Development Associate

Real Estate Development Associate

Location: Austin, TX

Compensation: $90,000 – $120,000 base salary (commensurate with experience)

Focus: Multifamily & Mixed-Use Development

Employment Type: Full-Time

About the Role

Our client is seeking a motivated and detail-oriented Real Estate Development Associate to join our growing team in Central Austin. This role will support all aspects of the development process for multifamily and mixed-use projects—from site evaluation and acquisition through design, financing, construction, and lease-up.

Key Responsibilities

Project Evaluation & Acquisition

• Assist in sourcing, underwriting, and evaluating potential development opportunities.
• Conduct detailed financial modeling, market research, and feasibility analyses.
• Support due diligence efforts, including coordination with consultants, review of third-party reports, and analysis of zoning/entitlement constraints.

Design & Entitlement

• Collaborate with architects, engineers, and city officials during design, planning, and entitlement processes.
• Manage schedules, track deliverables, and prepare materials for internal and external presentations.

Financing & Investment Management

• Support the preparation of investment memoranda, lender packages, and capital requests.
• Assist with maintaining project budgets, pro formas, and reporting for equity partners and lenders.

Construction Oversight

• Work closely with construction and project management teams to track progress, change orders, and cost updates.
• Attend site visits and help ensure projects remain on schedule and within budget.

Lease-Up & Operations

• Coordinate with property management and marketing teams leading up to and during initial lease-up.
• Monitor project performance and support asset stabilization.

Qualifications

• Bachelor’s degree in Real Estate, Finance, Business, Urban Planning, Architecture, or related field.
• 3+ years of experience in real estate development, acquisitions, or related disciplines (multifamily experience preferred).
• Strong financial modeling skills.
• Excellent written and verbal communication skills.