Associate Developer
Pennrose
Assist in all phases of real estate development, handling finance, coordination, and communication.
3 days ago ago
$80,000 - $90,000
Intermediate (4-7 years), Junior (1-3 years)
Full Time
Boston, MA
Hybrid
Company Size
500 Employees
Service Specialisms
Real Estate Development
Residential Property Management
Multifamily Development
Mixed‑Use Development
Mixed‑Income Development
Property Management Services
Operations
Maintenance/Facilities Management
Sector Specialisms
Multifamily
Mixed-use
Mixed-income
Affordable Housing
Market Rate Housing
Supportive-rich Affordable Housing
Residential
Property Management
Role
What you would be doing
financial modeling
project scheduling
budget development
municipal coordination
contractor liaison
rfp management
- Timely follow-up of land-development approval process
- Complying with all provisions of the Pennrose Properties personnel policies
- Preparation of professional
- Financial modeling to determine the economic feasibility of a project
- Maintenance of calendars
- Scheduling and coordinating the logistics for all development meetings
- Creation of realistic project schedules
- Organized and systematic management of project development checklists, scheduled (
- Working with municipalities to ensure good communication
- Development of realistic project budgets
- Interfacing with contractors and other professionals to build proposed developments
- Coordination of legal matters as directed by the Team Leader
- Coordination of architectural and engineering matters under the direction of the Team Leader for proposed developments
- In-depth involvement in coordinating the lease-up of completed developments with full flow of information concerning limiting criteria
- Drafting, editing, assembling, and finalizing - under the direction of the Team Leader - multiple, professional RFPs and RFQs
What you bring
powerpoint
excel
outlook
bs finance
driver's license
financial skills
- Strong analytical ability
- Demonstrated ability to work under pressure exercising sound judgment, prioritizing demands and responding with composure to a fast-paced environment with high-energy leadership
- Discretion in handling confidential information
- Demonstrated understanding of project
- Requires a valid driver's license, an insured vehicle, and the ability to travel (between properties, on-call emergencies, training, etc.)
- Exceptional verbal and writte
- Expertise in composing on-message PowerPoint presentationsÂ
- Proficiency in Outlook, Microsoft Office including Word and Excel
- Maturity, good judgment and professionalism
- Ability to work at property locations within or near transitional neighborhoods – again with the support of PMC.
- Experience in filing applications requesting Low Income Housing Tax Credits, Federal Home Loan Bank Affordable Housing Program funds and soft resources
- Ability to work periodic flexible hours is required. Ability to travel by plane and automobile is required.
- Solid real-estate knowledge base
- Demonstrated organizational skills, including the ability to set priorities in concert with the development teamÂ
- BA or BS in Finance, Real Estate, Business or related field is required
- Considerable inter-personal skills including the ability to establish and maintain effective working relationships with others; being both responsive and thoughtful
- Ability to work independently
- Strong work ethic and exceptionally high work standards
- This individual will gain exposure to external team of financiers, architects, designers, engineers and contractors. Most follow up will be their responsibility. Each Associate Developer simultaneously participates in multiple projects in varying stages of development. This position demands strong financial skills, meticulous accuracy in all work and effective written and oral communication.
- Demonstrated financial skills through the production of budgets and
- Accuracy – with an attention to detail - and speed in task execution
- Demonstrated punctuality and respect for other's time
- Ability to climb stairs, take elevators, bend, squat and reach
- Master's Degree or at least 3 years of work experience is required
- Working knowledge of all site-control documentation, loan agreements, equity documents, and partnership agreements
- Work product including components of RFPs submissions, 8609 submissions, NPDS, funding applications, draw down packages and other project related documents is prepared with high level of accuracy, attention to detail and delivered on a timely basis.Â
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Training + DevelopmentInformation not given or found
Interview process
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Company
Overview
Over 12,000 Units
Developed Housing Units
Spread across the United States, covering both large-scale and complex projects.
- key player in the development of residential and mixed-use communities
- focus on revitalizing urban neighborhoods with high-quality, affordable housing
- strategic partnerships with local governments and non-profits to ensure community involvement
- recent projects include multi-family complexes, mixed-use developments, and adaptive reuse of historic buildings
- recognized leader in affordable housing with innovative, community-focused designs
- commitment to sustainability and delivering exceptional value to real estate development
- Integrity: We act with honor, honesty, and fairness and we hold ourselves to the highest ethical standards.
- Collaboration: We support each other internally and externally to achieve our collective goals.
- Accountability: We are responsible and take responsible action. We say what we mean, we do what we say.
- Results Oriented: We take pride in achieving exceptional outcomes.
60% energy reduction
Energy Efficiency
New units use up to 60% less energy than comparable code-built homes, as per LEED for Homes data.
34 solar projects
Renewable Energy Initiative
Solar projects have been installed at 34 properties, showcasing a commitment to clean energy.
70% water reduction
Water Conservation Success
Partnership with the ION platform has reduced water consumption and bills by up to 70% across the portfolio.
- Many developments exceed LEED Silver, including achieving passive house certification.
- Water use optimized: Wi-Fi metering enabled leak detection (example: 200 gal/hr leak stopped at a senior property)
- Conducts sustainable development in an environmentally conscious manner; integrates green building standards from the start.
- New unit energy predicted to use 30–60% less energy than comparable code-built homes (LEED for Homes data).
- Partnered with ION platform to reduce water consumption and bills by up to 70% across portfolio.
- Neston Heights Senior project achieved LEED Silver with water-savings features (e.g., EPA Watersense toilets) and sustainable landscaping.
2022 Strategic Focus
DEI in Strategic Plan
Diversity, Equity, and Inclusion (DEI) is a primary focus area in the strategic plan announced in January 2022.
- Stated commitment to hiring diverse talent and ensuring team members, residents and partners are treated with respect.
- Charitable giving and volunteer coordination via Pennrose Foundation in local communities.
- Gender data not publicly disclosed.
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