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

Enterprise Community Partners•Bethesda, MD

1d•$105,000 - $1,116,000•Hybrid

About The Position

The ECD Development Department specializes in acquiring, rehabilitating, and developing multi-family housing with the goal of developing and preserving sustainable affordable housing. The properties owned and operated by ECD have robust resident services to assist residents in achieving their life goals.

Requirements

Bachelor’s degree required, MBA/MS, MURP/MCP or similar preferred.
3-5 years of multifamily development experience.
Experience with all aspects of the real estate development process, from acquisition and financing through design and construction to stabilization.
At least two years of affordable rental housing development experience preferred.
Experience with complex, multi-layered real estate financing, preferably with the Federal Low Income Housing Tax Credit Program and affordable housing loan products.
Knowledge of land use, public financing and real estate development regulations.
Applicant must be comfortable with public speaking and community presentations.
Experience managing developments under deadlines that required the organizing of multiple tasks and objectives.
Applicant must have skills and experience in negotiating acquisitions and financing commitments.
Proficiency with Word and Excel is required.
Good decision-making skills, judgment and ability to solve problems.
Ability to work in a hybrid environment.
Ability to take initiative and with confidence.

Nice To Haves

Proficiency with MS Project and PowerPoint is preferred.

Responsibilities

Managing the entire development process including feasibility analysis, acquisition, deal structuring, design development, financing, public approvals, construction, marketing, leasing and close-out.
Achieving the objectives for each active development and managing tasks related to property acquisition, pro-forma financial analysis, design, construction debt and equity financing, closings, and lease-up and stabilization.
Working independently and effectively manage the development team (including architects and engineers, attorneys, internal and external construction managers, property managers and leasing agents) and the financing process.
Supporting senior staff in managing lender and investor relations; producing progress reports and analysis; maintaining development budgets and schedules; and processing development draws.
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 VP/Director or Associate Real Estate Development 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.
Coordinate and present 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 the 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.
Gather and integrate recommendations of asset management and property management staff.
Perform site visits as needed.
Coordinate construction matters with the internal and/or third-party construction manager (as applicable) to complete construction on budget and schedule.
Attend construction progress meetings.
Review and approve development-related invoices and draws, including change orders.
Monitor marketing 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 brand ambassadors for ECD.
Perform all other duties as assigned.

Benefits

dental, health, and vision care plans
family-building benefits, such as adoption and surrogacy support
flexible work arrangements
health advocacy
EAP
mental health benefits
financial education
wellness programs
auto-enrollment in the company's 401(k) plan with employer matching contributions
learning and development opportunities, including tuition reimbursement for job-related courses and certifications
annual performance bonuses
generous paid leave programs