Senior Development Manager
About The Position
Jonathan Rose Companies is a leading owner, developer, and operator of green affordable and mixed-income communities. Founded in 1989, Rose has created projects with over $4.2 billion in value and a current portfolio of 19,000 apartment homes across 15 states and Washington D.C. The company's mission is to foster a more environmentally thriving, socially just world through the development, preservation, renovation, and management of green, affordable, and mixed-income housing. Rose Companies is a fully integrated firm with affiliates in investment management, development, asset management, construction management, solar energy, mortgage finance, and title services. They are committed to positive environmental impact through energy efficiency, decarbonization, and water conservation, and social impact by preserving and expanding housing affordability and connecting residents to essential services. The firm adheres to UN PRI, GRESB, TCFD, SASB, and GRI Standards. Their Development Team creates beautifully designed, affordable, mixed-income, green buildings that serve as a platform for social and environmental programming, aiming to be duplicatable models of cost-effective, green, transit-oriented urban development.
Requirements
- Responsible for leading development activities, including site/asset acquisition, entitlements, underwriting, land planning, design, construction, financing, lease-up and all other aspects of development.
- Serve as the day-to-day project lead of at least two mixed-income housing projects.
Responsibilities
- Leads in site feasibility analysis, RFP/RFQ proposals, and prepares necessary information to evaluate the development opportunity, including mixed-income and affordable housing feasibility, preliminary underwriting, and capital strategy.
- Manage the public approval process, including meetings with public officials and community representatives in coordination with senior leadership.
- Performs day-to-day management and advancement of the project.
- Develops and monitors project schedule, budgets.
- Manages the design consultants and project team.
- Attends all regularly scheduled project oversight meetings.
- Facilitates community outreach.
- Prepares reports for management, investors and partners.
- Develops proformas and updates them as the project progresses, tracking development costs and budget variances, collaborating effectively with the Accounting Department.
- Maintains project underwriting, sources and uses, return analyses, and sensitivity analyses for mixed-income and affordable housing transactions.
- Prepares financing applications, RFP, offering plan, and sources construction and permanent financing, including debt, equity, tax credit equity, subsidy, and other public/private financing sources.
- Negotiates terms and day-to-day management of the closing process.
- Supports equity raise efforts, including preparation of investor materials and responses to capital partner due diligence.
- Coordinates with project team in opening of the property, including coordination of model apartment, property management office set-up; coordinates with internal and external team to create marketing and leasing strategy for the completed development.
- Oversees lease-up activities, conversion to Permanent Financing and transition to Asset Management.
Stand Out From the Crowd
Upload your resume and get instant feedback on how well it matches this job.
What This Job Offers
Job Type
Full-time
Career Level
Senior
Education Level
No Education Listed
