Development Associate

Key Responsibilities:

Project Underwriting & Feasibility

• Assist in sourcing and evaluating new multifamily development opportunities.
• Build and maintain detailed development pro formas, sensitivity analyses, and investment return models.
• Prepare materials for internal investment committee presentations and approvals.
• Analyze market data including rents, sales comps, construction costs, and operating assumptions.

Due Diligence & Entitlements

• Coordinate due diligence efforts including environmental, geotechnical, survey, title, and zoning reviews.
• Support entitlement and rezoning processes by working with municipalities, land use attorneys, and planning consultants.
• Track critical deadlines, approvals, and deliverables throughout the pre-development phase.

Design & Pre-Construction

• Assist with architect and engineer coordination during concept design, schematic design, and design development.
• Review site plans, unit mixes, building layouts, and amenity programming.
• Support budgeting, value engineering, and constructability reviews with general contractors.

Execution & Coordination

• Serve as a liaison between internal teams (acquisitions, finance, asset management) and external partners.
• Help manage development schedules, budgets, and reporting tools.
• Maintain organized project files and development trackers.

Reporting & Communication

• Prepare weekly/monthly project updates for senior management and investors.
• Assist with lender, equity partner, and investor requests during financing and closing.
• Support closing processes including review of contracts, loan documents, and equity agreements.

Qualifications

• Bachelor’s degree in Real Estate, Finance, Business, Economics, or a related field.
• 4- 6 years of experience in multifamily development, acquisitions, real estate private equity, or related roles.
• Strong financial modeling and underwriting skills; advanced proficiency in Excel required.
• Working knowledge of the multifamily development process including entitlements, design, and construction.
• Strong analytical, organizational, and communication skills.
• Ability to manage multiple projects simultaneously in a fast-paced environment.

Preferred Qualifications

• Experience with ground-up multifamily development.
• Familiarity with market research tools
• Exposure to construction budgeting and GMP contracts.
• MBA or Master’s degree in Real Estate or Finance (a plus, not required).