Managing Director, Real Estate Development
Listed on 2025-11-07
-
Management
Program / Project Manager, Operations Manager
Overview
Job Location:
217 WYCKOFF AVENUE - BROOKLYN, NY
Position Type:
Full Time
Education Level: Bachelor
Salary Range: $175000.00 - $200000.00
Salary
Job Shift: Day Shift
Job Category:
Nonprofit - Social Services
The Managing Director is responsible for successful execution of an exciting, robust, and growing pipeline of 5000 units of new and rehab construction, and the repositioning of Rise Boro’s existing assets of 3000 + units. This is a growth position for a mid-career professional who has core affordable housing development experience, excellent financial underwriting acumen, a proven track record driving deal completion and profitability from start to finish, and a passion for Rise Boro’s mission to unleash the potential for communities to thrive, no matter the odds.
This position will help RB achieve this mission through the development and preservation of profitable, sustainable, and affordable housing that includes coordinated services, amenities, and property management. The goals achieved will ensure the long-term affordability of the Rise Boro Housing Portfolio and the success of the communities we serve.
Mission
- Advance Rise Boro’s real estate pipeline in service of Rise Boro’s mission
- Ensure that all RE Development projects, embody Rise Boro’s core virtues:
Respect, Integrity, Compassion, Equity and Empowerment
Pipeline Advancement
- Work independently to ensure successful, timely and profitable projects, delivering on all development phases from predevelopment to operations
- Identify and develop relevant key performance and risk indicators, assess emerging risks and opportunities, and develop executable plans to address all
- Ensure Rise Boro’s development projects establish and meet high standards of financial performance
Pipeline Growth
- Lead analysis of potential new development deals, prepare investment memos for senior leadership and board review
- Take an active role in the coordination of Rise Boro’s response to competitive development RFPs and RFQs
- Seek and identify new opportunities to expand the RB Development Pipeline
Preservation
- In coordination with the Director of Asset Management, develop and execute repositioning strategy for existing assets
Leadership & Impact
- Provide mentorship and training to Project Managers. Take an active role in on–the-job learning opportunities for less experienced team members. Leading by example, imbue best practice underwriting, operationalize process to improve productivity, and ensure excellence in program management to achieve Rise Boro’s goals
- Cultivate and curate strategic relationships to enhance the organization’s impact and reach, including those with key funders, investors, development partners, government agencies, tenants, elected officials, and other stakeholders
- Participate in industry events, represent Rise Boro on applicable working groups and task forces
- Identify and advance cross-functional collaboration opportunities within Rise Boro
Competencies
- Demonstrated progressive experience in low-income housing tax credits (9% and 4%) transactions, bond financing transactions and Year 15 transactions, the affordable housing industry, and sustainable development practices
- Demonstrated advanced experience in real estate underwriting
- Demonstrated knowledge of city and state agencies, programs, and development processes
- Demonstrated management/supervisory experience
- Excellent oral and written communication skills
- Excellent interpersonal and relationship management skills
- A Self-starter with a passion for urban planning with a sense of social responsibility
- Highly organized with strong attention to detail
- Ability to manage and execute multiple critical priorities
- Ability to foster an environment of collaboration and maintain positive working relationships
- Proficient in Microsoft Office Suite; specifically, advanced Microsoft Excel skills
- Commitment to Rise Boro’s mission, vision, and values
- Commitment to the development of affordable housing and the desire to meet and exceed NYC’s carbon emission reduction goals.
- Ability to understand the concepts of institutional and structural racism and bias and their impact on underserved and…
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