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Core Spaces
Development Coordinator - BTR
Chicago, IL
Sep 28, 2024
Full Job Description

Job Details

Job Location:    IL Chicago Corp Office CCLLC - Chicago, IL Position Type:    Full Time Salary Range:    Undisclosed Job Category:    Development

Description

Who We Are

Core Spaces (Core) is more than a real estate company, it’s a people company. Where building relationships is just as important as building properties. From researchers and architects to designers and operators, Core is made up of risk takers and dreamers who are on a mission to invent the future of living. Our six cultural values guide us every day and we strive to live them in everything we do: PUSH (Invent Better Places to Live), GRIT (We Got This), LIFT (Help Each Other Win), SHINE (Bring Your Full Self), UPHOLD (Never Break Trust), GROW (Always Get Better). Everything Core does stems from this culture of collaboration and innovation, and the drive to constantly improve the resident experience. This unique approach has led to creating spaces and services that are redefining the way people live.

What We Do

Founded in 2010, Core is a vertically integrated company focused on acquiring, developing, managing, and lending across the student housing and build-to-rent (“BTR”) sectors. Its residential communities feature world-class amenities, progressive design, and hospitality-driven client service. In its award-winning student portfolio, Core currently owns and/or manages over 38,600 beds – and has a pipeline of over 43,000 beds in various stages of development. Core's BTR division currently has over 3,000 homes under development and in its pipeline in high-growth metros across the country. For more information, visit www.corespaces.com.

*Portfolio and pipeline numbers as of May 2024

Benefits That Matter

  • A culture that provides you with a sense of belonging
  • Hybrid and remote work options to promote work-life balance
  • Competitive pay that values your contributions
  • Annual incentive to reward your achievements
  • Paid unlimited PTO to disconnect or celebrate life milestones
  • Paid 16 holidays, including your birthday, to disconnect and celebrate
  • Paid Parental Leave that begins after 90 days
  • Paid volunteer time off to give back to your community
  • Monthly workshop weeks; fewer meetings & more collaboration
  • Robust health plan options that begin within at least 30 days of your employment
  • Monthly phone reimbursement
  • Wellness allowance and perks, including a yearly subscription to a meditation app
  • An environment that provides you a voice to share your perspectives
  • Employee Assistance Program (EAP) for access to confidential support services
  • Company retirement options including 401(k) + matching & Roth account option

Position Overview

The Associate, Development Coordinator - Build-To-Rent (BTR) is responsible for organizing, preparing, coordinating, and managing the monthly development draw package process for multiple ground-up build-to-rent projects nationwide, on a monthly or bi-weekly basis. The Development Coordinator reports to the Director, Development - BTR and collaborates closely with members of the BTR Development, Accounting, and Construction teams, as well as with external stakeholders.

What You Will Do

  • Prepare monthly draw packages, gather and review all relevant information from external parties, including invoices and contracts, to generate reports and correspondence.
  • Manage the internal review and approval workflow to deliver draw packages to equity and debt partners, and assist with responses to questions prior to funding.
  • Create and maintain electronic project files in accordance with filing procedures.
  • Review contracts and prepare template agreements in coordination with Legal and Development Managers.
  • Process final contracts for execution and track approval progress.
  • Review Certificates of Insurance from consultants to ensure compliance with contractual insurance requirements.
  • Schedule and organize meetings. Prepare documents for meetings, including but not limited to agendas, meeting decks, and documents for distribution, and coordinate site visits.
  • Attend team meetings, create and distribute meeting minutes, and monitor the follow-up of action items to completion.
  • Assist with or prepare development schedules, and monitor and adjust schedules in coordination with Development Managers.
  • Assist with or prepare project budgets, including real estate, financing, soft costs, hard costs, and FF&E.
  • Assist with the preparation of cash flow estimates and commitment schedules.
  • Stay abreast of project details and scope changes; monitor and expedite the flow of information, such as requests for information and submittals.
  • Develop or assist with the enhancement of project quality control and reporting systems. Focus on increasing levels of detail for Executive Summary to Detailed Analysis, covering Status, Cost, Schedule, and Open Items for the platform projects.
  • Occasional travel may be necessary as needed
  • Perform all other duties and tasks as assigned by management
  • Must be able to complete all physical requirements of this role with or without a reasonable accommodation

Ideally, you'll have

  • Bachelor's degree in Business, Accounting, Finance, Real Estate, Construction Management, or Engineering.
  • At least 3 years of experience in AEC accounting, finance, or construction project management.
  • Demonstrates a high level of professionalism.
  • Exhibits strong communication skills, including listening, speaking, and writing.
  • Maintains excellent organizational and time management skills.
  • Displays a sense of urgency and commitment to follow-through.
  • Shows a strong interest in working in the real estate development and/or construction industries.

You'll crush it if you have experience with

  • The following software programs; Northspyre, Smartsheets, Microsoft Project, DocuSign, and Google Suite

Organizational Structure

Reports to: Director, Development - BTR

Direct Reports: N/A

Disclaimer: Please note that job responsibilities, reporting lines, and duties outlined in this job description are subject to change to meet the evolving needs of the organization.

As an Equal Opportunity Employer, Core Spaces celebrates diversity and is committed to creating an equitable and inclusive environment, which creates a sense of belonging for all employees. We do not discriminate and believe every individual should be proud of who they are and the community they represent.

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Development Coordinator - BTR
Core Spaces
Chicago, IL
Sep 28, 2024
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