Chief Real Estate Officer

2 weeks ago

Largo, United States Revenue Authority Prince Georges County Full time
Job DescriptionJob Description

Position: Chief Real Estate Officer

Status: Full Time, Benefit Eligible

Reports to: Executive Director, Administration

Telework Status: Eligible for Hybrid Work Schedule

The Revenue Authority of Prince George’s County is a quasi-governmental entity that serves as a real estate development and development finance agency, an operator of programs and facilities, and a manager of programs and facilities in partnership with other County agencies.

This is a senior level professional position with responsibilities in the areas of real estate development, development finance, property and asset management and strategic partnering/networking.

Responsibilities:

  • Provides day-to-day leadership and management to staff.
  • Ensures team’s alignment with the Agency’s mission and organizational goals.
  • Collaborates with peers and employees in other departments to improve Agency operations.
  • Directs the planning, development, and implementation of all real estate and economic development functions.
  • Administers and manages policies, standards, practices, and security measures to assure effective and consistent department operations.
  • In partnership with Human Resources recruits, hires, trains, supervises mentors, evaluates, and develops assigned employees and consultants according to Agency’s policies and procedures, ensuring the overall smooth function of the department.
  • Participates in the development of the Agency’s plans and programs as a strategic partner.
  • Leads strategic planning for real estate, develop and implement new initiatives.
  • Ability to partner with Agency leadership and translate their needs into actionable and practical initiatives.
  • Primary focus on developing alternate funding sources to meet aggressive growth plans and close complex land acquisition transactions.
  • Develops different capital/investment sources via banking, private equity, and alternate investment sources.
  • Structures capital intensive deals with the goal of minimizing risk.
  • Monitors and evaluates appropriateness, impact, and financial sustainability of the Agency’s property portfolio, active development projects, and pipeline projects.
  • Develops working relationships with developers, private equity, lenders, and alternate sources of financing entities.
  • Leads and negotiates complex real estate development deals including those with accelerated timelines.
  • Develops, reviews and analyzes financial reports, budgets and cash flow for all phases of the development projects and timelines for various stages of the acquisition and development process.
  • Develops and produces marketing tools and deal packages to attract funding sources.
  • Develops models for real estate and development finance transactions.
  • Directs market research to identify development opportunities.
  • Manages development projects from start to finish, ensuring that each stage is completed on time, within budget, and according to specifications. Ensures the value of a project in terms of design, functionality, cost and location.
  • Presents project summaries and action memoranda to the Executive Director, Economic Development Review Committee and the Board of Directors.
  • ·Represents the Agency at conferences, on panels and on task forces as assigned.
  • Oversees asset management functions for the Agency’s real estate portfolio.

Qualifications/Skills Required:

  • Bachelor’s degree is required.
  • A minimum of 10 years of relevant experience in real estate development, economic development, and/or finance.
  • Mixed-use development experience preferred.
  • Experience in asset management, the real estate development process, affordable housing, deal structuring and finance.
  • Strong working knowledge of municipal bonds, tax credits, TIFs, PILOTs and other public finance programs, including affordable housing finance programs.
  • Experience in the Low Income Housing Tax Credit (LIHTC) program.
  • Ability to stay abreast of changes in the programs as well as state/local legislation necessary to perform the responsibilities of the position.
  • Ability to work independently in a fast-paced, often changing environment.
  • Strong interpersonal skills and the ability to lead a multi-disciplinary team of consultants and partners.
  • Detail-oriented, entrepreneurial self-starter with the ability to manage multiple tasks simultaneously.
  • Strong communications skills, including both verbal and written, project management, organizational and negotiation skills.
  • Results-oriented, can-do attitude with a professional discipline.
  • ·Innovative thinker, creative problem solver; quickly identifies and resolves issues.
  • Excellent analytical skills.

Why Should You Join Our Team

As a dynamic agency, we understand what it means to have a work culture that is dedicated and flexible to create a work/life balance. The Revenue Authority of Prince George’s County is an equal opportunity employer committed to promoting an inclusive work environment free of discrimination and harassment. We are committed to our mission and values, while promoting a sense of belonging and growth with our coworkers.

Together, we continue to build a culture that encourages, supports, and celebrates the diverse voices of our employees.

We are proud to offer a comprehensive benefits package including:

  • Medical, Dental, vision, EAP services, and more
  • Vacation, Sick and Personal Leave
  • 401K Retirement Savings Plan
  • Telework/Hybrid Work for Qualified Positions
  • Opportunities for Professional Development
  • Friendly Team-oriented Work Environment

If you are interested in this position, we encourage you to apply

Conditions of Employment

Must undergo background check.

Eligibility to Work

Under the Immigration Reform and Control Act of 1986, an employer is required to hire only U.S. citizens and lawfully authorized alien workers. Selected candidates for employment will be required to show and verify authorization to work in the United States.

Closing Date

Open until filled.

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