Real Estate Development Associate
The University of Pennsylvania, the largest private employer in
Philadelphia, is a world-renowned leader in education, research,
and innovation. This historic, Ivy League school consistently ranks
among the top 10 universities in the annual U.S. News & World
Report survey. Penn has 12 highly-regarded schools that provide
opportunities for undergraduate, graduate and continuing education,
all influenced by Penn's distinctive interdisciplinary approach to
scholarship and learning. As an employer Penn has been ranked
nationally on many occasions with the most recent award from Forbes
who named Penn one of America's Best Large Employers in 2023.
Penn offers a unique working environment within the city of
Philadelphia. The University is situated on a beautiful urban
campus, with easy access to a range of educational, cultural, and
recreational activities. With its historical significance and
landmarks, lively cultural offerings, and wide variety of
atmospheres, Philadelphia is the perfect place to call home for
work and play.
The University offers a competitive benefits package that includes
excellent healthcare and tuition benefits for employees and their
families, generous retirement benefits, a wide variety of
professional development opportunities, supportive work and family
benefits, a wealth of health and wellness programs and resources,
and much more.
Posted Job Title
Real Estate Development Associate
Job Profile Title
Associate Director D, Facilities
Job Description Summary
The Division of Facilities and Real Estate Services (FRES) provides
the expertise, business process, policies and standards required to
plan, design, construct, operate, maintain and renew the physical
assets of the University, excluding the health system. In addition,
the Division, comprised of approximately five Departments, is
responsible for the strategic planning, management and operation of
non-academic University property, and collaborating with the
neighborhood to create a safe, diverse and economically vibrant
destination. With close to 12M square feet of space, FRES maintains
186 buildings on a campus of 276 acres, completes over 60,000
maintenance requests per year, and starts approximately 250
projects a year. FRES is comprised of the following Departments:
Administration, Office of the University Architect, Design and
Construction, Real Estate, Operations and Maintenance.
The University of Pennsylvania is implementing a campus
transformation entitled Penn Connects (http://www.pennconnects.upenn.edu
This comprehensive, award winning effort is expanding the campus
over the next 20 years, including the construction of new academic
research and recreational facilities. In addition, the University
has secured $300M in Century Bond funding and continues to upgrade
existing facilities over the coming years. https://www.facilities.upenn.edu/
- Project Management: Assists the Development
Director with analysis, management and coordination (between the
development, construction and operations teams) of all projects and
achieving milestones with projects. Assists with the preparation,
management and coordination of internal and external deliverables
for the formulation of development presentations and business plans
for approval by Sr. Management.
- Procurement: Drafting and managing RE Developer
solicitation of interest and similar RFPs, compiling results and
preparing presentations, analysis and recommendations.
- Financial Planning: Coordinates due diligence and
transactional documentation for analysis, acquisition and
financing, including ensuring accuracy and consistency of
documentation, and facilitating document/information flow for
various committee presentations (i.e., RESC, FCP and other
- Reporting & Analysis: Assists in the
preparation of regular reports (monthly or quarterly as appropriate
to the specific projects) summarizing project progress, issues, pro
forma, schedule, etc. to keep Sr. Management well
- Network Development: Develops and maintains
rapport and credibility with project team members, real estate
consultants, City officials, et al to ensure effective
implementation of projects.
- Operations: Assist with the oversight of the Arts
and Cultures program at the Rotunda on an as needed
- Other duties as assigned.
Bachelor's degree in any subject and at least 5-7 years of
experience strongly preferred, or equivalent combination of
education and experience. Advanced education/certification a
Professional must have experience working in fast-paced
environments, ability to understand complex legal documents,
knowledge of real estate finance, public finance and/or project
Prior experience in working on a full range of development
responsibilities from project conceptualization/planning through
site planning and zoning through construction management.
Strong organizational skills, presentation abilities and excellent
verbal and written communication skills.
Proficient in MS Office software. Must have excellent interpersonal
skills, team-oriented yet self-starting work style, ability to work
independently and high ethical standards.
***For consideration, interested candidates should submit a
resume and a cover letter expressing your interest in this
position, is preferred.***
Job Location - City, State
Department / School
Facilities and Real Estate Services
$61,046.00 - $98,000.00 Annual Rate
Salary offers are made based on the candidate's qualifications,
experience, skills, and education as they directly relate to the
requirements of the position, as well as internal and market
factors and grade profile.
Affirmative Action Statement
Penn adheres to a policy that prohibits discrimination on the basis
of race, color, sex, sexual orientation, gender identity, religion,
creed, national or ethnic origin, citizenship status, age,
disability, veteran status, or any other legally protected
Background check required after a conditional job offer is made.
Consideration of the background check will be tailored to the
requirements of the job.
- Health, Life, and Flexible Spending Accounts: Penn
offers comprehensive medical, prescription, behavioral health,
dental, vision, and life insurance benefits to protect you and your
family's health and welfare. You can also use flexible spending
accounts to pay for eligible health care and dependent care
expenses with pre-tax dollars.
- Tuition: Take advantage of Penn's exceptional tuition
benefits. You, your spouse, and your dependent children can get
tuition assistance here at Penn. Your dependent children are also
eligible for tuition assistance at other institutions.
- Retirement: Penn offers generous retirement plans to
help you save for your future. Penn's Basic, Matching, and
Supplemental retirement plans allow you to save for retirement on a
pre-tax or Roth basis. Choose from a wide variety of investment
options through TIAA and Vanguard.
- Time Away from Work: Penn provides you with a
substantial amount of time away from work during the course of the
year. This allows you to relax, take vacations, attend to personal
affairs, recover from illness or injury, spend time with
family—whatever your personal needs may be.
- Long-Term Care Insurance: In partnership with Genworth
Financial, Penn offers faculty and staff (and your eligible family
members) long-term care insurance to help you cover some of the
costs of long-term care services received at home, in the community
or in a nursing facility. If you apply when you're newly hired, you
won't have to provide proof of good health or be subject to
underwriting requirements. Eligible family members must always
provide proof of good health and are subject to
- Wellness and Work-life Resources: Penn is committed to
supporting our faculty and staff as they balance the competing
demands of work and personal life. That's why we offer a wide
variety of programs and resources to help you care for your health,
your family, and your work-life balance.
- Professional and Personal Development: Penn provides an
array of resources to help you advance yourself personally and
- University Resources: As a member of the Penn community,
you have access to a wide range of University resources as well as
cultural and recreational activities. Take advantage of the
University's libraries and athletic facilities, or visit our
arboretum and art galleries. There's always something going on at
Penn, whether it's a new exhibit at the Penn Museum, the latest
music or theater presentation at the Annenberg Center, or the Penn
Relays at Franklin Field to name just a few examples. As a member
of the Penn community, you're right in the middle of the
excitement—and you and your family can enjoy many of these
activities for free.
- Discounts and Special Services: From arts and
entertainment to transportation and mortgages, you'll find great
deals for University faculty and staff. Not only do Penn arts and
cultural centers and museums offer free and discounted admission
and memberships to faculty and staff. You can also enjoy
substantial savings on other goods and services such as new cars
from Ford and General Motors, cellular phone service plans, movie
tickets, and admission to theme parks.
- Flexible Work Hours: Flexible work options offer
creative approaches for completing work while promoting balance
between work and personal commitments. These approaches involve use
of non-traditional work hours, locations, and/or job
- Penn Home Ownership Services: Penn offers a forgivable
loan for eligible employees interested in buying a home or
currently residing in West Philadelphia, which can be used for
closing costs or home improvements.
- Adoption Assistance: Penn will reimburse eligible
employees on qualified expenses in connection with the legal
adoption of an eligible child, such as travel or court fees, for up
to two adoptions in your household.
To learn more, please visit: https://www.hr.upenn.edu/PennHR/benefits-pay
To apply, visit https://wd1.myworkdaysite.com/en-US/recruiting/upenn/careers-at-penn/job/Left-Bank-Facilites--Real-Estate-Services/Real-Estate-Development-Associate_JR00073613