Development Analyst

About the Role

We are seeking a detail-oriented Development Analyst to support our development and investment teams in evaluating the financial feasibility and risk profile of new real estate projects. In this highly collaborative, internal-facing position, you will analyze potential acquisitions and development opportunities, providing data-driven recommendations that inform key investment decisions. You will also assist Development Managers in permitting, entitlement processes, and budgeting, playing a critical role in shaping the company's real estate portfolio and long-term growth.

Responsibilities

• Conduct thorough underwriting of potential real estate acquisitions and development projects, including financial modeling, market analysis, and risk assessment.
• Prepare and present detailed investment memoranda, underwriting packages, and scenario analyses for internal review and executive decision-making.
• Analyze development costs, projected revenues, capital stack structures, and returns (IRR, equity multiple, cash-on-cash, etc.).
• Collaborate with internal teams (acquisitions, development, construction, finance, legal) to assess deal assumptions and align on underwriting inputs.
• Research market fundamentals, including supply/demand trends, comparable transactions, zoning, and entitlements.
• Monitor ongoing performance of existing assets against pro forma assumptions, providing updates and recommendations as needed.
• Maintain and enhance underwriting templates, models, and investment tools to improve accuracy and efficiency.
• Assist Development Managers in permitting, entitlement processes, and budgeting.
• Coordinate pay applications, draw requests, and maintain job cost reports/budgets.

Requirements

• Bachelor’s degree in Finance, Real Estate, Economics, or a related field (Master’s degree a plus).
• Strong proficiency in Excel-based financial modeling.
• Excellent analytical, problem-solving, and communication skills.
• Highly organized with strong attention to detail and the ability to manage multiple projects simultaneously.

Preferred Qualifications

• 1+ years of experience in real estate underwriting, development analysis, acquisitions, or investment analysis.
• Exposure to multiple asset classes (multifamily, industrial, mixed-use, retail, etc.).
• Experience working within a real estate development or investment firm.
• Proficiency in valuation methods (DCF, residual land value, development yield, etc.).
• Familiarity with permitting, entitlement processes, and construction budgeting.
• Deep understanding of real estate market dynamics, development process, and financial structuring.
• Experience with CoStar, Crexi, or other industry tools is a plus.

Benefits

Competitive salary + performance-based bonuses.

Company benefits include health insurance, 401(k), paid time off, and professional development.