Oak Park Residence Corporation · 2 weeks ago
Director of Real Estate Development & Asset Management
Oak Park, IL
Full-time
Onsite
Director/ExecutiveOak Park Residence Corporation is focused on providing high-quality multifamily rental housing that supports affordability and diversity. The Director of Real Estate Development & Asset Management will evaluate and drive portfolio optimization and organizational growth, analyze property markets, and identify new acquisition and development opportunities while contributing to property operations optimization.
Communications InfrastructureConstructionNon ProfitReal Estate
Hiring Manager
Ciara J.
Responsibilities
Monitor, analyze, and report on targeted commercial and residential real estate market conditions and key demographic and economic trends, using internal and external real estate, financial and economic data, as well as primary research
Model OPRC real estate portfolio holdings, identifying relevant market shifts and the corresponding potential impacts to operational performance and property valuations
Develop forward-looking, proprietary perspectives on target properties’ anticipated performance
Develop/Support specialized research on the real estate market pertaining to geographic markets of interest and property types in order to enhance the realizable value of target properties and overall OPRC valuation, as well as OPRC mission-driven objectives
Prepare regular reports regarding portfolio and building performance regarding operations and capex
Develop insights/perspectives surrounding portfolio lifecycle staging to inform and guide decision-making regarding optimal timing to acquire, dispose, refinance or reposition target properties
Apply market research to support benchmark underwriting assumptions for target properties
Work with prospective buyers, sellers, financial institutions, and outside advisers to support disposition, acquisition, and refinancing processes and address questions regarding subject properties
Build and maintain working relationships to acquire market insights from internal and external sources, including property owners, managers, lenders, appraisers, brokers and research professionals
Keep abreast of potential impacts resulting from proposed changes in state and local laws
Provide technical and team leadership and support
Attend monthly OPRC and OPHA Board meetings as needed
Be available for emergency calls, as necessary
Other related duties and special projects that may be assigned from time to time by the President
Qualification
Required
Undergraduate degree and/or experience in a field relating to finance, economics, business, and/or real estate
Strong skills in the areas of financial modeling and analytics
Strong skills in real estate valuation
Strong oral and written communications skills
Strong visual data representation and presentation skills
Strong skills in demographic and socio-economic trend analysis
Experience in monitoring, analyzing, and reporting on targeted commercial and residential real estate market conditions
Experience in modeling real estate portfolio holdings
Experience in developing forward-looking perspectives on target properties' anticipated performance
Experience in preparing regular reports regarding portfolio and building performance
Experience in developing insights surrounding portfolio lifecycle staging
Experience in applying market research to support benchmark underwriting assumptions
Experience in working with prospective buyers, sellers, financial institutions, and outside advisers
Ability to build and maintain working relationships to acquire market insights
Ability to keep abreast of potential impacts resulting from proposed changes in state and local laws
Provide technical and team leadership and support
Strong MS Office skills
Ability to prepare concise and informative written presentations in MS Word and PowerPoint
Skilled at financial modeling in Excel
Preferred
Graduate degree (MBA, MSRE, etc.) in a related field
Experience in real estate finance
Experience in real estate investment
Experience in real estate development
Experience in asset management
Experience in market segment analysis
Experience in project management
Experience in site analysis and design
Experience in public entitlements
Experience in marketing
Experience in business management
Experience in sustainable development
Experience in affordable housing
Experience in public-private partnerships
Working Knowledge of Yardi
Company
Oak Park Residence Corporation
Oak Park Residence Corporation specializes in the rehabilitation of buildings and the development of quality housing at an affordable price.
Founded in 1966
11-50 employees
Funding
Current Stage
Early StageCompany data provided by crunchbase