What are the responsibilities and job description for the Development Associate position at CRG Residential?
About CRG Residential
CRG Residential is a leading multifamily real estate developer specializing in the development and construction of high-quality apartment communities throughout the Midwest. We are a vertically integrated company with an active pipeline of large-scale multifamily and mixed-use projects across multiple markets. Our team is experienced, entrepreneurial, collaborative, and driven by a commitment to excellence in every phase of the real estate lifecycle.
Position Summary
CRG is seeking a motivated, self‑driven Development Associate to join our team. This role offers significant opportunities for professional development, hands‑on experience, and long‑term career advancement. The ideal candidate is proactive, analytical, and eager to contribute to transforming multifamily communities across our expanding portfolio.
Market Research & Site Evaluation
- Conduct comprehensive market research, including rental trends, pricing, occupancy levels, operating costs, and utility data.
- Support the identification and evaluation of new markets and prospective development sites.
- Create connections and develop relationships with real estate brokers in target markets
Due Diligence Support
- Lead third‑party due diligence efforts (environmental, geotechnical, survey, engineering, architectural, design, marketing, etc.).
- Research site‑specific cost factors, including impact fees, permits, insurance, tax implications, and other development‑related expenses.
Design & Entitlement Support
- Support senior development team throughout all phases of design.
- Coordinate with architects, civil engineers, interior designers, and other design professionals.
- Assist in entitlement and rezoning efforts by preparing presentation materials and attending, as needed, meetings with municipalities and other local stakeholders.
Financial Analysis & Internal Approvals
- Underwrite and model development opportunities to assess project feasibility, risk, and overall value.
- Assist in preparation of investment committee materials and internal approval packages.
- Support debt and equity closing processes by preparing due diligence materials and supporting partner requirements.
Construction & Execution Support
- Collaborate closely with CRG’s construction team
- Manage development budgets and schedules
- Assist with monthly draw packages, lender reporting, and cost forecasting
Asset Management & Stabilization
- Support transition from construction to operations
- Assist with lease-up projections, operating budgets, and performance tracking
Qualifications
Education:
Bachelor’s degree required, with concentration in Real Estate, Finance, Economics, Architecture, Urban Planning, Engineering, or a related major.
Experience:
Minimum of 3 years of experience in real estate development, acquisitions, real estate private equity or related field.
Special Skills:
- Strong organizational, analytical, and problem-solving abilities with an entrepreneurial mindset and attention to detail
- Proficiency in financial modeling
- Excellent written and verbal communication skills, with the ability to manage multiple priorities in a fast-paced setting
- Proficiency with the Microsoft Office Suite is required
- Experience with project management platforms, such as Procore, is preferred but not required
- Experience with AI tools (e.g., ChatGPT, Claude, Copilot) is preferred but not required
- Willingness to travel as needed for project success
Core Competencies for Success:
- Ownership Mentality – takes responsibility for deliverables and outcomes
- Commercial Judgment – understands tradeoffs between cost, design decisions, and project returns
- Strong Communicator – works effectively across Development, Construction, Legal, and Capital Markets teams
- Growth Mindset – seeks increasing responsibility and continuous learning