Development Associate-Multifamily
1 week ago
Quarterra is a real estate investment and development company shaping the future of rental living through thoughtfully designed multifamily and single-family communities across the United States. We combine national scale with local expertise to deliver purpose-built, high-quality homes in the nation's most dynamic, high-growth markets. A key driver of our strategy is the continued growth of our Emblem portfolio, a collection of attainably priced communities that integrate efficient design, modern amenities, and strong investment fundamentals. These communities are strategically positioned to meet the evolving needs of today's renters while advancing Quarterra's vision for sustainable, resilient, and diversified housing solutions. At Quarterra, you'll join a collaborative, values-driven culture built on quality, integrity, communication, and teamwork. Bold ideas are encouraged, growth is prioritized, and every contribution helps shape the future of residential living. This is a place to build a meaningful career and make a lasting impact.
Summary of Position:
The Development Associate supports the Development Team in all aspects of the real estate development process. This includes financial analysis, entitlements, government approvals, consultant coordination, public relations, design, leasing and marketing, and construction oversight. The ideal candidate is detail-oriented, analytical, and eager to grow within a dynamic and fast-paced environment.
Principal Duties and Responsibilities:
- Perform financial analysis and due diligence for new development opportunities, assisting in underwriting and cash flow analysis, and responding to Requests for Qualifications or Proposals.
- Research and analyze benchmark economic activity in target markets by tracking rents, sales per square foot, operating costs, competitive supply and economic expansion activity.
- Assist in preparing business plans, including deal memorandums, annual operating plans, financial forecasts and strategic plans.
- Assist in coordinating loan draws, forecasting project budgets and cash flows, and managing project deliverables.
- Effectively communicate relevant project information to senior project team members and other Associates.
- Maintain market data and establish target market databases to include existing apartment communities, rental comparisons, comparable land sales, demographic data, and new development data.
- Assist in meeting coordination/scheduling, documenting meeting minutes, and file organization as directed.
- Bachelor's Degree in Real Estate, Finance, Business Administration, Economics, or related field required.
- 1-2 years of relevant internship or professional experience preferred.
- Strong quantitative, financial modeling, and Microsoft Excel skills; proficiency in Word and PowerPoint required.
- Excellent written, verbal, and project management skills with the ability to manage multiple priorities and deadlines.
Physical Requirements:
This is primarily a sedentary office position which requires the Development Associate to have the ability to operate computer equipment, speak, hear, bend, stoop, reach, lift, and move and carry up to 25 lbs. Finger dexterity is necessary.
This description outlines the basic responsibilities and requirements for the position noted. This is not a comprehensive listing of all job duties of the Development Associate. Duties, responsibilities and activities may change at any time with or without notice.
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