What does a Development Associate do?

Development Associates provide administrative and technical support on all aspects of real estate development projects, from early conception through completion. They also serve as a liaison for the company in its project-specific dealings with various stakeholders.

Development Associate Responsibilities

  • Coordinate real estate development projects from inception through lease-up.
  • Research new opportunities, evaluate potential qualifications for funding, and prepare preliminary market reviews.
  • Support effective project management by creating and maintaining critical path timelines and development project checklists.
  • Coordinate project due diligence for investors, lenders, and federal, state, or local funding sources.
  • Submit the required documents for zoning and permits.
  • Assist in stakeholder engagement and outreach, such as planning, hosting, facilitating, or presenting at public meetings.
  • Coordinate with outside consultants for environmental assessments, market studies, etc.
  • Collaborate with program associates to plan and host groundbreakings, grand openings, or other events.
  • Assist with process improvement, e.g., standardizing and establishing SOPs, creating or improving development checklists, and organizing electronic files.

Development Associate Qualifications

  • A minimum of a bachelor’s degree and two years’ work experience; graduate degree in related field preferred; OR equivalent years of work experience in urban planning, housing development, real estate development, business, finance, or a related field.
  • Knowledge of local, state and federal housing financing programs.
  • Proficiency with computer programs and spreadsheet software such as Microsoft Excel, Microsoft Word, and Microsoft PowerPoint. Ability to read, analyze, and interpret financial reports and legal real estate documents.
  • Strong math and analytical abilities. Ability to conduct financial analysis and prepare budgets.
  • Ability to interpret an extensive variety of technical instructions in mathematical or diagram form and deal with several abstract and concrete variables.
  • Capacity to handle multiple tasks simultaneously in an organized, efficient and timely manner and successfully meet project deadlines.
  • Strong verbal communication skills and clear writing ability.
  • Ability to initiate and maintain effective, cooperative working relationships with colleagues, consultants, and development team members.

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