What are the responsibilities and job description for the Real Estate Development Co-Op - Summer 2025 position at Merus?
REAL ESTATE DEVELOPMENT CO-OP
Why Merus?
Formerly known as Al. Neyer, Merus combines more than 130 years of commercial real estate expertise with an integrated team of company owners. We specialize in the construction, development, ownership, and management of a diverse portfolio of real estate assets across a growing footprint in the eastern U.S.
We’re all owners here. This not only sets us apart but deeply influences our culture and operations. Every team member demonstrates a deeper sense of ownership and accountability — in both their daily tasks and the collective success of the organization. Learn more about our culture at www.merus1894.com.
Summary of Responsibilities
As a co-op at Merus, you’ll apply what you’ve learned in the classroom through your teachings and coursework and apply it directly in a work environment. By the end of semester, with the hands-on experience you’ve acquired, you’ll be able to take those new learnings and harness them back into the classroom. Co-ops work directly along with the business units to help deliver and execute work results that our organization, clients, investors and fellow colleagues can be proud of.
Essential Job Functions
- Assist the Real Estate Development team with the due diligence process (soils, Phase I, environmental surveys, title etc.), compile supporting information to help prepare budgets for feasibility/pro-forma analysis for selected sites
- Investigate current zoning regulations for selected sites and coordinate procedures for rezoning as needed
- Assist the Real Estate Development team with coordination of site plan/government approvals for signed developments; assist with preparing presentations to government bodies as needed
- Help prepare pre-development budgets, track expenses, and clarify variances for management
- Support the preparation of financial model(s) using company standards and project specific inputs, working with multiple internal and external sources
- Arrange project summary, feasibility analysis, market data and other required information to support internal approval by Investment Committee at pre-defined milestones
- Review monthly reporting to lenders and investors for on-going development projects
- Assist with updating and developing market materials and plans for site specific projects
- Other assignments, as needed
Position Requirements
- Pursuing a Bachelor’s Degree in Real Estate Development
- Candidates must be proficient in Microsoft Office 365.
What traits are we looking for in our Co-ops? Students who are:
- Eager to apply knowledge and teachings learned in the classroom and employ it to a working environment
- Able to maintain ownership on various tasks and responsibilities
- Enthusiastic to dig the details
- Capable of cultivating positive working relationships through trust and integrity
- Able to uphold and provide superior service to both teammates and customers
- Resilient work ethic, but with an ability to stop and celebrate the wins
- Effective communicators and listeners
- Capable of prioritizing tasks and responsibilities to successfully deliver results in a timely manner
- Able to operate and flourish in a fast-paced environment
Safety Hazard of the Job
Normal safety hazards associated with office work, and with occasional observational visits to construction sites.
Physical Demands
The moderate physical effort required to sit, bend, stoop, lift, walk and climb. Maximum unassisted lift is 70 lbs. Average lift is less than 10 lbs. Requires ability to use a keyboard and monitor. Also requires the ability to communicate verbally, both in person and on the telephone. May require some travel by car/truck.
Environmental Requirements
Moderate to extreme outdoor conditions. Above average noise levels. Protective equipment is required. Average inside office environment. Average office noise levels.
No personal protective equipment is required. Ambient temperature is between 68F and 76F.
This job description is not intended to be all-inclusive. The employee will also perform other reasonably related business duties as assigned by their immediate supervisor and other management as required. This job description is not a contract or offer for employment, and either you or Merus may terminate employment at any time for any reason.
