Development Underwriting Associate

Gillon Property Group; Dallas (TX); On-site; USD 90,000 - 140,000; Full time

Benefits offered by this job

Competitive base salary

Employer paid medical, dental, vision,

Flexible Spending Accounts (FSA)

401(k) with company match

3 weeks PTO + 5 sick days

12 company paid holidays

Job summary

Gillon Property Group (GPG) is seeking an Development Underwriting Associate in Dallas, TX. This role collaborates with the VP of Development and Senior Director to analyze feasibility, build pro formas, and support land acquisitions for ground-up and redevelopment projects.

You will work closely with leadership, refine modeling standards, and grow into broader responsibilities as the pipeline expands, with a clear runway for advancement.

Qualifications

• 1–3 years of experience underwriting real estate transactions.
• Strong Excel modeling skills.
• Exposure to Argus Enterprise is a plus; training provided.
• Comfortable working with development leadership and using independent judgment.
• Strong written and verbal communication.
• Bachelor's degree in Real Estate, Finance, Economics, or related field.

Responsibilities

• Build and update development pro formas for ground-up and redevelopment opportunities.
• Underwrite feasibility with sensitivity analysis on cost, timing, and lease-up.
• Support due diligence for land acquisitions and construction financing.
• Refine model templates with development leadership and align to standards.
• Maintain clean, organized models and files.
• Support market research on demographics, competing developments, and leasing trends.
• Assist with ad hoc reporting and analysis as the pipeline grows.

Skills

Excel modeling

Argus Enterprise exposure

Communication

Education

Bachelor's degree in Real Estate Finance Economics or related field

Tools

Argus Enterprise

Job description

Development Underwriting Associate

Location: Dallas, TX

Company Overview:

Gillon Property Group (GPG) is a Dallas-based commercial real estate investor, developer, and operator, and the exclusive real estate platform of the Washburne family (fourth and fifth generation descendants of H. L. Hunt). For decades, the family has built a portfolio around one idea: driving long-term value by creating extraordinary places that enhance people's lives.

That shows up across some of the most iconic destinations in the country — Highland Park Village in Dallas (est. 1931), Country Club Plaza in Kansas City (est. 1922), Watters Creek Village in Allen, Texas, and Knox Street in Dallas, among more than 81 properties that have passed through the firm's hands. GPG's reputation was built on white-glove, in-house operations in retail and mixed-use, paired with a genuinely long-term investment horizon — at Highland Park Village alone, sales have grown from $500 to $3,000 per square foot since acquisition.

GPG invests with a principal-investor mindset: disciplined, long-term, and fundamentals-driven, often taking on complex transactions other firms shy away from. It's a rare combination — the ambition and institutional quality of a much larger platform, with the agility and culture of a private, family-stewarded company.

Position Summary:

The Associate will work side by side with GPG's VP of Development and Senior Director of Development on front-end feasibility underwriting for GPG's ground-up development and redevelopment pipeline — real, funded projects, not theoretical exercises. This is a rare level of direct access for an analyst-level seat: daily exposure to how a senior development leader actually evaluates a deal, with the chance to help shape the models and standards the broader team will use going forward.

As GPG's pipeline grows, so will this role — the Associate is expected to take on broader responsibilities over time, with a clear runway to grow alongside the platform.

Key Responsibilities:

FEASIBILITY & UNDERWRITING

• Build and update development pro formas within existing GPG templates for ground-up and redevelopment opportunities.
• Underwrite feasibility of new opportunities, including sensitivity analysis on cost, timing, and lease-up assumptions.
• Support due diligence for land acquisitions and construction financing.

MODELING & STANDARDS

• Work with development leadership to refine existing model templates, including building out new modules or functionality, and align them with evolving GPG standards.
• Maintain clean, organized models and files across active feasibility work.

SUPPORT & COORDINATION

• Support market research on demographics, competing developments, and leasing trends.
• Assist with ad hoc reporting and analysis as the development pipeline and team grow.

Qualifications & Experience:

• 1–3 years of experience underwriting real estate transactions
  
• Strong Excel modeling skills.
• Exposure to Argus Enterprise is a plus; we will train the right candidate
• Comfortable working closely with development leadership day to day, with the judgment to know when to flag issues versus resolve them independently.
• Strong written and verbal communication.
• Bachelor's degree in Real Estate, Finance, Economics, or related field.

Core Competencies:

• Financial modeling & analysis: builds and maintains development pro formas within GPG templates with accuracy and attention to detail.
• Adaptability: picks up new tools and processes quickly, including Argus Enterprise as needed.
• Ownership within scope: manages front-end feasibility work reliably while keeping development leadership informed.
• Communication: clearly summarizes underwriting findings for development leadership.

Benefits:

• Competitive base salary + annual performance-based bonus
• 100% Employer paid medical, dental, vision, and life insurance for employee
• Flexible Spending Accounts (FSA)
• 401(k) with a 6% company match
• 3 weeks of PTO per year, plus 5 sick days
• 12 company paid holidays

Our Values:

Gillon Property Group expects all employees and leaders within the firm to embody the following values. Stewardship is the lens through which GPG practices all five.

• INTEGRITY: We do what we say we’ll do. We uphold the highest ethical standards and make honest decisions grounded in long-term stewardship for future generations.
• EXCELLENCE: We share an obsession with delivering top-tier results, exceeding expectations through outstanding quality and disciplined focus over haste.
• HUMILITY: We lead by listening. We value diverse perspectives, acknowledge our limitations, and create a culture of mutual respect.
• INNOVATION: We challenge convention and embrace new ideas. With creativity, evolving practices, and modern technologies, we continuously improve how we invest, build, and operate.
• PASSION: We bring energy, accountability, and joy to our work. Our entrepreneurial spirit, love for our families, and sense of purpose shape a culture where people thrive.