Development Associate

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Greystar is Monitoring Recruitment Scams

Greystar is committed to a providing a safe and transparent candidate recruitment experience. Unfortunately, fraudulent activity by scammers representing themselves as recruiters or employees is on the rise globally. These scammers may mimic our branding, use unofficial email addresses, or send fake job offers that promise employment in exchange for sensitive personal information or access to banking information.

Please note, Greystar will never request your banking details or other sensitive personal information during the interview process. Greystar does not conduct any interviews via text or messaging, and all communications will come from an official Greystar email address (@greystar.com).

If you receive suspicious requests or are concerned that you have been contacted by an unauthorized individual claiming to represent Greystar, please contact AskHR@greystar.com

Development Associate

R0196762 City Office New York New York, New York Full time

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Overview

Greystar is looking for dedicated and hard-working individuals who want to help us continue to be the best at what we do. Today, we are the largest rental housing operator and developer in the US and one of the largest global investment management companies, delivering industry-leading services to investors, clients, and residents. We offer unrivaled professional development and career growth opportunities to our team members and look forward to welcoming you to Greystar, where our people are what make us the Global Leader in Rental Housing.

Job Responsibilities

ABOUT GREYSTAR

Greystar is a leading, fully integrated global real estate platform offering expertise in property management, investment management, development, and construction services in institutional-quality rental housing. Headquartered in Charleston, South Carolina, Greystar manages and operates over $350 billion of real estate in more than 260 markets globally with offices throughout North America, Europe, South America, and the Asia-Pacific region. Greystar is the largest operator of apartments in the United States, managing over one million units/beds globally. Across its platforms, Greystar has nearly $79 billion of assets under management, including over $34 billion of development assets and over $36.5 billion of regulatory assets under management. Greystar was founded by Bob Faith in 1993 to become a provider of world-class service in the rental residential real estate business. To learn more, visit www.greystar.com.

JOB DESCRIPTION SUMMARY

Performs financial analyses for development opportunities, preparing appropriate documents to facilitate the underwriting and closing of real estate transactions, may interface with brokers, equity partners, institutional clients, and the Company's development and construction leadership.

JOB DESCRIPTION

• Conducts financial analysis of development opportunities, including creating detailed pro-forma and financial models for review.
• Gathers, compiles and analyzes market data and prepares narrative investment memoranda, detailed reports, and market summaries that provide insights on proposed projects.
• Assists in preparing financial, market, and other documents required for new business pitches and RFPs.
• Participates in the due diligence on development sites under contract, and prepares documentation on key findings that may affect the return and financial performance of the proposed deal.
• Monitors and reports on the status and progress of proposed development pipeline project, recommending critical timelines and deadlines for tasks and activities related to the proposed transaction, and identifies and communicates issues or problems that could adversely affect closing.

The salary range for this position is between $130,000 - $150,000.

Additional Compensation:

Many factors go into determining employee pay within the posted range including business requirements, prior experience, current skills and geographical location.

• Corporate Positions: In addition to the base salary, this role may be eligible to participate in a quarterly or annual bonus program based on individual and company performance.
• Onsite Property Positions: In addition to the base salary, this role may be eligible to participate in weekly, monthly, and/or quarterly bonus programs.

Robust Benefits Offered*:

• Competitive Medical, Dental, Vision, and Disability & Life insurance benefits. Low (free basic) employee Medical costs for employee-only coverage; costs discounted after 3 and 5 years of service.
• Generous Paid Time off. All new hires start with 15 days of vacation, 4 personal days, 10 sick days, and 11 paid holidays. Plus your birthday off after 1 year of service! Additional vacation accrued with tenure.
• For onsite team members, onsite housing discount at Greystar-managed communities are available subject to discount and unit availability.
• 6-Week Paid Sabbatical after 10 years of service (and every 5 years thereafter).
• 401(k) with Company Match up to 6% of pay after 6 months of service.
• Paid Parental Leave and lifetime Fertility Benefit reimbursement up to $10,000 (includes adoption or surrogacy).
• Employee Assistance Program.
• Critical Illness, Accident, Hospital Indemnity, Pet Insurance and Legal Plans.
• Charitable giving program and benefits.
• Benefits offered for full-time employees. For Union and Prevailing Wage roles, compensation and benefits may vary from the listed information above due to Collective Bargaining Agreements and/or local governing authority.

Greystar will consider for employment qualified applicants with arrest and conviction records.

Greystar is an equal opportunity employer and does not discriminate in employment on the basis of race, color, religion, sex (including pregnancy, sexual orientation, and gender identity), national origin, age, disability, genetic information, military or veteran status, or any other characteristic protected by applicable law.

Important Notice: Greystar will never request your banking details or other sensitive personal information during the interview process. Greystar does not conduct any interviews via text or messaging, and all communication will come from official Greystar email addresses (@greystar.com). If you receive suspicious requests, please report them immediately to AskHR@greystar.com.

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Success Profile

What makes a successful Greystar team member? Check out the top traits we're looking for and see if you have the right mix.

• Creative
• Decision Making
• Conceptual
• Imaginative
• Industrious
• Leadership

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Meet our people and discover how you can make an impact providing a home to people across the world.

"My first 5 years at Greystar have been incredibly special due to the great people I am surrounded with and the amazing projects I get to be a part of. My rate of personal growth just wouldn't have been the same!"

• Xavier

Benefits

Healthcare

Health insurance (including company-paid opportunities) is offered, along with competitive dental (US Only) and vision insurance* plan options

• in select countries

Retirement Planning

We know planning for retirement is a top priority for our team members. We offer competitive retirement savings plans including employer-matched 401(k) plans (US Only) and country-specific Pension Schemes to ensure the security of your financial future.

Paid Time Off

Full-time team members receive generous paid time off - including your birthday! - as well as paid sick leave, personal days, and company holidays*

• varies by country

Paid Parental Leave

Maternal and paternal paid leave is available for the birth or adoption of a child

Professional Development

Ongoing support is available for career advancement opportunities in addition to corporate training programs

Employee Assistance

Program

Experienced counselors are available 24/7 for confidential assistance to listen and help you find solutions at no cost to you

Note: Outlined benefits may vary by international region.

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Greystar is an equal opportunity employer and will comply with all federal, state, and local laws regarding equal employment opportunities and pay. Greystar will recruit, hire, train, and promote the most qualified candidate for every job position and apply this policy to all other terms and conditions of employment. Greystar is committed to making reasonable accommodations to any Team Member with a disability. If you have a disability or special need that requires an accommodation to participate in our interview process, please let us know by completing our Accommodations for Applicants form.