Development Associate

The Carroll Companies was founded over 40 years ago by Roy Carroll and his father. The company has grown into a successful collection of commercial and residential real estate development and property management companies. The combined companies now have over $6 billion in real estate assets and are still family-owned and headquartered in Greensboro NC.

• The companies’ real estate efforts include:
• Own and self-manage over 45 luxury apartment communities with over 13,000 apartments.
• Land development, construction, and sales of single-family homes.
• Own and operate over 30 wine and self-storage facilities.
• Own and operate one hotel with two more in development.
• Own and operate CenterPointe, luxury condominium homes.
• Own and develop industrial properties for lease and purchase.
• Commitment to visionary mixed-use projects; pipeline totals more than $500M.
• In-house construction company.
• The geographic footprint includes North and South Carolina, Tennessee, Texas, and Montana.

Summary:

Learn from one of the largest privately held multifamily developers in the country! We are seeking a highly motivated and detail-oriented Development Associate to join our team. This entry-level to mid-level position is ideal for a driven individual with 3+ years of experience in real estate development, finance, or a related field. The successful candidate will play a critical role in overseeing the entire development process, from land acquisition through permitting, ensuring projects are delivered on time and within budget. This role requires a strong understanding of financial modeling, project management, and a proactive approach to managing consultants and navigating regulatory processes.

Key Responsibilities:

Financial Management:

• Develop and maintain detailed financial proformas, including budgeting, cash flow projections, and return on investment analyses.
• Oversee all financial aspects of development projects from approvals through construction, lease up & stabilization 

Project Management & Oversight:

• Manage and coordinate external consultants, including civil engineers, architects, and other specialized professionals.
• Drive the design process for both civil and architectural components, ensuring timely completion and submission of drawings for permitting.
• Proactively push consultants to meet deadlines and secure necessary approvals from regulatory agencies.
• Oversee the permitting process, ensuring all required permits are obtained efficiently and on schedule.
• Ensure the job is thoroughly prepared and ready for construction once permits are secured.
• Collaborate closely with internal teams, including acquisition, construction, and legal, to ensure seamless project execution.

Reporting & Communication:

• Prepare regular project updates and reports.
• Maintain strong communication channels with all project stakeholders.

Qualifications:

• Bachelor's degree in Finance, Economics, Real Estate, or a related field.
• 3+ years of professional experience in real estate development, financial analysis, or a similar role.
• Strong understanding of real estate financial modeling and investment analysis.
• Proven ability to manage multiple projects simultaneously and prioritize tasks effectively.
• Excellent communication, negotiation, and interpersonal skills.
• Proactive problem-solver with a strong attention to detail.
• Ability to thrive in a fast-paced, dynamic environment.

Preferred Qualifications:

• Experience with real estate development software
• Familiarity with local zoning regulations and permitting processes.

About Us:

https://www.forbes.com/sites/giacomotognini/2022/12/05/the-guru-of-greensboro-how-a-college-dropout-built-a-29-billion-real-estate-empire/

The Carroll Companies is committed to fostering a diverse and inclusive workplace where all individuals are valued and respected. We believe that diversity is a source of strength and innovation, and we are dedicated to providing equal employment opportunities to all qualified candidates without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or veteran status. We encourage applicants from all backgrounds to apply and join us in our mission to create a workplace that reflects the diversity of the world we serve. Together, we strive to build a culture that celebrates uniqueness, embraces differences, and ensures that every employee feels empowered to bring their authentic selves to work. Your talent is what matters most, and we are excited to welcome individuals from all walks of life to contribute their skills and perspectives to our dynamic team.