Development Associate

About Us 

"Inspired by Spaces, Empowered by People." At Enclave, we don't just build structures; we cultivate environments where our partners, team members, and communities flourish. Our very name reflects our essence - creating distinct spaces that inspires growth and success. As a unified real estate investment firm, Enclave brings together exceptional development, construction, and property management expertise to specialize in multifamily, industrial, and commercial developments across the Midwest and Mountain West. 

Our Growth Story: Since our founding in 2011, we've expanded to over 250 team members, completing more than 150 projects and managing assets exceeding $1.75 billion. Our rapid growth is a testament to the innovative and collaborative spirit that drives everything we do. For six consecutive years, Enclave has been recognized as one of the 50 Best Places to Work. This accolade reflects our commitment to fostering an environment where everyone feels valued, supported, and inspired to excel. 

About the Role 

Development Associate

The Development Associate is responsible for assisting the Development team with a wide range of responsibilities related to the development process. This includes assisting Developers with market analysis, updating of budgets and pro-formas, coordinating internal reporting, supporting leasing activities, and monitoring overall deal pipeline, among other responsibilities.

 

Position Logistics

• Primary Work Location: St Louis Park, Enclave Headquarters
• Work Environment: On-Site
• Work Schedule: Monday - Friday | 8 am - 5 pm (with flexibility)
• Work Type: Full Time (40 hours/week) 

 

Who We're Looking For

• Market Analysis: Conduct in-depth market and sub-market analysis to assess supply, demand, market rents, and absorption trends, using a mix of cutting-edge tools and data sources to drive key development decisions.
• Project Management: Play a pivotal role in updating and refining project details across multiple platforms, ensuring seamless information flow for successful development outcomes.
• Investment Memos: Craft impactful, data-driven Investment Committee memos to guide high-stakes investment decisions, distilling complex information into actionable insights.
• Investor Communications: Draft investor-focused memorandums, highlighting project financials and market dynamics to secure buy-in and support.
• Utility Coordination: Collaborate with utility companies to secure essential service agreements and rebates, ensuring smooth project execution and cost efficiency.
• Leasing Strategy: Coordinate leasing efforts, working directly with brokers and potential tenants to drive strategic space utilization and long-term success.
• Entitlement Support: Assist in preparing and presenting development plans to city officials, providing the necessary reports and data to navigate the entitlement and permitting process.
• Due Diligence: Support due diligence by reviewing purchase and sale agreements, loan documents, and operating agreements, summarizing key terms for internal stakeholders.
• Financial Analysis: Apply strong analytical skills to evaluate the economic and financial performance of industrial and multifamily real estate projects, identifying key trends and opportunities.
• Feasibility Studies: Conduct feasibility studies and financial analyses on potential development and value-add investments, helping to identify profitable growth opportunities.
• Contract Review: Assist with the preparation of RFPs and contractor bids, reviewing consultant and construction contracts to ensure alignment with project goals.
• Deal Management: Maintain and update detailed information on each deal, ensuring all systems and reports reflect current project statuses.

 

We're Seeking Individuals Who Are:

• Analytical & Data Driven - Strong ability to interpret market data, financial models, and investment performance metrics to support development decisions.
• Detail Oriented & Organized - Manages multiple projects, keeps meticulous records, and ensures reports and memos are accurate and insightful.
• Pro