Chief Real Estate Officer

3 days ago

Upper Marlboro, Maryland, United States Revenue Authority of Prince George's County Full time
Job Summary

We are seeking a highly experienced and skilled Chief Real Estate Officer to join our team at the Revenue Authority of Prince George's County. As a senior-level professional, you will be responsible for leading our real estate development and finance functions, ensuring alignment with our mission and organizational goals.

Key Responsibilities
  • Provide day-to-day leadership and management to staff, ensuring effective team performance and goal achievement.
  • Collaborate with peers and employees in other departments to improve Agency operations and drive business growth.
  • Direct the planning, development, and implementation of all real estate and economic development functions, including asset management and strategic partnering.
  • Administer and manage policies, standards, practices, and security measures to ensure effective and consistent department operations.
  • Recruit, hire, train, supervise, mentor, evaluate, and develop assigned employees and consultants according to Agency policies and procedures.
  • Participate in the development of the Agency's plans and programs as a strategic partner, leading strategic planning for real estate and developing new initiatives.
  • Develop and implement alternate funding sources to meet aggressive growth plans and close complex land acquisition transactions.
  • Structure capital-intensive deals to minimize risk, monitor and evaluate the appropriateness, impact, and financial sustainability of the Agency's property portfolio.
  • Develop working relationships with developers, private equity, lenders, and alternate sources of financing entities, leading and negotiating complex real estate development deals.
  • Develop, review, and analyze financial reports, budgets, and cash flow for all phases of development projects and timelines.
  • Develop and produce marketing tools and deal packages to attract funding sources, developing models for real estate and development finance transactions.
  • Direct market research to identify development opportunities, managing development projects from start to finish.
  • Present project summaries and action memoranda to the Executive Director, Economic Development Review Committee, and the Board of Directors.
  • Represent the Agency at conferences, on panels, and on task forces as assigned, overseeing asset management functions for the Agency's real estate portfolio.
Qualifications and Skills
  • Bachelor's degree required, with a minimum of 10 years of relevant experience in real estate development, economic development, and/or finance.
  • Mixed-use development experience preferred, with a strong working knowledge of municipal bonds, tax credits, TIFs, PILOTs, and other public finance programs.
  • Experience in the Low Income Housing Tax Credit (LIHTC) program, with the ability to stay abreast of changes in programs and state/local legislation.
  • Strong interpersonal skills, with the ability to lead a multi-disciplinary team of consultants and partners, and excellent analytical skills.
  • Results-oriented, with a can-do attitude and a professional discipline, and an innovative thinker with creative problem-solving skills.
Why Work with Us

We offer a comprehensive benefits package, including medical, dental, vision, EAP services, vacation, sick and personal leave, 401K retirement savings plan, telework/hybrid work for qualified positions, opportunities for professional development, and a friendly team-oriented work environment.

We are an equal opportunity employer committed to promoting an inclusive work environment free of discrimination and harassment, and we are proud to offer a culture that encourages, supports, and celebrates the diverse voices of our employees.

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