Senior Real Estate Developer
10 days ago
Philadelphia
Job DescriptionDescription: Location: Philadelphia, PA Reports To: Chief Operating Officer FLSA Status: Exempt Starting Salary: $145,000 Supervises: Property Managers, Assistant Property Managers, Maintenance Supervisors, and Maintenance Staff COMPANY BACKGROUND Asociación Puertorriqueños en Marcha (APM) is a comprehensive health, human services, and community development nonprofit that has served Northeast Philadelphia and the surrounding counties since 1970. For more than five decades, APM has been a cornerstone institution in strengthening families, advancing economic opportunity, and revitalizing historically disinvested neighborhoods. POSITION SUMMARY The position assumes full responsibility for the successful completion of multi-faceted real estate development projects – both affordable housing and mixed-use development - 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 working in PA, as well as with affiliates in FL and PR. 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. Essential Duties and Responsibilities • Identification and evaluation of real-estate development opportunities, • Determination of the financial feasibility for a viable project, • Determination of the suitability of a site, • 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 APM 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 directions 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 BENEFITS • Independence Administrators Medical Insurance Plan or $100/month Reimbursement with Proof of Current Plan, • Livongo for Diabetes Prevention, Hypertension, and Weight Management (Only for Employees Who Elect Our Medical Insurance), • Sword, A Virtual Physical Care Program for Back, Joint, and Muscle Pain (Only for Employees Who Elect Our Medical Insurance), • WondrHealth for Weight Management (Only for Employees Who Elect Our Medical Insurance), • Sun Life Financial Insurance Plans for Dental, Vision, Life and AD&D, Critical Illness, Accident, and Hospital Indemnity, • Basic Life Insurance (100% Employer Funded), • Short-term and Long-term Disability Insurances, • 403B Retirement Plan through Mutual of America, • Flexible Spending Accounts for Health, Childcare, Public Transportation, and Parking Expenses through The Harrison Group, • AllOne Health Employee Assistance Program at No Cost, • Employee Referral Program (You Can Earn Up to $600), • 20 Days of Paid Time Off include Illness, Vacation, Appointments, and Emergencies, • 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 timeframes., • Project lease-up at pace expected as of closings, • Achievement of fully approved project entitlements with established time frames., • LIHTC Upward Adjustment Required Education and Experience: • BA or BS required; MBA, Master of Public Policy or MRED, • 7 plus 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 effective working relationships with others; being both responsive and thoughtful, • Discretion in handling confidential information, • Demonstrated organizational skills, including the ability to set priorities in concert with the development team yet able to work independently, • Demonstrated ability to work under pressure exercising sound judgment, prioritizing demands and responding with composure to a fast-paced environment with high-energy leadership, • Demonstrated understanding of project proformas for both market-rate and public housing developments, • Profound understanding of HUD and Housing Finance agency budget requirements, • Experience in filing applications requesting Low Income Housing Tax Credits, Federal Home Loan Bank Affordable Housing Program funds and a multitude of other soft resources, • Demonstrated ability to respond to and resolve problems rapidly and efficiently, • Proficiency in Outlook, Microsoft Office including Word and Excel, • Demonstrated punctuality and respect for others’ time, • Accuracy – with an attention to detail - and speed in task execution, • Strong work ethic and exceptionally high work standards, • Maturity, good judgment and professionalism, • Ability to work periodic flexible hours is required., • Ability to travel by plane and vehicle is required., • Ability to climb stairs, take elevators, bend, squat and reach overhead. Company DescriptionAsociación Puertorriqueños en Marcha (APM) has been helping families achieve their greatest potential since 1970 by providing early childhood education, foster care & adoption, child welfare, mental & behavioral health, community and economic development, housing, community school services, and violence intervention services to the North Philadelphia communities.Asociación Puertorriqueños en Marcha (APM) has been helping families achieve their greatest potential since 1970 by providing early childhood education, foster care & adoption, child welfare, mental & behavioral health, community and economic development, housing, community school services, and violence intervention services to the North Philadelphia communities.
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