Real Estate Development Manager with Strategic Focus

6 days ago

Denver, Colorado, United States Rocky Mountain Mutual Housing Association Inc Full time
Job Description

The Real Estate Development Manager will be a key partner to the VP of Real Estate in determining long-term departmental vision and setting the course for future development and acquisition opportunities at Rocky Mountain Communities. The successful candidate will have hands-on experience in all aspects of multi-family rental housing development, finance, and construction.

This role involves strategic planning, financial analysis, and project management, focusing on new construction and the acquisition/rehabilitation of affordable housing. Key responsibilities include entitlements, design, financial analysis, deal memo preparation, due diligence, legal oversight, budgeting, and construction. This position provides significant professional growth and exposure to complex real estate transactions.

The full-time position requires occasional travel throughout Colorado to tour properties, attend meetings, and support organizational expansion. This includes developing and supporting new real estate partnerships and opportunities.

Key Responsibilities:

  • Review and analyze the financial performance of existing developments.
  • Assist senior management with tasks related to the overall growth and management of the real estate, property management, and construction portfolio.
  • Prepare detailed cost and cash flow budgets, estimates of project development, pro-formas, and other financial analyses for the development of projects.
  • Obtain neighborhood support and local approvals for proposed development plans, including submitting land use applications and attending zoning and City Council hearings.
  • Coordinate activities of architects, contractors, and other team members.
  • Assemble financing for new projects, including preparing tax credit applications, grant and loan applications, and documents associated with development and construction.
  • Review legal documents in relation to LIHTC deal closings and interface with attorneys.
  • Provide funders and insurance companies with due diligence items and other information.
  • Manage and support the loan draw process.
  • Prepare financial, covenant, and compliance reporting to lending institutions, investors, insurance companies, and governmental entities.
  • Meet lease-up targets and coordinate with the property management department.
  • Closure and obtaining required closeout documents.
  • Liaise with internal and external business partners during the entire life cycle of developments.

Qualifications:

  • Bachelor's degree in architecture, planning, business administration, real estate, finance, economics, or other related fields.
  • Experience in real estate development, preferably 4-6 years in multi-family development – LIHTC preferred.
  • Strong quantitative and technical skills, including MS Excel, Word, PowerPoint, and Project.
  • Project management skills, results-driven, with ability to manage multiple deadlines and switch priorities quickly.
  • Attention to detail, excellent organizational skills, high energy, and drive.
  • Team player but also self-starter who can perform with limited direction.
  • Excellent verbal and written communication skills.

About the Position:

We offer an estimated salary range of $80,000-$110,000 per year based on qualifications and experience, plus benefits, including health insurance, retirement plan, and paid time off. If you are a motivated professional looking for a challenging role with opportunities for growth and professional development, we encourage you to apply.

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