Summer Development Associate (Masters level)

ABOUT GREYSTAR

Greystar is a leading, fully integrated global real estate platform offering expertise in property management, investment management, development, and construction services in institutional-quality rental housing. Headquartered in Charleston, South Carolina, Greystar manages and operates over $300 billion of real estate in more than 250 markets globally with offices throughout North America, Europe, South America, and the Asia-Pacific region. Greystar is the largest operator of apartments in the United States, managing over 1,000,000 units/beds globally. Across its platforms, Greystar has nearly $79 billion of assets under management, including over $35 billion of development assets and over $30 billion of regulatory assets under management. Greystar was founded by Bob Faith in 1993 to become a provider of world-class service in the rental residential real estate business. To learn more, visit www.greystar.com.

JOB DESCRIPTION SUMMARY

The Development Summer Associate will join Greystar’s Development team for the summer, gaining hands-on experience across the full lifecycle of multifamily and mixed-use projects — from site acquisition and design through construction, capitalization, and stabilization. This role offers exposure to multiple disciplines within real estate development, providing a comprehensive understanding of how Greystar delivers best-in-class communities across diverse markets.

JOB DESCRIPTION

Key Responsibilities

• Support development directors on active projects through financial analysis, due diligence, and market research.

• Assist in underwriting and evaluating new development opportunities, including preparation of investment memoranda and presentation materials for internal review.

• Analyze project budgets, schedules, and pro formas to support decision-making throughout the development process.

• Participate in design coordination and entitlement efforts, interfacing with architects, consultants, and local agencies.

• Collaborate with construction management, investment, and operations teams to ensure alignment across project stages.

• Prepare materials for senior management and investment committee meetings.

• Conduct research on local market dynamics, construction costs, and capital trends to inform development strategy.

Qualifications

• Current MBA or Master's student (Class of 2027) with a focus in Real Estate, Finance, Architecture, or Construction Management.

• 3–5 years of prior professional experience in real estate development, project management, construction, or related fields.

• Strong quantitative and analytical skills with proficiency in Excel, Word, and PowerPoint; experience with development modeling preferred.

• Excellent written and verbal communication skills with the ability to clearly convey complex ideas.

• Highly organized with strong attention to detail and the ability to manage multiple priorities in a fast-paced environment.

• Collaborative, proactive, and intellectually curious team player.

Learning Outcomes

• Develop a comprehensive understanding of the development lifecycle, including acquisition, entitlement, design, construction, and lease-up.

• Gain experience analyzing and structuring real estate development projects from both a financial and operational perspective.

• Build technical skills in financial modeling, project budgeting, and market evaluation.

• Deepen understanding of how Greystar integrates development, investment, and operations to create long-term value.

Program Features

• Exposure to end-to-end development processes across Greystar’s national and regional platforms.

• Mentorship and networking opportunities with senior development and investment leaders.

• Participation in professional development sessions focused on real estate fundamentals and leadership.

• Opportunity to contribute to impactful, real-world projects within Greystar’s Development team.

Program Dates: June 1, 2026 – August 7, 2026

Salary Range: $3,500.00-4,500.00/bi-weekly

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Additional Compensation:

Many factors go into determining employee pay within the posted range including business requirements, prior experience, current skills and geographical location.

• Corporate Positions: In addition to the base salary, this role may be eligible to participate in a quarterly or annual bonus program based on individual and company performance.

• Onsite Property Positions: In addition to the base salary, this role may be eligible to participate in weekly, monthly, and/or quarterly bonus programs.

Benefits Offered for Temporary Team Members*:

• Employee Assistance Program

• Paid sick time

• For Union and Prevailing Wage roles compensation and benefits may vary from the listed information above due to Collective Bargaining Agreements and/or local governing authority.

Greystar will consider for employment qualified applicants with arrest and conviction records.