Development Associate

Responsibilities

Related Digital is seeking a Development Associate to support all aspects of its data center development platform, from site acquisition and underwriting through design, construction, and capital formation. This is a high-visibility, multidisciplinary role with direct exposure to senior leadership across development, finance, and strategy. The right candidate will be analytically rigorous, entrepreneurial, and eager to contribute to a business operating at the intersection of real estate, infrastructure, and digital economy growth. This position may be based in Dallas, TX or Austin, TX.

We’ll Trust You To

• Conduct market research and site-level due diligence on potential development opportunities across the U.S. and Canada, evaluating power availability, land, zoning, and competitive dynamics.
• Support the execution of the full data center development lifecycle, from site acquisition through design, construction, operations, and marketing strategy.
• Lead initial underwriting and financial analysis of potential development projects, building and maintaining models that evaluate project returns, capital structure, and investment theses in alignment with company objectives.
• Contribute to platform-level strategic planning, evaluating new markets, growth initiatives, and competitive positioning for Related Digital’s expanding pipeline.
• Assist in the preparation and execution of capital formation strategies, including engagement with equity investors, lenders, and other financing partners to support project funding.
• Partner with internal teams across legal, construction, energy, and operations to drive the successful execution of development projects from inception through delivery.
• Prepare investment memoranda, business plans, board materials, financial forecasts, and strategic presentations for senior leadership and external stakeholders.

Qualifications

• Approximately 2+ years of transaction or investment experience in investment banking, infrastructure or private equity investing, or real estate finance. Experience covering TMT, real estate, energy/power, or digital infrastructure is strongly preferred.
• Strong financial modeling skills, including experience with development underwriting, DCF analysis, and capital structure evaluation.
• Exceptional analytical and quantitative capabilities, with close attention to detail and the ability to synthesize complex information into clear, actionable insights.
• Outstanding written and verbal communication skills; able to present effectively to senior audiences.
• Highly organized, with strong time management and prioritization skills in a fast-paced, high-growth environment.
• Collaborative team player who takes ownership and operates independently when required.
• Genuine interest in real estate, infrastructure, and the data center industry; entrepreneurial mindset and strong work ethic.
• Bachelor’s degree required; MBA a plus.

Overview

Why Related Digital?

Formed in 1972, Related is the most prominent privately-owned real estate firm in the United States. Headquartered in New York City, the company has offices and major developments across the world. Related owns and manages a premier portfolio of assets valued at over $70 billion, including the 28-acre Hudson Yards neighborhood on Manhattan’s West Side.

Related believes in investing in its talent and cultivates a positive, team-oriented environment where every voice is valued. Employees are encouraged to boldly take on new challenges, transcend the status quo, and demonstrate strong entrepreneurial spirit. In its relentless commitment to excellence, Related fosters an innovative approach so that team members can positively impact the communities in which they conduct business.

Founded by Related Companies, Related Digital is a leading vertically integrated data center development and investment platform that partners with leading technology companies to provide best-in-class digital infrastructure and holistic energy solutions through responsible, community-centered development. Related Digital currently has $55B in active data center development and construction underway representing 6GW of capacity, with projects in Ontario, Wyoming, Michigan, Missouri, Illinois and Texas.

Its vertically integrated platform encompasses site acquisition, entitlements, supply chain procurement, steel fabrication, construction management, and utility-scale energy solutions, providing hyperscalers with differentiated, end-to-end execution. Learn more at related-digital.com.

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