Development Associate Jobs

Elmington Capital Group is a privately owned commercial real estate investment and development firm headquartered in Nashville, Tennessee. We focus on commercial real estate opportunities that provide income return and capital appreciation through a diverse array of strategic initiatives. We primarily acquire retail, office, industrial, and multifamily properties and identify the opportunity to add value through development, repositioning, more effective operations, or creative capitalization.
Elmington's Affordable Housing group is one of the largest developers, owners, and managers of affordable and workforce housing in the United States. We raise $200+ million in equity annually and utilize a broad array of tax credits and niche financing strategies. Our development focus includes public-private partnerships, mixed-used and mixed-income development.
The need for affordable housing in the U.S. has never been more critical. At the same time, the affordable housing industry is transitioning from a highly fragmented landscaped dominated by non-profit organizations and government actors, to one in which the largest investment managers in the world are deploying capital and sophisticated developers are expanding rapidly. Elmington is a playing a prominent role in this transition, bringing creativity and scale to bear in the challenge to address housing affordability in the U.S.
Position Summary
The Development Associate is an integral part of a small team focused on affordable housing investment and development.
Knowledge/Skills/Abilities

• Interest in real estate investing and development
• Real estate investment modeling
• Organizational skills
• Communication proficiency

Essential Job Functions

• Financial underwriting
• Raising debt and equity capital
• Creating and implementing new financing strategies
• Property re-zonings
• Develop strategic relationships with other developers, owners, elected officials and other stakeholders
• Site selection
• Source and evaluate new investment and development opportunities
• Coordinate real estate due diligence
• Coordinate design and construction teams

Specific Education Or Experience

• Experience in real estate investing and development preferred but not required
• MBA or equivalent

Physical Demands And Work Environment

• The noise level in the work environment is usually moderate
• Regularly required to talk or hear
• Frequently sit, stand and walk
• Vision abilities to include close vision, distance vision, peripheral vision and the ability to adjust focus
• Temperature in the workplace is typically moderate
• Frequently required to use hands or fingers to handle or feel objects, tools or controls

Travel Requirements

• Occasional same-day and overnight travel required

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