Development Analyst

Elmington•Nashville, TN

2d•Onsite

About The Position

Elmington Capital Group is seeking a Development Analyst to support the development and acquisition of multifamily and affordable housing communities across the United States. Elmington has developed more than 15,000 multifamily units and continues to be a leader in affordable housing and multifamily development, with a focus on creating high-quality communities and executing complex, institutional-quality transactions. This role focuses on the front end of the development and acquisition process, including market research, site selection, underwriting, strategy, and due diligence through closing and groundbreaking. The Development Analyst will work directly with senior leadership and gain exposure to deal structuring, public finance, and broader real estate development strategy from day one. This is a hands-on role with real responsibility and visibility across the full development process.

Requirements

Bachelor’s degree in Finance, Real Estate, Economics, Business, Urban Planning, or related field
Strong Excel and financial analysis skills
Strong research skills and attention to detail
Interest in real estate development
Interest in affordable housing finance, including LIHTC, HUD, and tax-exempt bonds
Clear communication skills and ability to work across teams
Ability to manage multiple priorities in a fast-paced environment
Strong entry-level candidates with exceptional aptitude and work ethic are encouraged to apply.

Responsibilities

Conduct market research to identify new development and acquisition opportunities
Pursue land acquisition opportunities through research and owner and broker outreach
Use GIS mapping and public data sources to identify potential development sites
Research affordable housing funding programs, public policy, and jurisdictional incentives that support development strategy
Build and maintain financial models for LIHTC and mixed-finance developments
Analyze project feasibility by performing real estate financial analysis, including pro formas, IRR, valuation, and discounted cash flow analysis
Evaluate debt, equity, subsidy, and public financing structures, including sources and uses, debt sizing, and tax credit calculations
Prepare underwriting materials for lenders, investors, and internal investment committee review
Support tax credit, bond, and other public funding applications
Coordinate with lenders, investors, partners, consultants, agencies, and legal teams
Assist with due diligence, deal structuring, and execution through closing
Use AI and technology tools to improve research, underwriting, and workflow efficiency
Help improve internal templates, systems, and development processes