Development Associate (Real Estate)

Job Summary:

We are seeking a driven Development Associate to support the full lifecycle of commercial and multifamily real estate projects from acquisition through construction and stabilization. This role is perfect for someone with 1–4 years of experience who wants hands-on exposure to underwriting, entitlements, project management, and investor reporting in a fast-growing development firm.

Key Responsibilities:

• Underwrite new acquisition and development opportunities: pro formas, cash flow modeling, ROI/IRR analysis, and sensitivity scenarios in Excel/Argus.
• Coordinate due diligence (title, survey, environmental, zoning) and manage entitlement/permitting processes with local municipalities.
• Prepare investment memorandums, presentations, and financial packages for lenders, equity partners, and internal approvals.
• Track project budgets, schedules, and draw requests; update monthly reports for ownership and investors.
• Assist in sourcing and negotiating land purchases, joint-venture agreements, and construction contracts.
• Support construction oversight: review pay applications, change orders, and coordinate with GCs, architects, and engineers.
• Manage closing checklists and transition projects to property management at stabilization.

Qualifications:

• Bachelor’s degree in Real Estate, Finance, Business, Urban Planning, or related field (Master’s a plus).
• 1–4 years of real estate development, investment, or underwriting experience (commercial or multifamily focus preferred).
• Advanced Excel modeling skills (pro formas, waterfall returns, Argus experience a strong plus).
• Working knowledge of zoning, entitlements, and construction draw processes.
• Excellent communication and presentation skills for internal teams and external partners.
• Highly organized, proactive, and able to juggle multiple projects in a deadline-driven environment.