Real Estate Development Associate

The Development Associate is an integral member of the Development team. This role is responsible for assisting with all aspects of proforma and financial underwriting and modeling, analysis and due diligence.

FUNCTIONS:

• Ownership of deal underwriting models, including preliminary underwriting of new development opportunities, updates, sensitivity analysis, and scenario testing to support go/no-go decisions and ongoing project evaluation; ensure accuracy by collaborating with Construction, Risk Management, and Accounting.
• Prepare Investment Packages for executives, Investment Committee, lenders, and equity partners, including proformas, market analysis, financial exhibits and related elements.
• Conduct jurisdictional-level due diligence (zoning, land use, floodplain, impact fees, entitlement and permitting processes, real estate taxes, supply pipeline and demand drivers) to support the team in evaluating new opportunities and ongoing assumptions.
• Collect and review project-specific due diligence for projects under contract to highlight key risks identifiable from materials including collecting title documents, surveys, environmental documents, soils analysis and coordinating due diligence checklists.  
• Lead market intelligence efforts, including submarket trends, demographic analysis, rent comps, and competitive property surveys, and integrate findings into internal and external stakeholder communications.
• Manage and prioritize deliverables across multiple projects, ensuring timely and accurate support for the VP and MD.
• Apply strong knowledge of multifamily business models, proforma structures, and industry metrics across multiple active deals simultaneously.
• Provide pre-construction project management support by interfacing with governmental jurisdictions and the local community on entitlement and zoning issues as well as interfacing with architects, engineers, and Wood Partners preconstruction and construction staff during the design process to keep the project on budget and on schedule.  

• Compile lender and equity partner due diligence materials required for closing as well as coordinating with internal preconstruction staff to obtain the necessary permits for closing.  
• Coordinate with Wood Partners construction team throughout the construction process, attend bi-weekly construction meetings and assist with coordination with municipalities, utilities companies and telecom companies.  Help with leasing office and amenity space turnover and coordinate unit turnover with Property Management.  
• Track development budget and manage cash flow projections throughout the life of the project, including reviewing invoices and draws for equity partners and lenders.

REQUIRED QUALIFICATIONS:

• Bachelor’s degree in Real Estate, Finance, Business or Economics; an MBA or MRED a plus.
• Ideal candidates will possess a minimum of 2-3 years of experience managing real estate proforma modeling, sensitivity analysis, and preparation of investment packages.
• Advanced proficiency in MS Excel and Power Point.
• Strong understanding of financial performance metrics and valuation techniques.
• Experience creating, maintaining, and reporting of proforma models, budgets, finance, cost, and schedule reports.
• Excellent communications skills (written verbal).
• Strong attention to detail, accuracy and organizational skills are of the highest importance.
• Ability to collaborate across many levels.
• Strong critical thinking, analytical skills, and sound judgment are essential.
• High awareness and knowledge of the current state of the capital markets.
• Ability to work on multiple tasks concurrently and under tight timeframes.

Job Type: Full-time

Pay: $110,000.00 - $130,000.00 per year bonuses

Benefits:

• Generous holiday calendar (17 paid holidays in 2025)
• Professional development seminars customized for Wood Partners offered monthly
• 401(k) with up to 4% match
• Platinum Health insurance plan and high-deductible insurance plan with health savings account
• Dental & Vision insurance
• Dependent health insurance coverage
• Wellness challenges
• Financial wellness program
• Monthly life coaching with professional counselor
• Life and disability insurance
• Employee assistance program
• Paid time off
• Professional development assistance

ABOUT WOOD PARTNERS:

Wood Partners is a national leader in the development and construction of multifamily communities across the United States. The company has been involved in the acquisition and development of more than 115,000 multifamily homes with a combined capitalization of $24 billion.  The company currently owns more than 80 properties across the United States, representing approximately 25,000 homes. Wood Partners has built a reputation for delivering exceptional projects that enhance the communities they serve. Backed by more than 25 years of experience, the company combines deep market expertise with a disciplined, entrepreneurial approach to development. Wood Partners has offices in 17 major markets across the country, allowing teams to stay closely connected to local markets and trends. The company’s culture is built on a foundation of entrepreneurship, integrity, teamwork, and execution, empowering employees at all levels to contribute meaningfully to its mission. Wood Partners is consistently ranked as one of the five largest multifamily developers in the United States. For more information, visit woodpartners.com.