Development Manager

Summary of Position:

The Development Manager is responsible for executing all functions of development for multifamily and mixed-use real estate projects with a focus on planning, entitlement, financial analysis, and overall management of the development process from inception to stabilization. The Development Manager is expected to work collaboratively, concurrently and successfully with team members and manage multifaceted tasks for multiple projects.

Principal Duties and Responsibilities:
 

• Oversee and implement all facets of the development process including project and operational budgeting, planning, design, entitlement, construction and lease-up stabilization of the projects.
• Thoroughly review civil, architectural and interior design plans to drive quality and cost effectiveness.
• Prepare, maintain and monitor project budgets and prepare monthly project development reports.
• Prepare and maintain the financial projections, monthly draw requests and related analyses for the development and operation of the projects.
• Partner with the Division President, Vice President, Development Associates to underwrite new development opportunities including assessing market-specific economic and demographic data, rental comparable information, construction cost estimates, local permit and fee costs and local supply and demand statistics.
• Work with the Investments team to prepare informational packages for the internal Investment committee as well as offering memoranda for equity partners and outside lenders.
• Provide leadership, direction and mentoring for other Associates on the Development team.

Education and Experience Requirements:
 

• Bachelor’s degree in Real Estate or Finance, Civil Engineering, Building Sciences or a related study is required.
• MBA or master’s degree with applicable concentrations preferred.
• Minimum of 4 years of significant experience in real estate development (preferably with an emphasis on Multifamily), land development and project management and the demonstrated ability to build and direct effective teams to manage major development projects.
• Deep knowledge and understanding of development and construction practices.
• Advanced Microsoft applications experience (Excel, PowerPoint, Word).
• Strong team orientation with excellent interpersonal skills.
• Ability to manage several projects simultaneously.
• Strong work ethic and attention to detail.
• Excellent verbal and written communication skills.

Physical Requirements:

This is primarily a sedentary office position which requires the Development Manager to have the ability to operate computer equipment, speak, hear, bend, stoop, reach, lift, and move and carry up to 25 lbs. Finger dexterity is necessary.