Development Associate
SoLa Impact, United States
Job Description
JOB SUMMARY
The Development Associate supports the Development team on the execution of pre-development activites for SoLa’s ground-up projects. The Development Associate assists in the entire pre-construction process for assigned projects, including analysis of potential acquisitions, obtaining the appropriate due diligence reports/surveys, securing approvals/permits from city and other government agencies, and coordinating a smooth hand-off to Construction Project Managers for demo and construction.
ABOUT THE COMPANY
SoLa Impact is a real estate private equity firm with a double bottom line strategy focused on preserving, rehabbing, and building high-quality affordable housing in Black and brown communities. SoLa’s proven track record leverages data-driven social impact strategies to deliver market returns for their investors. SoLa Impact’s fourth fund, the Black Impact Fund, will deploy over $1 billion in Los Angeles and Southern California to build over 3,500 workforce and affordable housing units. SoLa Impact was ranked as the 7th fastest-growing Black-led private company and was recognized as the Leading Social Impact Housing Developer in recognition of SoLa’s demonstrated ability to deliver positive changes in environmental, social, and governance (ESG) matters. SoLa Impact’s funds have attracted a number of leading investors as a result of its disruptive business model of leveraging private capital, in combination with technological innovations such as modular construction, to dramatically reduce the timeline and cost of affordable housing. We offer a fast growing, fast-paced environment which is intellectually challenging, yet extremely rewarding and fulfilling due to the social mission that we fulfill.
Requirements
- Collaborate with Acquisitions on due diligence research on assigned development projects
- Evaluate the feasibility of potential acquisitions, determine the scope of new developments, and make recommendations to the Acquisitions team based on the findings
- Conduct site visits to assess benefits and obstacles of a particular property
- Coordinate with architects; review and approve architectural plans and construction documents
- Coordinate consultants and vendors (survey, environmental, geotechnical, etc.)
- Obtain RTI (entitlements, permits, covenants, and other documents) for assigned projects in a timely and cost-effective manner
- Coordinate with Construction Project Managers for site demolition and hand-off to construction
- Assist in creating internal presentations to colleagues, other departments, executives; and external presentations to investors, policy makers, community members, and other third-party groups
- Complete other tasks and projects as assigned
Benefits
SoLa Impact offers a comprehensive benefits package that includes paid vacation, medical, dental, vision, and life insurance, as well as pet insurance, sick leave, 10 paid holidays, and bereavement days. This package is designed to provide employees with a range of important benefits that help to support their physical and emotional well-being, while also providing financial protection and peace of mind.
At SoLa Impact, we believe work environment, culture, and the opportunity to learn and grow are key elements when considering a new job. We are just the right size to provide the resources and support you need without the bureaucracy of a large corporate environment. We foster a family-friendly and supportive workplace, collaborative and employee-focused with an emphasis on quality, integrity, trust, and accountability. We are looking to bring someone on board as soon as possible. We provide a rewarding and challenging environment. We expect a lot, but give a lot in return. Strongly prefer candidates local to Los Angeles as no relocation assistance will be provided. All qualified candidates will be contacted directly.
SoLa Impact is an Equal Opportunity Employer. SoLa does not discriminate on the basis of race, religion, color, sex, gender identity, sexual orientation, age, non-disqualifying physical or mental disability, national origin, veteran status or any other basis covered by appropriate law. All employment is decided on the basis of qualifications, merit, and business need.