Vice President Real Estate

Rocky Mountain Mutual Housing Association Inc • Denver, CO

6d • $185,000 - $210,000 • Hybrid

About The Position

The Vice President of Real Estate leads RMC’s real estate and asset management teams, overseeing all phases of the development lifecycle – from site acquisition to project stabilization and long-term portfolio sustainability. Responsibilities include recapitalization of existing properties, new construction, acquisition and rehabilitation, portfolio syndication, and joint ventures with other partners. The VP of Real Estate will be a pivotal strategic partner in determining the long-term vision and setting the future course of the department and the organization. This represents a new position within RMC and contemplates a more formal integration of real estate development and asset management under one reporting structure to maximize development prioritization and portfolio performance. This full-time position includes regular travel throughout Colorado to tour properties, attend meetings, and support organizational expansion, including managing, mentoring, and evaluating RMC staff, and supporting new real estate partnerships.

Requirements

• Bachelor's degree in real estate, business, finance, planning, public administration, or a related field, or an equivalent combination of education and experience
• At least 10 years of progressively responsible experience in multifamily or affordable housing development, asset management, real estate finance, or a closely related field
• Demonstrated experience leading affordable housing projects through acquisition, financing, design, construction, lease-up, stabilization, and long-term ownership
• Experience leading teams and managing complex initiatives across multiple internal functions and external partners
• Deep knowledge of affordable housing development and finance, including LIHTC, tax-exempt bonds, HOME, state and local housing programs, and public-private capital structures
• Experience with complex developments and capital stacks, including mixed-use or condominium structures and projects generally ranging from $20 million to $100 million
• Strong understanding of affordable housing asset management, property-level financial statements, operating budgets, capital needs, reserves, compliance obligations, and portfolio risk.
• Ability to evaluate real estate opportunities, perform financial analysis, build and interpret budgets and projections, and translate complex information into sound recommendations
• Excellent leadership, communication, negotiation, public presentation, conflict resolution, organizational, and problem-solving skills
• Sound judgment, a high tolerance for ambiguity, and the ability to prioritize, make decisions, and remain effective under pressure
• Proficiency with Microsoft Word and Excel, including the ability to create, analyze, and present financial information
• Commitment to RMC's mission and sensitivity to the needs and experiences of lower-income residents and communities

Nice To Haves

• A relevant master's degree is preferred but not required
• Knowledge of Colorado's real estate environment, entitlement processes, public approvals, and affordable housing ecosystem is strongly preferred
• Strong relationships with brokers, contractors, design professionals, public agencies, lenders, investors, and other real estate partners are preferred

Responsibilities

• Thought leader for RMC on (re)development strategy, focus, and cadence
• Partner with RMC leadership to establish and carry out the organization's real estate growth, preservation, and portfolio strategy
• Lead, develop, and support the real estate development and asset management teams, including staff evaluation, coaching, training, and resource planning
• Create strong coordination among development, asset management, property management, resident services, finance, and executive leadership
• Establish clear goals, performance expectations, reporting practices, and accountability across the real estate portfolio
• Lead Board Development Committee meetings and provide regular, clear reporting to the Board of Directors
• Lead role in formulating (re)development strategy, priorities, and resourcing
• Identify, evaluate, and advance potential development sites, acquisitions, rehabilitation opportunities, portfolio syndications, and joint ventures
• Negotiate acquisition agreements and oversee due diligence, feasibility analysis, entitlement, environmental review, and public approval processes
• Lead responses to requests for qualifications and proposals, grant applications, and public and private funding opportunities
• Structure and secure predevelopment, construction, and permanent financing using complex, multilayered capital stacks, including Low-Income Housing Tax Credits, tax-exempt bonds, HOME, state and local programs, grants, and conventional sources
• Select and manage external development partners, including architects, general contractors, engineers, attorneys, consultants, lenders, investors, and public agencies
• Oversee project budgets, cash flow projections, schedules, design, construction, lease-up, and stabilization to meet RMC standards and lender, investor, and regulatory requirements
• Represent RMC in community meetings, public hearings, policy discussions, and presentations to funding agencies and other stakeholders
• Provide strategic oversight of RMC's affordable housing portfolio to support long-term financial performance, physical condition, regulatory compliance, and mission impact
• Establish a consistent asset management framework that uses financial, operational, physical, and compliance data to identify risks, opportunities, and needed interventions
• Monitor property performance, including budgets, cash flow, occupancy, operating results, reserves, capital needs, debt obligations, investor requirements, and other key indicators
• Lead portfolio planning for capital improvements, refinancing, recapitalization, repositioning, re-syndication, rehabilitation, and disposition when appropriate
• Partner with property management, finance, and resident services leaders to address underperforming assets and ensure that portfolio decisions balance financial sustainability, resident needs, and RMC's mission
• Maintain productive relationships with lenders, investors, public agencies, partners, and other stakeholders throughout the ownership and compliance periods
• Support transitions from construction / lease-up into stabilized operations, ensuring complete documentation, clear ownership of open items, and alignment among internal teams

What This Job Offers

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