Carmel Partners, one of the nation’s leading specialists in real estate investment management, with expertise in investment, development and construction of multifamily real estate, is seeking an Associate, Development Execution and Capital Projects, in our Santa Monica office.
The Development Associate supports the execution of multifamily development projects in the Southern California market. Working across internal departments and external project teams, this role manages schedules, budgets, design deliverables, permitting and project reporting. The Associate is expected to operate with a high level of independence, proactively resolve issues and contribute to the on-time, on-budget delivery and financial performance of multiple projects.
A place for you
Here at Carmel, we don’t just invest in real estate; we invest in careers. If you don’t meet all the qualifications listed for this role, we encourage you to monitor our career page for upcoming opportunities. Research shows that women and individuals from underrepresented groups often hesitate to apply for roles unless they meet every qualification.
We’re committed to assembling diverse teams with exceptional talent, and we strongly encourage individuals from a wide range of backgrounds to apply. Everyone’s career journey is unique, so let’s explore how you could be a great fit for our team!
What you’ll do
- Build, maintain and monitor development schedules, milestones and consultant deliverables across construction, architecture, engineering and other design disciplines.
- Manage and update development pro formas, including project budgets, schedules, timing, and market and underwriting assumptions; identify and communicate material changes and risks.
- Track project costs against budget, including contracts, change orders and pay applications; prepare monthly development reports, project status updates and variance analyses for internal stakeholders.
- Coordinate Owner/Architect/Contractor (OAC) meetings, particularly prior to construction start, including scheduling, driving agendas, overseeing meeting minutes, action items and follow-up.
- Participate in identifying, evaluating and selecting external consultants; manage soft cost contracts and monitor consultant deliverables.
- Coordinate permitting and entitlement requirements, submissions and approvals with consultants and relevant agencies.
- Support design coordination and resolution of project issues across consultants, construction and other stakeholders to keep projects aligned with scope, schedule and budget.
- Partner with internal teams (Construction, Asset Management, Capital Finance, Marketing, Business Technology, Accounting, Property Management and Residential Services) and third-party partners to support project design, execution and delivery.
- Coordinate project branding, marketing and pre-opening efforts with internal teams and external partners.
- Attend work as scheduled and visit project sites as needed to support the ongoing success of the company.
- Perform other duties, responsibilities and special projects as assigned.
Who you are
- Deep intellectual curiosity and the desire to apply excellent technical skills to drive value and shape investment strategy
- Excellent organization and time management skills – able to manage and execute multiple quantitative projects simultaneously
- Values relationships – thrives in a collaborative team setting as well as working independently
- Demonstrates impeccable integrity and dependable judgement
What you’ll bring
- Bachelor’s degree required; graduate degree in Business, Finance, Real Estate, Architecture or a related field preferred.
- 3+ years of experience in the multifamily development industry, including coordinating multiple projects, consultants, schedules, budgets and deliverables in a fast-paced environment.
- Strong analytical and writing skills, including experience with development pro formas, budgets and financial reporting.
- Working knowledge of design, construction, permitting and entitlement processes; knowledge of Southern California markets preferred.
- Excellent written, verbal and interpersonal communication skills, with strong organizational skills and attention to detail.
- Demonstrated ability to negotiate, influence and build productive relationships with internal and external stakeholders.
- Ability to multitask in a constantly changing environment, exercise sound judgment and solve problems independently.
- High proficiency in Microsoft Excel, Word, Outlook and PowerPoint.
- Willingness to adopt emerging AI tools and technology to enhance analysis, streamline workflows and improve productivity.
- Ability to travel as needed, including to project sites and other Carmel offices.
Compensation and Benefits
Compensation and benefits play a key role in your choice of employer, and our goal is to invest in you and your experience here. You’ll find competitive compensation and a comprehensive benefits package at Carmel.
Base compensation ranges from $145K to $155K. Total compensation for this role also includes a bonus incentive in addition to the base salary. Compensation will be commensurate with experience, qualifications and skills. The Company reserves the right to ultimately pay more or less than the posted range and to offer additional benefits and other compensation, depending on circumstances unrelated to an applicant’s sex or other protected status under local, state or federal law.
Choose Carmel
At Carmel Partners, our mission is to create exceptional multifamily communities that enrich lives and neighborhoods.
Founded in 1996, Carmel is one of the nation’s leading specialists in real estate investment management, focusing on U.S. multifamily development and construction, renovation and debt investments. Through its vertically integrated platform, Carmel seeks to achieve superior risk-adjusted returns across market cycles by investing in relatively supply-constrained, high-barrier-to-entry markets in the United States.
Visa Sponsorship: Carmel Partners is currently unable to sponsor or assume sponsorship of an employment visa for this role. We require that applicants be authorized to work in the U.S.A.
Inclusion Statement
We are committed to equitable hiring and promotion practices. We lead with integrity and believe in building a diverse and inclusive workplace, rooted in a culture of mutual respect. By welcoming varied backgrounds, perspectives and ideas, we cultivate engagement and a sense of belonging that creates community within, so Carmel can build communities that thrive.
Carmel Partners is an Equal Opportunity Employer, committed to providing employees with a work environment free of discrimination and harassment. Employment decisions are based on business needs, job requirements and individual qualifications without regard to race, color, religion or belief, gender, gender identity, gender expression, sexual orientation, pregnancy and reproductive decisions, family or parental status, national origin, age, disability, veteran status or any other status protected under local, state or federal laws.
Notice to Third-party Agencies: Carmel Partners has no standing offers to pay referral compensation or recruitment fees for any open positions. Unless a signed agreement provides otherwise, Carmel Partners will not pay any compensation to any employment Firm, staffing agency, recruiter or other third party for any resumes or candidate profiles provided, even if the individual is hired by Carmel Partners. In the event a recruiter or third-party agency/Firm submits a resume or candidate profile without a signed active agreement, Carmel Partners explicitly reserves the right to pursue and hire said candidate without any notice or financial obligation to the recruiter or agency/Firm. Carmel Partners reserves the right to retain, use, transfer and distribute any resumes and candidate profiles that are submitted, including those submitted to hiring managers.