Senior Development Director - Acquisition Affordable & Mixed Income

Gilbane Development
US - New York - New York
November 28, 2024

Overview:

Gilbane Development Company is seeking an Development Director - Acquisitions to join our Affordable & Mixed-Income development team.
As Acquisitions Director, you will play a pivotal role in Gilbane Developments value-add/opportunistic investment platform under the Affordable & Mixed-Income Division, specifically targeting the acquisition of existing affordable housing projects across the United States.
You will leverage your analytical skills to shape decisions, lead cross-functional teams, and ensure the successful execution of projects from conception to completion.

Responsibilities:

Lead the sourcing, identification, acquisition and execution of affordable housing acquisition projects, managing proformas, schedules, and resources effectively
Support the Affordable & Mixed-Income Division in all aspects of affordable housing acquisition, rehabilitation, and development (Section 8, LIHTC, etc.) in core markets across the US
Make substantial contributions to analysis that will inform the company's investment decisions
Compile due diligence information, including financial, market, site, and regulatory data
Analyze and compare complex partnership agreements and cash flow waterfalls
Work collaboratively with the Senior Vice President to develop short- and long-term strategies to expand the affordable and mixed-income housing portfolio, as well as look for opportunities to reposition existing assets
Completion of applications and documentation necessary for debt and equity financing, property purchase and sale, and government subsidy renewal
Work with counsel to negotiate all real estate transaction related documents, including purchase and sale documents, loan documents, equity investment agreements, and operating agreements of all types
Validation and defense of budgets, assumptions, and proforma analysis
Build, coordinate and lead internal team members and external consultants through conceptual design and entitlements leading to construction documents
Perform, coordinate and / or lead pre-development work such as preliminary architectural and engineering issues, zoning issues, local government, and community support
Supervise and lead staff.
Mentor and develop team members, fostering a culture of excellence, innovation, and accountability.
Complete employee evaluations of assigned staff annually and interim evaluations as required

Qualifications:

BS or MS in Real Estate, Business, Finance, Marketing, Civil Engineering, Architecture, or related field
10+ years of experience in multifamily real estate development and/or acquisitions
LIHTC and Section 8 development and acquisition experience highly preferred
Strong quantitative, financial analysis and modeling (excel) skills
Exceptional research and writing abilities
Strong project management skills and follow-through
Ability to multi-task and prioritize appropriately in a constantly changing environment with a sense of urgency and accountability
Highly driven and values entrepreneurialism; works well within ambiguity
Exceptional attention to detail
Some travel required

Salary to be determined by the education, experience, knowledge, skills, and abilities of the applicant, internal equity, and alignment with market data.

For New York, NY this ranges from $200,000.00 - $250,000.00 plus benefits and retirement program.

Gilbane offers an excellent total compensation package which includes competitive health and welfare benefits and a generous profit-sharing/401k plan.
We invest in our employees education and have built Gilbane University into a top training organization in the construction industry.
Qualified applicants who are offered a position must pass a pre-employment substance abuse test.

Gilbane is an Affirmative Action/Equal Opportunity Employer.
All qualified applicants will receive consideration for employment without regard to age, color, national origin, race, religion, sex, sexual orientation, gender identity, protected veteran status, or disability status.

Note to Recruiters, Placement Agencies, and Similar Organizations:
Gilbane does not accept unsolicited resumes from agencies.
Please do not forward unsolicited agency resumes to our jobs alias, website, or to any Gilbane employee.
Gilbane will not pay fees to any third party agency or firm and will not be responsible for any agency fees associated with unsolicited resumes.
Unsolicited resumes received will be considered property of Gilbane and will be processed accordingly.

Read the full job description and apply online on the recuiter's web-site

Senior Development Director - Acquisition Affordable & Mixed Income

Senior Development Director - Acquisition Affordable & Mixed Income

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