The Annex Group · 2 months ago
Vice President of Development-Project Sourcing/Origination (Northeast U.S)
United States
Full-time
Remote
Director/Executive
$150K/yr - $150K/yr
10+ years expThe Annex Group is seeking a Vice President of Development who will be a strategic partner responsible for creating a pipeline of affordable and workforce housing developments. This role encompasses the entire development lifecycle, from market research to land acquisition and funding applications, while leading a team to identify investment opportunities and manage key stakeholder relationships.
Building MaintenanceConstructionHome ServicesReal Estate
Responsibilities
Leads Development Team to identify potential strategic commercial real estate investment opportunities within the affordable business plan of the company with the expectation of closing 2 to 4 deals per year
Responsible for understanding State QAP (Qualified Allocation Plans) for new LIHTC developments across the United States
Responsible for strategic responses to housing RFP’s that meet the needs of the Annex Group
Responsible for key relationships with stakeholders to foster public-private partnerships for new housing opportunities
Train, mentor and manage Development Team within VP’s group
Travel to visit potential investments to ensure the best investment for the Company and its financial partners
Guides and oversees preparation of project proposals, pro formas, budgets, feasibility analysis, including determination of time and funding requirements
Work with the Chief Financial Officer to develop and track predevelopment budget related to assigned projects
Provide project status reports for the Executive Team
Qualification
Required
Bachelor's degree from an accredited institution in business administration, economics, finance, or real estate, complemented by a master's degree (a plus) or other professional training with an emphasis on finance, economics or real estate
A minimum of ten (10) years of relevant real estate development experience managing full-cycle processes associated large-scale premium developments and three (3) years LIHTC development experience and underwriting
Ability to understand and analyze financial reports
Ability to use computer software/hardware to prepare and present financial, economic and other data from project proformas and other analytical reports
Ability to understand architectural, civil and construction plan drawings
Ability and willingness to effectively use other job-related technology tools
Company
The Annex Group
The Annex Group® is a leading impact housing developer that creates market-rate, workforce, affordable and student housing communities.
51-200 employees
Funding
Current Stage
Growth StageLeadership Team
Kyle Bach
Chief Executive Officer
Sam Hurley
Chief Financial Officer
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