Real Estate Development Project Manager

Jubilee Housing•Washington, DC

18h•$80,000 - $90,000•Hybrid

About The Position

The Real Estate Development Project Manager supports project leadership in Jubilee Housing’s Real Estate Development Division and contributes throughout the full development lifecycle, from property identification and design conception through construction completion and turnover to Jubilee Property Management and Jubilee Services. The role supports quality and timely project execution through land-use coordination, financing, scheduling, contractor bidding and buyout, change-order tracking, cost reporting, contract preparation, owner coordination, construction-quality oversight, and project closeout. The position works closely with project teams, community residents, partners, consultants, contractors, lenders, legal counsel, tenants, stakeholders, government officials, and Jubilee leadership. It supports acquisition and due diligence, development and operating budgets, financing applications and closings, construction administration, project reporting, community development planning, and initial delivery of owner-related items. The position reports to the Vice President of Development, with occasional interaction with the CEO, CFO, and other senior team members. Jubilee describes a mentoring approach in which Associates are given responsibility and autonomy as merited, with opportunities for career growth. The role follows a four-day onsite hybrid work schedule agreed upon with the manager.

Requirements

At least 1 year of construction management experience.
Bachelor’s degree.
General knowledge of real estate development and construction principles and practices.
At least 2 years of experience in multifamily or mixed-use residential construction.
Excellent problem-solving skills and an adaptable, flexible approach when working with different types of people.
Ability to handle multiple and competing deadlines as a self-starter.
Ability to work with multiple financial partners on complex transactions and understand the goals and outcomes for Jubilee and its financial partners.
Creative, results-oriented approach and a strong sense of urgency.
Self-motivation and ability to work independently as well as in a team environment.
Willingness to learn and adapt to situations.
Ability to follow the required four-day onsite hybrid schedule agreed upon with the manager.

Nice To Haves

Master’s degree.
Experience with commercial real estate transactions.
Experience with Low-Income Housing Tax Credits.
Experience with other subsidies, including tax-exempt bond financing, New Markets Tax Credits, Historic Tax Credits, and AHP grants.
Experience dealing with subcontracts, subcontractors, and/or self-perform work.

Responsibilities

Work with the project team to establish project folders, tracking reports, budgets, schedules, logistics plans, compliance materials, and corporate reporting.
Conduct research supporting development functions, including acquisitions, due diligence, impact fees, utility costs, market analysis, construction costs, and entitlements.
Prepare development pro forma budgets and property operating budgets under the direction of a Development Manager.
Research and gather documentation for RFQ/RFP responses, assist in assembling responses, and prepare for community presentations.
Assist the Development Manager with applications and financing proposals involving multiple financing sources.
Assist with land acquisition, including preparing letters of intent and purchase contracts with legal counsel and gathering due diligence materials.
Assist with financial closings in coordination with lenders, legal counsel, and other project team members.
Solicit consultant and contractor services for due diligence, design, and construction; review and evaluate responses and obtain services.
Attend site visits for potential acquisitions and assist with market analysis, market reports, rent rolls, resident-file analysis, and due diligence report review.
Track project timelines and schedules; analyze progress against schedules and modify schedules as needed.
Review and understand owner/developer responsibilities under partnership agreements.
Assist with submittals, change orders, and pay requests.
Assist in generating project costs and Job Cost Reports.
Produce internal monthly summary reports and prepare internal and external project reports.
Assist with debt and equity financing applications, support financing closings, and manage closing checklists.
Support the Vice President of Real Estate Development with construction administration by coordinating the flow and filing of construction documents.
Support community development planning with the team, community residents, and partners.
Prepare presentations for meetings with tenants, critical stakeholders, and government officials.
Assist with pre-construction bidding services, including the RFP process.
Participate in project quality processes, including job walks and punch-list walks.
Contribute to project scheduling and closeout processes.
Coordinate contracts, schedules, and installation for initial delivery items such as fitness equipment, signage, audio/technology equipment, furniture, fixtures and equipment, artwork, and model units.
Perform other functions supporting Jubilee’s success, including interdisciplinary communications and projects.
Provide three professional references if selected for the role and consent to a pre-employment background check, including employment and education verifications, as a condition of employment.