Development Manager- RDU Corporate Office

Northwood Ravin•Durham, NC

2d•Onsite

About The Position

The Development Manager leads multifamily development projects across the full development lifecycle, from initial feasibility and acquisition through design, capitalization, construction, lease up, and stabilization. The role owns project strategy, financial performance, design, entitlements, consultant management, construction execution, and delivery, and connects senior leadership with the teams responsible for project execution. The manager works closely with senior Development leadership and directs architects, engineers, attorneys, contractors, consultants, and other project partners. The role also collaborates with Construction, Finance, Asset Management, Property Management, Marketing, and Operations to align development decisions with project objectives and long-term asset performance. It requires strategic and hands-on leadership, sound judgment, financial discipline, and the ability to make recommendations, address changing conditions, and drive decisions and resolutions. Northwood Ravin describes its culture as collaborative, accountable, and committed to excellence. The company offers competitive compensation, personal development, housing opportunities within its communities, and benefits intended to support well-being, financial stability, and life beyond work. Northwood Ravin is an equal opportunity employer.

Requirements

At least 5 years of progressive experience in real estate development.
Direct experience managing complex development projects through multiple stages of the development lifecycle.
Bachelor’s degree in Real Estate, Finance, Business, Construction Management, Architecture, Engineering, or a related discipline.
Strong financial acumen and significant experience with development underwriting, financial modeling, development budgets, cash flow forecasting, investment returns, and project feasibility.
Understanding of how development decisions affect project economics and long-term asset performance.
Direct experience managing architects, engineers, contractors, attorneys, consultants, and other external partners.
Understanding of entitlements, permitting, design development, preconstruction, construction, contracts, change management, project closeout, and related risks.
High proficiency in Excel and comfort reviewing and challenging detailed financial models, budgets, schedules, contracts, construction documents, and project reporting.
Ability to communicate with senior executives, investment partners, lenders, municipalities, contractors, and internal business leaders.
Ability to distill complex project information into clear recommendations and recognize when an issue requires escalation.
Ownership-oriented approach, including understanding project issues, their implications, relevant stakeholders, and required next steps.

Nice To Haves

Multifamily development experience is strongly preferred.
An MBA, Master of Real Estate Development, or other relevant graduate degree is preferred.

Responsibilities

Lead multifamily development projects from due diligence and entitlement through design, construction, lease up, and stabilization.
Own project business plans, budgets, schedules, financial performance, and key development milestones.
Lead project underwriting and evaluate development costs, operating assumptions, financing, projected returns, and overall feasibility.
Direct architects, engineers, contractors, attorneys, and consultants, and drive accountability for scope, schedule, budget, and quality.
Lead entitlement, permitting, design, and preconstruction strategies and resolve issues that could affect project execution.
Oversee construction performance, including cost management, schedules, change orders, draws, risk mitigation, and project delivery.
Drive key project decisions and present financial performance, risks, recommendations, and development strategy to senior leadership and investment stakeholders.
Partner with Construction, Finance, Asset Management, Property Management, Marketing, and Operations to position projects for successful turnover, lease up, and long-term performance.
Assess the implications of changing conditions, develop a path forward, and drive teams and stakeholders toward resolution.