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Analyst, Development - Self-Storage

Salary
Competitive
Employment
Full Time
Work Place
Office
Real Estate Field
Location
Chicago
 IL
Postal Code
60606
Country
United States

This job is no longer active.

Description


Analyst, Development – Self-Storage

Job Description

An affiliate of Banner Real Estate Group (“BREG”) is seeking an Analyst to assist the Self-Storage Development team throughout the entirety of a project’s lifecycle, beginning from initial market analysis and site selection to asset disposition.

The individual selected for this role will be part of a tight knit team and will learn through direct exposure to all facets and components of what is required to transform a conceptual vision into an operating real estate asset. As part of completing this role’s responsibilities and duties, the Analyst will develop a broad and varied skillset including complex Excel based financial modeling, underwriting, and project management skills; in addition, a variety of soft skills such as communication (both written and verbal) and presentation skills will be honed. The Analyst will benefit from direct exposure and interaction with senior members of the team, senior management, investment committee members, and external partners.

Responsibilities

Your day will include the following:

  • Work with the development team to assist in conducting market research through the utilization of several databases, pull together necessary data for financial modeling/underwriting, and assist with conceptualizing an initial site plan
  • Assist the Senior Analyst in analyzing and auditing financial statements and models
  • Research and interpret municipal codes, zoning maps, and general plan documents to determine entitlement and permitting feasibility of new self-storage development projects
  • Gather, investigate, and analyze various relevant market metrics e.g., street rates, discounts, concessions, supply per capita, etc.…
  • Identify current storage supply landscape and potential future developments
  • Identify land and/or covered land comparables to help development team inform project acquisition basis
  • Identify and analyze self-storage sales comparables to help development team inform project reversion assumptions
  • Holistically combine market and project specific research into the preparation of Investment Committee memoranda, Equity Raise Offering Memoranda, and Loan Requests
  • Assist in site selection
  • Assist with special projects and ad hoc duties as requested
  • Assist with project coordination tasks

Qualifications

The ideal candidate will have an undergraduate degree in real estate, finance, economics, accounting, or similar discipline, have between 0-2 years of related professional experience with a preference towards direct real estate experience, and possess the following skills and attributes:

  • Overall conceptual and theoretical understanding of the real estate cycle and the real estate development process
  • Ability to perform complex cash flow analyses & forecasts, understanding of how various capital structures impact the sources and uses of a project, and familiarity with waterfall modeling
  • Adept at using Microsoft Office, with advanced proficiency in Excel and PowerPoint
  • Strong written and verbal communication skills with an emphasis on the ability to clearly and succinctly communicate thoughts, opinions, and findings to various internal and external stakeholders; must be comfortable with communication via cold calls and talking on phone, webcam, and email
  • Superior attention to detail
  • Ability to handle multiple tasks and projects simultaneously, managing priorities in a deadline driven environment
  • Comfortable working independently, as well as part of a team
  • Takes pride in producing high quality and accurate work
  • Self-motivated and proactive problem solver
  • Professional maturity and exercise of appropriate judgement in the handling of confidential matters

About Banner

Banner Real Estate Group, LLC is a dynamic and growing real estate firm offering excellent professional growth opportunities.  Since 1989, Banner Real Estate Group has established a proven track record of investing and developing across multiple asset classes. Banner is a private company that offers an excellent chance to be very involved in the development process and grow your career. With a track record of developing 20 self-storage facilities since 2015, Banner is looking to continue to expand its self-storage development group.

 

Please include resume and cover letter. Please indicate salary expectations. Banner is an Equal Opportunity Employer.

 

Job Sector


Not specified

 

Experience


Less than 1 year


This job is no longer active.

Technology / Market Research Chicago Full Time IL Development, Financial Analysis, Research/Market Analysis Analyst, Development - Self-Storage other