We are seeking a highly motivated and detail-oriented Development Associate with at least 2 years of experience in commercial real estate development. The successful candidate will play a key role in managing development projects from inception to completion, contributing to various aspects of the project lifecycle, including project management, proforma development, entitlement work, financing, and incentive acquisition. This role will report directly to the Managing Director and work closely with senior leadership to drive projects forward.
Essential Responsibilities :
- Project Management: Manage and coordinate all phases of the real estate development process, ensuring projects are delivered on time and within budget. Oversee site selection, due diligence, permitting, design, construction, and lease-up phases.
- Proforma Development & Financial Analysis: Create and update development proformas to assess the financial feasibility of projects. Work with internal teams and financial partners to ensure the project's financial health and profitability, conducting sensitivity analyses as needed.
- Entitlement & Permitting: Lead the entitlement process, including zoning applications, environmental assessments, and compliance with local regulations. Work with legal, planning, and government agencies to secure necessary permits and approvals.
- Financing & Incentives: Assist in sourcing and securing project financing, including debt and equity structures. Work closely with lenders, investors, and financial institutions to ensure financing terms align with project goals. Identify and pursue available tax credits, grants, and other financial incentives.
- Collaboration & Reporting: Communicate regularly with senior leadership, including the Managing Director, to provide project updates, address challenges, and ensure alignment with strategic goals. Collaborate with internal teams, consultants, architects, and contractors to ensure smooth project execution.
- Market Research & Site Evaluation: Conduct market research and feasibility studies to identify high-potential sites for development. Analyze local market conditions and trends to inform project strategies.
- Other duties and projects as assigned.
Do you have what it takes?
- Bachelor's degree in Real Estate, Finance, Urban Planning, or a related field.
- At least 2 years of experience in commercial real estate development, with a strong understanding of project management, financial modeling, entitlement processes, and financing.
- Proven experience in developing proformas and conducting financial analyses for real estate projects.
- Strong working knowledge of the entitlement and permitting processes, including navigating local zoning and regulatory requirements.
- Familiarity with real estate financing structures, tax incentives, and grants.
- Excellent communication and interpersonal skills with the ability to collaborate with cross-functional teams and external stakeholders.
- Highly organized with exceptional attention to detail and ability to manage multiple projects simultaneously.
- Proficient in Microsoft Excel, Procore, and other real estate development software tools.
Preferred Qualifications:
- Experience in multifamily and/or mixed-use development projects
- Knowledge of construction processes and timeline management.
- Strong relationships with local government agencies and industry stakeholders.
To learn more, visit our website: Development, Construction, and Capital | DiGeronimo Companies
Why DiGeronimo Companies?
This job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee. Other duties, responsibilities and activities may change or be assigned at any time with or without notice.
_DiGeronimo Companies is an Equal Opportunity Employer, and we value workplace diversity and do not discriminate
against any employee or applicant because of race, color, sex, age, national origin, religion, sexual orientation, gender
identity, status as a veteran, and basis of disability or any other federal, state, or local protected class.
_