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

Enterprise Community Partners • Bethesda, MD

1d • $105,000 - $116,000 • Hybrid

About The Position

The ECD Development Department acquires, rehabilitates, and develops multifamily housing to develop and preserve sustainable affordable housing. Its properties provide 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, design, approvals, construction, marketing, leasing, stabilization, and close-out. The role typically manages three to four developments at different stages and works closely with internal real estate, land acquisition, design and construction, accounting, and asset management colleagues, as well as external consultants and partners. The manager is expected to work independently and lead development teams and financing processes.

The position also supports senior staff with lender and investor relations, progress reporting and analysis, development budgets and schedules, and development draws. The role is based in a hybrid work environment in Bethesda, Maryland.

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 while organizing multiple tasks and objectives.
• Skills and experience negotiating acquisitions and financing commitments.
• Proficiency with Microsoft Word and Excel.
• Good decision-making, judgment, and problem-solving skills.
• 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 preferred.
• At least two years of affordable rental housing development experience preferred.
• Experience with the Federal Low Income Housing Tax Credit Program and affordable housing loan products preferred.
• Proficiency with MS Project and PowerPoint preferred.

Responsibilities

• Analyze potential properties for acquisition, prepare pro formas and written project documents, coordinate due diligence, analyze rental submarkets, and support senior development staff.
• Collaborate on responses to requests for proposals and bid solicitations, including developing concepts, analyzing project 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 agencies to meet financing and regulatory requirements and obtain approvals.
• Maintain development schedules and ensure timely completion of milestones, including closings.
• Coordinate professional consultants on the development team, schedule team meetings, and review consultant reports.
• Work with design and construction management staff, design professionals, and general contractors to develop financially feasible plans responsive to residents and communities, incorporating asset and property management recommendations.
• Conduct 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 materials for Board approvals.
• Participate in industry associations and forums as an ECD brand ambassador.
• Perform other duties as assigned.

Benefits

• Dental, health, and vision care plans.
• Family-building benefits, including adoption and surrogacy support.
• Flexible work arrangements.
• Health advocacy, EAP, 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.
• Annual performance bonuses may be part of the total rewards package.
• Generous paid leave programs.

What This Job Offers

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