Development Analyst

Department                       Development

Reports To                          Matt Gregory, Senior Vice President

 

MDH Partners (“MDH”) is an Atlanta-based real estate investment company operating focused on industrial acquisitions and development throughout the United States. Founded in 2005 as the successor to a fifty-year-old real estate development company, MDH has participated in over $6 billion (92 million square feet) of acquisitions, developments, and asset management. In March 2019, MDH launched its first discretionary investment vehicle, a $350 million closed-end real estate fund focused on value-add industrial acquisitions and development throughout the Sunbelt regions, which it subsequently sold in 2022 to a global institutional investor. MDH currently oversees the asset management of this portfolio. MDH also raised $750 million for its second value-add fund in 2021, which is now fully invested, and in 2024, MDH closed on their third value-add fund of over $1 billion. Please see www.mdhpartners.com for more information.

 

This position presents an opportunity to learn all facets of industrial real estate development and gain experience in a fast-paced environment by being an integral team member helping to underwrite and execute on development projects across the U.S. The Development Analyst role will provide critical support across several aspects of the development process, including the following:

1)      Development Project Evaluation

     i)        Manage underwriting process for new development deals.   

          (a)    Run Argus Enterprise models and integrate cash flows into development models.

          (b)    Gather input data (construction costs, debt assumptions, impact fees, rental rate assumptions, reversion assumptions, etc.) from appropriate sources and underwrite various scenarios (base case, downside, etc.) for all development deals.

     ii)       Draft investment committee memoranda for deal approval.

         (a)    Gather market data for lease comps, competitive set, market absorption, etc.

         (b)    Analyze the given market’s economic and industrial fundamentals.

         (c)     Draft verbiage and graphics for market conditions, deal justification, etc.

2)      Development Project Execution

     i)        Assist deal team in the due diligence process once a site is under contract. 

     ii)       Attend periodic meetings to learn development management process.

     iii)     Coordinate with internal and external stakeholders including municipalities, regulatory agencies, lenders, and consultant teams to support the project management team. 

 

1.       BS or MS in real estate, finance, accounting, architecture, engineering, construction management, or related field.

2.       Entry level (some experience is an added benefit).

3.       Proficiency with IT technologies (Excel, Word, PowerPoint, Access, Argus, etc.).

4.       Strong written and verbal communication skills.

5.       Excellent organizational skills and attention to detail, with the ability to prioritize and efficiently work on multiple projects simultaneously.

In office hours Monday through Friday, 8:30 AM to 5:30 PM, are required.  Infrequent travel required (approximately 1-2 trips per month).

 

 

Salary will be commensurate with experience.