Development Associate

CREW Greater Cincinnati; Atlanta (GA); On-site; USD 55,000 - 85,000; Full time

Job summary

Greystar is seeking a Development Associate in Atlanta to manage development projects from design through construction, coordinating with consultants and equity partners. The role emphasizes financial analysis, due diligence, and timely permitting.

You will prepare pro-forma models, track budgets, attend hearings, and collaborate with lenders and the finance team to address equity and debt questions. A bachelor’s degree in finance, real estate, or related field is required, with strong Excel and

Qualifications

• Bachelor's degree in finance, business, real estate, economics, construction, architecture, or related field required.
• Master’s degree preferred.
• Attention to detail and strong problem-solving skills.
• Proficiency in Excel and financial modeling.
• Excellent interpersonal and relationship-management skills.

Responsibilities

• Evaluates, prepares and reviews financial analysis of development opportunities, including creating detailed pro-forma and financial models.
• Oversee market data analysis, preparation of investment memoranda, detailed reports, and market summaries.
• Assists with consultant engagement and direction to complete project design and obtain permits.
• Solicits feasibility studies and proposals from design consultants.
• Manages due diligence of development sites and coordinates with consultants to resolve issues and obtain approvals.
• Coordinate with construction team to ensure budget reflects development plan and approvals.
• Attend hearings and meetings; prepare deliverables with consultants.
• Prepare reports and budgets; monitor DCSR process and project status for equity partners and lenders.
• Track pre-development budgets and invoice processing; assist with equity/debt questions.
• Maintain market awareness and collaborate with team on floor plans and FF&E.

Skills

Financial modeling

Excel

Due diligence

Project management

Communication

Stakeholder mgmt

Attention to detail

Education

Bachelor's degree

Master’s degree preferred

Tools

Excel (Advanced)

Pro-forma analysis

Job description

Development Associate

Posted: 29-Jul-26

Location: Atlanta, Georgia

Type: Full Time

Categories: Development

Internal Number: R0194457

JOB DESCRIPTION SUMMARY

The Development Associate provides day-to-day management of development projects throughout design and construction. Coordinates with consultants during the due diligence and construction phase of projects, and interacts directly with equity partners, lenders, and asset management teams.

JOB DESCRIPTION

• Evaluates, prepares and reviews financial analysis of development opportunities, including creating detailed pro-forma and financial models.
• Oversight of market data analysis, preparation of narrative investment memoranda, detailed reports, and market summaries that provide insights on proposed projects.
• Assists with the consultant engagement and direction to complete project design and solve any issues to receive permits in timely manner.
• Solicit feasibility studies and proposals from design consultants.
• Participates and manages the due diligence of development sites under contract and prepares documentation on key findings that may affect the return and financial performance of the proposed deal. Works closely with the consultant team to solve issues and permit the project in a timely manner before construction start. Reviews and resolves title and survey matters and reviews and marks up plans. Manages due diligence and timeline trackers.
• Identify utility locations and coordinate will serve letters.
• Coordinate with construction team as they comply pricing to ensure budget accurately reflects development plan and conditions of approval.
• Attend hearings, municipal and neighborhood meetings . Work with consultants to prepare deliverables.
• Administers the Development and Construction Status Report (DCSR) process. Monitors and reports on the status and progress of proposed development pipeline project, recommending critical timelines and deadlines for tasks and activities related to the proposed transaction, and identifies and communicates issues or problems that could adversely affect closing.
• Prepares reports and updates for equity partners and lenders and coordinates with the finance team to assist with potential equity and debt sources questions.
• Tracks pre-development budgets and invoice processing.
• Coordinates closely with lender to ensure an efficient closing process by handling and organizing documents and interfacing with legal counsel.
• Maintain keen understanding of economic activity in target markets by tracking market fundaments and actively participating in industry organizations.
• Collaborate with the development team, property management and consultants to approve floor plans, signage plan and design of the building.
• Represent ownership on day-to-day project management activities including OAC meetings and jobsite visits, including attending mock ups, box walks and FF&E installs.
• Attends recurring design and construction meetings and documents meeting minutes and manages action item follow ups.
• Prepares project reports and budgets.
• Prepares fitness center, pool, and FF&E budgets.
• Coordinate directly with architect, contractor, counsel, and project consultants.
• Review and maintain compliance with legal transactional and permitting documents.

QUALIFICATIONS

• 1-4 years of experience in real estate development, finance, construction, or architecture.
• A bachelor's degree is required in finance, business, real estate, economics, construction, architecture, or related field. Master’s degree is preferred.
• Attention to detail and exceptional creative problem-solving skills.
• Proficiency in Excel and financial modeling skills, with advanced knowledge of cash flow forecasting.
• Highly motivated self-starter with strong organizational, time-management and project management skills to effectively track report and manage multiple projects and priorities where meeting deadlines is critical.
• Excellent interpersonal and relationship-management skills in order to establish, cultivate, and maintain productive relationships with brokers, institutional and equity partners, owners, lenders, and the variety of potential clients with whom Greystar does business.
• Advanced written and communication skills with professional presentation and public speaking ability.

About Greystar

Greystar is a leading, fully integrated global real estate platform offering expertise in property management, investment management, development, and construction services in institutional-quality rental housing. Headquartered in Charleston, South Carolina, Greystar manages and operates over $350 billion of real estate in more than 260 markets globally with offices throughout North America, Europe, South America, and the Asia-Pacific region. Greystar is the largest operator of apartments in the United States, managing over one million units/beds globally. Across its platforms, Greystar has nearly $79 billion of assets under management, including over $34 billion of development assets and over $36.5 billion of regulatory assets under management. Greystar was founded by Bob Faith in 1993 to become a provider of world‑class service in the rental residential real estate business. To learn more, visit www.greystar.com.