Development Associate

Job Duties & Responsibilities

• Analyze demographic, economic, and competitive data to inform site acquisition and overall market feasibility studies.
• Support the Acquisitions team in sourcing and evaluating potential land and building opportunities.
• Aid in assembling and maintaining project budgets, including soft costs and consultant fees, and contribute to cost control reviews (CCRs).
• Prepare and update pro forma financial models with market comparables to support underwriting by the Project Finance Team and Managing Principals.
• Generate monthly cash flow and budget‐vs‐actual reports for internal teams and external clients.
• Schedule, attend, and record minutes for development and Owner–Architect–Contractor (OAC) meetings; distribute follow‐up actions as requested.
• Manage document control and coordinate with development consultants to ensure adherence to scope, schedule, and budget.
• Support acquisition due diligence by gathering and organizing technical reports, title work, zoning and land‐use documentation, and environmental assessments.
• Compile, archive, and maintain both digital and hard copy project files in compliance with SRM standards.
• Assist Development and Investor Relations teams with preparation of equity documents, contracts, and investor communications.
• Aid in managing the construction loan closing process, coordinating with legal, finance, and lending institutions.
• Support project transition to Asset Management/property management by assembling close‐out documentation and ensuring continuity of the business plan.
• Prepare concise internal and external reports, presentations, and data summaries.
• Provide regular updates on project status, budget, and schedule to Development Manager and project stakeholders.
• May lead or support special development initiatives and team‐wide process improvements.
• Collaborate with SRM teammates across Acquisitions, Finance, Construction, and Asset Management to uphold best practices.

Required Skills & Experience

• Bachelor’s degree in Real Estate, Business, Finance, Urban Planning, or a related field.
• 2–4 years of experience in real estate development, project management, or a related field.
• Strong analytical and financial skills, including proficiency in Excel for financial modeling, budgeting, and reporting.
• Excellent organizational and project coordination skills with the ability to manage multiple priorities and deadlines.
• Strong verbal and written communication skills with the ability to collaborate effectively with internal teams and external partners.
• Proficiency in Microsoft Office Suite and general document management systems.
• Strong problem-solving skills and the ability to adapt to evolving project needs.

Preferred Skills & Experience

• Experience supporting mixed-use, multifamily, commercial, or affordable housing development projects.
• Familiarity with development management software.
• Exposure to equity funding sourcing, construction loan closing, and JV investor relations.

Physical Requirements

This position is an office-based role that will require frequent sitting and computer use.

Travel

0-10%

Pay & Benefits

The annual salary range for this position in the Greater Seattle area is $90,000 - $120,000, depending on experience.

SRM offers a comprehensive benefits package that includes medical, dental, and vision coverage, paid time off, a retirement savings plan, and professional development opportunities.