Developer, Real Estate Development, Real Estate​/Property

Overview

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 Developer sand 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.

Pay range:$130,000 - $140,000/year + bonus depending on experience.

This position is eligible for an uncapped performance-based bonus program tied to individual and company results.

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• Identification and evaluation of real-estate development opportunities
• Determination of the financial feasibility for a viable project
• Determination of the suitability of a site
• Direct report to Pennrose Properties Chief Financial Officer for predevelopment expenditures expectations, development cash-flow, and development capital requirements
• Drafting and finalizing multiple, professional RFPs and RFQs
• Establishing strong public private partnerships
• Delivery 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 adverse
• Development of realistic project budgets
• Coordination of efficient land-development approval process
• Assembly and leadership of superior development team
• Coordination of legal team Responsibility for all site control documentation, loan agreements, equity documents and partnership agreements
• Collaboration with architects and engineers in designing proposed developments
• Determination of realistic project schedules
• Meeting design, funding and construction deadlines throughout the project
• Meeting project budgets
• Oversight of contractors and other professionals to build proposed developments
• Efficient project management through superior team management
• Delivery of on-time, on-budget real estate development projects
• Coordination of lease-up of completed development with full flow of information concerning limiting criteria
• Management and motivation of in-house development team
• Maintenance of calendars
• Providing direction for the scheduling and coordinating of the logistics for all development meetings
• Balancing the opinions of internal staff with external participants in a timely and diplomatic manner
• Demonstrating an understanding of the workload and priorities of all development team members
• Keeping the Team Leaders well-informed of all project issues

PerformanceM
etrics

• Agreement of Sale/ Development Agreements and site control secured
• Ensure 100% construction completion and receipt of all funds within established time frame
• Achievement of financial closings within established time frames.
• Project lease-up at pace expected as of closings
• Achievement of fully approved projectentitlementswith established time frames.

Required Education a
nd

Experience:

• BA or BS required
• At least four years of experience as an associate developer or equivalent position
• Strong entrepreneurial instincts
• Solid analytical skills
• Documented well-rounded real estate background
• Demonstrated ability to sell an idea through exceptional verbal and written communication skills
• Confidence in delivering on-message PowerPoint presentations before possibly contentious groups
• Considerable interpersonal skills including the ability to establish and maintain…