Director of Real Estate Development

Our client in the real estate industry is seeking a development manager to join their team!

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 Senior Real Estate Development Manager(s)

• 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 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

• Coordinate construction matters with the internal an/or third-party construction manager (as applicable) to complete construction on budget and schedule

• 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 a brand ambassador for ECD

• Perform all other duties as assigned