Development Analyst in Charlotte, NC at LMC, A Lennar Company

Date Posted: 1/4/2022

Job Snapshot

  • Employee Type:
  • Location:
    Charlotte, NC
  • Job Type:
  • Experience:
    2 to 4 years
  • Date Posted:
  • Job ID:

Job Description


Our Company:

Lennar Multifamily Communities (LMC), a wholly owned subsidiary of Lennar (NYSE:LEN), is a multifamily real estate development and operating company with a diverse portfolio of institutional quality multifamily rental communities across the US.  Between our completed developments and pipeline, LMC owns and manages over 100 communities across the US that exceeds 33,000 homes and $12 Billion in development costs and consists of high-rise, mid-rise and garden apartments.


Summary of Position:

The Development Analyst will work closely with members of the Development and Investments teams under the supervision of the Division President.  The ideal candidate must be a self-motivated, detail- oriented individual with a keen analytic mind and a strong interest in the Multifamily development business. 

Compensation: Market competitive salary, bonus & benefits – commensurate with experience.

Principal Duties and Responsibilities:

  • Underwriting potential apartment land acquisitions. This will involve gathering data from commercial research databases, local land brokers and local apartment investment sales representatives.
  • Perform research to identify potential risks & opportunities and validate underwriting assumptions.
  • Prepare investment recommendation packages for senior management and financial partners.
  • Conduct ongoing financial analyses for financial partners, leasing, property and asset management including monthly reports.
  • Research market conditions, rents, and occupancy for specific markets.


Education and Experience Requirements:

  • BA/BS degree preferably in Finance and/or Real Estate.
  • Possess an understanding of key financial concepts and metrics for real estate transactions including capitalization rates, internal rates of return, cash on cash returns, promote waterfalls, and others.
  • The successful candidate MUST be an advanced Argus & Excel user with significant real estate financial modeling experience, ideally with apartments.
  • Ability to multi-task, work under pressure, display a high degree of initiative, resourcefulness and sound decision making, all with minimal oversight and while maintaining a meticulous attention to detail.
  • Strong written & verbal communication skills with a passion for real estate.
  • Preferably having 2-4 years of analytical experience modeling entity level or joint venture real estate transactions; however, exceptional undergraduates without this work experience will be considered.

Physical Requirements:

This is primarily a sedentary office position which requires the Development Analyst to have the ability to operate computer equipment, speak, hear, bend, stoop, climb stairs, reach, lift, and move and carry up to 25 lbs. Finger dexterity is necessary. Rare or regular travel may be required to walk around construction job sites and/or apartment communities as needed, attend training classes, business meetings, or other situations necessary for the accomplishment of some or all of the daily responsibilities of this position. Must have the ability to operate an automobile.


Additional Requirements:

  • Arrive to work on time.
  • Follow directions from a supervisor.
  • Interact well with co-workers.
  • Understand and follow posted work rules and procedures.
  • Accept constructive criticism.

This description outlines the basic responsibilities and requirements for the position noted. This is not a comprehensive listing of all job duties of the Associates. Duties, responsibilities and activities may change at any time with or without notice.



Regular Full-Time


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