Managing Director, Real Estate Development

Managing Director, Real Estate Development
RiseBoro Community Partnership
Employment Type: Full Time
Shift: Day
The Managing Director is responsible for the successful execution of an exciting, robust, and growing pipeline of 5,000 units of new and rehabilitated construction, as well as the repositioning of RiseBoros existing assets of 3,000+ units. This is a midcareer, growth position for a professional with core affordable housing development experience, excellent financial underwriting acumen, a proven track record driving deal completion and profitability from start to finish, and a passion for RiseBoros mission to unleash the potential for communities to thrive regardless of obstacles.
Advance RiseBoros realestate pipeline in service of our mission.
Ensure all development projects embody RiseBoros core virtues: Respect, Integrity, Compassion, Equity, and Empowerment.
Work independently to ensure successful, timely, and profitable projects, delivering on all development phases from predevelopment to operations.
Identify and develop relevant key performance and risk indicators, assess emerging risks and opportunities, and develop executable plans to address all.
Ensure project financial performance meets high standards.
Lead analysis of potential new development deals, preparing investment memos for senior leadership and board review.
Coordinate responses to competitive development RFPs and RFQs.
Seek and identify new opportunities to expand the RB Development Pipeline.
In coordination with the Director of Asset Management, develop and execute repositioning strategy for existing assets.
Provide mentorship and training to Project Managers and less experienced team members, instilling bestpractice underwriting and operational excellence.
Cultivate and curate strategic relationships to enhance the organizations impact and reach, including key funders, investors, development partners, government agencies, tenants, elected officials, and other stakeholders.
Progressive experience in lowincome housing tax credits (9% and 4%), bond financing, and Year 15 transactions.
Knowledge of city and state agencies, programs, and development processes.
Management/supervisory experience.
Selfstarter with a passion for urban planning and social responsibility.
Ability to manage and execute multiple critical priorities.
Proficiency in Microsoft Office Suite, specifically advanced Excel skills.
Understanding of institutional and structural racism and bias and their impact on underserved communities.
Commitment to supporting communities who have experienced systemic oppression and/or bias.
Bachelors degree required; Masters degree in Real Estate, Urban Planning, Business, or similar field preferred.
~48 years of project management experience in affordable housing, development, or related fields.
~35 years experience underwriting NYC affordable housing transactions.
~EQUAL EMPLOYMENT OPPORTUNITY (EEO)/AFFIRMATIVE ACTION POLICY STATEMENT
No individual will be discriminated against on the basis of race, color, age, creed, religion, national origin, citizenship status, political or union affiliation, marital or partnership status, sex, sexual orientation, gender identity, familial status, genetic information, disability, status as a victim of domestic violence, status as a veteran, or any other characteristic protected by law. This policy applies to all terms and conditions of employment, including but not limited to recruitment, hiring, compensation, benefits, training, promotion, and termination. RiseBoro makes reasonable accommodations based on religion and/or disability as required by law, and requests for accommodation should be directed to the Human Resources Department.
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