Investment & Development Analyst in Middleton, Massachusetts at Procopio Companies

Since the 1950s, The Procopio Companies (TPC) has grown through four generations of family leadership and a deep commitment to place-making. We develop, build, and operate exceptional residential and mixed-use communities across high-growth markets throughout Southern New England and beyond.

We are vertically integrated. Our core business lines include:

· Development & Investment

· Construction

· Property Management (Bria)

Core Values

• We do hard things

• We take ownership

• We value relationships

• We grow or die

Why Join Us / What We Offer

• Comprehensive benefits: medical, dental, vision, life insurance. • Paid time off, holidays, and vacation. • 401(k) with company match, plus tuition reimbursement. • Opportunity for professional advancement and exposure across functions. • Participation in project-level investment/equity opportunities. • A culture grounded in craftsmanship, accountability, relationships, and innovation.

Equal Employment Opportunity Statement

The Procopio Companies is an Equal Opportunity Employer. We celebrate diversity and are committed to creating an inclusive environment for all employees. Employment decisions are made based on qualifications, merit, and business needs. We do not discriminate based on race, color, religion, sex, national origin, age, disability, genetic information, veteran status, or any other protected status under applicable laws.

Role Overview

The Investment & Development Analyst will report directly to the Senior Vice President of Investments and work closely with leaders across acquisitions, development, construction, asset management, and property management.

This role is designed for a highly analytical, entrepreneurial professional who wants broad exposure to the full lifecycle of real estate investments—from initial deal screening and acquisition through development, lease-up, stabilization, and disposition.

The ideal candidate is intellectually curious, self-motivated, detail-oriented, and comfortable taking ownership of projects with minimal oversight. We are not looking for someone who requires significant handholding or extensive training. We are looking for a professional who already possesses a strong real estate foundation and can quickly become a trusted contributor within a lean, high-performing team.

This role offers significant exposure to acquisitions, development, capital markets, and asset management. However, it is not intended as a short-term stepping stone. Successful candidates should expect to spend several years mastering the analyst role, developing deep expertise in underwriting, development, and investment execution before progressing into more senior acquisitions and development responsibilities.

Key Responsibilities

Acquisitions & Underwriting

• Evaluate acquisition and development opportunities across multifamily, build-to-rent, mixed-use, and residential product types

• Build and maintain sophisticated financial models, including development pro formas, partnership waterfalls, debt structures, sensitivity analyses, and return scenarios

• Perform market research, demographic analysis, competitive studies, rent surveys, and sales comparable analyses

• Analyze zoning, entitlement, infrastructure, environmental, political, and development risks associated with prospective investments

• Track capital markets trends, financing activity, and economic conditions impacting investment decisions

• Prepare investment committee memorandums, executive summaries, and presentation materials

• Support acquisition negotiations through financial analysis and scenario planning

Development & Due Diligence

• Assist in managing due diligence efforts across multiple active acquisitions and development projects

• Coordinate with attorneys, architects, engineers, consultants, municipalities, lenders, and equity partners

• Track project schedules, budgets, entitlement milestones, and key development deliverables

• Support project feasibility analysis and business plan development throughout the development process

• Assist with debt and equity capitalization efforts, including lender submissions and investor presentations

• Help identify risks, opportunities, and value-engineering initiatives throughout the development lifecycle

Asset Management & Portfolio Analytics

• Support quarterly asset reviews and portfolio performance reporting

• Analyze property operating performance relative to underwriting assumptions and approved business plans

• Assist with hold/sell/refinance analyses and strategic asset-level decision-making

• Evaluate lease-up velocity, rent performance, occupancy trends, and operating expenses

• Support investor reporting and portfolio performance presentations

• Work with asset management and property management teams to identify opportunities for operational improvement and value creation

Strategic Initiatives

• Assist senior leadership with high-priority strategic projects across the organization

• Build reporting tools, dashboards, and analytical processes that improve decision making

• Develop and maintain relationships with brokers, lenders, consultants, investors, and industry professionals

• Contribute ideas that strengthen TPC's investment platform, development processes, and overall business operations

What Success Looks Like

Within your first year, you will:

• Underwrite and evaluate a significant volume of acquisition and development opportunities

• Become a trusted contributor to active acquisitions, developments, and capitalization efforts

• Lead portions of the due diligence process with limited oversight

• Produce investment committee materials that support executive decision-making

• Develop a deep understanding of TPC's investment philosophy, development process, and operating platform

• Build strong working relationships across acquisitions, development, construction, asset management, and property management teams

• Demonstrate the ability to manage multiple projects simultaneously while maintaining a high degree of accuracy and accountability

Qualifications & Skills

Required

• Bachelor's degree in Finance, Real Estate, Economics, Accounting, Engineering, or a related field

• 3–6 years of experience in real estate acquisitions, development, investments, capital markets, asset management, investment sales, lending, or related disciplines

• Strong financial modeling skills including development underwriting, partnership waterfalls, debt analysis, and sensitivity modeling

• Experience evaluating commercial real estate investments and development opportunities

• Advanced proficiency in Microsoft Excel and PowerPoint

• Strong written, verbal, and presentation skills

• Ability to manage multiple priorities in a fast-paced entrepreneurial environment

• Exceptional analytical, organizational, and problem-solving abilities

• Strong attention to detail and personal accountability

Preferred

• Multifamily, build-to-rent, mixed-use, or residential development experience

• Exposure to institutional equity, debt placement, capital markets, or development execution

• Experience participating in acquisition due diligence and transaction execution

• Knowledge of construction, entitlement, or development processes