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Development Coordinator
$45k-55k (estimate)
Full Time
1 Week Ago
Lincoln Avenue Communities is Hiring a Development Coordinator Near Madison, WI
About Lincoln Avenue CommunitiesWelcome to Lincoln Avenue Communities (LAC)! We are a dynamic and entrepreneurial real estate private equity firm that strengthens communities. As a developer, investor, and operator, we provide sustainable, high-quality homes for lower-and moderate-income individuals, seniors, and families across 28 states. With a portfolio encompassing 140 properties and 20,000 units, we are committed to creating lasting impacts on the lives of our residents and the communities we serve.
About This RoleLincoln Avenue Communities (LAC) is seeking a Development Coordinator to join our experienced team of real estate professionals who manage the development of affordable multi-family rental properties. LAC has a robust development pipeline and an aggressive plan to grow its national portfolio. The Development Coordinator will provide additional capacity to the company's development and transactions team.
The Development Coordinator will support the execution of our Regional Project Partner's development plans through the closing of each transaction. The Development Coordinator will support a lean team and be involved in all aspects of the transaction process through collaboration with third-party partners, the Finance team, the Legal team, the Asset Management team, and the Construction team. The Development Coordinator will follow each property through its full development life cycle and contribute to on time and efficient closings, while maximizing portfolio performance and gaining wisdom and best practices from each transaction.
This role is an outstanding opportunity for an experienced professional familiar with all the critical steps in closing real estate acquisitions and developments.
We are considering remote applicants as well as local candidates based in the Madison, Wisconsin metro area. This role reports to the VP & Regional Project Partner of Development for the Midwest.
What You'll Do
About This RoleLincoln Avenue Communities (LAC) is seeking a Development Coordinator to join our experienced team of real estate professionals who manage the development of affordable multi-family rental properties. LAC has a robust development pipeline and an aggressive plan to grow its national portfolio. The Development Coordinator will provide additional capacity to the company's development and transactions team.
The Development Coordinator will support the execution of our Regional Project Partner's development plans through the closing of each transaction. The Development Coordinator will support a lean team and be involved in all aspects of the transaction process through collaboration with third-party partners, the Finance team, the Legal team, the Asset Management team, and the Construction team. The Development Coordinator will follow each property through its full development life cycle and contribute to on time and efficient closings, while maximizing portfolio performance and gaining wisdom and best practices from each transaction.
This role is an outstanding opportunity for an experienced professional familiar with all the critical steps in closing real estate acquisitions and developments.
We are considering remote applicants as well as local candidates based in the Madison, Wisconsin metro area. This role reports to the VP & Regional Project Partner of Development for the Midwest.
What You'll Do
- Track development approval timelines & coordinate with internal and external parties to ensure all due diligence is complete and received in a timely manner. Work with financing partners and all consultants through site control until closing, while maintaining development schedules.
- Coordinate financing applications, including LIHTC, RAD, HOME Funds, CDBG Funds, AHP Funds, and other funding sources as needed.
- Coordinate financing checklists and keep internal reporting systems up to date (i.e., Dealpath, Smartsheets, etc.).
- Ensure assumptions and precise documentation of any zoning, LIHTC application commitments, and financing applications.
- Support the cross vertical development team members with contract/proposal reviews, accounts payable coordination, and coordination with other third-party partners (i.e., architects, property management, insurance providers, general contractors, etc.).
- Perform other duties as reasonably assigned.
- Proficient in Excel
- Detail and process-oriented with a drive to keep the development approvals on time
- Self-starter with the ability to work independently while also comfortable interacting with and collaborating with internal and external partners.
- Aptitude for creating strong internal relationships within LAC. Must be a strong collaborator among peer groups within the company.
- Passionate and aligned with the company's double-bottom-line mission: generating appropriate returns for investors and managing great, stable communities for our residents.
- Demonstrated experience or knowledge of managing real estate closing and/or coordinating legal documents.
- Ideally, this person brings has experience with managing multiple projects at once, and project management organization (i.e., managing closing checklists).
- Associate degree from a Legal Studies/Paralegal program, or related field with demonstrated performance and leadership in school and/or professionally (ie lender, investor, developer closing coordinator role) is required.
- Minimum of two (2) years of experience in housing development, investment, finance, or a related field.
- Proficient in using Microsoft Word and Adobe Acrobat.
- Performance-based bonuses
- Full medical, dental, and vision coverage for you and your dependents
- 401(k) plan with employer matching and immediate vesting
- Life and disability insurance
- Generous PTO, holidays, and sick time
- Paid parental leave
- Employee referral incentives
- Fun company and team-building events
- Continuous learning and development opportunities
Job Summary
JOB TYPE
Full Time
SALARY
$45k-55k (estimate)
POST DATE
05/30/2024
EXPIRATION DATE
11/12/2024
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The job skills required for Development Coordinator include Team Development, Coordination, Leadership, Commitment, Project Management, Collaboration, etc. Having related job skills and expertise will give you an advantage when applying to be a Development Coordinator. That makes you unique and can impact how much salary you can get paid. Below are job openings related to skills required by Development Coordinator. Select any job title you are interested in and start to search job requirements.
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The following is the career advancement route for Development Coordinator positions, which can be used as a reference in future career path planning. As a Development Coordinator, it can be promoted into senior positions as a Major Gifts Manager that are expected to handle more key tasks, people in this role will get a higher salary paid than an ordinary Development Coordinator. You can explore the career advancement for a Development Coordinator below and select your interested title to get hiring information.
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