What would be the typical day to day for a development analyst? I'm talking for a large multifamily developer....
I know this varies, but im looking for a generic breakdown. Is it more reading contracts and property reports? Or are you in an excel model creating a proforma/analysis on the development?
Like acquisitions your day to day is chugging out proformas for prospective assets, and doing some market research on those areas, how does this compare to development? Do you need to know a ton about the construction process?
Any insight would be awesome
It will most likely be spent in OAC, county planning, and design meetings, learning about the respective counties of where the development/redev occurs permitting services & procedures, building internal trackers in Excel, probably ad hoc work in PowerPoint/Excel for exhibits & and updating costs in the proforma.
There’s going to be a lot of time spent from day 1 to the end of your first year(and most likely throughout your career)spent looking random acronyms, construction & architecture terms up on google.
When I first started in mixed-use dev, I was told it would be like drinking water from a fire hose... and they weren’t wrong. The best thing about development is the variability of tasks and your day to day, which helps keep you from getting bored of repetitive tasks you’d typically find in an acq/asset management role.
Largely depends on the development firm, but generally:
-You'll be doing a lot of financial modeling, especially if you're at a REIT. Coming up with inputs for the model by doing market analysis and meeting with various team members. -Creating various analysis/databases in excel. Maybe keeping track of construction draws, tracking op-ex expenses etc. -You'll be mentored by more senior members. At this stage, you will mainly be learning because there is so much that goes into development.
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