Associate

Overview

The Associate role will be responsible for a full range of development tasks across a broad portfolio of assets. This role works closely with the VP of Transactions to coordinate due diligence, review contracts and reports, construct pro forma models, and assist in asset management throughout the development life cycle. The Associate also maintains and presents pertinent information in various databases for the team and reports to the Director of Asset Management.

Responsibilities

• Manage project‑specific due diligence tasks throughout the initial property acquisition phase, including review of historical documents, current operations, title and survey review, environmental assessments, geotechnical exploration, traffic impact studies, market analysis, and other feasibility studies.
• Construct and develop pro forma models of monthly cash flows, project budgets, capital outlay forecasts, and other financial KPIs.
• Work with accounting and development teams to prepare monthly capital requests and development update report packages for internal and external partners.
• Maintain a central database of all active and delivered developments, highlighting status, major milestones, project schedules, timelines, financial metrics, and other development‑specific KPIs.
• Coordinate with escrow teams and title companies to efficiently manage transactions in the acquisition and disposition stages.
• Assist legal counsel with contract‑related tasks, including background research, document and exhibit preparation, and execution of documents such as Letters of Intent, Purchase and Sale Agreements, Operating Agreements, Joint Venture Agreements, Development Management Agreements, and closing documents.
• Coordinate with institutional capital partners, banking organizations, brokerage, and marketing teams throughout the development process, managing cloud‑based document‑sharing platforms to keep project information up‑to‑date.
• Demonstrate critical thinking and create solutions to unique development challenges, efficiently prioritizing tasks to meet deadlines of team members and external partners.
• Perform various other development‑related tasks and ad‑hoc analysis as needed.

Requirements

• Proactive team spirit and dependability.
• Bachelor’s degree in real estate, legal studies, project management, or finance (master’s or advanced degree preferred).
• Experience in commercial real estate and development preferred.
• Proficiency in Microsoft Excel, Outlook, Word, PowerPoint, Adobe, CoStar, and Argus.
• Ability to multitask in a fast‑paced environment.
• Strong teamwork skills: work cooperatively to set goals, resolve problems, and make decisions that enhance organizational effectiveness.
• Effective decision‑making: assess situations for importance, urgency, and risk, and make timely, organization‑focused decisions.
• Problem‑solving: identify causes, gather relevant information, generate solutions, and implement recommendations.
• Ethical behavior: understand and uphold ethical standards and align actions with organizational values.

Reporting and Evaluation

The Associate reports to the Director of Asset Management.

Evaluation includes an annual review by the Director of Asset Management with peer input, based on interactions and engagement with the team, demonstration of company values, involvement in ongoing developments, contribution to new business, problem‑solving ability, and focus on internal and external customer service.