Real Estate Development Associate

Job Description

Company Overview

Jair Lynch Real Estate Partners (JL) is an innovative urban regeneration company dedicated to transforming urban markets into extraordinary spaces. We engage in real estate projects as both a developer/investor and as a trusted advisor and development manager for third-party clients. Our projects include multifamily residential spaces for sale or rental, as well as commercial and retail mixed-use developments.

Job Summary

The Real Estate Development Associate will play a vital role in supporting Senior Development Staff throughout the entire lifecycle of our real estate projects. This includes tasks from acquisition and feasibility assessments to design, entitlements, construction, delivery, stabilization, and project closeout. Candidates should possess a solid understanding of construction management and project delivery, enabling them to coordinate consultants, manage budgets, track schedules, and execute diverse construction projects within urban environments. This position acts as a key liaison between internal teams, contractors, public agencies, and capital partners to ensure projects are completed on time, within budget, and to the high quality standards associated with JL.

Key Responsibilities

• Assist with the daily management of ongoing development and construction projects, including coordination of general contractors, subcontractors, architects, engineers, and other consultants.
• Support the Development Manager in tracking construction progress, monitoring schedules and budgets, and ensuring quality work during all phases, from preconstruction to completion.
• Participate in Owner-Architect-Contractor (OAC) meetings, keep track of action items, and ensure quick resolution of RFIs, submittals, change orders, and other site-related issues.
• Assist in reviewing, negotiating, and managing construction contracts and consultant agreements, including GMPs, bids, and pay applications.
• Contribute to the implementation of project delivery strategies such as preconstruction planning, value engineering, and logistics planning, especially for constrained sites.
• Support the procurement and coordination of FF&E, building systems, and tenant improvements.
• Involve in coordinating dry utilities and new service installations with utility companies and jurisdictional agencies.
• Join site walks, inspections, and punch list development, leading up to final closeout activities.

Predevelopment, Design, & Entitlements

• Contribute to feasibility analysis, due diligence, and planning for acquisitions and developments, including a review of zoning, entitlements, and regulations.
• Assist in selecting and managing due diligence consultants and specialists for entitlements, architecture, engineering, and other services.
• Coordinate all design phases including schematic design through construction documents to ensure they align with program, budget, and schedule.
• Draft RFPs for various services and help evaluate proposals for consultant/team selection.
• Support the entitlement and permit processes through collaborative efforts with regulatory agencies.

Financial Management & Reporting

• Assist in maintaining and updating project pro formas as needed throughout predevelopment and construction, factoring in design changes and costs.
• Support the creation and review of project budgets, forecasts, cost reports, and monthly pay applications.
• Help prepare regular project status reports on financials, schedule, risks, and milestones for senior development staff and committees.
• Facilitate project-level financing activities, including the preparation of due diligence materials and closing documentation.

Documentation, Closeout, & Delivery

• Organize and maintain comprehensive project documentation, including contracts, change orders, certifications, and closeout materials.
• Assist in securing final approvals, occupancy permits, project turn over, and warranty administration.
• Support tenant occupancy activities, relocations, and stabilization efforts.

Qualifications

• Bachelor's degree in real estate development, construction management, engineering, architecture, finance, or a related field.
• A minimum of five (5) years of experience in real estate development or construction management, preferably from an owner’s side or developer-led projects.
• Demonstrated experience in supporting or managing construction phase execution, including budgets, schedules, and contractor management.
• Strong knowledge of construction practices, development sequencing, and project responsibilities for owners.
• Proficient in Microsoft Outlook, Word, Excel, PowerPoint, and Project or similar scheduling tools.
• LEED accreditation or familiarity with sustainable construction practices is a plus.

Knowledge & Skills Requirements

• Excellent organizational, analytical, and problem-solving capabilities, with the ability to juggle multiple tasks simultaneously.
• Meticulous attention to detail, especially in tracking costs, schedules, and managing documents.
• Capacity to work autonomously while fostering collaboration with senior teams, consultants, contractors, and public agencies.
• Exceptional written and verbal communication skills, with the ability to compose clear project updates and reports.
• Understanding of real estate finance and ability to update pro formas under guidance from senior staff.
• A professional demeanor and sound judgment to operate in a fast-paced and deadline-oriented environment.

Core Competencies

• Strong grasp of real estate development terminology and concepts, including architecture, engineering, regulatory, and construction.
• Intermediate project and schedule management skills.
• Exceptional writing and presentation skills.
• Proficient research skills, focusing on data organization and presentation.
• Effective time management and prioritization, demonstrating resourcefulness in problem-solving.
• Robust analytical and financial modeling skills, particularly with Microsoft Excel and development pro forma concepts.
• Strong communication skills, simplifying complex information clearly.
• Highly organized and detail-oriented, capable of managing various priorities under tight deadlines.
• Demonstrated initiative and the ability to work independently or collaboratively.
• Proficiency in Microsoft Office Suite; experience with financial modeling or mapping tools is an advantage.
• Commitment to professional growth and alignment with the mission and community impact of Jair Lynch Real Estate Partners.