Real Estate Development Project Manager

Job description

Position Description The Real Estate Development Project Manager is involved from start to finish on development projects and is responsible for providing support to the project leadership of the Real Estate Development Division to ensure quality and timely execution of development of projects from start to completion. This support includes: land use coordination, financing support, project scheduling, contractor bidding and buyout and change order tracking, cost reporting, preparation of contracts, the handling of owner coordination, construction quality oversight, and project closeout. We mentor our team members, give them as much responsibility as they can handle, and award autonomy and career growth as merited. Jubilee strives to bring out the best in our people and empowers them to bring out the best in the communities we serve. Specific Duties Work with project team on setting up individual project folders, tracking reports, budgets, schedules, logistics plans, compliance and corporate reporting; Conduct research to support all development functions, including acquisitions, due diligence, impact fees, utility costs, market analysis, construction costs, entitlements, etc. Prepare pro forma development budgets and property operating budgets under the direction of a Development Manager. Research and gather documentation for RFQ/RFP responses Assist in the assemblage of RFQ/RFP responses and preparation for community preparations Assist Vice President of Development with applications and financing proposals with multilayered financing sources. Assist with land acquisition, including preparation of LOI’s and purchase contracts with legal counsel, and gathering of due diligence materials Assist with the financial closing in conjunction with lenders, legal counsel and other project team members Solicits consultant and contractor services for due diligence, design and construction services, reviews and evaluates the responses and obtains the services. Attends site visits of potential property acquisitions and assists in market analysis, including preparing market reports, rent roll and resident file analysis and review of due diligence reports. Manage the tracking of timelines and schedules Review and understand the owner/developer responsibilities per any partnership agreements; Assist in the submittal, change order, and pay request process; Assist in generation of project costs and Job Cost Report; Produce internal monthly summary reports; Assists with the preparation of debt and equity financing applications for each of the projects. Supports the team in closing the financing and manages the closing checklist. Assists the Vice President of Real Estate Development with the construction administration process by coordinating the flow and filing of construction documents. Analyzes progress against project schedule and modifies schedule as needed Prepares internal and external reports on each project Supports community development planning efforts working closely with the team, community residents and partners Prepares presentations for meetings with tenants, other critical stakeholders and government officials Assist pre-construction services in bidding projects including the RFP process Participate in the project’s quality process including job walks and punchlist walks Contribute to schedule and project close-out processes Coordinate contracts, schedules and installation for initial delivery (e.g. fitness equipment, signage, audio/tech equipment, FFE, artwork, model unit or other owner related proposals, contracts and installation) Performs other functions related to the success of Jubilee including interdisciplinary communications and projects. While direct reporting will be to the Vice President of Development, there will be, from time to time, interaction with the CEO, CFO and other senior members of the Jubilee team. Desired Qualifications Bachelor’s degree required; master’s degree preferred General knowledge of real estate development and construction principles/practices required Minimum of 2 years’ experience in multi-family or mixed-use residential construction wjth experience in commercial real estate transactions an advantage Experience with Low-Income Housing Tax Credits is a huge plus Experience with other subsidies (tax exempt bond financing, New Market Tax Credits, Historic Tax Credits, AHP grants, etc.) a huge plus Excellent problem-solving skills, with an adaptable and flexible style in working with all types of individuals A self-starter that can handle multiple and competing deadlines. Experienced dealing with subcontracts, subcontractors and/or self-perform work is a plus Prepared to work with multiple financial partners on complex transactions, with an ability to understand the ultimate goal and outcome for Jubilee and the financial partner. Creative and results-oriented, with a strong sense of urgency Successful Project Management experience on projects in ground up commercial office and/or multifamily projects is a plus Highly entrepreneurial and self-motivated, with the ability to work equally well on own as well as in a team environment Desire to learn and adapt to situations Benefits Benefits include health, vision, and dental insurance, STD, LTD, and Life insurances, paid vacation, sick leave, holidays, transportation stipend and a 403b matched contribution retirement plan. Background and Reference Checks Finalists for this position will be required to consent to a pre-employment background and provide three professional reference checks as a condition of employment. Background check results do not automatically preclude you from being considered for employment. We recognize that each candidate's circumstances may differ, and we evaluate all aspects of your application and qualifications before making a final decision Hybrid Work Model Jubilee observes a hybrid work schedule; agreed upon schedule with manager Jubilee Housing is an Equal Opportunity Employer About Jubilee Housing The mission of Jubilee Housing is to build diverse, compassionate communities that create opportunities for everyone to thrive. Since 1973, Jubilee has worked to provide high quality affordable housing and holistic support to individuals and families in the Adams Morgan, Mount Pleasant and Columbia Heights neighborhoods of Washington D.C. Jubilee operates more than a dozen properties totaling over 500 homes and has an active development pipeline of new affordable housing, including D.C.’s first urban aquaponics and hydroponics farm located in the basement and rooftop of one of our buildings. Jubilee also offers robust programming for residents and community members as they pursue life goals. Jubilee’s Justice Housing® model is built on the principle of providing deeply affordable homes with onsite or nearby services located in neighborhoods where resources such as good schools, grocery stores, and public transportation are readily accessible. Jubilee is seeking individuals who want to work with us to ensure Justice Housing becomes a reality for all who need it.