Development Associate

Development Associate

Position Type: Full time

Weekly Scheduled Hours: 40

State: California

City: Irvine

Zip Code: 92614

Overview: Vivmark Residential exists to set the mark for what home can be. Formed through the merger of AvalonBay Communities and Equity Residential, Vivmark brings together two industry leaders with a shared commitment to excellence, innovation, and delivering exceptional living experiences. Our vision is to be the most trusted and best-performing rental housing company in America - one that continues to get better as it grows. And we're looking for people who want to help us do it.

As an owner, developer, and manager of more than 180,000 apartment homes in major markets across the US, we have the scale to offer something most companies can't. At Vivmark, team members move up and across functions, markets, and disciplines, building lasting careers. We invest in team members' growth, development, and capabilities that make them and us better, and we hold ourselves to the highest standard as an employer.

The best people want to work here. We hope you're one of them.

The Role: This role has two salary ranges, depending on the level at which the candidate is hired:

• Development Team Member: $71,800.00 - $119,600.00
• Development Manager: $113,000.00 - $188,400.00

The final level will be determined based on each candidate's professional experience, qualifications, and overall fit for the role.

Development Team Member / Development Manager

At Vivmark Residential, our Development team is responsible for identifying, evaluating, and executing multifamily and mixed-use development opportunities that create long-term value for our residents, investors, and communities.

We are seeking a Development Team Member or Development Manager to support and lead various aspects of the real estate development process, from site evaluation and financial analysis through project execution and delivery. The level will be determined based on experience and qualifications.

What You'll Do:

As a member of the Development team, you will play a key role in evaluating new opportunities, managing active developments, and coordinating with internal and external stakeholders to advance projects from concept through completion.

Responsibilities may include:

• Supporting and leading development feasibility and investment analysis
• Creating and maintaining financial models and development pro formas
• Conducting market research, demographic analysis, and competitive assessments
• Participating in site acquisition evaluations and due diligence efforts
• Preparing investment committee presentations and recommendations
• Managing project budgets, soft costs, schedules, and reporting
• Coordinating with architects, engineers, contractors, land use attorneys, and consultants
• Reviewing and managing consultant proposals, contracts, and deliverables
• Partnering closely with Development, Design, Construction, Operations, Investments, and Asset Management teams
• Monitoring project performance, identifying risks, and driving solutions
• Developing relationships with municipalities, community stakeholders, brokers, consultants, and industry partners
• Preparing monthly, quarterly, and ad hoc reporting for active development projects

What We're Looking For:

Development Team Member Candidates

• Bachelor's degree required
• Strong analytical, organizational, and project management skills
• Interest in real estate development, construction, investments, finance, design, or related fields
• Ability to manage multiple priorities in a fast-paced environment
• Strong Excel, financial analysis, and presentation skills

Development Manager Candidates

• Bachelor's degree
• 3+ years of relevant experience in real estate development, investments, construction, asset management, finance, or a related field
• Demonstrated experience managing development projects, due diligence efforts, and financial analysis
• Ability to independently manage multiple projects and stakeholders
• Strong communication, negotiation, and relationship management skills

Preferred Qualifications:

• MBA with a concentration in Real Estate, Master's in Real Estate Development, or similar advanced degree
• Industry certifications such as LEED
• Multifamily, mixed-use, or commercial real estate experience

How Vivmark Supports You:

We know that our teams are the beating heart of our success and we're committed to showing our appreciation.

We offer:

• A competitive benefits package that supports your health, financial well-being, and work-life balance, including medical, dental, and vision coverage, a 401(k) with company match, paid vacation and company holidays, and exclusive team member housing discounts.

Additional Info:

AvalonBay is proud to be an equal opportunity employer and is committed to an inclusive and diverse work environment free of discrimination and harassment. We believe that in order to achieve our purpose of creating a better way to live, we must recruit, develop and retain associates with a wide range of backgrounds, experiences and perspectives and create an environment that encourages all voices to be heard, understood and appreciated. With this we know we can do great things.

AvalonBay makes employment decisions without regard to a person's race, ethnicity, color, religion, sex, national origin, sexual orientation, gender identity, pregnancy (including childbirth, lactation or related medical conditions), age, physical or mental disability, genetic information (including characteristics or testing), citizenship status, military or veteran status, or any other status protected by the law.

AvalonBay will consider for employment qualified applicants with criminal histories in a manner consistent with requirements under the law.

Applications are being accepted on an ongoing basis.

AvalonBay does not require or request that you provide any information that identifies your age, date of birth, or dates of school attendance or graduation. Please redact this information prior to the submission of your application and/or leave these fields incomplete on your application.

For California residents, if you elect to apply to AvalonBay you accept the AvalonBay California Personnel Privacy Notice.

No Fees Notice & Recruitment Fraud Disclaimer:

AvalonBay Communities, Inc. ("AvalonBay") is aware that there is recruitment fraud activity whereby scammers impersonate AvalonBay and offer fake employment opportunities to candidates. These scammers often seek to obtain personal information or money from candidates.

Please note that AvalonBay will never charge any candidate a registration fee, hiring fee, or any other fee in connection with its recruitment and hiring process.

If you suspect that you are being contacted by a scammer impersonating our company, please report it immediately to our official HR Department.