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Development Associate

Pacific Elm Properties

Mixed Use Government Hospitality / Entertainment

Dallas, TX

Salary Estimate: Confidential

Employment Type: Full Time

Work Place: Office

Experience Required: 2+ to 5 years

Education Required: 4 Year College

Job Description

About this Job
Pacific Elm Properties is seeking a motivated Development Associate to play a critical role in our real estate development projects. The primary responsibility of the Development Associate is to support the Pacific Elm team members in all facets of the development process:

Review and analyze zoning information, contract documents, financial reports, and other items as part of due diligence process, deal negotiations, and closings
Assisting coordination and oversight of project teams, which may comprise architects, contractors, attorneys, lenders, investors, property managers etc.
Assisting the planning, design, bid/award, and construction process to ensure that projects conform to quality standards, and are on time, and within budget
Develop project scopes, budgets, schedules, and establish priorities
Prepare financing memoranda that include business plans, graphics, market information, and financial information
Manage and prioritize multiple tasks daily in a fast-paced environment, meeting tight deadlines
Assist, manage, and track public processes, regulatory hurdles, and interactions with government bodies
Assist in legal, environmental, zoning, and building code compliance
Perform advanced financial modeling and analysis, including public finance structures, cost benefit analysis, etc.
Out-of-state travel required

Skills/Experience

2-5 years of development or real estate finance experience
Strong analytical skills
Excellent interpersonal and problem-solving skills
Strong written and verbal communication skills
Organized and detail oriented
A team-oriented personality
Self‐starter
Results‐oriented
Proficiency in Microsoft Office, specifically Excel
Public Private Partnership experience

Development

Architecture / Design

Asset Management

Financial Analysis

Investment Management

Underwriting

Transaction

Project Management

Research/Market Analysis

Legal

Planning/Entitlement

Capital Markets

Due Diligence

Full Time

Pacific Elm Properties

• 1-100 employees

Pacific Elm, formerly Woods Capital (the “Firm”), founded by Jonas Woods in 2007, is an integrated real estate investment firm focused on the U.S. real estate market. The Firm seeks to make opportunistic equity and debt investments on behalf of its investors in projects where it can leverage the acquisition, management, development, and capital markets experience of the Firm. The Pacific Elm team has been an active participant in the real estate market as an investor, developer, and manager of real estate assets for over 30 years and has completed over $6 billion in real estate acquisition and/or development transactions including office, residential, industrial, retail and mixed-use properties.

Pacific Elm’s investment philosophy is that of a value investor with a specific focus on identifying, pricing and mitigating risk throughout the investment process. This philosophy is demonstrated through an investment approach that places utmost importance on a thorough understanding of asset‐level real estate values and a focus on transactions where risk is mis‐priced. Additionally, Pacific Elm provides fully integrated asset management services, including property management and leasing, to ensure the greatest performance of individual assets.

Pacific Elm Properties invests in, develops and manages dynamic, mixed-use properties in Dallas, TX and Raleigh, NC. With an uncompromising commitment to placemaking, Pacific Elm elevates existing and develops new upscale urban neighborhoods, including Parkside Uptown, The Field Street District, Ivy Park and the new Lenovo Center district in Raleigh. Pacific Elm’s existing portfolio is comprised of six class A towers totaling 4.7 million square feet of office, residential, hotel and retail space in Downtown Dallas. The firm’s development and adaptive reuse pipeline includes 17.2 million square feet of mixed-use property including 7.2 million square feet of office, 5,900 residential units, 735 hotel keys and 515,000 square feet of retail.

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