Michael Joffe
Development Associate at Affiliated Development- Claim this Profile
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Spanish Limited working proficiency
Topline Score
Bio
Adam Lederman
Michael was an incredible resource for me while I was looking for a home to buy. He is hard-working and quickly understood my specific needs. He communicated with me about my concerns on a regular basis and put my mind at ease through what was a more complex situation than originally anticipated. Michael has a great overall great attitude and I would recommend him without hesitation.
Adam Lederman
Michael was an incredible resource for me while I was looking for a home to buy. He is hard-working and quickly understood my specific needs. He communicated with me about my concerns on a regular basis and put my mind at ease through what was a more complex situation than originally anticipated. Michael has a great overall great attitude and I would recommend him without hesitation.
Adam Lederman
Michael was an incredible resource for me while I was looking for a home to buy. He is hard-working and quickly understood my specific needs. He communicated with me about my concerns on a regular basis and put my mind at ease through what was a more complex situation than originally anticipated. Michael has a great overall great attitude and I would recommend him without hesitation.
Adam Lederman
Michael was an incredible resource for me while I was looking for a home to buy. He is hard-working and quickly understood my specific needs. He communicated with me about my concerns on a regular basis and put my mind at ease through what was a more complex situation than originally anticipated. Michael has a great overall great attitude and I would recommend him without hesitation.
Experience
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Affiliated Development
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United States
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Real Estate
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1 - 100 Employee
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Development Associate
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Nov 2022 - Present
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NRIA (National Realty Investment Advisors)
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United States
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Real Estate
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1 - 100 Employee
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Director Of Land Acquisitions and Development
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Aug 2020 - Oct 2022
• Lead and manage due diligence through zoning analysis, professional coordination, and environmental testing. • Source and underwrite multi-family development opportunities by analyzing return metrics and assessing feasibility. • Pursue entitlements, throughout South Florida, North New Jersey, Philadelphia, and Brooklyn, working effectively with architect, engineers, land use attorney, GC, and city officials to aggressively seek project approval and permits. • Prepare business plan and present to internal Investment Committee for projects under contract, including detailed budget, construction schedule, unit breakdown, building programing, market, and risk. • Asset management of real estate properties in the firm’s $2.5B portfolio, including budget preparation, tax abatement compliance, lease renewals, direction of property managers, leasing/sales brokers, and contractors. • Coordinate weekly meetings with project team to track progress and execution of current projects at various stages of the development process. • Organization and distribution of monthly construction progress reports for the company’s portfolio of 25 assets. • Analysis of development budgets ($20M-$100M), leveling each line item with contractor and construction team. • Collaborate with team on an ongoing basis to vigorously and accurately update financial underwriting models. • Implement innovating strategies into new development to value engineer and diversify from competition. • Order and track quarterly appraisals of assets in portfolio in order for accounting team to update company’s financials. Show less
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Titanium Realty Group
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United States
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Real Estate
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1 - 100 Employee
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Development Associate
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Dec 2018 - Aug 2020
• Negotiation and review of legal documents, including; sales contracts, leases, loan documents, and JV agreements. • Asset management of real estate properties in the firm’s portfolio, including budget preparation, tax abatement compliance, lease renewals, direction of property managers, leasing/sales brokers, and contractors. • Review and management of portfolio’s insurance policies to ensure compliance with loan and partner requirements. • Analysis of development budgets ($5m-$50m) through the breakdown of hard and soft costs provided by consultants. • Prepare investment memos involving, market research, comparable sales/rentals, and demographics. • Investor relations with opportunity zone funds, private equity real estate firms, and private family offices. • Project manage renovations and new construction involving organizing bid proposals, RFI/RFP, requisitions, permits, Gantt charts, TCO/CO achievement, punch-list items, close-out package organization, and AIA contract negotiation. • Weekly calls and site visits with partners to track progress of current projects and assess feasibility of new renovations. • Underwrite prospective investments for potential acquisitions across diversified asset classes, by translating offering memorandums into financial models in order to present to partners. • Coordinate weekly meetings between owners and project managers to track progress of current projects at various stages of development. • Support the due diligence process through zoning analysis, utility planning, and environmental remediation. • Coordinate subcontractor schedules and ordering of materials to ensure project timeline is followed. Show less
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PRIME Real Estate Group
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Real Estate
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1 - 100 Employee
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Sales Partner
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Jul 2014 - Dec 2018
• Managed the process of buying, selling, and leasing commercial and residential real estate, on behalf of clients, throughout the Hudson County area. Facilitated investor relations and timelines for domestic and overseas clients by connecting vital team members of the transaction to ensure a streamlined process. • Oversaw day-to-day operations of 25 units across 10 buildings. Assisted in tenant communications, lease renewals, contract negotiations, renovation management, and analysis of market trends to maximize profits. • Led the sales and marketing team to design promotional materials and launch campaigns promoting current listings and generating new business through exposure on social media and 10+ real estate websites. • Analyzed real estate financial data in order to properly advise clients of present and future value of assets. Show less
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Monroe Township Middle School
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Monroe, New Jersey
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Science Teacher and Extracurricular Advisor
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Sep 2011 - Jun 2016
• Built the vital foundation of the sciences for 6th grade students by incorporating the scientific process as an underlying theme with hands-on experiments throughout the year. • Built the vital foundation of the sciences for 6th grade students by incorporating the scientific process as an underlying theme with hands-on experiments throughout the year.
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Education
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New York University
Master of Science - MS, Real Estate Finance -
Monmouth University
Master of Arts - MA, Education -
Rutgers University
Bachelor of Science (B.S.), Kinesiology and Exercise Science