Director of Real Estate Development

This is an exceptional opportunity for an experienced Real Estate Development Manager / Director to join our client in their D.C office – the successful candidate will be qualified within Finance or Real Estate and will have extensive (10+ years) experience within Real Estate development and in particular LIHTC.

The Director will be involved in the company’s development platform by managing the property acquisition, due diligence, facilitating the underwriting, closing of real estate transactions, and managing project managers, staff and third-party consultants from project concept to completion.

This position gives the opportunity to work for a leading developer within the DC and DMV markets – with huge opportunity for growth & progression.

The Company

Our client are a full-service real estate development company and are a leading provider of real estate finance and development services for affordable housing, single–family homes, retail, and commercial facilities. They have developed over 7500 units valued at $2B.

Responsibilities

• Identify new acquisition opportunities.
• Supervise project managers and direct their work through all phases of real estate development.
• Train and mentor project managers/assistant project managers as appropriate.
• Research potential funding sources and assist project managers with financial structuring.
• Supervise design, consultant and construction team selection.
• Review and approve project pro formas, funding applications, legal documents, loan agreements, schedules, budgets and draw requests.
• Provide focused leadership and expertise to project design, construction and cost containment.
• Develop documents and provide recommendations based on key findings that may affect the return and financial performance of the proposed deal.
• Coordinate with construction team to ensure projects are completed as per plan and budget
• Create and maintain comprehensive project schedules and checklists with milestones for entitlements, financing, permitting and construction. Coordinate team responsibilities to meet deadlines and goals, fulfill reporting requirements and provide updates to the Principal
• Ensure all aspects of the project adhere to company development standards.

Experience & Qualifications

• Bachelor’s Degree in Real Estate, Finance or other relevant degree 10 years+ as a Project Manager managing low-income housing tax credit projects and with supervisory responsibilities.
• Extensive affordable housing development experience including property due diligence and acquisition, land use and entitlement, site planning and design, and construction.
• Extensive financial structuring experience including securing public subsidies, low income housing tax credits and tax-exempt bonds.
• Strong analytical and problems solving skills; good client and public presentation skills; and excellent oral and written communication skills.
• Proficiency with the MS Office suite including sophisticated real estate financial analysis using MS Excel.

This position is paying a market leading basic salary in addition to a generous bonus scheme & benefits package.