TF Cornerstone
Real Estate Acquisitions and Development Associate
TF Cornerstone, New York, New York, us, 10261
Real Estate Acquisitions and Development Associate
Real Estate Acquisitions and Development Associate
TF Cornerstone (TFC)
is a privately held vertically integrated real estate development company with a commitment to long-term multi-generational ownership. The Company’s portfolio consists of approximately 11,800 apartments in NYC and 3 million square feet of Office and Retail space split among NYC, Washington DC, and Philadelphia. In addition, the Company is currently in the design and construction phase of an additional ~1,300 apartment units in Chelsea and Greenpoint, two commercial to residential conversion projects that would yield an incremental ~1,000 units and a 3.0M sf super-tall mixed-use office and hotel development adjacent to Grand Central Terminal.
Our diverse expertise empowers us to move with agility, think strategically, and drive innovation—qualities that have established us as one of the most respected firms in the real estate industry. At the core of this success are our people, whose talent, dedication, and vision set us apart.
About The Role
We are seeking a
Real Estate Acquisitions and Development Associate
to join our acquisitions and development team. This role offers exposure to the full investment lifecycle, from sourcing and underwriting through development and stabilization. The Associate will be directly involved in financial analysis, due diligence, and deal execution from predevelopment through stabilization. The Associate reports to our VP of Acquisitions and Development and will have direct Principal level exposure.
Key Responsibilities
Financial Underwriting & Analysis Lead financial underwriting for potential acquisitions from initial evaluation through development and stabilization. Build and maintain dynamic financial models to analyze investment returns and capital structures. Conduct market research to inform assumptions and support investment strategy. Present findings and recommendations to senior management, investment committees, and other stakeholders. Due Diligence & Site Evaluation Perform acquisition due diligence, including review of title reports, leases, zoning analyses, property condition reports, and site inspections. Evaluate entitlements and zoning constraints to inform development feasibility and risk assessments. Third-Party Coordination Engage and coordinate with third-party consultants including legal counsel, architects, engineers, and environmental specialists. Manage workflows related to zoning reviews, environmental reports, and ad hoc analyses. Ensure due diligence deliverables are completed accurately and on schedule. Transaction Execution Draft investment memorandums and presentations to support acquisitions and related strategic initiatives. Assist in the negotiation of transaction documents, including but not limited to term sheets, purchase and sale agreements, ground leases, access agreements and tenant leases. Support closing processes by coordinating across internal teams and external parties to ensure seamless execution. Collaborate with the development team in all stages of the lifecycle of the project from planning and entitlements through stabilization.
Qualifications
Bachelor’s degree in Finance, Real Estate, Economics, Business, or a related field. 2–5 years of experience in real estate acquisitions, development, investment banking, or private equity. Strong proficiency in financial modeling (Excel required; Argus a plus). Excellent analytical, organizational, and written and oral communication skills. Ability to thrive in a fast-paced, team-oriented, and entrepreneurial environment.
Compensation
$150,000 – $175,000 commensurate with experience. Seniority level
Seniority level Entry level Employment type
Employment type Full-time Job function
Job function Strategy/Planning and Information Technology Referrals increase your chances of interviewing at TF Cornerstone by 2x Get notified about new Development Associate jobs in
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Real Estate Acquisitions and Development Associate
TF Cornerstone (TFC)
is a privately held vertically integrated real estate development company with a commitment to long-term multi-generational ownership. The Company’s portfolio consists of approximately 11,800 apartments in NYC and 3 million square feet of Office and Retail space split among NYC, Washington DC, and Philadelphia. In addition, the Company is currently in the design and construction phase of an additional ~1,300 apartment units in Chelsea and Greenpoint, two commercial to residential conversion projects that would yield an incremental ~1,000 units and a 3.0M sf super-tall mixed-use office and hotel development adjacent to Grand Central Terminal.
Our diverse expertise empowers us to move with agility, think strategically, and drive innovation—qualities that have established us as one of the most respected firms in the real estate industry. At the core of this success are our people, whose talent, dedication, and vision set us apart.
About The Role
We are seeking a
Real Estate Acquisitions and Development Associate
to join our acquisitions and development team. This role offers exposure to the full investment lifecycle, from sourcing and underwriting through development and stabilization. The Associate will be directly involved in financial analysis, due diligence, and deal execution from predevelopment through stabilization. The Associate reports to our VP of Acquisitions and Development and will have direct Principal level exposure.
Key Responsibilities
Financial Underwriting & Analysis Lead financial underwriting for potential acquisitions from initial evaluation through development and stabilization. Build and maintain dynamic financial models to analyze investment returns and capital structures. Conduct market research to inform assumptions and support investment strategy. Present findings and recommendations to senior management, investment committees, and other stakeholders. Due Diligence & Site Evaluation Perform acquisition due diligence, including review of title reports, leases, zoning analyses, property condition reports, and site inspections. Evaluate entitlements and zoning constraints to inform development feasibility and risk assessments. Third-Party Coordination Engage and coordinate with third-party consultants including legal counsel, architects, engineers, and environmental specialists. Manage workflows related to zoning reviews, environmental reports, and ad hoc analyses. Ensure due diligence deliverables are completed accurately and on schedule. Transaction Execution Draft investment memorandums and presentations to support acquisitions and related strategic initiatives. Assist in the negotiation of transaction documents, including but not limited to term sheets, purchase and sale agreements, ground leases, access agreements and tenant leases. Support closing processes by coordinating across internal teams and external parties to ensure seamless execution. Collaborate with the development team in all stages of the lifecycle of the project from planning and entitlements through stabilization.
Qualifications
Bachelor’s degree in Finance, Real Estate, Economics, Business, or a related field. 2–5 years of experience in real estate acquisitions, development, investment banking, or private equity. Strong proficiency in financial modeling (Excel required; Argus a plus). Excellent analytical, organizational, and written and oral communication skills. Ability to thrive in a fast-paced, team-oriented, and entrepreneurial environment.
Compensation
$150,000 – $175,000 commensurate with experience. Seniority level
Seniority level Entry level Employment type
Employment type Full-time Job function
Job function Strategy/Planning and Information Technology Referrals increase your chances of interviewing at TF Cornerstone by 2x Get notified about new Development Associate jobs in
New York, NY . New York, NY $62,000.00-$67,000.00 3 weeks ago Jersey City, NJ $50,000.00-$55,000.00 2 months ago New York, NY $130,000.00-$175,000.00 5 days ago Associate Developer, Project Development - New York City
New York, NY $51,000.00-$54,800.00 1 week ago New York City Metropolitan Area 3 months ago New York, NY $50,000.00-$55,000.00 3 weeks ago New York, NY $50,000.00-$60,000.00 1 week ago New York City Metropolitan Area $53,000.00-$65,000.00 5 days ago New York, NY $100,000.00-$120,000.00 2 weeks ago New York, NY $65,000.00-$80,000.00 2 weeks ago Jersey City, NJ $66,000.00-$69,000.00 2 weeks ago New York, NY $60,000.00-$80,000.00 1 month ago New York, NY $42,000.00-$55,000.00 2 months ago Development Coordinator (Remote opportunity in Long Island/NYC)
Development Associate, NYC Housing Preservation Trust
New York, NY $50,000.00-$60,000.00 1 week ago New York City Metropolitan Area $25.00-$32.00 1 day ago New York, NY $104,400.00-$139,400.00 1 week ago Associate Curriculum Developer (AI and Robotics Education)
New York, NY $60,000.00-$80,000.00 2 weeks ago New York, NY $58,000.00-$63,000.00 2 weeks ago 25-26 Major Taylor Partnership and Development Associate
New York City Metropolitan Area $26.00-$30.00 1 week ago Institutional Business Development Associate, North America
New York, NY $47,000.00-$52,000.00 1 week ago New York, NY $140,000.00-$160,000.00 2 days ago New York, NY $170,000.00-$200,000.00 3 weeks ago Strategic Partner Development Senior Associate, Search, Gemini
New York, NY $106,000.00-$153,000.00 5 days ago Brooklyn, NY $100,000.00-$250,000.00 1 month ago We’re unlocking community knowledge in a new way. Experts add insights directly into each article, started with the help of AI.
#J-18808-Ljbffr