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

Enterprise Community Partners • Bethesda, MD

9d • $105,000 - $116,000 • Hybrid

About The Position

The ECD Development Department acquires, rehabilitates, and develops multifamily housing to create and preserve sustainable affordable housing. Its properties offer robust resident services to help residents achieve their life goals.

The Real Estate Development, Sr. Manager manages the full development process, from feasibility analysis and acquisition through financing, approvals, design, construction, marketing, leasing, stabilization, and close-out. The role typically manages three to four developments at different stages and works with internal colleagues and external consultants, including legal and design professionals, architects, engineers, construction managers, property managers, and leasing agents. The manager works independently to lead development teams and financing processes, while also supporting senior staff with lender and investor relations, progress reporting and analysis, development budgets and schedules, and development draws.

This position is hybrid and based in Bethesda, Maryland. The base salary range is $105,000–$116,000 per year, depending on skills and experience. Enterprise also notes that employees may receive annual performance bonuses and paid leave programs as part of its total rewards package.

Requirements

• Bachelor’s degree required.
• Three to five years of multifamily development experience, including experience across the development process from acquisition and financing through design, construction, and stabilization.
• Experience with complex, multi-layered real estate financing.
• Knowledge of land use, public financing, and real estate development regulations.
• Comfort with public speaking and community presentations.
• Experience managing developments under deadlines and organizing multiple tasks and objectives.
• Skills and experience negotiating acquisitions and financing commitments.
• Proficiency with Microsoft Word and Excel.
• Good decision-making skills, judgment, and problem-solving ability.
• Ability to work in a hybrid environment.
• Ability to take initiative and act with confidence.

Nice To Haves

• MBA, MS, MURP, MCP, or similar degree.
• At least two years of affordable rental housing development experience.
• Experience with the Federal Low Income Housing Tax Credit Program and affordable housing loan products.
• Proficiency with MS Project and PowerPoint.

Responsibilities

• Analyze potential property acquisitions, prepare pro formas and written project documents, coordinate due diligence, assess rental submarkets, and support senior development staff.
• Collaborate on responses to requests for proposals and bid solicitations, including developing concepts, analyzing economics and financing structures, and preparing proposal materials.
• Manage preparation of debt and equity financing applications for assigned developments.
• Prepare development and pro forma operating budgets, and manage development budgets to maintain balanced sources and uses and achieve revenue goals.
• Coordinate and present at resident and community meetings.
• Manage entitlement, zoning, permitting, community input, and approval processes.
• Review and negotiate draft loan and partnership documents and manage financial closings.
• Coordinate with federal, state, and local government agencies to meet financing and regulatory requirements and obtain approvals.
• Maintain development schedules and ensure timely completion of milestones, including closings.
• Coordinate professional consultants, schedule development team meetings, and review consultant reports.
• Work with design and construction management staff, design professionals, and general contractors to refine feasible, high-quality development plans responsive to residents and communities; incorporate asset and property management recommendations.
• Perform site visits as needed.
• Coordinate construction matters with construction managers, attend progress meetings, and review and approve development invoices and draws, including change orders.
• Monitor marketing and lease-up to meet or exceed goals.
• Oversee timely completion of the close-out process.
• Prepare quarterly updates and Board approval materials.
• Participate in industry associations and forums as an ECD brand ambassador.
• Perform other duties as assigned.

Benefits

• Comprehensive benefits package for employees and families.
• Dental, health, and vision care plans.
• Family-building benefits, including adoption and surrogacy support.
• Flexible work arrangements.
• Health advocacy, employee assistance program, and mental health benefits.
• Financial education and wellness programs.
• Company 401(k) plan with employer matching contributions.
• Learning and development opportunities, including tuition reimbursement for job-related courses and certifications.
• Potential annual performance bonuses and paid leave programs.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level