Real Estate Development Associate

Job Description

Job Description

Company Segment: Boston Pinnacle Properties
Location: Boston, MA (Hybrid)
Employment Type: Full-Time

Company Overview

Boston Pinnacle Properties (a subsidiary of Burns Realty & Investments) is a Boston-based boutique real estate development firm specializing in mixed-use and adaptive-reuse projects throughout the Greater Boston Area. Our work focuses on transforming underutilized assets into dynamic, sustainable spaces that enhance neighborhoods and create long-term value.

We take a hands-on, entrepreneurial approach to every project — our team members are deeply involved in all phases of the development process and are encouraged to take ownership of their work, collaborate creatively, and grow within the firm.

About the Role

We are seeking a motivated and detail-oriented Real Estate Development Analyst or Associate to join our development team. This position is ideal for a candidate with 1–3 years of experience in real estate development, investment, or finance who is eager to take ownership of all aspects of the development lifecycle — from acquisition underwriting through stabilization and asset disposition.

This role offers direct exposure to principals and a clear path for professional growth within the company.

Key Responsibilities

Underwriting & Financial Analysis

• Build and maintain detailed financial models for mixed-use, multifamily, and commercial redevelopment projects.
• Evaluate new acquisition opportunities through comprehensive underwriting, sensitivity analyses, and scenario modeling.
• Support decision-making on asset repositioning, refinancing, and disposition strategies.

Asset Management

• Monitor the financial and operational performance of existing assets.
• Collaborate with the development team to assess future strategies for individual properties, including hold/sell analyses and repositioning plans.
• Assist with the preparation of quarterly and annual reporting materials related to asset performance.

Investor Relations

• Prepare and distribute monthly investor updates covering permitting, design, and construction milestones.
• Deliver project-level financial reports and respond to investor inquiries in a professional and timely manner.
• Maintain organized investor documentation and track capital contributions and distributions.

Project Management & Entitlements

• Support the development team in site discovery, due diligence, and feasibility analyses for new projects.
• Help coordinate consultants and design professionals during the permitting and design phases.
• Track entitlement progress through municipal approvals and assist in preparing filings with city and state agencies.

Construction Finance & Accounting

• Track project budgets and monitor hard and soft costs throughout the life of each project — from inception through stabilization.
• Prepare and submit monthly bank requisitions and support lender draw processes.
• Collaborate with accounting to reconcile project costs and ensure compliance with financing requirements.

Capital Markets & Deal Structuring

• Support review and negotiation of operating agreements, loan documents, and partnership structures.
• Assist in evaluating optimal capital stacks, including equity, debt, and public financing sources (e.g., 121A/121B agreements, C-PACE, grants).
• Maintain working knowledge of market capital trends relevant to mixed-use and redevelopment projects.

Historic Tax Credits (Preferred)

• Familiarity with federal and state Historic Tax Credit (HTC) programs and related monetization structures preferred but not required.
• Assist in preparing documentation and coordinating with consultants for HTC compliance and reporting.

Qualifications

• Bachelor’s degree in Real Estate, Finance, Economics, Urban Planning, or a related field.
• 1–3 years of professional experience in real estate development, investment, or asset management.
• Strong financial modeling skills and proficiency in Excel.
• Working knowledge of design, permitting, and construction processes preferred.
• Excellent written and verbal communication skills.
• Highly organized, with strong attention to detail and the ability to manage multiple projects simultaneously.

Compensation & Benefits

• Expected base salary range: $85,000–$110,000, commensurate with experience, plus annual performance-based bonus.
• Comprehensive health, vision, and dental insurance.
• Professional development and continuing education support.

Company DescriptionAbout Burns Realty & Investments:

Burns Realty is a vertically integrated real estate development firm focused on transformative multifamily and mixed-use projects across Greater Boston. We oversee the entire lifecycle, from acquisition and permitting to construction and asset management. We are seeking motivated, positive, and capable people to join our growing team.

Company Description

About Burns Realty & Investments:\r\n\r\nBurns Realty is a vertically integrated real estate development firm focused on transformative multifamily and mixed-use projects across Greater Boston. We oversee the entire lifecycle, from acquisition and permitting to construction and asset management. We are seeking motivated, positive, and capable people to join our growing team.