Development Associate

Related; Chicago (IL); On-site; USD 76,000 - 133,000; Full time

Job summary

Related Companies is a global real estate and lifestyle firm headquartered in New York, with major developments nationwide including Chicago. This role centers on financial analyses, budgets, cash flow forecasts, investment memoranda, underwriting materials, and project reporting for acquisitions, development, redevelopment, and lease-up.

The ideal candidate holds an MBA in Real Estate Development and at least two years of experience in financial analysis of real estate projects, and will work

Qualifications

• MBA with a focus on Real Estate Development and two (2) years of experience in Financial Analysis of Real Estate Projects.

Responsibilities

• Support and lead key workstreams across real estate acquisition, financing, development, redevelopment, and lease-up.
• Prepare detailed financial analyses, project budgets, cash flow forecasts, investment memoranda, underwriting materials, and related financing documentation.
• Coordinate with development, construction, design, accounting, asset management, leasing, marketing, legal, and community engagement teams to support project execution from acquisition to disposition.

Skills

Financial analysis

Real estate development

Education

MBA in Real Estate Development

Job description

Responsibilities

Support and lead key workstreams across real estate acquisition, financing, development, redevelopment, and lease-up. Support the development team in all aspects of project execution. Prepare detailed financial analyses, project budgets, cash flow forecasts, investment memoranda, underwriting materials, Request for Proposal (RFP) responses, presentations, financing documentation, funding applications, and project-level reporting. These materials are reviewed by project teams, senior management, corporate finance, lenders, investors, public agencies, and other project stakeholders.

Coordinate with the development, construction, design, accounting, asset management, portfolio management, property management, leasing, marketing, legal, and community engagement teams to support project execution. This covers every phase from acquisition and pre-development through construction, stabilization, refinancing, conversion, or disposition.

Qualifications

Master of Business Administration (MBA) with a focus on Real Estate Development and two (2) years of experience in Financial Analysis of Real Estate Projects.

Compensation & On-Site Requirement:

• Anticipated base salary range: $75,608 to $133,000 per year.Thisposition is exempt from overtime pay.


• The position requires in-office attendance five days a week, Monday through Friday.

Overview

Related Companies is a global real estate and lifestyle company defined by innovation and the most prominent privately-owned real estate firm in the United States with over sixty billion in assets owned or under development including the 28-acre Hudson Yards neighborhood on Manhattan's West Side, The Grand and Related Santa Clara in California and The 78 in Chicago. Formed over 45 years ago, Related is the largest private owner of affordable housing and a fully-integrated, highly diversified industry leader with experience in virtually every aspect of design, development, acquisitions, management, finance, hospitality, sustainability, and sales. Related's mixed-use, residential and commercial office properties have been consistently heralded for their placemaking vision - bringing together iconic design, arts and culture, dynamic programming, and innovative wellness programs. Headquartered in New York City, Related has offices and major developments in Boston, Chicago, Los Angeles, San Francisco, South Florida, Washington, D.C., Abu Dhabi, and London, and boasts a team of approximately 4,000 professionals. Related was recently named to Fast Company Magazine's list of the 50 Most Innovative Companies in the World.

For more information about Related, please visit www.related.com.

Related is an Equal Opportunity Employer

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