Vice President of Real Estate Development and Asset Management

EAST HOUSE CORPORATION•City of Rochester, NY

About The Position

The Vice President of Real Estate Development and Asset Management is a senior-level leader responsible for overseeing RAUNY's real estate projects, facilities management, and procurement strategies. This role involves collaborating with organizational leadership to ensure that all real estate, facility, and procurement initiatives align with RAUNY’s business goals. The incumbent will manage the organization’s real estate portfolio, lead strategic planning for facility development, and oversee procurement processes to ensure quality, cost-effectiveness, and compliance.

Requirements

Bachelor’s degree in business, finance, accounting, real estate/community development, or a related field. Comparable education and experience may be considered.
10+ years of increasing responsibility in affordable housing, particularly in the development of housing for low and moderate-income households, facilities management, or procurement, with a strong background in multi-family housing and capital projects. Proven track record of successful large-scale projects.
5+ years’ experience in a senior leadership role (including supervision) with demonstrated experience of state and federal housing funding sources and programs and overseeing large-scale projects and cross-functional teams
Proven track record of successfully managing complex development projects from inception to completion.
Provided oversight for the financial, administrative, and regulatory compliance aspects of various affordable housing programs.
Extensive knowledge of real estate development, multi-family housing, financial structuring, and capital raising.
Proven experience in managing large-scale real estate projects, facilities, and procurement processes.
Strong leadership, negotiation, and project management skills.
Ability to work collaboratively with cross-functional teams and external partners.
Understands the requirements for NYS LIHTC and all other related funding applications involved with developing NYS affordable housing.
Values alignment: Ability to lead, perform, and be accountable in alignment with East House’s values of Humanistic, Optimistic, Integrity, Progressive and Collaborative
Strong business acumen: A solid understanding of the financial and economic factors that influence purchasing decisions is essential.
Strategic thinking: A strategic mindset helps to create procurement strategies that align with business needs and goals.
Excellent negotiation skills: Good negotiation skills and ability to balance being firm while kind when negotiating or navigating situations with a difference of opinion.
Attention to detail: High levels of attention to detail to spot potential risks and issues in time.
Strong leadership and team management skills with the ability to mentor and manage teams.
An understanding of the real estate development and public planning process; familiarity with public housing programs at the federal, state and local level.
Excellent financial acumen, with experience in budget management, financial analysis and modeling.
Advanced knowledge of real estate law, construction processes, and procurement regulations.
Excellent communication, interpersonal, problem-solving, and decision-making abilities.
Demonstrated ability to build rapport with internal and external stakeholders of all levels.
Effective decision-making abilities, including analyzing information and determining appropriate next steps on projects.
Ability to effectively collaborate with architects, engineers, and other specialists.

Responsibilities

Develops and executes on a real estate development, capital improvements (major and minor requests), and facility management strategy in partnership with the Board of Directors, Real Estate Committee, Chief Executive Officer and Chief Program Officer to ensure East House has high quality facilities that meet community needs.
Coordinates and follow through on development details with the construction, property management, legal and accounting departments, to ensure compliance with all funding agencies, due diligence and loan and equity closings.
Evaluates potential sites, conducts due diligence, and secures financing and approvals for affordable housing and other development projects.
Facilitates partnerships among developers, community-based organizations, capital partners, and governmental partners.
Drafts and submits budgets based on work scope and resource needs and effectively managing construction projects to ensure the timely and within-budget completion of new facilities.
Leads project management efforts, including assembling and coordinating development teams (architects, engineers, contractors), securing funding, and overseeing construction to ensure projects are completed on time and within budget.
Manages project construction as RAUNY’s representative at construction meetings, and resolves issues related to schedule, local permits, third party professional’s responsibilities and change order requests.
Manages the progression of all development projects including gaining board approval and the timely preparation of board materials.
Negotiates the purchase of land and/or existing apartment buildings and secure necessary permits, licenses, and funding for real estate projects.
Oversees facilities and property teams, partnering with the Director of Facilities and Property to create and monitor budgets, manage maintenance requests, and ensure project timelines and financial goals are met.
Prepares for and make public presentations as necessary for local approvals and community support, including the PADIVAN site selection process.
Provides oversight and administration for housing management for Recovery Associates of Upstate New York, East House Corporation and East House Properties, including planning, real estate development, financial analysis, subcontractor supervision and coordination with vendors for all construction and capital projects.
Serves as the primary staff liaison for the Board of Directors Real Estate Committee, managing development projects from inception through construction, including RFP responses, contract negotiations, and obtaining necessary permits and licenses providing updates as necessary.
Working together with Management to meet with local municipal leaders to garner support for proposed developments and negotiation of tax abatement agreements.
Track and manage key performance indicators (KPIs) related to real estate development, facilities management, and affordable housing property management, ensuring alignment with financial targets.
Budget Management: Support budget forecasting and manage expenditures for real estate and facilities, projects, including all large-scale purchases.
Maintains real estate procurement and project records in accordance with retention schedules.
Lead and coordinate multiple projects, ensuring adherence to timelines, budgets, and stakeholder expectations.
Collaborate with the Office of Ethics, Compliance & Quality to ensure compliance with all regulations and organizational policies.
Identify opportunities for continuous improvement, driving efficiency across all areas of responsibility.
Develop lead and participate in cross functional teams.
Perform cost analyses and return on investment (ROI) reviews for projects, processes, or products.
Oversee the proper disposal of all property and equipment.
Align with all relevant business functions in achieving strategic company targets.
Oversees project documentation and completion.
Collaborate with the Office of Ethics, Compliance & Quality to ensure compliance with all applicable regulations and organizational policies.
Identify opportunities for process improvements and cost savings, driving efficiency across all areas of responsibility.
May perform other duties as requested by the Chief Financial Officer.