Prime Group LLC                                                                                                      04/2025

Job Title: Development & Capital Strategy Associate Department:

Reports To: FLSA Status: Exempt

Job Summary:

The Development & Capital Strategy Associate is a critical role within Prime Group's corporate platform, supporting the firm's real estate development pipeline, capital markets activity, and strategic financial operations. This position is distinct from the multi-family and commercial asset management functions — it operates at the firm level, working directly with senior leadership to originate and structure new development opportunities, execute debt and equity financing strategies, ensure loan covenant compliance across the portfolio, and reconcile financial reporting between internal systems and lender or investor deliverables. A key priority of this role is advancing Prime Group's artificial intelligence and technology initiatives, identifying tools and processes that improve analytical capabilities, reporting efficiency, and decision-making across the organization. The ideal candidate is highly analytical, tech-forward, and thrives in a fast-paced entrepreneurial environment.

Key Responsibilities:

Development Pipeline & Feasibility

• Support the identification, evaluation, and underwriting of ground-up development and value-addinvestment opportunities, including site tours, market studies, and preliminary feasibility assessments.
• Prepare and maintain development proformas incorporating land costs, hard and soft constructioncosts, financing assumptions, absorption schedules, and projected stabilized returns.
• Assist in advancing the entitlement process by coordinating with municipal agencies, land useattorneys, architects, civil engineers, and other consultants.
• Track and maintain the development pipeline, updating deal status, key milestones, cost-to-completeestimates, and return metrics for senior leadership review.
• Research market fundamentals including supply and demand dynamics, comparable rent and salesdata, demographic trends, and submarket positioning to support development decisions.
• Coordinate post-acquisition and post-closing activities to integrate new development projects into thefirm's ownership and reporting structure.

Capital Strategy & Debt Financing

• Support the structuring and origination of construction loans, bridge loans, permanent debt, and agencyfinancing across the firm's development and investment portfolio.
• Assist in the preparation of loan packages, lender presentations, credit memoranda, and term sheetnegotiations for submission to banks, debt funds, life companies, and agency lenders.
• Coordinate equity capitalization efforts including preparation of investment memoranda, joint venturestructures, preferred equity arrangements, and co-investment materials for institutional and private equity partners.
• Assist in the negotiation and closing of joint venture agreements, mezzanine financing, and othercapital structures under the direction of senior leadership.
• Monitor debt capital markets, interest rate trends, and lending conditions to identify optimal financingwindows and inform firm-wide capital strategy.
• Support the preparation and review of loan closing documents, including organizational documents,title and survey, insurance requirements, and lender due diligence checklists.

Loan Covenant Compliance & Lender Reporting

• Own and maintain a centralized loan covenant tracking system across all active debt obligations in theportfolio, monitoring financial covenants including debt service coverage ratios (DSCR), loan-to-value (LTV) thresholds, occupancy requirements, net worth and liquidity covenants, and completion guaranty milestones.
• Prepare and submit all required lender compliance certificates, covenant compliance reports, andborrowing base certificates on a monthly, quarterly, and annual basis in strict accordance with each loan agreement.
• Proactively flag upcoming reporting deadlines, potential covenant trigger events, or cure periodrequirements to senior leadership well in advance, with supporting analysis and recommended courses of action.
• Coordinate construction draw requests, lender inspections, and project completion certifications fordevelopment-stage assets, ensuring timely funding and documentation.
• Assist in the preparation of lender waiver requests, loan modification packages, extension requests,and restructuring documentation as directed by senior leadership.
• Serve as the primary point of coordination between the firm's accounting, legal, and asset managementteams and external lenders on all compliance and reporting matters.

Financial Reporting & Reconciliation

• Reconcile financial reporting across the portfolio by cross-referencing property-level operatingstatements, construction draw schedules, lender compliance reports, and investor reporting packages to ensure accuracy and consistency.
• Identify, investigate, and resolve discrepancies between accounting records, management reports, andexternal lender or investor submissions in coordination with the accounting and asset management teams.
• Prepare monthly, quarterly, and annual portfolio-level financial reports including variance analyses, NOIsummaries, debt maturity schedules, and capital account statements for internal leadership and external stakeholders.
• Assist in the preparation and review of annual operating budgets, capital expenditure plans, anddevelopment cost budgets; track actuals-to-budget performance and produce variance commentary.
• Support the due diligence process for potential acquisitions and development projects, including reviewof financial statements, rent rolls, title reports, environmental assessments, and third-party appraisals.
• Maintain accurate and up-to-date records of all financial models, draw schedules, cost trackers, andreporting templates used across the development and capital strategy function.

Artificial Intelligence & Technology Initiatives

• Lead and champion the firm's adoption of artificial intelligence, machine learning, and advanced dataanalytics tools across the development, capital markets, and financial reporting functions — this is a core priority of the role.
• Identify, evaluate, and implement AI-powered platforms and automation tools that improve efficiency infinancial modeling, underwriting, market research, covenant tracking, and investor reporting workflows.
• Research and assess emerging proptech and fintech solutions including AI-driven rent forecasting,construction cost estimation, automated covenant monitoring, and portfolio analytics platforms; present recommendations and ROI analyses to senior leadership.
• Build and maintain internal data dashboards and reporting infrastructure that integrate AI-generatedinsights with operational and financial data across the firm's portfolio.
• Partner with the accounting, asset management, and IT functions to automate repetitive reporting andreconciliation processes using AI tools, reducing manual effort and improving data accuracy.
• Stay current on industry developments in real estate AI, proptech, and data strategy; serve as the firm'sinternal subject matter expert and advocate for technology-driven innovation.

Investor Relations & Business Development

• Assist in the preparation of investor presentations, pitch decks, offering memoranda, and capital raisematerials for new development and acquisition opportunities.
• Support ongoing investor communications including distribution notices, capital call letters, quarterlyperformance updates, and annual reports in coordination with senior leadership.
• Conduct research on prospective equity partners, family offices, and institutional investors to supportthe firm's capital raise and business development efforts.
• Performs other related duties and assignments as required.

Supervisory Responsibilities:

• This is an individual contributor role; no direct supervisory responsibilities at this time.
• Expected to collaborate cross-functionally with asset management, property management, accounting,legal, construction, and capital markets teams across the firm.

Qualifications:

• Bachelor’s degree (B.A. / B.S.) in Real Estate, Finance, Economics, Accounting, BusinessAdministration, or related field required.
• 2–5 years of experience in real estate development, capital markets, investment banking, privateequity, corporate finance, or a related field.
• Demonstrated experience with debt financing, loan documentation, or covenant compliance in a realestate or financial services context preferred.
• Exposure to AI tools, data analytics platforms, or technology implementation in a real estate or financeenvironment strongly preferred.

Skills and Abilities:

• Advanced proficiency in Microsoft Excel, including complex financial modeling, DCF analysis, waterfallstructures, and scenario/sensitivity analysis; Argus Enterprise experience a plus.
• Demonstrated interest in and working knowledge of artificial intelligence tools, automation platforms,and proptech solutions as applied to real estate finance and operations.
• Strong financial reconciliation skills; ability to identify and resolve discrepancies across multiplereporting systems and data sources.
• Familiarity with loan agreements, covenant structures, lender compliance reporting, and debt capitalmarkets terminology.
• Strong written and verbal communication skills; ability to produce polished investor-facing materials,lender submissions, and internal executive reports.
• Highly organized with exceptional attention to detail; capable of managing multiple high-priorityworkstreams and deadlines simultaneously.
• Entrepreneurial mindset with a strong sense of ownership, intellectual curiosity, and desire to growwithin a vertically integrated real estate development platform.

Physical Demands:

• Regularly required to sit, use hands, and communicate verbally and in writing.
• Occasionally required to travel to development sites, lender meetings, and investor presentations.

Work Environment:

• Office-based with hybrid flexibility; primary office located in Miami, FL.
• Fast-paced, entrepreneurial environment requiring adaptability and the ability to manage competingpriorities.
• Reasonable accommodations may be made for individuals with disabilities to perform the essentialfunctions of this role.

Prime Group is an Equal Opportunity Employer.