Development Associate

Carmel Partners is a well-capitalized private real estate firm with expertise in the investment and development of multi-family real estate. Our mission is to build and enhance high-quality communities using innovative ideas and solutions that create value for our investors, residents, and associates.

We are committed to creating an inclusive and diverse team rooted in a culture of mutual respect. We know that our differences make us stronger as an organization and we embrace equal opportunity regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability, gender identity, or Veteran status.

As a Development Associate, you will be involved in all aspects of the development of new multifamily rental projects. This role is expected to operate with a high level of independence throughout a project’s execution and is responsible and accountable for bottom-line results.

Location: Seattle, WA

What you’ll do

• Responsible for managing all phases of multiple development projects which includes, but is not limited to:
  • Market analyses, including geographical and financial feasibility of real estate markets
  • Site identification and underwriting, including financial modeling and risk/reward pro forma analyses of new development opportunities
  • Site-specific due diligence, including, but not limited to contract negotiations, entitlement risk, environmental and geotechnical risk, soft cost and impact fee budgeting, product design and construction budgeting
  • Perform and coordinate and/or lead pre-development work such as preliminary architectural and zoning issues, local government and community support
  • Build, coordinate and lead internal team members and external consultants through conceptual design and entitlements leading to construction documents and project monitoring.
  • Coordinate with other Carmel departments including Construction, Finance, and Residential Services in order to successfully deliver projects
  • Attend work as scheduled to support the ongoing success of the company
  • Other duties, responsibilities, and special projects as assigned

 What you’ll bring

• Bachelor’s degree required, Graduate degree in Business, Finance or Real Estate related field preferred
• 3-5 years experience in the multifamily development industry
• Strong analytical skills and able to multitask in a constantly changing environment
• Strong verbal, written, and interpersonal communication skills
• Well-rounded functional background including finance, acquisitions, development, marketing, construction and management
• Experience in, and in-depth knowledge of, targeted local markets
• Strong knowledge of computers: Windows (Word, Excel, Outlook, PowerPoint) as well as the internet

Your Compensation & Benefits:
Your performance will be reviewed annually, and your compensation will be designed to motivate and reward the value that you provide. You'll receive a competitive salary, bonuses, and benefits.
Benefits play a key role in your choice of employer.  Our portfolio of health benefits, time off benefits, paid parental leave, and wellness programs and perks are designed to ensure that you are healthy and comfortable.

Hiring during Covid -19: Our recruiting and onboarding activities are virtual during the pandemic via Zoom and we've transitioned to a work-from-home environment until further notice.