Development Associate: Real Estate & Market Strategy

Enclave; Saint Louis Park (MN); On-site; USD 60,000 - 90,000; Full time

Benefits offered by this job

Health insurance

401k with company match

Life and disability insurance (company

Paid time off & holidays

HSA & FSA options

Parental leave

Job summary

Enclave, a unified real estate investment firm focused on multifamily, industrial, and commercial developments in the Midwest and Mountain West, is seeking a Development Associate in Saint Louis Park, MN. You will support the Development team with market analyses, budgets, pro-formas, reporting, leasing, and monitoring the deal pipeline.

You will also craft investment memos, coordinate with brokers and utilities, assist with entitlements, due diligence, and financial analyses to drive successful

Qualifications

• Bachelor’s degree in civil engineering, construction, urban planning, finance, real estate or related field, or 2-4 years of development/real estate experience.
• Experience within industrial real estate sector, ideally with development and leasing.
• Excellent interpersonal communication skills, including heavy telephone and email communication; ability to professionally communicate and build effective relationships with internal and external customers.
• Well organized and adaptable, with the ability to manage multiple projects and work well under pressure.
• Intermediate to advanced knowledge of Microsoft Excel with experience creating analytical models and real estate development financial forecasts.

Responsibilities

• Market analysis of supply, demand, market rents and absorption trends to guide development decisions.
• Update and refine project details across platforms to ensure information flow for development outcomes.
• Craft data-driven Investment Committee memos to guide investment decisions.
• Draft investor-focused memorandums highlighting project financials and market dynamics.
• Coordinate with utility companies for service agreements and rebates to aid cost efficiency.
• Coordinate leasing efforts with brokers and potential tenants to drive space utilization.
• Support entitlement process by preparing development plans for city officials.
• Summarize key terms from purchase agreements, loan documents, and operating agreements for internal stakeholders.
• Perform financial analyses and feasibility studies for development and value-add investments.
• Assist with RFPs and contractor bids to align with project goals.
• Maintain up-to-date deal information across systems and reports.

Skills

Market Analysis

Project Management

Investment Memos

Investor Communications

Utility Coordination

Leasing Strategy

Entitlement Support

Due Diligence

Financial Analysis

Feasibility Studies

Contract Review

Deal Management

Education

Bachelor’s degree in civil engineering, Construction, Urban Planning, Finance, Real Estate or related field

Tools

Microsoft Excel

Job description

Enclave, a unified real estate investment firm focused on multifamily, industrial, and commercial developments in the Midwest and Mountain West, is seeking a Development Associate in Saint Louis Park, MN. You will support the Development team with market analyses, budgets, pro-formas, reporting, leasing, and monitoring the deal pipeline.

You will also craft investment memos, coordinate with brokers and utilities, assist with entitlements, due diligence, and financial analyses to drive successful