Real Estate Development Manager
4 weeks ago
The Real Estate Project Manager is responsible for overseeing all phases of real estate development for Amazing Explorers Academy's new construction and rehabilitation projects from project inception through construction completion and stabilization under the direction of the CEO.
Key Responsibilities:
- Perform development site analysis including zoning, site capacity, program options, and financial feasibility.
- Create financial models for all types of real estate transactions including development budget, construction and permanent funding sources, operating budget, cash flow statement, and construction closing schedules.
- Assemble and manage the development team including project architect, engineers, general contractor, lenders, legal counsel, and consultants.
- Review and negotiate engagement contracts, lender and syndicator letters of interest (LOIs), all construction closing legal documents, and agency regulatory agreements.
- Carry out due diligence of development sites including ordering and analyzing appraisals, inspections, preliminary title reports, environmental reviews, and market analyses.
- Oversee development activities including but not limited to the site and building design, managing community and tenant relations, and obtaining elected officials' support.
- Coordinate project acquisition, pre-development, construction, and permanent financing including the preparation of applications for conventional debt, tax-exempt bonds, LIHTC equity, Reso A funds, grants, and agency subsidy funds.
- Monitor development projects during construction, manage construction issues and change orders, prepare monthly status reports, and submit monthly construction requisitions.
- Respond to Request For Proposals (RFPs) for housing and community development projects.
Requirements:
- Min. BA/BS degree with 2+ years of work experience in a real estate development or related field.
Preferred Qualifications:
- Experience with project coordination: managing clients and consultants; meeting project deadlines; and managing communication with government agencies.
- Entrepreneurial in identifying problems and obstacles and proposing solutions based on independent research and analysis to the Housing Development team.
- Experience in real estate development, urban planning, architecture, construction, finance, property management, and community development strongly preferred - familiarity with city, state, and federal affordable housing programs and policies.
- Excellent oral and written communication skills, computer expertise (Word & Excel), and ability to work on several projects simultaneously and independently.
- Bi-lingual Spanish-English Language - a plus.
Compensation:
commensurate with experience; Life, Dental, Medical Reimbursement and other fringe benefits.
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