Main Responsibilities of a Development Associate at Family Office Real Estate Development
As a Development Associate at Family Office - Real Estate Development, George's main responsibilities revolve around financial analysis, including "financial modeling, so performer building, um, calculating IRR, return on investments," and figuring out the capital stack. The role also involves actively engaging with external stakeholders such as construction lenders, general contractors, and city officials for permitting and entitlement processing.
Financial Analysis, Real Estate Development, Investment Analysis, Construction Lending, Project Management
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. Financial analysis and modeling, including calculating IRR and return on investments.
2. Determining the capital stack, including debt to equity ratios.
3. Meeting with construction lenders to secure project financing and with city officials for permitting and entitlement processing.
Transcript
What are your main responsibilities within your role?
What are your main responsibilities within your role?
Right now, it's a lot of financial analysis and financial modeling. This includes performer building, calculating IRR, and return on investments.
I also focus on figuring out our capital stack, specifically debt to equity. I meet with construction lenders to determine loan amounts for building projects.
Additionally, I have weekly meetings with the general contractor. I also meet with other lenders for refinancing jobs.
Finally, I go to the city to meet with them for permitting and entitlement processing.