MWF Properties has been developing projects since 1999. We specialize in multi-unit residential housing. We have developed properties across Minnesota, Iowa, and Illinois totaling over 2,200 units.
Our project success is based upon exceptional market selection and site acquisition. We pride ourselves on developing aesthetically pleasing projects that are known for quality construction.
POSITION SUMMARY
Provides analytic support services to maintain/increase profitability and efficiencies of existing real estate portfolio.
DUTIES AND RESPONSIBILITIES:
- Assist development team in initial underwriting for future tax credit and market rate developments.
- Assist asset management with installment releases with investor partners.
- Assist asset management with permanent debt conversions.
Construction:
- Monthly Draw Meetings
- Attend monthly draw meetings with General Contractor and Architect.
- Review, update and manage Alternates List.
- Prepare and submit monthly draw packages.
- Property Turnover – work as liaison between ownership & management.
- Attend/coordinate punch walks (mock unit, all units, common area, exterior).
- Attend/coordinate 11-month warranty walks.
- Works with the Management Company on new development turnover, including schedule, procurement of furnishings, fixtures, & equipment, and rental compliance.
- Work with Property Management to establish first year operating budgets.
Lease-up:
- Assists property management with leasing activities to ensure rapid lease-up of new developments.
- Conducts cost/benefit analysis to allocate resources to meet tax credit lease-up projections.
- Coordinates ongoing reporting of essential leasing metrics to property management and stakeholders.
- Assists in website development and digital marketing for existing and future developments.
- Completes ongoing analysis to understand payback on marketing sources.
- Prepares financial analysis material.
- Conducts market research on existing developments to maximize rental efficiencies.
- Analyzes and generates reports and information from property management staff to ensure productive development management.
- Assist in the preparation of monthly financial review and reporting to stakeholders.
- Assists asset management in research and procurement of information necessary for project financial reports.
- Coordinates weekly, monthly, and annual documentation required by the Management Company, lenders, and partners.
- Assist in preparation of annual budgets on behalf of Ownership.
- Assist in annual audit and tax return review.
- Attend quarterly property inspections and review inspection reports.
- Oversee bids and track all Capital Expenditures over $10,000 on behalf of Ownership.
- Work with asset manager to oversee Preventative and Ongoing Maintenance Programs to maximize Asset Value.
Disposition/Refinance/Re-Syndication:
- Compiles due diligence and procures necessary information related to refinancing opportunities and syndicator buyouts.
- Work with Brokers to sell assets.
QUALIFICATIONS:
To perform this job successfully, an individual must be able to perform each duty and responsibility satisfactorily. The requirements listed are representative of the education, knowledge/experience, and skills/abilities required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Education:
- BA/BS degree in finance, real estate or related field.
Knowledge and experience:
- 1-2 years in real estate development, property management, or in a financial reporting environment.
- General business knowledge.
Skills and Abilities:
- Organizing—able to coordinate delivery of resources (funding, materials, support) to assist projects to successful conclusion.
- Communications Skills—is effective in a variety of formal presentation settings, able to write clearly and succinctly in a variety of communication settings and styles, and practices attentive/active listening.
- Financial Modeling Skills – able to use a variety of tools, techniques, and approaches for modeling.
- Priority Setting—focuses efforts and time on what’s most important by identifying the critical few priorities, planning for and adjusting to problems and roadblocks, and creating focus for self and others.
- Drive- a self-starter that will seek out ways to improve efficiency and solve problems.
- Ability to work independently and in a team-oriented, collaborative environment is essential.
- Excellent analytic abilities.
Working Conditions:
- Majority of job performed in an office environment, frequent use of personal computer, facsimiles, copy machines and other office equipment. Occasional work on construction sites and apartment complexes that requires protective equipment that conforms to OSHA regulations.
Accessibility: If you need an accommodation as part of the employment process please contact Human Resources at
Phone: 612-243-5000
Equal Opportunity Employer, including disabled and veterans.
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