Step into a key role with a growing commercial real estate development team in Charleston, where you'll help shape high-impact projects across the region.
About the Role
As a Retail/Commercial Property Development Associate, you will support the end-to-end evaluation and execution of development projects, from initial site selection through closing. You'll play a central role in building financial models, assessing feasibility and risk, and coordinating due diligence to ensure projects are viable, well-structured, and aligned with stakeholder objectives.
Key Responsibilities
- Build and maintain detailed financial models and pro formas for potential and active development projects.
- Conduct market research and site selection analysis to identify and compare development opportunities.
- Evaluate zoning, land use, and entitlement constraints and collaborate with internal and external parties to support approvals.
- Perform development feasibility and risk assessments, including sensitivity analyses and scenario planning.
- Prepare and track project budgets, monitoring variances and updating forecasts throughout the development lifecycle.
- Review and coordinate transaction due diligence, including documentation review, data gathering, and issue tracking.
- Support understanding of construction processes and timelines by liaising with project managers and contractors to align schedules with financial assumptions.
- Prepare clear, concise materials and reports for stakeholders and investors, summarizing key findings, risks, and recommendations.
Key Requirements
- Experience in commercial or retail real estate development, investment, or related field with direct exposure to underwriting and deal analysis.
- Strong financial modeling skills, including cash flow analysis, IRR, NPV, and sensitivity testing for development projects.
- Proven ability to perform real estate valuation for income-producing commercial assets and development sites.
- Working knowledge of zoning, land use, entitlement processes, and their impact on project feasibility.
- Demonstrated capability in market research and site selection analysis, using both quantitative and qualitative data.
- Experience with development feasibility and risk assessment, including identifying key project risks and mitigation strategies.
- Familiarity with construction processes and timelines sufficient to align financial models and budgets with delivery schedules.
- Strong written and verbal communication skills for stakeholder and investor reporting and coordination.
Qualifications
- Bachelor's degree in Finance, Real Estate, Economics, Business, or a related field.
- Advanced degree (e.g., MS Real Estate, MBA) preferred but not required.