What are the responsibilities and job description for the Development Associate position at AlphaX RE Capital?
Location: Cupertino, CA (On-site)
Type: Full-time
About Us
AlphaX RE Capital, as one of the fastest-growing and most diversified real estate investment and asset management groups in Silicon Valley (San Francisco Bay Area), we have built comprehensive strengths over the past six years. Our business spans the full spectrum of real estate, including residential acquisition and development, land acquisition and entitlements, financing, architectural and interior design, project management, rental management (both long- and short-term), real estate sales, and building materials supply. Currently, we manage over $400 million in assets across more than 820 projects. Our mission is to build a vertically integrated U.S. real estate investment platform—anchored in Silicon Valley, expanding throughout California, and reaching nationwide—delivering professional, safe, and stable investment opportunities for all types of investors.
Role Summary
The Real Estate Development Associate supports the development team across the full project lifecycle, from acquisition due diligence through entitlements, permitting, and project management. This role combines financial underwriting, project-management support, consultant coordination, and technical research to help deliver projects on time and on budget.
Key Responsibilities
- Assist in sourcing and evaluating development opportunities: market research, site assessments, and initial feasibility.
- Build and maintain financial models and underwriting for acquisitions and pro formas; prepare sensitivity analyses and scenario testing.
- Manage and track due diligence items (entitlements, title, environmental, utility, geotech, surveys); coordinate consultants and vendors.
- Prepare materials for internal approval and external partners: offering memoranda, presentation decks, and loan/package summaries.
- Support entitlement and permitting processes; interface with city planners, permitting agencies, and community stakeholders as directed.
- Monitor project budgets and schedules; assist in change-order review, cost tracking, and reporting on project status.
- Assist with financing activities: collect lender/investor deliverables, prepare closing checklists, and coordinate with legal and accounting teams.
- Maintain document libraries, project trackers, and issue logs; help streamline project workflows and standard templates.
Qualifications
- Bachelor's degree in Real Estate, Urban Planning, or Architecture.
- 1–3 years of experience in real estate development, investment, or architecture, project management. Experience in San Francisco Bay Area is highly preferred.
- Excellent written and verbal communication; comfortable communicating with internal teams, consultants and city staff.
Preferred Skills & Tools
- Familiarity with entitlement/permitting processes and municipal planning practice.
- Experience communicating with consultants and city staff.
- Strong project management skills and attention to detail; ability to handle multiple concurrent projects.
Competencies
- Problem-solver and self-starter.
- Collaborative team player who can also work independently on individual tasks.
- Comfort interacting with public agencies, consultants, and community stakeholders.
Benefits:
- Competitive pay and benefits: We offer a compensation package that rewards your expertise and dedication.
- Paid lunch: Enjoy a complimentary lunch during work hours.
- Paid Holidays: Celebrate the holidays with paid time off.
- Full Suite of Medical, Dental, and Vision Insurance: access to comprehensive coverage.