Development Manager- New York

Company Description
Jonathan Rose Companies is one of the country’s leading owners, developers and operators of green affordable and mixed-income communities.  Founded in 1989, Rose has created projects with more than $4.2 billion of value with a current portfolio of 19,000 apartment homes in 15 states and Washington DC. 

Our mission is to create a more environmentally thriving, socially just world through the development, preservation, renovation and management of green, affordable and mixed income housing.

The firm is a fully integrated investment management, development and asset management company with construction management, solar energy, mortgage finance and title company affiliates.

We strive to achieve positive environmental impact by investing in energy efficiency, decarbonization, and water conservation to reduce our use of natural resources and toxins. Our social impact is achieved by preserving and expanding housing affordability, and connecting our residents to health, education, financial, cultural and social services. And we aim to achieve these impacts in a co-creative process with governments, our residents and staff.

We are signatories to the United Nations Principles for Responsible Investing (UN PRI), benchmark performance annually through GRESB, and align our reporting with the Task Force for Climate-related Financial Disclosures (TCFD) guidelines, SASB Standards, and GRI Standards.

Our Development Team produces beautifully designed, affordable and mixed income, green buildings, which provide a platform for our Communities of Opportunity social and environmental programming. These incorporate health, social service, education, culture, and recreation programs for our residents.

We design, plan and build sustainable communities, co-produced using expertise from across all of our core disciplines, sharing lessons, best practices and resources, with the goal of nurturing the common good and advancing affordable living.

Our developments are duplicatable models of cost-effective, green, transit-oriented urban development that connect residents to opportunity to inform the national practice of development, help change policies and direct funding towards scalable solutions. 

Position Description

The Development Manager is responsible for managing all phases of real estate development for multiple projects including due diligence, feasibility analysis, entitlement, financing, design, construction, lease-up, project completion and close-out, and transition to property and asset management. This position requires strong organizational and communication skills and the ability to work in a collaborative and fast paced environment to meet multiple deadlines. Successful candidates will also demonstrate a strong commitment to the vision , mission, and core values of the Jonathan Rose Companies. The Development Manager will manage a portfolio of 2-3 developments in various stages of development.

This is a full-time, hybrid in-office/remote position with a salary range of $120,000-$135,000 per year based upon factors including but not limited to related experience and time in the industry.

Cover letter is required in addition to resume.

Responsibilities:

• Project Due Diligence: support Senior Team Member in collecting due diligence materials, financial analysis of a project or site, assisting with RFP/RFQ proposals, and preparing other necessary information to evaluate the development opportunity. 
• Entitlement: manage the public approval process, includes meetings with public officials and community representatives in coordination with Senior Team Members.
• Project Management: day-to-day management and advancement of the project.  Areas of responsibility include but are not limited to develop and monitor project schedule, budgets, manage the design consultants and project team, attend all regularly schedule project oversight meetings, facilitate community outreach and prepare reports for management, investors and partners. 
• Financial Management:  Develop proformas and updating as the project progresses, tracking development costs and budget variances, collaborating effectively with the Accounting Department. 
• Project Financing:  prepare financing applications and analysis, and source construction and permanent financing; assist in negotiation of the terms; day-to-day management of the closing process.
• Lease Up / Stabilization: coordinate with project team in opening of the property, including coordination of model apartment, property management office set-up; coordinate with internal and external team to create marketing and leasing strategy for the completed development.  Oversee lease-up activities, convert to Permanent Financing and transition to Asset Management.

Requirements:

• Master’s Degree in Real Estate Development or relevant field. Will consider Bachelor’s Degree with affordable/mixed-income housing development experience.
• Minimum of 1-3 years of real estate experience, ideally in affordable housing development or closely related field is required. Additional experience preferred.
• Self-motivated, driven and proactive with an established track record of getting things done effectively, efficiently, and independently. Capacity to create/sustain project momentum over months and years.
• A team player, able to work in an entrepreneurial environment and balance multiple priorities and deadlines.
• Meticulous attention to detail in task management systems, filing, budget management, due diligence reviews, and financial analysis
• Strong reading comprehension and writing skills. Applicants must demonstrate the ability to distill complex subjects into quantitative analysis and written summaries to support decision making
• Excellent analytical skills and command of affordable housing financing
• Very strong financial modeling and quantitative skills (expertise in Excel is required)
• Excellent interpersonal and communication skills
• Proficient knowledge of building design and ability to review design drawings
• Ability to travel up to 20% of the time.

Rose Companies Benefits:

At Rose Companies our goal is to provide an affordable and comprehensive benefits package that provides security for you and your family and supports your overall wellbeing. Benefits offered include, but are not limited to: Medical, Dental, Vision, Flexible Spending Accounts, Life, Short-Term Disability, Long-Term Disability, 401K with company match, competitive paid time off policy, paid holidays, parental bonding leave and educational assistance. 

Rose Companies is committed in policy and practice to providing equal employment opportunities for all applicants and employees, based upon their training, experience, and overall qualifications. Consistent with this commitment, discrimination against an applicant or employee based upon the individual’s race, color, creed, religion, sex, gender, age, national origin, ancestry, citizenship status, marital or familial status, sexual orientation, gender identity, gender expression, disability, military status, protected veteran status, genetic information, or any other condition or characteristic protected by law is strictly prohibited.