Senior Real Estate Development Manager

Senior Real Estate Manager

If you're a real estate development expert seeking to channel your skills into impactful endeavors that combat poverty and drive sustainable community development, you've found the perfect opportunity.
We're searching for a Real Estate Manager who not only excels in behind-the-scenes business management but also shares our passion for making a difference.

In this role, you'll be instrumental in assisting innovative capital stack funding solutions, our asset management strategy, and construction project management.
If you recognize the importance of persistent optimism, equity minded decision making, and self determination, then you're precisely the kind of candidate we're looking for.
Join us in our mission to create positive, lasting change in urban communities by creating pathways to generational wealth and workforce housing options.

Role Summary

The Senior Real Estate Manager will have the primary responsibility of autonomously leading the entire spectrum of planning, and execution for multiple developments within the Washington, DC region.
These projects encompass a diverse range, from closing support to executing the development and management of multi-family properties.
Additionally, the role entails overseeing pre-construction activities, community engagement, coordinating design endeavors, interfacing with clients and government entities, and maintaining communication with stakeholders.
Furthermore, the Senior Real Estate Manager will contribute to securing funding for projects by preparing funding applications and collaborating with potential lenders to obtain loans or alternative financing options as necessary.
Active participation in business development initiatives will also be a key aspect of the role.

About the Employer

Medici Road is a nonprofit, community development corporation that addresses the intersection of poverty and race.
Our mission is to reduce poverty by creating education, housing, and public health solutions that uproot systemic racial inequities.

We serve and advocate for low-and middle-income urban communities, especially people of color and other historically underserved groups.

Our point of differentiation is that we provide long-term solutions that connect multiple sectors including education, housing, public health, and REI from a systemic point of view.
Our distinctive approach leverages community co-creation, data analysis, and human-centered design to create solutions in the form of products, programs, and policies.

About the Housing Center

Our goal is to create more affordable housing as well as unique, scalable strategies for wealth building in urban city centers like Washington, DC, and beyond.

Qualifications

• 5+ years experience in leading real estate development, including asset acquisition and transaction closures.

• 5+ years proficiency in managing the design, and construction phases of affordable housing projects.

• Strong written and verbal communication skills.

• Completion of a green certification development project (LEED, Enterprise Green Communities) is preferred.

• Experience managing a minimum of 2 to 3 multifamily Class A rental projects in the Mid-Atlantic region from site planning/sourcing through lease-up phases is strongly desired.

• Competency in Google Suite and Microsoft Office Suite:
Excel, Word, Outlook.

Primary Responsibilities

The Senior Real Estate Manager's responsibilities include meeting all reporting requirements mandated by funders and providing support to the team in devising and implementing appropriate supportive services.
Operating with autonomy, the Senior Real Estate Manager must excel in:

• Supervising all pre-development activities, such as surveys, appraisals, and environmental assessments.

• Coordinating and overseeing project teams comprising various professionals like architects, engineers, contractors, attorneys, and lenders.

• Managing the planning, design, bidding, and construction phases to ensure projects adhere to quality standards, stay on schedule, and remain within budget.

• Ensuring compliance with all applicable funding requirements, including but not limited to HUD, CBE, Section 3, and First Source.

• Responding to Requests for Proposals (RFPs) for development projects.

• Building and maintaining property cash flows and operations using Excel.

• Utilizing online databases and market data to provide relevant market insights.

• Supervising the property management company across 3 properties and handling any community, resident, or management issues that may arise, including community engagement.

• Managing multiple tasks daily and delivering under tight deadlines in a demanding work environment.

• Collecting and distributing due diligence materials for loan closings as they arise.

• Undertaking various ad hoc assignments as necessary.

Benefits

✔ Comprehensive Benefits

✔ Competitive Paid Time Off with increased accrual over time with the org.

✔ Salary range is $99,200-$128,956 based on experience

The Hiring Process:

Step 1:
Screening

Step 2:
Real Estate Development Process Interview

Step 3:
Racial Equity and Organization Fit Interview

Step 4:
Offer

How to Apply

Submit a cover letter and resume via email to *** with the words "Senior Real Estate Manager" in the subject line.

All qualified candidates will be considered regardless of race, religion, ancestry, national origin, sex, sexual orientation, gender identity, or expression, age, disability, marital status, medical condition, veteran status, or any other basis as protected by the federal, state, or local law.