Associate Developer

Pennrose is hiring an Associate Developer to support multi-faceted real estate development projects from inception through construction completion and lease-up. This onsite role in Boston, MA offers exposure across market-rate and affordable development, with timely, accurate support to internal developers while collaborating with external financiers, architects, designers, engineers, and contractors.

What you’ll do

As an Associate Developer, you will help move projects forward across multiple workstreams and development stages. The position includes follow-up responsibilities, coordination across partners, and preparation of materials that support approvals, financing, and lease-up.

• Build financial models to determine project economic feasibility
• Draft, edit, assemble, and finalize RFPs and RFQs under the direction of the Team Leader
• Support public-private partnership development and maintain strong communication with municipalities
• Prepare PowerPoint presentations for financiers, municipalities, and community constituents, including groups that may be skeptical or adverse
• Provide timely follow-up on land-development approvals
• Coordinate legal matters as directed by the Team Leader
• Maintain working knowledge of site-control documentation, loan agreements, equity documents, and partnership agreements
• Coordinate architectural and engineering items under the Team Leader’s direction
• Create realistic project schedules and project budgets
• Interface with contractors and other professionals to support proposed developments
• Participate in lease-up coordination for completed developments, ensuring full flow of information on limiting criteria
• Maintain calendars, schedule development meetings, and coordinate meeting logistics
• Comply with all provisions of the Pennrose Properties personnel policies

Exposure and impact

• Support an in-house team of Developers, Senior Developers, and Regional Vice Presidents
• Work with external financing, design, engineering, and construction partners across projects running in parallel
• Handle timely follow-up across assigned development items while balancing multiple projects at varying stages

What you bring

• BA or BS in Finance, Real Estate, Business, or a related field (required)
• Master’s degree or at least 3 years of work experience (required)
• Solid real-estate knowledge and strong analytical ability
• Exceptional verbal and written communication, including composing on-message PowerPoint presentations
• Considerable interpersonal skills, including responsiveness and thoughtfulness to build effective working relationships
• Discretion handling confidential information
• Demonstrated organization, with ability to set priorities with the development team
• Ability to work independently and under pressure with sound judgment
• Understanding of project proformas for market-rate and public housing developments
• Experience filing applications requesting Low Income Housing Tax Credits, Federal Home Loan Bank Affordable Housing Program funds, and soft resources
• Proficiency in Outlook and Microsoft Office including Word and Excel
• Accuracy and speed, with attention to detail
• Strong work ethic, maturity, good judgment, and professionalism
• Requires a valid driver’s license, an insured vehicle, and ability to travel (between properties, on-call emergencies, training, etc.)

Schedule and working conditions

• Ability to work periodic flexible hours
• Ability to travel by plane and automobile
• Ability to work at property locations within or near transitional neighborhoods (with support of PMC)
• Ability to climb stairs, take elevators, bend, squat, and reach overhead

Compensation: USD 80,000 to 90,000 per year.