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Real Estate Development Associate

New York City, New York

Join Our House 

Mint House offers tailored residential hospitality; Apartment-style hotel, combing the comforts of home with the convenience of a hotel. 

Designed for today’s modern traveler, our apartment-style, tech-enabled spaces are committed to bleisure travelers. Each Mint House property is thoughtfully crafted to reflect a modern aesthetic and sustainable practices, capturing unique charm of each city. Located in vibrant major downtown hubs including New York, Miami, Nashville, Philadelphia, and Dallas, Mint House offers all the essentials for routine living on the road.

Founded in 2017, Mint House has raised approximately $85M from leading venture capital firms including Mohari Hospitality and Revolution Ventures. Discover more about our innovative approach to hospitality at minthouse.com and follow @staymint on Instagram.

 

THE ROLE

Reporting to the Head of Development Strategy & Operations, this position will play a key role in accelerating the growth of Mint House by driving market expansion efforts across the country, leading outreach within target markets, sourcing new opportunities, building relationships with owners and developers, and structuring, negotiating and executing on new management agreements. Our ideal candidate will be a self-starter with high energy, knowledge of real estate development and an attitude of relentless determination to source, pursue, and execute on new growth opportunities. The development associate will drive Mint House's objective of being the industry leader in operating residential hospitality units through partnerships with multifamily owners and developers of Class A assets in downtown core locations in a quickly growing flexible real estate space. 

AT MINT HOUSE YOU WILL

  • Canvass target markets to identify and source potential opportunities for growth; work to fully understand complex market dynamics, the scope of opportunity in each market and the regulatory landscape
  • Determine all key players (owners, developers, capital partners and management companies) in each market and cultivate and maintain relationships with each potential partner 
  • Engage in proactive outreach efforts, and represent Mint House at major industry meetings, conferences and networking events, with the goal of establishing and nurturing connections with key industry stakeholders
  • Articulate the Mint House offering to potential partners and enlighten them on the value proposition, operating model and financial opportunity
  • Work closely with the Underwriting team on financial modeling for new opportunities, market research, business development materials, strategic analyses and one-off projects
  • Advance discussions around new and active projects in the pipeline, oversee underwriting process, and lead deal structuring and negotiations
  • Coordinate with Legal on the contract drafting process to ensure accuracy and successful negotiations to lead to executed deals
  • Collaborate cross-functionally to provide the most accurate information to potential clients. Partner with Operations, Revenue and Finance on gathering insights for active projects and with Expansion team to ensure smooth transition of owners relationships and onboarding of executed projects.

WE ARE LOOKING FOR

  • 4+ years of real estate development and/or transaction experience, or sales experience in a real estate environment or related business
  • Passion for working in a fast-paced start-up environment
  • Urgency, motivation and a “self-starter” attitude: you are willing to go to great lengths to find and win deals, and are not satisfied until the job is done, and done well
  • Willingness to travel up to 50%+ to develop strong relationships with institutional multifamily and hotel owners, brokers, and lenders
  • Commitment to building strong and long-lasting business relationships
  • Outgoing disposition and propensity for lively discussions: strong articulation and negotiation skills 
  • Proven ability to be a team player and work collaboratively
  • Proficient in Excel; familiarity with CRMs; knowledge of multifamily and hospitality  fundamentals is a plus

Compensation Range: $80,000 - $90,000 USD 

🏠Mint Houses' compensation philosophy is driven by our company value of fostering inclusivity. To best ensure pay equity, we typically bring in fresh mints near the middle of our listed compensation bands and lead with the best overall compensation package (i.e. all people hired at the same experience & level are brought in at the same salary, equity, and benefits). Our Talent team will work with you and can provide more details on our philosophy.

🏠Don’t meet every single requirement? Studies have shown that women and people of color are less likely to apply to jobs unless they meet every single qualification. If you’re excited about this role but your past experience doesn’t align perfectly with every qualification in the job description, we encourage you to apply anyway. You may be just the right candidate for this or other roles.

🏠Mint House is an Equal Opportunity Employer and a workplace of belongingness. We’re committed to diversity and maintaining a work environment that is free from harassment and discrimination. Applicants from all backgrounds are encouraged to apply, and will not be discriminated against on the basis of any protected status under federal, state, or local law. 

🏠New York City is where we call home, and you'll find HQs near Grand Central at 450 Lexington Ave, right within a WeWork space. No matter where our team members are located, we work on East Coast hours to foster collaboration, communication, and enjoy some lively emoji exchanges. At Mint House, we pause amidst the hustle to celebrate our wins, celebrating personal and company achievements via Slack. Embracing individuality, we honor each person and property, encouraging authenticity.

🏠 Mint House participates in E-Verify and will provide the federal government with your Form I-9 information to confirm that you are authorized to work in the U.S.

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 🏠 At Mint House, we are committed to promoting work-life integration in the most natural and enjoyable way possible. That's why we're excited to offer our team members complimentary nights at any Mint House location of their choice, plus exclusive year-round discounts. It's our way of ensuring that our employees can experience firsthand the comfort and convenience we champion. Enjoy your stay on us and see just how we blend work, life, and play at Mint House! 🛌

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