Developer (Real Estate)

As a Developer, you will be responsible for driving real estate development projects from beginning to end, working in collaboration with Legal, Accounting, Construction and Asset Management. Strong financial (deal structuring, underwriting) experience is required. Must be analytical, detail oriented, have strong communication and organizational skills and able to work in a fast-paced, deadline driven environment.

ESSENTIAL FUNCTIONS

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 and Tax Abatement, and Conventional Financing.
Prepare predevelopment budgets, operating budgets cash flow and reserve analysis.
Prepare overall project time lines 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.
Other duties and responsibilities as assigned.

Required Experience:

BA/BS degree in finance, accounting, real estate, construction management or related fields.
2-3 years of prior experience in real estate development is strongly preferred.
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.
Work with numerous staff and departments, both internally and externally.Collect, interpret and utilize data effectively
Work with design and construction professionals
Understand and utilize a variety of funding mechanisms
Manage multiple projects effectively
Prepare and present project proposals to government entities, investors, and related groups
Work independently with minimal supervision

Real Estate Project Manager / Developer

Brayman Construction

The Real Estate Project Manager/Developer will have responsibility for planning, permitting, market, financing, retail leasing, interface with design, construction, and successful development or redevelop real estate.

Key Responsibilities:

Participate in the identification, feasibility analysis and negotiation of real estate acquisitions.
Source and analyze the feasibility of potential development sites and evaluate associated development schemes.
Development planning for successful development of construction projects, which would include, pro-forma modeling of new developments, opportunistic investment strategies and potential public participation.
Source acquisition opportunities, conceptual planning.
Participate in the identification and negotiation of debt financing including public and/or TIF financing, public grants, public incentives, and tax credits.
Direct activities with attorneys, architects, engineers, and other consultants to plan projects related to public entitlement, site permits, acquisition due diligence and closing activities.
Work with local citizen groups, governmental bodies and other interested parties to obtain necessary project permits and entitlements.
Direct and manage the Team responsible for the construction of projects, coordination of designers and consultants and general contractor, etc.
Monitor and assure timely completion of the investment and development within the established budget, schedule and required investment returns.
Initiate, plan, negotiate and manage the leasing plan for development/investment opportunities, broker relations, supervision of listing agents and secure lease prospects.

Job Requirements:

Minimum of 5-7 years of real estate experience preferably within the construction industry. Experience with public finance and incentives, permitting, design, construction, finance, and leasing.
Bachelor’s degree in engineering, construction, real estate, architecture, business, finance.
Must have robust interpersonal skills, social intelligence and political acumen.
Sophisticated research skills required to collect and analyze market information.
Must possess good instincts and strong situational awareness.
Demonstrated ability to source, negotiate and execute leases and revenue opportunities.
Demonstrated ability to negotiate and execute all types of development related contracts.
Demonstrated ability to source, negotiate and execute public incentives.
Demonstrated ability to procure entitlements and building permits.
Demonstrated ability to source, negotiate and close the acquisition of land.
Travel may be required (25%)

Affordable Housing – Development Project Manager

Cornerstone Property Managers

Rochester’s Cornerstone Group is a rapidly growing NYS developer of affordable multifamily and senior housing. By collaborating with multiple local, state and federal funding sources, we partner with non-profits, municipalities, service providers and our own separate property management company to produce and manage quality, well-designed housing to populations in need.

Job Objective:

To lead the entire development process of affordable residential properties, from concept to permanent financing. Utilizing exceptional management skills, this position leads both internal support staff and the external development team, in order to meet deadlines. This requires strong organizational skills, critical thinking, problem solving, strong oral and written communication skills and an excellent attention to detail, in order to face ever-changing priorities.

Responsibilities would include, but not be limited to:

Project Pre-development:

Understanding the NYS LIHTC and related funding applications, determine areas of opportunities and programs for housing needs in a variety of communities.
Build strong relationships with non-profit partners, service providers, funding agencies, and other development partners and enter into MOUs and contracts with them
Conduct financial feasibility analyses by reviewing the potential sources of funds and uses of funds and create both the project development and operating budget.
Obtain local approvals and site control by working closely with various municipalities and overseeing submissions to zoning and site plan review boards by architects and engineers.

Project Funding Application:

Oversee the preparation of market studies, appraisals, environmental studies and all other requirements needed by funding applications
Obtain and summarize necessary community needs documentation
Work with banks, investors, attorneys, and funding agencies and provide them the documents they need in order to receive funding commitments.

Finance Closing, Project Monitoring:

Oversee the construction closing by communicating with funders, partners and attorneys, ensuring all their requirements are met and keeping the timeline on schedule.
Represent RCG at construction meetings and resolve issues related to schedule, local permits, third-party professionals’ responsibilities and funding requirements.
Formally approve construction hard and soft cost draws and coordinate construction change orders with the goal of keeping the project on budget and on time.

Permanent Closing and Occupancy

Keep property management informed of the project and expected c of o date with the goal of maximizing the equity upward adjustors.
Oversee the permanent closing process, once the project is completed, making sure that all funders, investors and attorneys’ requirements have been met and documentation has been satisfied.
Ensure that a smooth transition as Property Management assumes responsibilities for the completed project.

Skills:

Strong oral, written and interpersonal communication skills
Excellent computer skills, especially excel.
Working comprehension of development and operating budgets.
Strong leadership and organizational skills