Role Overview
The Development Analyst will help to advance Shift’s mission to build just and equitable communities by supporting transactions to acquire and/or develop a range of impact projects, including mixed-use, mixed-income projects. The Development Analyst will work across a variety of Shift projects and will interact with public and private financing partners. Primary responsibilities focus on modeling impact real estate projects with a range of subsidy programs, supporting financing due diligence and closing processes, and completing a range of analytical tasks to guide executive decision-making and optimize project performance. Other responsibilities will include supporting Shift teams and executives on a variety of impact and value creation initiatives across the Shift portfolio. The role will require a combination of critical thinking, self-initiative, interest in impact real estate and finance, and a collaborative mindset to work across teams and with external partners.
Responsibilities
- Track implementation of business plan after transaction closing and work with team to resolve challenges
- Working with the Shift network of partners to identify and assess potential deal opportunities, including compiling historical performance and market research to build projections; identifying risks and opportunities based on review of due diligence materials; evaluating opportunities to renew or leverage new federal, state, and local subsidy to maximize project impact; and providing analyses for project structuring decisions
- Research subsidy programs and identify potential government and co-developer partnerships for impact projects; prepare subsidy applications and proposals (e.g., transit-oriented development loans / grants, green retrofit and sustainability loans / grants, affordable preservation subsidies)
- Support the preparation of term sheets, offer letters, investment memos, closing summaries, and other transaction-related documents
- Support asset management of the portfolio, assessing property performance and opportunities to improve operations and create value
- Facilitate lender and investor due diligence to leverage financing and close transactions; compile lender draw packages and investor reports
- Track new financing covenants and metrics
- Collaborate cross-functionally with internal and external colleagues to optimize team efficiency and effectiveness
- Support executive team with transaction-related tasks and organizational initiatives (e.g., market research on impact real estate industry, presentations to external partners)
Your Qualifications
- Minimum 2 years professional experience
- Real estate experience preferred
- Quantitative analysis and Excel modeling skills required
- Tax credit experience (LIHTC, NMTC, HTC) is preferred
- Ability to think critically and work independently
- Self-initiative to learn, analyze challenges, and research solutions
- Strong organizational and time management skills
- Ability to work collaboratively with a variety of teams and stakeholders
- Interest in building expertise in impact real estate finance and project management
- Genuine interest in building more equitable communities and creating lasting impact
Compensation
The compensation range for this position is $75k to $125k, commensurate with experience. Shift Capital is an equal-opportunity employer. Please submit your resume and cover letter to careers@shiftcapital.us
SHIFT Capital
SHIFT is a nationally-recognized neighborhood investment group who executes real estate projects and financing strategies that create equitable and thriving communities. SHIFT believes community-centered investments create shared and sustainable economic opportunity and growth, and impact that unites people, businesses, neighborhoods, and cities. To date, SHIFT has invested over $358 million in the neighborhoods we serve to create ecosystems that strengthen entrepreneurship, creativity, and value for tenants, and health and safety for communities. SHIFT owns and manages a mix of 2 million square feet of new and repurposed industrial, commercial, and residential spaces for small businesses, entrepreneurs, and residents. For more information on SHIFT, visit ShiftCapital.us.
Why we exist
We exist to build more just neighborhoods.
What we do
We execute real estate projects and create financing strategies that lead to more equitable
neighborhoods for the long-term.
What we expect from our team
- Creative – resourceful decision making, integrating both independence and collaboration
- Unflappable – confident, flexible, deliberate, and diligent in crisis and in calm
- Relentless – driving towards the goal, stopping only at completion
- Compassionate – understanding for the communities and stakeholders we work with
Our team is responsible for $1B+ in development, construction, and investment, across the country. We own and manage just under 2 million square feet of real estate, including commercial, residential, mixed-use, and vacant lots. Together with our partners, we are:
- Re-energizing obsolete industrial buildings to foster economic development through
- various businesses and entrepreneurs
- Refurbishing vacated residences to provide affordable homes for the community
- Recapturing the vitality of once thriving main streets through innovative programming to
- help launch new small businesses
