Development Associate - Multi Family - RDU Corporate

Description

Northwood Ravin is consistently recognized for developing the top luxury apartment communities in the Southeast.  At Northwood Ravin, every member of our organization is united by a shared commitment to create the best-in-class residential experience.  Guided by our core values of creativity, integrity, and an all-in culture, we empower individuals to reach their fullest potential professionally and personally.  We cultivate a culture of excellence, innovation, and inclusivity by fostering strong collaborative relationships within our team.  Northwood Ravin is dedicated to delivering unparalleled service to the residents we house and the communities we create.

Primary Responsibilities:

As a Development Associate, you will support the full lifecycle of multi-family real estate projects, including site selection, market research, financial analysis, budgeting, and project execution. Responsibilities include coordinating with architects, engineers, contractors, and consultants while ensuring compliance with local, state, and federal regulations. The role involves underwriting deals, maintaining financial models, tracking project expenses, and assisting with securing financing. Collaboration with property management, asset management, and senior leadership is key to optimizing unit mix, design, and lease-up strategies. The role also includes hiring and supervising consultants, overseeing permitting and entitlements, and monitoring construction progress to ensure timely and cost-effective project completion.

As a Development Associate, your primary responsibilities include:

Project Coordination & Management

• Manage multiple assignments across various development projects, ensuring timely execution and alignment with strategic goals.
• Communicate shifting priorities with development partners and project teams to maintain efficiency.
• Foster collaboration between internal and external teams, including design, construction, and property management.
• Track and maintain all assigned project information, ensuring seamless coordination across departments.
• Conduct site visits, framing walks, and general construction inspections.

Market Research & Site Selection

• Conduct market research and analyze demographic data to assess project feasibility.
• Assist in site selection and acquisition efforts, performing due diligence and coordinating third-party reports (environmental studies, appraisals, geotechnical surveys).
• Participate in development meetings to discuss specifications, contract negotiations, and construction coordination.

Financial Analysis & Budgeting

• Update financial models (pro-formas) to evaluate investment returns and project viability.
• Underwrite projects based on investment parameters, ensuring accuracy in structuring, funding, cost estimates, and projections.
• Monitor project budgets, track expenses, and support cost-control measures.
• Assist in securing financing through debt and equity underwriting and investor presentations.

Permitting, Entitlements & Compliance

• Support entitlement and permitting processes, ensuring compliance with local zoning and regulatory requirements.
• Lead due diligence efforts, coordinating planning, design, approvals, and permit processing.
• Ensure all project design elements comply with local, state, and federal building codes.
• Oversee strict compliance with company standards, health and safety regulations, and applicable laws.

Construction & Development Oversight

• Assist in tracking construction directives, processing RFIs, monitoring milestones, and resolving project-related issues.
• Manage the construction draw process, track hard and soft cost change orders, and oversee project budgets.
• Review consultant agreements.

Stakeholder & Consultant Coordination

• Identify, hire, and supervise consultants (architects, engineers, attorneys, and specialty consultants), negotiating contracts and agreements.
• Partner with property management and asset management teams to determine marketing, and lease-up strategies.
• Coordinate senior management approvals for site plans, elevations, floor plans, interior design, and landscaping.
• Prepare presentations and reports for internal teams, investors, and municipal agencies.

What you bring to the role:

• Bachelor’s or Master’s degree in Architecture, Engineering, Real Estate, Finance, Business, Urban Planning preferred.
• Experience: 3 years in real estate development, finance, or a related industry (multi-family experience preferred).
• 2-5 years of previous development experience
• Strong financial modeling proficiency (Excel, ARGUS, and project management software).
• Ability to analyze complex business transactions and investment strategies.
• Understanding of real estate investment, development, and construction fundamentals.
• Ability to read and interpret design and construction documents.
• Ability to manage multiple projects, resources, and shifting priorities.
• Strong organizational, planning, and prioritization skills.
• Experience with research, reporting, and data presentation.
• Excellent verbal and written communication skills, with confidence in interacting with senior management and stakeholders.
• Problem-solving mindset, ability to make sound judgments, and adapt to business challenges.
• Team player with the ability to work independently with minimal oversight.
• Strategic thinker who aligns business goals with execution.
• Microsoft Office Suite (Excel, Word, Outlook, PowerPoint, Project).
• Willingness to travel for meetings with clients, stakeholders, consultants, contractors, and government authorities.

What our culture brings to you:

When you join Northwood Ravin, you are not just taking a job but becoming part of a community that values your well-being and professional growth. Our team members are at the heart of our success, and we are committed to supporting and growing you.

In addition to our award-winning culture, we offer a comprehensive benefits package focused on career growth, health and wellness, retirement, and family support so you can thrive professionally and personally.

• Competitive compensation along with various monthly bonus incentives
• Housing discounts
• Extensive training programs
• Health and wellness benefits including medical, free dental, vision, and basic life benefit
• Paid leave plans via Paid Time Off, Sick Time, holidays and Partner Leave
• Retirement planning with a 401(k) program and company match
• Give back days allowing you time away from work to volunteer and pursue personal interests
• Employee Referral Program
• Tenure is rewarded so stay in the nest!  Your PTO accrual rate will increase, benefit premiums will decrease, 401(k) matches increase, additional give back days are added and you will receive a special gift at each tenure milestone!

Northwood Ravin is an equal opportunity employer

Qualifications