Associate Developer

Job Type
Development/Grant Writing
Contact Name
Bill Mahaffy
Contact Email
Contact Phone

50 Milk Street, 16th Floor
Boston, MA
United States

Job Description

Pennrose is an industry leader in the development and management of Affordable Housing.  We are currently looking for an Associate Developer for our Development Office located in Boston, MA.

This position assumes exposure to and participation in all aspects of multi-faceted real estate development projects – both market-rate and affordable - from inception through construction completion and lease-up.  This individual is responsible for timely and accurate support to an in-house team of Developers, Senior Developers and Regional Vice Presidents.  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.

Duties & Responsibilities:

•    Financial modeling to determine the economic feasibility of a project
•    Drafting, editing, assembling, and finalizing - under the direction of the Team Leader - multiple, professional 
     RFPs and RFQs
•    Participation in building strong public private partnerships
•    Working with municipalities to ensure good communication
•    Preparation  of professional Powerpoint presentations for both large and small groups of financiers, 
     municipalities, and community constituents for the purpose of marketing Pennrose Properties to groups that 
     could be potentially skeptical and occasionally adverse
•    Timely follow-up of land-development approval process
•    Coordination of legal matters as directed by the Team Leader
•    Working knowledge of all site-control documentation, loan agreements, equity documents, and partnership 
•    Coordination of architectural and engineering matters under the direction of the Team Leader for proposed 
•    Creation of realistic project schedules
•    Development of realistic project budgets
•    Interfacing with contractors and other professionals to build proposed developments
•    In-depth involvement in coordinating the lease-up of completed developments with full flow of information 
     concerning limiting criteria

Required Education & Experience:

•    BA or BS in Finance, Real Estate, Business or related field is required
•    Master’s Degree or at least 3 years of work experience is required
•    Solid real-estate knowledge base
•    Strong analytical ability
•    Exceptional verbal and written communication skills
•    Expertise in composing on-message PowerPoint presentations 
•    Considerable inter-personal skills including the ability to establish and maintain effective working 
      relationships with others; being both responsive and thoughtful

                                                            For additional information, please visit our website at 

                                                                                Pennrose is an Equal Opportunity Employer
                                                                                                  EOE M/F/D/V



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