Sherman Associates · 22 hours ago
Real Estate Developer
Minneapolis, MN
Full-time
Onsite
Mid, Senior Level
$120K/yr - $140K/yrSherman Associates is dedicated to building communities and enriching neighborhoods, and they are seeking a Real Estate Developer to join their mission. The Developer will oversee real estate development projects, collaborating with various departments to ensure project viability and sustainability.
Real Estate
Responsibilities
Determine funding requirements for the viability and sustainability of multi-family, mixed-use, commercial projects, and hotel projects
Manage pre-development activities including acquisition, environmental review, project concept development, budgeting, cost analysis and financing of multi-family, mixed-use, commercial projects, and hotel projects
Complete project proformas using a mix of funding sources, including but not limited to, Federal and State Low Income Housing Tax Credits, Federal and State Historic Tax Credits and New Market Tax Credits, Tax Increment Financing, Tax Abatement, and Conventional Financing
Prepare predevelopment budgets, operating budgets cash flow and reserve analysis
Prepare overall project timelines and schedules
Manage project cash flows, construction draws and budgets during pre-development and construction
Develop and maintain relationships with private lending institutions, state, federal and local officials, and private equity investors
Develop and maintain relationships with architects, general contractors and industry vendors
Work closely with and in person for projects primarily based in the Minneapolis/Saint Paul metro area
Other duties and responsibilities as assigned
Qualification
Required
Strong financial (deal structuring, underwriting) experience
Analytical and detail oriented
Strong communication and organizational skills
Ability to work in a fast-paced, deadline driven environment
Knowledge of available project funding sources including but not limited to, Federal and State Low Income Housing Tax Credits, Federal and State Historic Tax Credits, New Market Tax Credits, Tax Increment Financing, Tax Abatement, and Conventional Financing
Knowledge of real estate transaction process; including land/building acquisition and closing of debt and equity
Financial Modeling Skills - able to use a variety of tools, techniques and approaches
Leadership skills - able to take ownership of a project and manage it from predevelopment to construction completion; able to manage different parties and wide variety of moving parts and processes
Highly organized and able to multi-task and prioritize
Ability to effectively communicate both verbally and in written form clearly and professionally
Ability to work with numerous staff and departments, both internally and externally
Ability to collect, interpret and utilize data effectively
Ability to work with design and construction professionals
Ability to understand and utilize a variety of funding mechanisms
Ability to manage multiple projects effectively
Ability to prepare and present project proposals to government entities, investors, and related groups
Ability to work independently with minimal supervision
A passion for the mission, vision, and values of Sherman Associates
Preferred
Prior experience in low-income housing tax credit and re-syndication
Experience with re-syndication preferred
Benefits
Low-Deductible Health Insurance Plans
Fully paid short term disability
Fully paid life insurance
Voluntary Accident & Critical Illness
Hospital Indemnity
Long-Term Disability
Pet insurance
Fully paid employee assistance program
Fully vested 401k company match program
9 Paid holidays and competitive PTO program (starting at 15 days annualized – only add for residential)
Starbucks and Hotel discounts
Charitable giving strategy with corporate match
Company
Sherman Associates
Sherman Associates is a real estate company that provides building design, renovation, and construction services.
Founded in 1978
501-1000 employees
Funding
Current Stage
Late StageTotal Funding
$350M2021-02-22Private Equity· $350M
Leadership Team
George Sherman
CEO & Founder
Recent News
2025-11-17
Company data provided by crunchbase