Developer

The position assumes full responsibility for the successful completion of multi-faceted real estate development projects – both market-rate and affordable - from inception through construction completion and lease-up. This individual is responsible for the strong leadership of an in-house team of Associate Developers, Assistant Developers and Administrative Assistants. This individual simultaneously assembles and manages an external team of financiers, architects, designers, engineers and contractors. Each developer simultaneously coordinates multiple projects in varying stages of development. This position demands strong financial skills, creative thinking, leadership, and effective communication.Identification and evaluation of real-estate development opportunitiesDetermination of the financial feasibility for a viable projectDetermination of the suitability of a siteDirect report to Pennrose Properties Chief Financial Officer for predevelopment expenditures expectations, development cash-flow, and development capital requirementsDrafting and finalizing multiple, professional RFPs and RFQsEstablishing strong public private partnershipsDelivery of professional Powerpoint presentations before both large and small groups of financiers, municipalities, and community constituents for the purpose of marketing Pennrose Properties to groups potentially skeptical and occasionally adverseDevelopment of realistic project budgetsCoordination of efficient land-development approval processAssembly and leadership of superior development teamCoordination of legal teamResponsibility for all site control documentation, loan agreements, equity documents and partnership agreementsCollaboration with architects and engineers in designing proposed developmentsDetermination of realistic project schedulesMeeting design, funding and construction deadlines throughout the projectMeeting project budgetsOversight of contractors and other professionals to build proposed developmentsEfficient project management through superior team managementDelivery of on-time, on-budget real estate development projectsCoordination of lease-up of completed development with full flow of information concerning limiting criteriaManagement and motivation of in-house development teamMaintenance of calendarsProviding direction for the scheduling and coordinating of the logistics for all development meetingsBalancing the opinions of internal staff with external participants in a timely and diplomatic mannerDemonstrating an understanding of the workload and priorities of all development team membersKeeping the Team Leaders well-informed of all project issuesPerformance MetricsAgreement of Sale/ Development Agreements and site control securedEnsure 100% construction completion and receipt of all funds within established time frameAchievement of financial closings within established timeframes.Project lease-up at pace expected as of closingsAchievement of fully approved project entitlements with established time frames.Required Education and Experience:BA or BS requiredAt least four years of experience as an associate developer or equivalent positionStrong entrepreneurial instinctsSolid analytical skillsDocumented well-rounded real estate backgroundDemonstrated ability to sell an idea through exceptional verbal and written communication skillsConfidence in delivering on-message PowerPoint presentations before possibly contentious groupsConsiderable interpersonal skills including the ability to establish and maintain effective working relationships with others; being both responsive and thoughtfulDiscretion in handling confidential informationDemonstrated organizational skills, including the ability to set priorities in concert with the development team yet able to work independentlyDemonstrated ability to work under pressure exercising sound judgment, prioritizing demands and responding with composure to a fast-paced environment with high-energy leadershipDemonstrated understanding of project proformas for both market-rate and public housing developmentsProfound understanding of HUD and Housing Finance agency budget requirementsExperience in filing applications requesting Low Income Housing Tax Credits, Federal Home Loan Bank Affordable Housing Program funds and a multitude of other soft resourcesDemonstrated ability to respond to and resolve problems rapidly and efficientlyProficiency in Outlook, Microsoft Office including Word and ExcelDemonstrated punctuality and respect for other’s timeAccuracy – with an attention to detail - and speed in task executionStrong work ethic and exceptionally high work standardsMaturity, good judgment and professionalismAt least four years experience as an Associate Developer or equivalent positionRequires a valid driver’s license, an insured vehicle, and the ability to travel (between properties, on-call emergencies, training, etc.)Working Conditions:Ability to work periodic flexible hours is required. Ability to travel by plane and automobile is required.Ability to work at property locations within or near transitional neighborhoods – again with the support of PMC.Ability to climb stairs, take elevators, bend, squat and reach over head.