Senior Project Manager

The Community Builders•Boston, MA

16d

About The Position

The Senior Project Manager, Acquisitions & Preservation works within The Community Builders’ Real Estate Finance Department and partners with Development, Asset Management, Legal, and other teams. The role supports the acquisition of existing properties and the preservation, repositioning, and rehabilitation of TCB’s housing portfolio. It provides financial analysis of acquisition opportunities and portfolio properties, helps develop and implement capital transactions, and leads cross-departmental teams toward acquisition and preservation outcomes. The role focuses on two areas: Acquisitions, including identifying prospects, analyzing properties and portfolios, structuring and financing deals, negotiating terms, and completing closings; and Portfolio Preservation, including evaluating financial repositioning and rehabilitation strategies, developing long-term preservation plans, and leading refinancing and associated rehabilitation work. The Senior Project Manager also identifies resyndication opportunities and builds relationships with funding agencies across TCB’s regions. The position offers exposure to varied developments, communities, geographies, and financial and legal structures, as well as opportunities for professional learning, creative problem-solving, and work with a national network of nonprofit developers and owners. The listed pay rate is $135,000–$160,000.

Requirements

Passion for real estate development and for helping build strong communities for all people.
Strong analytical and financial modeling skills.
Ability to lead internal and external project teams toward defined outcomes while building rapport with colleagues and upholding TCB standards.
Strong verbal and written communication skills.
Demonstrated ability to manage a varied workload and successfully lead multiple projects simultaneously.
Bachelor’s degree and/or Master’s degree.
Minimum 5–7 years of experience in the real estate industry.
Prior experience with Low Income Housing Tax Credits and affordable or mixed-income deal structures.
High comfort and ability with Microsoft Office, including Excel.

Nice To Haves

Familiarity with artificial intelligence tools, or willingness to use them to enhance efficiency.

Responsibilities

Partner with the Development department to implement and refine TCB’s acquisition strategy.
Participate in identifying acquisition prospects, including property data and market analysis.
Analyze acquisition opportunities, from single buildings to complex portfolios, through financial modeling and review of property financials, legal documents, and regulatory documents.
Generate offers to purchase.
Lead efforts to obtain debt and equity financing.
Lead inter-departmental teams through required due diligence.
Negotiate deal terms and documents and drive acquisition closings with support from the Legal team.
Cultivate and maintain relationships with real estate brokers.
Collaborate with Asset Management to develop and implement capital plans and strategic repositioning opportunities for TCB’s portfolio.
Evaluate financial repositioning opportunities to achieve preservation goals, such as cash delivery, reserve capitalization, or rehabilitation.
Develop long-term portfolio preservation strategies with Asset Management.
Lead implementation of financial repositioning efforts, including refinance closings and project management of associated rehabilitation scope.
Identify and financially structure portfolio resyndication opportunities for handoff to Development colleagues.
Develop relationships with local and state-level funding agencies in the regions where TCB works.