Development Associate

Company

Our client is a non-profit real estate development organization that is looking to hire a Development Associate. The company is vertically integrated with capabilities in acquisitions, development, asset management, and property management. The Company is mission driven and provides housing for people with disabilities. The Company’s develops projects in the New England region and has been expanding into the Mid-Atlantic.

Position

The Company is seeking a Development Associate to participate in all aspects of the transaction cycle including market/strategy research, site selection, pre-development activities, financial modeling, construction scheduling, due diligence, third-party coordination such as lenders/legal/contractors, and other ad hoc duties as assigned. Primary aptitudes for the role are self-led investment research & financial modeling, and preparation of high-quality ‘pitch’ materials for internal decision makers and external capital providers.

This position has exposure to a wide variety of transactions and investment types and structures. The role entails high exposure to executives by design and offers a clear path into project Management and development.

Ideal candidates are smart, driven individuals seeking an opportunity to work hard and be rewarded for it. The ability to work within this team environment and a passion for mission-based affordable housing real estate development is necessary.

Role

The Project Manager will report to the Company’s Head of Development and be responsible for managing group home development projects from site selection through acquisition, design, and construction. The ideal candidate will be a strong project manager who can lead a team of external partners and internal stakeholders. The Project Manager should have demonstrated expertise in managing a project’s scope, schedule, and budget as well as an understanding of real estate development fundamentals. In addition, the Project Manager will have the opportunity to assist in the sourcing for new development projects.

Responsibilities

• Assist Real Estate Developers and Project Managers with planning and development activities of the Corporation.
• Collect, compile, maintain, and distribute project information with team members on the status of development projects.
• Assist with pre-development activities, including needs assessment, due diligence, feasibility review, site information, and project documentation.
• Gather documentation required for business activities, including legal, closing, financing, utility, permitting, and acquisition-related materials, and coordinate such information with staff, consultants, and legal representation.
• Assist with project schedules, budgets, consultant coordination, meeting preparation, notes, design, permitting, and follow-up items.
• Support funding, pro forma, and project budget tracking, including gathering cost information, invoices, contracts, and other documentation.
• Update and manage templates, project files, and tracking systems.
• Collaboration with other Company employees, including Finance Department and Asset/Property Management Group.
• Supporting the Company’s mission.
• Other duties as assigned.

Qualifications

• Bachelor’s degree in real estate, planning, construction management, business, finance, public policy, related fields, or equivalent experience.
• Two or more years of experience in real estate development, construction, planning, affordable housing, community development, finance, or related work preferred.
• Working knowledge of computerized data entry/retrieval, word processing, spreadsheets, project tracking tools, and Artificial Intelligence (ChatGPT, Claude, CoPilot etc).
• Experience in financial modeling and advanced excel skills considered a plus.
• Strong organizational, written, verbal, and interpersonal skills.
• Ability to manage multiple projects, meet deadlines, and work effectively with team members, consultants, and outside partners.