Education – An Urgent Crisis

There is a growing crisis in our country and it impacts the next generation of our best and brightest talent who will be responsible for the economy as baby-boomers turn over the reins . The crisis surrounds the crushing student debt that today totals $1.5 trillion, affecting over 45 million borrowers who had an average outstanding loan balance of approximately $37,000. The default rate for student loans is over 12% and growing.

The negative impact of this situation has yet to be measured, but it is safe to say that it will manifest itself among families who are trying to establish households, and in the workplace where the stress of debt will impact performance. Some employers are beginning to respond with repayment assistance, according to the MotleyFool.com. They report that 23% of employers are considering programs to help struggling employees with some form of assistance. These programs could make a business more attractive to new recruits while alleviating a major source of stress to help workers better concentrate on their jobs.

On the political front, the politicians angling to become president are all proposing bonanzas for the repayment of student debt by the federal government, of course to be paid for a yet another tax on the “rich”. Our educational system is a shambles, and the student debt situation is only one manifestation. Both sides of the aisle better start focusing on addressing the situation across the spectrum from pre-school through undergraduate programs and technical schools. Alas, I’m not optimistic.

Job Listings

Urban Land Institute Manager, Outreach and Networks (WASHINGTON, DC) ULI’s Building Healthy Places Initiative (BHP) seeks a skilled Manager for Outreach and Networks to maximize the reach and impact of ULI’s publications and reports and support the implementation of core programs. Manager will consolidate responsibilities currently managed by several different BHP team members. This position will initially be a one-year to 18-month engagement, with the potential for an extension or a renewal.  

THE COLLIER COS. Vice President of Site Acquisitions and Entitlement (GAINESVILLE, FL) Responsibilities include: creating a pipeline of multi-family sites primarily in the Central and Coastal Florida areas to support the Company’s goal of doubling in size in ten to twelve years. Initially, this means delivering two or three communities of 300 apartment homes annually and increasing deliveries steadily. Specific duties include: site identification, due diligence, surveying, entitlement, zoning and closing.  

PACOLET MILLIKEN ENTERPRISES Asset Management Associate (GREENVILLE, SC) Duties include: working closely with property management teams to achieve/exceed budgeted projections; monitoring weekly pricing for multifamily assets; managing leasing and renewals for retail assets; working closely with Construction Manager in prioritization of major R&M and CapEx projects; and monitoring performance relative to budgeting, underwriting and historical performance.  

TIME EQUITIES Development Associate/Financial Analyst (NEW YORK, NY) Associate will work in the Development Department on multiple large, active construction projects. Specific duties include maintaining project budgets/financial models, reviewing/approving monthly contractor pay applications and consultant invoices, compiling monthly equity/lender requisition packages/back-up, and assisting with lender/partner administration and communication.  

CAMPUS APARTMENTS Financial Analyst (PHILADELPHIA, PA) Analyst will build property management dashboard(s) with various statistics including financial and operations information for each asset as well as roll up entity data. Items include financial statistics, occupancy and leasing performance information and operations data such as marketing and maintenance. The dashboard is to be used to analyze business performance and identify issues/abnormalities with daily operations.  

TRIMONT REAL ESTATE ADVISORS Asset Manager – Construction Debt and Value Add (ATLANTA, GA) Asset Manager role is a client-facing position involving monitoring and prompting borrower compliance with covenants, evaluating and processing borrower consent requests, real-time assessment of risk profiles of real estate loans in the assigned portfolio, coordination and monitoring of interest billing and collection, and client reporting.  

THE MAISON GROUP, INC. Senior Development Manager (WASHINGTON, DC) Client is a Mid-Atlantic area based, privately-owned, mixed-use real estate development and investment company, seeks a talented development professional to join the organization and act as an integral component in driving a nationally recognized, multi-billion mixed-use development project forward. Reporting to senior management, the Development Manager will be responsible for leading the development team on execution of all functions of development for large mixed-use real estate projects with a focus on planning, entitlement, financial analysis, and overall management of the development process from inception to stabilization.  

STANFORD UNIVERSITY Director, Real Estate Asset Management (REDWOOD CITY, CA) Director, Asset Management will be responsible for value-creation strategy and transactions for the prestigious and world-renowned Stanford Research Park. A preeminent real estate asset of Stanford University, the Stanford Research Park is comprised of 700 acres and 10.5 million square feet of improved R&D and office buildings. SRP’s current market value (year-end, Fiscal Year 2018) is $3.1B, with an underlying, unencumbered fee simple value of $10B. The Director position focuses on maximizing the near-term and long-term value and performance of this significant and complex real estate portfolio in Palo Alto, California.  

MIG REAL ESTATE Director of Multifamily Acquisitions (NEWPORT BEACH, CA) Successful candidate will lead acquisitions of value add multifamily communities throughout the Western U.S. Responsibilities include sourcing acquisition opportunities with creative value add potential; preparing investment memorandums with strategic plan, proforma and timeline; and working with due diligence, asset management and underwriting teams to underwrite potential acquisitions and complete due diligence process.  

LANTOWER RESIDENTIAL Multifamily Development Manager (SARASOTA, FL) Duties include: supporting all phases of the development process including land acquisition, due diligence, securing necessary approvals/entitlements and oversight of projects during construction and lease-up; ensuring accuracy of all deliverables relating to active or planned developments; maintaining pro forma projections for development opportunities; and preparing internal investment presentation materials.