Real Estate Development Project Manager

Jubilee Housing•Washington, DC

8d•$80,000 - $85,000•Hybrid

About The Position

The Real Estate Development Project Manager is involved from start to finish on development projects and is responsible for providing support to the project leadership of the Real Estate Development Division to ensure quality and timely execution of development of projects from start to completion. This support includes: land use coordination, financing support, project scheduling, contractor bidding and buyout and change order tracking, cost reporting, preparation of contracts, the handling of owner coordination, construction quality oversight, and project closeout. We mentor our team members, give them as much responsibility as they can handle, and award autonomy and career growth as merited. Jubilee strives to bring out the best in our people and empowers them to bring out the best in the communities we serve.

Requirements

Bachelor’s degree required
General knowledge of real estate development and construction principles/practices required
Minimum of 2 years’ experience in multi-family or mixed-use residential construction
Excellent problem-solving skills, with an adaptable and flexible style in working with all types of individuals
A self-starter that can handle multiple and competing deadlines.
Prepared to work with multiple financial partners on complex transactions, with an ability to understand the ultimate goal and outcome for Jubilee and the financial partner.
Creative and results-oriented, with a strong sense of urgency
Highly entrepreneurial and self-motivated, with the ability to work equally well on own as well as in a team environment
Desire to learn and adapt to situations

Nice To Haves

master’s degree preferred
experience in commercial real estate transactions an advantage
Experience with Low-Income Housing Tax Credits is a huge plus
Experience with other subsidies (tax exempt bond financing, New Market Tax Credits, Historic Tax Credits, AHP grants, etc.) a huge plus
Experienced dealing with subcontracts, subcontractors and/or self-perform work is a plus
Successful Project Management experience on projects in ground up commercial office and/or multifamily projects is a plus

Responsibilities

Work with project team on setting up individual project folders, tracking reports, budgets, schedules, logistics plans, compliance and corporate reporting
Conduct research to support all development functions, including acquisitions, due diligence, impact fees, utility costs, market analysis, construction costs, entitlements, etc.
Prepare pro forma development budgets and property operating budgets under the direction of a Development Manager.
Research and gather documentation for RFQ/RFP responses
Assist in the assemblage of RFQ/RFP responses and preparation for community preparations
Assist Vice President of Development with applications and financing proposals with multilayered financing sources.
Assist with land acquisition, including preparation of LOI’s and purchase contracts with legal counsel, and gathering of due diligence materials
Assist with the financial closing in conjunction with lenders, legal counsel and other project team members
Solicits consultant and contractor services for due diligence, design and construction services, reviews and evaluates the responses and obtains the services.
Attends site visits of potential property acquisitions and assists in market analysis, including preparing market reports, rent roll and resident file analysis and review of due diligence reports.
Manage the tracking of timelines and schedules
Review and understand the owner/developer responsibilities per any partnership agreements;
Assist in the submittal, change order, and pay request process;
Assist in generation of project costs and Job Cost Report;
Produce internal monthly summary reports;
Assists with the preparation of debt and equity financing applications for each of the projects.
Supports the team in closing the financing and manages the closing checklist.
Assists the Vice President of Real Estate Development with the construction administration process by coordinating the flow and filing of construction documents.
Analyzes progress against project schedule and modifies schedule as needed
Prepares internal and external reports on each project
Supports community development planning efforts working closely with the team, community residents and partners
Prepares presentations for meetings with tenants, other critical stakeholders and government officials
Assist pre-construction services in bidding projects including the RFP process
Participate in the project’s quality process including job walks and punchlist walks
Contribute to schedule and project close-out processes
Coordinate contracts, schedules and installation for initial delivery (e.g. fitness equipment, signage, audio/tech equipment, FFE, artwork, model unit or other owner related proposals, contracts and installation)
Performs other functions related to the success of Jubilee including interdisciplinary communications and projects. While direct reporting will be to the Vice President of Development, there will be, from time to time, interaction with the CEO, CFO and other senior members of the Jubilee team.