Associate Developer
Location: Baltimore, MD
Employment Type: Full-time
Requisition ID: 2026-3268
Role Summary
This position involves exposure to and participation in all aspects of multi-faceted multi-family real estate development projects, primarily affordable with occasional market rate projects, from inception through construction completion and lease-up. The Associate Developer is responsible for timely and accurate support to an in-house team of Developers, Senior Developers and Regional Vice Presidents, while gaining exposure to an external team of financiers, architects, designers, engineers, and contractors. Each Associate Developer simultaneously participates in multiple projects in varying stages of development.
What You'll Do
- Conduct financial modeling to determine the economic feasibility of projects
- Draft, edit, assemble, and finalize professional RFPs and RFQs under the direction of the Team Leader
- Participate in building strong public private partnerships
- Work with municipalities to ensure good communication
- Prepare professional PowerPoint presentations for financiers, municipalities, and community constituents
- Ensure timely follow-up of land-development approval process
- Coordinate legal matters as directed by the Team Leader
- Maintain working knowledge of site-control documentation, loan agreements, equity documents, and partnership agreements
- Coordinate architectural and engineering matters under the direction of the Team Leader for proposed developments
- Create realistic project schedules and budgets
- Interface with contractors and other professionals to build proposed developments
- Coordinate the lease-up of completed developments with full flow of information concerning limiting criteria
- Maintain calendars and schedule logistics for all development meetings
- Comply with all provisions of Pennrose Properties' Operations and Human Resource Policies
Required Qualifications
- BA or BS in Finance, Real Estate, Business or related field
- Solid real estate knowledge base
- Strong analytical ability
- Exceptional verbal and written communication skills
- Expertise in composing on-message PowerPoint presentations
- Considerable interpersonal skills including the ability to establish and maintain effective working relationships
- Discretion in handling confidential information
- Demonstrated organizational skills, including the ability to set priorities in concert with the development team
- Ability to work independently
- Demonstrated ability to work under pressure exercising sound judgment, prioritizing demands and responding with composure to a fast-paced environment
- Demonstrated understanding of project proformas for both market-rate and public housing developments
- Experience in filing applications requesting Low Income Housing Tax Credits, Federal Home Loan Bank Affordable Housing Program funds and soft resources
- Proficiency in Outlook, Microsoft Office including Word and Excel
- Demonstrated punctuality and respect for others' time
- Accuracy with attention to detail and speed in task execution
- Strong work ethic and exceptionally high work standards
- Maturity, good judgment and professionalism
- Meeting management understanding, including application of Outlook calendar programs and preparation of meeting agendas
- Valid driver's license, insured vehicle, and ability to travel between properties and on-call emergencies
Preferred Qualifications
- Master's Degree or 3 years of equivalent experience performing at the Associate Developer level
- Microsoft Project experience
- Experience with or understanding of Application Scoring
- Understanding of QAP and scoring sites
Physical Requirements & Working Conditions
The ability to work periodic flexible hours is required. The ability to travel by plane and automobile is required. The ability to work at property locations within or near transitional neighborhoods is required. The ability to climb stairs, take elevators, bend, squat and reach overhead is required.
Compensation
$75,000–$80,000/year plus bonus depending on experience
