Real Estate Development Associate

Real Estate Development Associate

Development Associate - On Site at the Corporate Office, San Diego, CA

Founded in 1975, CONAM Management operates in 10 states, across 26 key metropolitan markets, supporting over 60,000 apartment units of both affordable and conventional housing. Our growing team of over 1,700 associates is dedicated to maintaining and enhancing the quality of life for our residents. At CONAM, we foster a collaborative, team-oriented culture where our associates thrive and are valued for their expertise and commitment.

We are looking for an energetic, forward thinking, resourceful candidate. The Development Associate will provide support to the Development team in analyzing new development opportunities, providing cost/financial analyses on new and ongoing developments, managing project budgets, administering contracts, performing market research, compiling project data, and maintaining/updating analytical tools. This role offers exposure to the full lifecycle of multifamily development, working closely with senior leadership from acquisition through project delivery.

The Development Associate position works out of our San Diego Corporate Office five days a week. The candidate must be local to San Diego. This is a Full-Time Position | Salary Range: $105,000-$120,000

Key Responsibilities

Acquisitions & New Development

• Support EVP of Development in identifying, evaluating, underwriting, and recommending new development opportunities.
• Communicate with brokers and other points of contact regarding opportunities.
• Compile data including financial, market, demographic, site, federal, and state regulatory data.
• Research and analyze a variety of sources such as general plans, ordinances, court decisions, legal documents, and articles for use in determining highest and best use of multifamily development projects.

Financial Analysis & Underwriting

• Support and perform project underwriting responsibilities including financial analysis, market research, and due diligence.
• Monitor market and submarket fundamentals including supply and demand fundamentals, lease comps, and sales comps.
• Prepare forecasts for new and existing projects.
• Develop and maintain proformas, analytical tools, and data management processes.

Project Execution & Management

• Actively participate in, and lead as needed, project meetings and activities.
• Prepare, maintain, and report budgets, schedules, and other KPI metrics.
• Organize consultant procurement and administer contracts.
• Prepare meeting agendas and issue meeting minutes as necessary.
• Compile and analyze key project data to support development execution.
• Develop forecasts, dashboards, reports, and presentations.
• Order and summarize third party reports.
• Collect and disseminate due diligence information.
• Provide capital projections, and reporting for the development team.
• Assist in coordinating the development team, accounting, and capital partners.

Reporting & Communication

• Communicate in a professional, thorough manner. Within the development department and to senior company management, and with third-party capital investors, brokers, property managers, industry consultants, and third parties.
• Prepare clear, professional, and visually compelling materials as needed.

All other duties as assigned.

Requirements of the Position

• Bachelor's degree required. Master's degree preferred.
• Focus in real estate, finance, economics, or related field.
• Foundational knowledge of real estate development, construction, or related disciplines.
• Strong financial modeling, including development proformas and sensitivity analysis.
• Experience underwriting multifamily or mixed-use development projects preferred.
• Advanced proficiency in Excel; proficiency in Microsoft Office (Outlook, Word, Excel, PowerPoint) required. Experience with additional project management and analysis software preferred.
• Working experience with contracts, including consultant agreements, AIA document forms, contractor agreements, and construction payment applications is preferred.
• Strong interpersonal skills and the ability to build relationships with stakeholders, including senior staff, associates, investors, clients and external partners/vendors.
• Strong written and verbal communication skills, including investor-facing materials.
• Ability to manage multiple projects concurrently in a fast-paced environment.

CONAM Management Corporation is more than just a job it's a career where you can grow and be recognized for your expertise in Property Management. We offer competitive pay, and a comprehensive benefits package, that make working at CONAM even more rewarding.

Our benefits include:

• Medical, dental, and vision insurance
• Pet insurance
• Life insurance and identity theft protection
• Paid sick and vacation time
• 401(k) plan with company match
• Flexible Spending Accounts (FSAs)
• Employee Assistance Program (EAP)
• Additional perks: Service award days, floating holiday, early earned wage access, and more

At CONAM, we pride ourselves on our culture of excellence and commitment to fostering an inclusive, diverse, and supportive work environment.

This position is contingent upon passing a background check, employment verification, and drug screening. CONAM will consider qualified applicants with criminal histories in a manner consistent with the requirements of the law. We are an Equal Opportunity Employer and encourage all qualified candidates to apply.