ABOUT GREYSTAR
Greystar is a leading, fully integrated global real estate platform offering expertise in property management, investment management, development, and construction services in institutional-quality rental housing. Headquartered in Charleston, South Carolina, Greystar manages and operates over $350 billion of real estate in more than 260 markets globally with offices throughout North America, Europe, South America, and the Asia-Pacific region. Greystar is the largest operator of apartments in the United States, managing over one million units/beds globally. Across its platforms, Greystar has nearly $79 billion of assets under management, including over $34 billion of development assets and over $36.5 billion of regulatory assets under management. Greystar was founded by Bob Faith in 1993 to become a provider of world-class service in the rental residential real estate business. To learn more, visit www.greystar.com.
JOB DESCRIPTION SUMMARY
The Development Associate supports the execution of the Company’s development platform by supporting the capitalisation and delivery of existing developments throughout the development cycle. In addition, you will perform financial analyses of development opportunities and prepare appropriate information and documents to facilitate the underwriting and closing of real estate transactions.JOB DESCRIPTION
Key Role Responsibilities
- Assists with all aspects of the Development process, from acquisition to planning, development, construction, leasing and asset management, including financial analysis.
- Supports in monitoring, tracking and reporting on the status of the development budget and programme, working closely with the construction, operations and finance teams and participating in planning and design team meetings.
- Prepares high quality monthly and quarterly reports and presentations for investors and senior business stakeholders.
- Supports the technical due diligence underwriting (financial modeling) process.
- Manages external consultants to progress co-ordinated designs, on programme and within budget.
- Maintains ongoing communications within the development team, and others affiliated with the project to provide periodic updates on the progress against schedule (programme) and budgets, resolves issues that may compromise the project delivery schedule or costs, and responds quickly and with urgency to questions, concerns, and requests for information.
- Works closely with operations to finalise operating budgets and relevant development assumptions in financial model, amenity space plans and unit plans.
- Works closely with Operations and Estates Managers to accept units from construction (including phased handover), ensuring a smooth transition and that all aspects of the project adhere to Company development standards, templates and quality levels.
- Develops and maintains relationships with local project management firms, construction companies, local authorities as well as related bodies and other key technical stakeholders, and appropriately manages on-going communications related to the technical side of the proposed development projects.
- Completes various human resources, financial, administrative, and other reports and analysis, and performs other duties as assigned or as necessary.
Knowledge & Qualifications
- Member or working towards membership of the RICS (desirable).
- Educated to degree level or equivalent (2:1 and above) in a related business or analytical subject; such as finance, business management, real estate, economics etc.
- Working knowledge of building regulations, technical building specifications, planning application processes and construction processes for London.
- Knowledge of multifamily (build to rent), student or related industry developments (desirable).
- IT literate and fully conversant with all Microsoft packages including PowerPoint (Advanced level) and Excel (Advanced level).
Experience & Skills
- Development and project management experience on residential/mixed use schemes.
- Experience or exposure to large scale phased development projects (desirable).
- Experience of securing planning consent and pre-construction phases of development (desirable).
- Knowledge of construction contracts (particularly JCT) and experience of managing client actions.
- Strong written and verbal communication skills; including the ability to effectively analyse, write and present reports, information and recommendations.
- Good organisation skills and the ability to work effectively under pressure and to deadlines.
- Excellent interpersonal skills including the ability to establish and maintain positive relationships, communicate with tact and diplomacy, and influence with impact at all levels.
- Ability to build, lead, manage and motivate project teams in the delivery of significant programmes including supervision and monitoring of works provided by (technical) consultants, negotiate, manage and monitor construction/technical related agreements.
- Strong numeracy skills; including the ability to manage and maintain accurate cash flow information and to complete financial records, budgets, and other fiscal reporting information.
- A positive team player, with an adaptable and flexible approach along with ability to work collaboratively to drive results and support the wider team and business objectives.
Important Notice: Greystar will never request your banking details or other sensitive personal information during the interview process. Greystar does not conduct any interviews via text or messaging, and all communication will come from official Greystar email addresses (@greystar.com). If you receive suspicious requests, please report them immediately to [email protected].
Skills Required
- Degree-level education or equivalent, preferably with a 2:1 or above, in finance, business management, real estate, economics, or a related analytical subject
- Working knowledge of London building regulations, technical building specifications, planning application processes, and construction processes
- Advanced proficiency with Microsoft PowerPoint and Microsoft Excel
- Development and project management experience on residential or mixed-use schemes
- Knowledge of construction contracts, particularly JCT contracts, and experience managing client actions
- Strong written and verbal communication skills, including analyzing, writing, and presenting reports and recommendations
- Strong organizational skills and ability to work under pressure and meet deadlines
- Excellent interpersonal, relationship-building, communication, influencing, negotiation, and diplomacy skills
- Ability to build, lead, manage, and motivate project teams and supervise technical consultants
- Ability to manage and monitor construction and technical-related agreements
- Strong numeracy skills, including maintaining cash flow information, financial records, budgets, and fiscal reports
- Collaborative, adaptable, flexible, and team-oriented approach
- Membership of, or progress toward membership of, RICS
- Knowledge of multifamily, build-to-rent, student, or related industry developments
- Experience with large-scale phased development projects
- Experience securing planning consent and working through pre-construction development phases
Greystar Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Greystar and has not been reviewed or approved by Greystar.
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Leave & Time Off Breadth — Paid time off is notably generous, starting around three weeks and expanding with tenure, alongside a six‑week paid sabbatical after 10 years. Holidays and personal time add further flexibility for balance.
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Healthcare Strength — Medical coverage is a standout, including options with company‑paid or free employee‑only premiums and 100% covered in‑network preventive care. Virtual care access and mental health support broaden the offering.
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Retirement Support — The 401(k) program includes an employer match described as higher than most in the industry. Retirement benefits are positioned as a core part of the total rewards package.
Greystar Insights
What We Do
Founded in 1993, Greystar provides world-class service in the residential rental housing industry. Our innovative vertically integrated business model integrates the management, development and investment disciplines of the rental housing industry on international, regional and local levels. This unique approach and our commitment to hiring the best professionals have resulted in record growth, making us one of the most respected and trusted global real estate companies. Because our vertically integrated business model includes both investment and service-oriented businesses, we’re able to maintain a constant presence in local markets and create value in all phases of the real estate cycle. Our international platform provides economies of scale, financial sophistication, institutional quality reporting and tremendous capital relationships, while our city offices provide local market expertise and execution. Supported by a global team of 28,000+ employees, Greystar’s experienced and cross-functional executive team boasts on average over 23 years of industry experience and provides a diverse perspective throughout the investment process. Over the years, Greystar has learned what’s important to people when it comes to a place to call home. That’s why we continually strive to provide beautiful living environments and innovative services that enhance the living experience. We take great pride in knowing that our homes are inviting places for residents to celebrate life’s important moments. Privacy Policy: https://www.greystar.com/privacy DMCA: https://www.greystar.com/terms-of-use#Copyright%20Infringement%20Policy
