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Enterprise Community Partners · 4 weeks ago

Real Estate Development, Sr. Manager (Baltimore/Bethesda) MD.

LBETH1 Bethesda

Full-time

Hybrid

Mid, Senior Level

$100K/yr - $134K/yr

3+ years exp

Enterprise Community Partners is a national nonprofit dedicated to making housing accessible for families in need. The Sr. Manager of Real Estate Development will oversee the development process, including feasibility analysis, acquisition, design, financing, and construction, while managing a team and collaborating with various stakeholders to achieve project objectives.

CharityCommunitiesGovernmentNon Profit

Responsibilities

Analyze potential properties to purchase, including producing proformas and creating written project documents, coordinate due diligence activities, analyze the rental sub-market, and generally support the VP/Director or Associate Real Estate Development Director

Work with team members to prepare responses to requests for proposals and solicitations for bids by collaborating on the creative concept, analyzing the economics and financing structure and preparing proposal materials

Manage preparation of debt and equity financing applications for each assigned development

Prepare development budgets and pro forma operating budgets and manage the development budget throughout the development process to ensure balanced sources and uses, and achievement of ECD revenue goals

Coordinate and present at resident and community meetings

Manage the entitlement/zoning and permitting processes, and related community input and approval processes Review and negotiate draft loan and partnership documents and manage the financial closing on each assigned development. Coordinate with federal, state and local government agencies, ensuring that all financing and government regulations are met and required approvals obtained

Manage and maintain development schedules to ensure timely completion of development milestones including closing

Coordinate the work of the professional consultants comprising the development team, schedule development team meetings and review consultant reports

Work closely with ECD or third-party design and construction management staff (as applicable), third-party design professionals and general contractors to generate and refine development plans to produce high quality communities that are both responsive to the needs of our residents and communities and are financially feasible. Gather and integrate recommendations of asset management and property management staff

Perform site visits as needed

Coordinate construction matters with the internal and/or third-party construction manager (as applicable) to complete construction on budget and schedule. Attend construction progress meetings. Review and approve development-related invoices and draws, including change orders

Monitor marketing lease-up process to meet or exceed lease-up goals

Oversee timely completion of close-out process

Prepare quarterly updates and Board approval materials

Participate in industry associations and forums as brand ambassadors for ECD

Perform all other duties as assigned

Qualification

Multifamily development experienceReal estate financingLand use knowledgePublic speakingProficiency with ExcelNegotiation skillsDecision-making skillsProblem-solving abilityInitiativeTeam collaboration

Required

Bachelor's degree required

3-5 years of multifamily development experience

Experience with all aspects of the real estate development process, from acquisition and financing through design and construction to stabilization

Experience with complex, multi-layered real estate financing, preferably with the Federal Low Income Housing Tax Credit Program and affordable housing loan products

Knowledge of land use, public financing and real estate development regulations

Applicant must be comfortable with public speaking and community presentations

Experience managing developments under deadlines that required the organizing of multiple tasks and objectives

Applicant must have skills and experience in negotiating acquisitions and financing commitments

Proficiency with Word and Excel is required

Good decision-making skills, judgment and ability to solve problems

Ability to work in a hybrid environment

Ability to take initiative and with confidence