Development Associate, Outdoor Communities
Company Overview:
RREAF Holdings is a vertically integrated real estate investment, development, and management firm with $4.5B AUM. In 2023 RREAF launched its Outdoor Communities platform to acquire, enhance, and operate manufactured housing communities and RV properties across the Midwest and Sunbelt. With in-house property management and construction management teams, RREAF executes comprehensive business plans to reposition assets, drive performance, and deliver strong returns to its investors.
Position Summary:
The Development Analyst/Associate will be responsible for financial analysis and modeling, site acquisition, due diligence, entitlements, construction and design. The candidate will assist in the day-to-day management of the existing portfolio, while assisting the team in acquiring and enhancing new acquisitions. The ideal candidate brings a blend of project management, operational oversight, and financial acumen in a hands-on, vertically integrated environment. The Analyst/Associate will play an integral role in driving value across the existing portfolio while assisting with new acquisition opportunities.
Onsite: 100% - Dallas, TX
Travel: Once a month.
Pay: 90k-120k
Key Responsibilities:
- Assist the Asset Manager in a broad range of activities including site acquisition, financing, government approvals, design and construction management, sales and marketing strategy.
- Support the execution of asset-level business plans, including site development, amenity upgrades, and operational improvements to increase asset value.
- Conduct market assessments, site assessments, zoning assessments, and other due diligence related to acquisitions and development feasibility.
- Collaborate regularly with in-house property management and construction management teams to ensure alignment on project timelines, budgets, leasing strategies, resident experience, and operations initiatives.
- Track construction spend against budget. Coordinate pay applications, including lien waivers and other requirements for lender draws.
- Manage capital projects. Monitor costs, schedules, and ROI for site upgrades, common area upgrades, and deferred capital expenditure.
- Assist with compiling quarterly, annual and ad hoc performance reports, including variance analyses, KPI dashboards, and asset reviews to ownership and capital partners.
- Conduct regular property visits to review operations, inspect construction progress, and engage with on-site teams. Ensure consistent standards across the portfolio.
- Assist with hold/sell analyses, refinancing scenarios, and long-term asset strategy recommendations in collaboration with acquisitions and capital markets teams.
Qualifications:
- Bachelor’s degree in Real Estate, Construction Management/Engineering, Civil Engineering, Business, or a related field.
- 2-3 years of asset management, construction or acquisition experience with exposure to manufactured housing, RV properties, multifamily, hospitality or SFH portfolios.
- Experience working in a vertically integrated firm with internal property and construction management preferred but not required.
- Strong understanding of real estate finance, CapEx execution, development sequencing. Experience with manufactured housing and RV properties is preferred but not required.
- Advanced in Microsoft Excel, PowerPoint, Word, Teams, Outlook, and project tracking tools.
- Entrepreneurial mindset with strong interpersonal skills and ability to work across departments in a fast-paced environment.
- Excellent communication, written and interpersonal skills with a strong attention to detail.
- Willingness to travel to asset locations as needed.
Compensation & Benefits:
- Health, dental, and vision insurance
- 401(k) with company match
- Generous PTO and paid holidays
- Career development opportunities within a growing platform
