Senior Manager TOD Transactions

Position at MTA Construction & Development

This position is eligible for telework , which is currently one day per week. New hires are eligible to apply 30 days after their effective date of hire.

Senior Manager , TOD Transactions

Construction & Development

Planning ransit
-Oriented Development

Senior Director, TOD Transactions

2 Broadway

8 : 3 0 AM to 5: 0 0 P M or as required (7.5 HR/ DAY )

588

$91,990 to $125,240

S ummary

The MTA Transit Oriented Development department connects real estate development with the MTA ' s vast service territory by tapping into the value that transit proximity creates. MTA TOD partners with developers and government agencies to encourage transit-supportive mixed-use developments while generating revenue and improvements for the MTA.

The Senior Manager TOD Transactions manages real estate development projects within or affecting MTA's transportation system by implementing TOD planning, performing real estate market analysis and pro forma modeling, and negotiating with stakeholders to deliver financial and operational benefits to MTA. Project types range from asset sales, long-term ground lease of assets, redevelopment, joint development, and property acquisition in connection with MTA capital projects.

• Assist on Complex Real Estate Transactions:
  Structure, negotiate sales (fee and ground leases) , air rights sales, easement reservations, and design and construction agreements and acquisitions that advance agency goals, comply with applicable laws, and deliver financial and operational value.
• Develop and Implement Real Estate and TOD Strategies:
  Contribute to the formulation and execution of innovative real estate strategies that generate recurring revenue, grow walkable transit-oriented communities, deliver infrastructure and capital asset improvements , and avoid costs.
• Maximize Portfolio Performance:
  Manage and optimize the agency ' s real estate portfolio by identifying development, reuse, or disposition opportunities.
• Conduct Financial and Market Analysis:
  Evaluate development proposals and investment opportunities through pro forma modeling, market analysis, valuation, PILOT, or PILOST projections.
• Oversee RFP and Procurement Processes:
  Draft and manage public solicitations for developers and consultants, ensure compliance with statutory and procedural requirements, participate in selection and evaluation, and prepare MTA Board materials for approval.
• Coordinate Across Agencies and Disciplines:
  Coordinate and work collaboratively with MTA operating agencies and external partners to resolve issues, align priorities, and expedite project delivery.
• Ensure Compliance, Transparency, and Risk Control:
  Uphold all statutory, policy, and ethical standards governing public real estate transactions; manage contractual risk; and maintain documentation that withstands internal and external audit.
• Lead and Develop Staff and Consultants:
  Direct analysts, consultants, and outside counsel to produce high-quality financial, legal, and technical work; provide mentorship and maintain a culture of professionalism, integrity, and accountability.
• Represent the Agency to Stakeholders:
  Communicate effectively with executive leadership, elected officials, community stakeholders, and oversight bodies; prepare executive correspondence and public presentations that reinforce confidence in the agency ' s stewardship of real estate assets.

Master's degree in a related field preferred.

Must have a minimum of seven (7) years of related experience in real estate, such as real estate development or real estate brokerage.

Must have a minimum of two (2) years in a management or supervisory role and a project manager role in a large, multi-stakeholder organization involved in complex transactions.

Analytical and financial acumen (pro forma modeling, valuation, and economic feasibility analysis, etc.)

Demonstrated skill in negotiating and closing complex public and private real estate transactions—ground leases, fee sales, easements, and air rights agreements.

Legal, Regulatory, and Policy Knowledge:
Working knowledge of land use, zoning, environmental review processes, and the statutory and procedural framework governing real estate transactions, particularly in the public sector.

Strong organizational and project management skills with attention to detail .

Ability to manage multiple concurrent projects and meet deadlines.

Capacity to balance financial, policy, and operational objectives and recommend creative solutions aligned with agency mission and fiscal goals.

Proven ability to work effectively with legal, engineering, construction, operations, and finance staff and to integrate their perspectives into transaction strategy.

Excellent written and verbal communication skills, including the ability to prepare clear, persuasive documents, board materials, and presentations for executive and public…