A Day In The Life Of A Development Associate At A Real Estate Development Family Office
A day in the life of a project manager at a real estate development family office involves "meeting with the general contractor and going over the plans" to ensure timelines are met and projects run smoothly, but as a developer, a wide array of knowledge is needed, including financial acumen, understanding lenders, expertise in construction trades, and familiarity with real estate law. Essentially, the role necessitates wearing "a lot of hats."
Project Management, Real Estate Development, Construction, Financial Knowledge, Communication
Advizer Information
Name
Job Title
Company
Undergrad
Grad Programs
Majors
Industries
Job Functions
Traits
George Champion
Development Associate
Family Office - Real Estate Development
UC Santa Barbara
University of San Diego - Knauss school of business
History, Art History
Architecture, Construction & Design, Real Estate
Operations and Project Management
Worked 20+ Hours in School
Video Highlights
1. Project managers spend considerable time meeting with general contractors and reviewing construction plans to ensure projects stay on schedule.
2. A development project manager role requires wearing many hats, necessitating financial acumen and understanding of lenders' roles.
3. Success in this career path depends on having knowledge across construction trades and real estate law.
Transcript
What does a day in the life of a project manager look like?
It's a lot of time meeting with the general contractor and going over the plans. You're making sure that you're meeting your timelines for your construction schedule.
You want to ensure everything is going smoothly and that there are no delays in the projects. You need to have everything teed up to run smoothly.
As a developer, you really have to wear a lot of hats. You've got to understand financial knowledge, what the lenders do, as well as knowledge in basically every construction trade.
You also need real estate law knowledge. There's a wide array of other knowledge required as well.