Johns Hopkins is America's first research university, founded on the belief that teaching and research are interdependent, and that a modern university must do both well. Nearly 140 years later, Johns Hopkins remains a world leader in both teaching and research, with more than 21,000 undergraduate and graduate students studying with esteemed faculty members across nine world-class academic divisions. The school overall is currently 11th in U.S. News & World Report’s best universities rankings, with nationally ranked programs in public health, nursing, medicine, engineering, education, and several others.
Johns Hopkins University is based in Baltimore, but has 10 divisions spread out across 10 campuses on three continents. There are four Baltimore campuses: Homewood, where the schools of Arts and Sciences, Engineering, and Education are located; East Baltimore, home to the schools of Medicine, Nursing, and Public Health, as well as the world-renowned Johns Hopkins Hospital; the Peabody campus, site of the Peabody Institute, the nation's oldest conservatory; and Harbor East, the waterfront home of the Carey Business School. The School of Advanced International Studies is based in Washington, D.C., about an hour south of Baltimore, but also has campuses in Italy and China. Additionally, Johns Hopkins has regional satellite campuses in Montgomery County, Maryland, a burgeoning biotech hub north of Washington, D.C.; and in Columbia, Maryland, located just outside Baltimore. Johns Hopkins Applied Physics Laboratory, the nation's largest university-affiliated research center, is based in nearby Laurel, Maryland.
The mission of Johns Hopkins Medicine is to improve the health of the community and the world by setting the standard of excellence in medical education, research and clinical care. Diverse and inclusive, Johns Hopkins Medicine educates medical students, scientists, health care professionals and the public; conducts biomedical research; and provides patient-centered medicine to prevent, diagnose and treat human illness. Johns Hopkins Medicine pushes the boundaries of discovery, transforms health care, advances medical education and creates hope for humanity. Johns Hopkins Medicine is regularly ranked as one of the best medical schools and health systems in the world.
Reporting directly to the Chief Real Estate Officer (CREO) and working closely with the Development Manager, the Real Estate Development Associate will work on all facets of strategic real estate initiatives and development projects in a collaborative team environment. The Development Associate is responsible for assisting the Assistant Director of Real Estate and CREO in the day-to-day coordination of activities, assigned duties, and projects. Projects and duties may include feasibility analysis, due diligence, procurement, day to day management for redevelopment of existing assets with third party partners, ground leasing land to third parties for development, acquisition/dispositions, neighborhood development initiatives, and new development.
The wholly owned Johns Hopkins portfolio includes 19 buildings with approximately 2.1 million square feet and an aggregate annual operating budget in excess of $60 million plus related capital projects. The University also leases over two million square feet of space in third party buildings, owns a hotel / conference center under third party management, has several ground leases to third parties, owns a residential portfolio of 265 units in four properties, and is considering other significant prospective development sites.
Essential Job Functions
Coordinate internal and external project team members from various disciplines including asset management, leasing, legal, finance/budgeting, planning/design, construction, accounting from inception through a fully-transitioned.
Perform and oversee due diligence tasks with respect to zoning, title, environmental risk and other potential barriers to development. Research zoning ordinances and entitlement processes within applicable jurisdictions in conjunction with legal counsel and other professionals.
Analyze and underwrite proposed projects and include evaluation of comparable projects.
Manage Excel based project pro-formas and schedules, including initial preparation, updating, and comparing/reporting variances among versions. Analyze and prepare financial sensitivity analyses and cash flow projections.
Work with accounting department to prepare project reports.
Prepare requests for proposals, manage RFP process, analyze proposals, for assigned projects and make recommendations to the leasing team in accordance with the approved pro-forma.
Assist in the negotiation of joint venture documents, loan documents, purchase and sale agreements, etc. as necessary and applicable to assigned projects.
Negotiate professional service agreements with engineers, planners, consultants, surveyors, and other professionals as assigned.
Act as a liaison with third-party partners if applicable. Ensure receipt of, and fully review, any required reporting from such partners. Provide any feedback and required reporting to such partners.
Constantly and proactively monitor progress, budget, and schedule and report any variances, unexpected trends, or other issues.
Coordinate with consultants and municipalities to obtain entitlements and permits.
Research and monitor local real estate sub markets and industry trends. Track competition, comparable lease transactions, regional trends, and overall general market conditions.
Assist with management of various aspects of the development process as needed, with the guidance and oversight of senior team members.
B.A. or B.S. degree required; business, engineering, or architecture/planning related majors preferred. Advanced business, real estate, or other related degrees desirable.
Five to seven years of development, Real Estate, Finance, or other related experience required. Substantive involvement in at least one complex commercial or mixed-use project strongly preferred.
Additional education may substitute for required experience, and additional experience may substitute for required education, to the extent permitted by the JHU equivalency formula.
JHU Equivalency Formula
30 undergraduate degree credits (semester hours) or 18 graduate degree credits may substitute for one year of experience. Additional related experience may substitute for required education on the same basis. For jobs where equivalency is permitted, up to two years of non-related college course work may be applied towards the total minimum education/experience required for the respective job.
Essential Knowledge, Skills and Abilities
Excellent project management skills including the ability to prioritize and balance competing activities on multiple projects. Ability to keep processes moving forward and take initiative as appropriate.
Self-directed and motivated, demonstrate quick turnaround, follow through and follow up. Attention to detail in every respect.
Ability to work well under pressure and in a team environment.
Ability to understand complex legal documents such as joint venture agreements, construction contracts, land contracts, title restrictions, permanent and construction financing agreements, and other documents related to the project.
Knowledge of engineering and architectural plans.
Advanced proficiency in financial modeling and analysis using Excel. Experience with Microsoft Project is preferred.
Ability to work and coordinate against schedules and budgets.
Advanced experience Microsoft Office, including Excel, Word, PowerPoint, and Outlook.
Independent worker who can prioritize and coordinate multiple competing tasks in a timely fashion.
Excellent written and oral communication skills. Confident and capable when communicating with customers inside and outside the company.
Ability to work well and communicate effectively with a broad range of individuals and professions and foster good working relationships with all members of the project team and outside parties.
A high degree of professionalism, ethics, and a strong work ethic driven by a desire for quality. Exercises good judgment and uses discretion.
Composed demeanor, professional appearance, positive attitude and customer-oriented approach are priorities for this position.
Ability to work flexible or extended hours to accommodate increased workload/projects and to attend industry-related meetings or events in the evenings and on weekends. Must be reliable, dependable with excellent attendance; flexible and versatile.
Johns Hopkins University has retained Helbling & Associates to assist in the search for the Real Estate Development Associate. Nomination, inquiries, and applications may be sent in confidence to:
This position specification is a general statement of required major duties and responsibilities performed on a regular and continuous basis. It does not exclude other duties as assigned.
Johns Hopkins University is an equal opportunity employer and does not discriminate on the basis of gender, marital status, pregnancy, race, color, ethnicity, national origin, age, disability, religion, sexual orientation, gender identity or expression, veteran status, other legally protected characteristics or any other occupationally irrelevant criteria. The University promotes Affirmative Action for minorities, women, individuals who are disabled, and veterans. Johns Hopkins University is a drug-free, smoke-free workplace
Internal Number: 14398-en_US
About Johns Hopkins University
Johns Hopkins University remains committed to its founding principle, that education for all students should be grounded in exploration and discovery. Hopkins students are challenged not just to learn but also to advance learning itself. Critical thinking, problem solving, creativity, and entrepreneurship are all encouraged and nourished in this unique educational environment. After more than 130 years, Johns Hopkins remains a world leader in both teaching and research. Faculty members and their research colleagues at the university's Applied Physics Laboratory have each year since 1979 won Johns Hopkins more federal research and development funding than any other university. The university has nine academic divisions and campuses throughout the Baltimore-Washington area. The Krieger School of Arts and Sciences, the Whiting School of Engineering, the School of Education and the Carey Business School are based at the Homewood campus in northern Baltimore. The schools of Medicine, Public Health, and Nursing share a campus in east Baltimore with The Johns Hopkins Hospital. The Peabody Institute, a leading professional school of music, is located on Mount Vernon Place in downtown Bal...timore. The Paul H. Nitze School of Advanced International Studies is located in Washington's Dupont Circle area.