Development Analyst

The position will be based in Chicago, Illinois at Magellan’s corporate office.

Magellan Development Group is a leading real estate development, investment, and management company that specializes in best-in-class mixed-use, hotel, condo, apartment, retail, and office assets across the United States. Magellan has completed 35 large-scale development projects valued at over $8 billion since its founding in 1996 and has an extensive pipeline of future projects. This role offers candidates the opportunity to join an experienced team with a decades-long track record of success and commitment to continued growth and innovation in the field of real estate development.

Magellan offers a competitive range of compensation and benefits for eligible full-time employees:

• Annual Base Salary Range: $80,000 to $100,000 based on skills, education, experience, and other qualifications
• Participation in the company’s annual discretionary bonus program
• Medical/Dental/Life/LTD insurance
• Participation in the company 401(k) plan
• Paid time off

• Support all aspects of the development process, including site acquisition, financing, governmental approvals, design and construction oversight, sales and marketing strategy, and exit/recapitalization.
• Underwrite new development opportunities, including creation of market analyses, business plans, operating plans and projections, development budgets, and capitalization strategies.
• Create and maintain financial models for projects to inform development and ongoing asset management decision making.
• Research zoning and site encumbrances on prospective development projects.
• Compile and maintain market research on supply/demand fundamentals and competitive set analysis for each targeted property type/submarket.
• Evaluate capitalization and financing strategies.
• Prepare internal and external communication for transactions, including investment committee memoranda, offering memoranda for financings and sales, and responses to requests for proposals.
• Manage governmental filings for incentives programs such as TIFs, tax abatements, and grants, including applications and ongoing reporting

• Experience in real estate financial modeling in the areas of development, private equity, investment sales, and/or debt platforms
• Strong work ethic, growth mindset, and desire to contribute to team success.
• Passion for real estate development and an entrepreneurial spirit.
• Ability to manage multiple projects with time management skills.
• Exceptional communication and interpersonal skills.
• Ability to work independently as well as in a collaborative team environment.
• The ideal candidate will have a minimum of:
  Bachelor’s degree in finance, economics, real estate, or related field. 2+ years of experience in real estate, private equity, investment sales, and/or debt platforms.