelor’s degree required.
-Minimum four (4) years’ combined work experience in a related field, including time in internships or Masters programs. Affordable housing and acquisition experience desirable. We also provide amazing training and mentorship.
-Excellent written, verbal and computer skills.
-Excellent organizational skills and attention to detail.
-Happy, energetic, self-motivated, professional individual who can juggle multiple tasks efficiently, meet deadlines and thoroughly follow-up.
-High degree of professionalism and ability to anticipate changing needs and pivot accordingly.
-Self-motivated and ability to work under pressure in an entrepreneurial environment.

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