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Real Estate Development Manager - Jackson, United States - FHLB Des Moines
Description
Real Estate Development Manager - Baltimore/Silver Spring page is loadedReal Estate Development Manager - Baltimore/Silver Spring
Apply
locations
Baltimore, MD
Silver Spring, MD
time type
Full time
posted on
Posted Today
job requisition id
REQ2421
E nterprise is a national nonprofit that exists to make a good home possible for the millions of families without one.
We support community development organizations on the ground, aggregate and invest capital for impact, advance housing policy at every level of government, and build and manage communities ourselves.
Since 1982, we have invested $64 billion and created 95 1,000 homes across all 50 states, the District of Columbia, Puerto Rico and the U.S.
Virgin Islands – all to make home and community places of pride, power and belonging.Join us at
Working at Enterprise
At Enterprise, you'll be part of a diverse, committed team making a difference every day. You will collaborate with some of the smartest minds and biggest hearts in our field. You'll be empowered to drive systems change and take bold steps to advance racial equity. And you will find a career home where you're valued and supported in your growth journey.
Enterprise offers career opportunities in our offices across the country
with an
exceptional benefits package
.
Job Description Summary
The ECD Development Department specializes in acquiring, rehabilitating, and developing multi-family housing with the goal of developing and preserving sustainable affordable and mixed-income housing.
The properties owned and operated by ECD have robust resident services to assist residents in achieving their life goals.
The Real Estate Development Manager is responsible for managing the entire development process including feasibility analysis, acquisition, deal structuring, design development, financing, public approvals, construction, marketing, leasing and close-out.
This position can be based in either Silver Spring or Baltimore; it is primarily focused on core ECD markets in Maryland, DC, and Northern VA (aka the DMV).
The successful candidate should have working knowledge of Maryland, DC, and state housing and tax credit agencies and processes.Success in the position entails collaboration with colleagues including other real estate development staff and ECD Land Acquisition, Design & Construction Management, Accounting and Asset Management staff, and with third-party consultants such as legal and design professionals.
Each Real Estate Development Manager is responsible for three to four developments in various stages from preliminary feasibility analysis to close-out.
Primary responsibilities are focused on achieving the objectives for each active development and managing tasks related to property acquisition, pro-forma financial analysis, design, construction debt and equity financing, closings, lease-up and stabilization.
The Real Estate Development Manager is expected to work independently and effectively manage the development team (including architects and engineers, attorneys, internal and external construction managers, property managers and leasing agents) and the financing process.
Additional responsibilities include supporting senior staff in managing lender and investor relations; producing progress reports and analysis; maintaining development budgets and schedules; and processing development draws.
Job DescriptionResponsibilities:
Analyze potential properties to purchase, including producing proformas and creating written project documents, coordinate due diligence activities, analyze the rental sub-market, and generally support the VP/Director or Senior Real Estate Development Manager(s)
Work with team members to prepare responses to requests for proposals and solicitations for bids by collaborating on the creative concept, analyzing the economics and financing structure and preparing proposal materials.
Manage preparation of debt and equity financing applications for each assigned developmentPrepare development budgets and pro forma operating budgets and manage the development budget throughout the development process to ensure balanced sources and uses, and achievement of ECD revenue goals.
Coordinate and present at resident and community meetingsManage the entitlement/zoning and permitting processes, and related community input and approval processes.
Review and negotiate draft loan and partnership documents and manage the financial closing on each assigned development; coordinate with federal, state and local government agencies, ensuring that all financing and government regulations are met and required approvals obtained.
Manage and maintain development schedules to ensure timely completion of development milestones including closing.Coordinate the work of professional consultants comprising the development team, schedule development team meetings and review consultant reports.
Work closely with ECD or third-party design and construction management staff (as applicable), third-party design professionals and general contractors to generate and refine development plans to produce high quality communities that are both responsive to the needs of our residents and communities and are financially feasible.
Coordinate construction matters with the internal an/or third-party construction manager (as applicable) to complete construction on budget and schedule.Monitor marketing lease-up process to meet or exceed lease-up goals.
Oversee timely completion of close-out process.
Prepare quarterly updates and Board approval materials.
Participate in industry associations and forums as a brand ambassador for ECD.
Perform all other duties as assigned.
Total Rewards at
Enterprise:
You will be working with a group of talented professionals who are motivated by serving the community and addressing the need for affordable housing.
The base salary for this role is $118,000 depending on level of skills and experience.
The salary range for this position is represented by the low and high end of the range for the amount to be paid for the position.
programs.
At Enterprise, our benefits form a major component of our total rewards package.
Benefits include dental, health, and vision care plans, as well as family-building benefits, such as fertility, adoption, surrogacy support, and gender-affirming care.
Enterprise allows flexible work arrangements to promote a better work-life balance. We offer health advocacy, EAP, and mental health benefits.We round out our total rewards package by offering financial education, wellness programs, and auto-enrollment in the company's 401(k) plan with employer matching contributions.
Finally, you will have learning and development opportunities, including tuition reimbursement for job-related courses andcertifications.
Thank you for your interest in joining the Enterprise team in our effort and commitment to serve others.
#LI-MZ1
#IN
Qualifications:
Bachelor's degree required, MBA/MS, MURP/MCP or similar preferred.
Three (3) to five (5) years of multifamily development experience.
Experience with all aspects of the real estate development process, from acquisition and financing through design and construction to stabilization required; at least two years of affordable rental housing development experience preferred.
Experience with complex, multi-layered real estate financing, preferably with the Federal Low Income Housing Tax Credit Program and affordable housing loan products.
Knowledge of land use, public financing and real estate development regulations.Comfortable with public speaking and community presentations
Experience managing developments under deadlines that required the organizing of multiple tasks and objectives.
Applicant must have skills and experience in negotiating acquisitions and financing commitments.
Proficiency with Word and Excel is required; proficiency with MS Project and PowerPoint is preferred.
Good decision-making skills, sound judgment, and problem-solving approach
Ability to take initiative and with confidence.
Similar Jobs (1)
Real Estate Development Manager - Baltimore/Silver Spring
locations
2 Locations
time type
Full time
posted on
Posted 2 Days Ago
Enterprise Community Partners is a national nonprofit that exists to make a good home possible for the millions of families without one.
Home is where life happens, where plans are made and futures begin. The foundation for dignity, health,education, wealth
and community.
Yet rents keep going up, paychecks don't keep pace, and good homes in strong neighborhoods are increasingly out of reach.
The system doesn't work. It must be changed, and it must be changed by us.What We Do
Everything we do is informed by the residents we serve:
Support community development organizations on the ground
Aggregate and invest capital for impact in homes and communities
Advance housing policy at every level of government
Build and manage communities ourselves
Our Goals
Together with our partners, we focus on the greatest need – the massive shortage of affordable rental homes – to achieve three goals:
Increase the supply of affordable homes
Advance racial equity after decades of systematic racism in housing
Strengthen communities to be resilient to the unpredictable and make upward mobility possible
Our Impact
Since 1982, we have invested $64 billion and created 95
1,000 homes across all 50 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands – all to make home and community places of pride, power and belonging.
We are here for impact. We are here for change. Join us.
Enterprise is an Equal Opportunity Employer.
We value a diverse workforce and strive to create an inclusive culture. Enterprise encourages and
considers applications
from all qualified individuals without regard to race, color, religion, gender, sexual orientation, gender identity or expression, age, national origin, marital status, disability, veteran status or any other characteristic protected by applicable law.
Enterprise is committed to providing reasonable accommodations for individuals with disabilities to ensure full participation in the interview process and to perform essential job functions.
Contactto learn more.
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