Real Estate Development, Senior Manager (Hybrid) Bethesda, MD.

Job Description

The Real Estate Development, Senior Manager is responsible for managing several large-scale, complex, public-private real estate development projects. These projects require a seasoned professional with experience in master planning, community process, re-zoning, and multi-layered public-private financing. While these projects focus on affordable rental housing, they may also include market rate and/or for-sale product with the assistance of outside partners.

The understanding of community priorities and challenges is essential to delivering a robust program that provides a platform for resident success. The Senior Manager will manage the entire development process including feasibility analysis, acquisition, partner management, deal structuring, design development, financing, public approvals, construction, marketing, leasing and close-out.

• Manage all aspects of several complex public-private mixed income housing developments in the State of Virginia and the DMV
• Negotiate development agreements, secure site control, manage land use approval processes, lead program design and financing, close financing and oversee construction and lease up
• Aid in the creation and execution of a strategic business plan for the State of Virginia, including business intelligence on strategic markets and funding opportunities
• Initiate and own relationships with both funders and municipalities
• Supervise junior development staff as needed
• Analyze potential properties to purchase, including producing proformas and creating written project documents, coordinate due diligence activities, analyze the rental sub-market, and generally support the Senior Director
• Work with team members to prepare responses to requests for proposals and solicitations for bids by collaborating on the creative concept, analyzing the economics and financing structure and preparing proposal materials
• Manage preparation of debt and equity financing applications for each assigned development
• Prepare development budgets and pro forma operating budgets and manage the development budget throughout the development process to ensure balanced sources and uses, and achievement of ECD revenue goals
• Cookordination and presentation at resident and community meetings
• Manage the entitlement/zoning and permitting processes, and related community input and approval processes
• Review and negotiate draft loan and partnership documents and manage the financial closing on each assigned development; coordinate with federal, state and local government agencies, ensuring that all financing and government regulations are met and required approvals obtained
• Manage and maintain development schedules to ensure timely completion of development milestones including closing
• Coordinate the work of professional consultants comprising the development team, schedule development team meetings and review consultant reports
• Work closely with ECD or third-party design and construction management staff (as applicable), third-party design professionals and general contractors to generate and refine development plans to produce high-quality communities that are both responsive to the needs of our residents and communities and are financially feasible
• Coordinate construction matters with the internal an/or third-party construction manager (as applicable) to complete construction on budget and schedule
• Maintain oversight of marketing and lease-up process to meet or exceed lease-up goals
• Oversee timely completion of close-out process
• Prepare quarterly updates and Board approval materials
• Participate in industry associations and forums as a brand ambassador for ECD

Qualifications

• Bachelor’s degree and 5-10 years of multifamily development experience required; MBA/MS, MURP/MCP or similar preferred
• Experience with all aspects of the real estate development process, from acquisition and financing through design and construction to stabilization required; at least two years of affordable rental housing development experience preferred