Real Estate Development Manager

Reports to: Company Principal

Overview: The Real Estate Development Manager leads real estate projects and is an integral part of the division’s leadership team. This person is responsible for providing management and direction for multi-family and mixed-use projects from concept to lease-up, including managing members of project teams, including Development Associates, Assistants, third-party consultants, contractors and other partners. This position reports to the Company’s Development Director and has a performance-based growth path.

Key Responsibilities:

Duties will include, but are not limited to the following:

• Develop master project schedule (incorporating all phases of the project) and update on regular basis
• Work with outside counsel to draft agreements related to projects (LOIs, Operating Agreements, Investment Agreements, Purchase and Sale Agreements, etc.)
• Coordinate with Accounting Department to open new accounts for new partnerships
• Issue LOIs and P&S agreements to owners of properties
• Perform due diligence on sites, including obtaining existing title policy for properties, boundary surveys, leases, soils reports, hazardous clearances, mortgage statements, real estate tax bills, certificates of occupancies, code violations, as-built drawings, pending litigation, etc.
• Perform pro forma financial analysis of properties for acquisition and redevelopment and pro forma, development budgets and property operating budgets
• Prepare applications and financing proposals with multi-layered financing sources.
• Coordinate preparation and review of documents to reach closing with financing institutions.
• Investigates zoning for site, work with counsel to identify steps to re-zone sites if needed, oversee work of zoning counsel, participate in meetings with Planning offices, Planning Boards, community organizations, etc. and ensure zoning approvals are received in timely manner.
• Identify design firms, obtain proposals from firms, ensure that all scope items are included in proposals, negotiate contracts with selected design firm(s), coordinate with firms throughout the project.
• Identify market study, appraisal, environmental and other related firms, obtain proposals from firms, negotiate contracts with firms, review drafts of reports and provide feedback to firms for recommended changes if needed.
• Identify, interview, review proposals for, negotiate contracts with, select and manage any residential, retail or office marketing and management company for projects.
• Coordinate permitting needed for project and manage any third-party permit expediters.
• Negotiate GMP, contract and exhibits with General Contractor, monitor construction to ensure quality construction and compliance with plans, specs and budget, track budget adjustments, conduct weekly construction meetings, oversee construction progress, and manage project close out documentation to satisfy investor, lender and management requirements.

Qualifications:

• Minimum of 7 years’ experience in multi-family or mixed-use real estate transactions.
• Experience with Low Income Housing Tax Credits is required.
• Experience with other subsidies (tax exempt bond financing, New Market Tax Credits, Historic Tax Credits, AHP grants, etc.) a huge plus.
• Exceptional written and verbal communication skills, as well as interpersonal and relationship building skills.
• Advanced proficiency with MS Excel and ability to create pro forma financial models
• Demonstrated technical expertise to analyze and negotiate financial and operation details of real estate developments with developers, contractors, lenders, investors and government officials

Skills/Abilities:

• Willingness to do whatever level work internal clients require, from very basic to extremely complex.
• Prioritizes and manages competing and sometimes conflicting priorities.
• Highly effective in a close-knit organization.
• Willingness to work flexible hours and in a collaborative, dynamic, team-based environment.
• Creative and results-oriented, with a strong sense of urgency.
• Successful development management experience on projects in ground up multifamily and/or mixed-use projects.
• Highly entrepreneurial and self-motivated, with the ability to work equally well on own as well as in a team environment.

Education:

• BS in Finance, Engineering, Construction Management or related field
• MBA (with real estate focus) or Masters in Real Estate preferred by not required.

Job Type: Full-time

Pay: From $80,000.00 per year

Work Location: In person

Salary : $80,000