Development Manager

Jonathan Rose Companies is one of the country’s leading owners, developers and operators of green affordable and mixed-income communities. The Development Manager is responsible for managing all phases of real estate development for multiple projects, including due diligence, feasibility analysis, and project completion, while demonstrating a strong commitment to the company's mission and values.

Responsibilities

• Project Due Diligence: support Senior Team Member in collecting due diligence materials, financial analysis of a project or site, assisting with RFP/RFQ proposals, and preparing other necessary information to evaluate the development opportunity
• Entitlement: manage the public approval process, includes meetings with public officials and community representatives in coordination with Senior Team Members
• Project Management: day-to-day management and advancement of the project. Areas of responsibility include but are not limited to develop and monitor project schedule, budgets, manage the design consultants and project team, attend all regularly schedule project oversight meetings, facilitate community outreach and prepare reports for management, investors and partners
• Financial Management: Develop proformas and updating as the project progresses, tracking development costs and budget variances, collaborating effectively with the Accounting Department
• Project Financing: prepare financing applications and analysis, and source construction and permanent financing; assist in negotiation of the terms; day-to-day management of the closing process
• Lease Up / Stabilization: coordinate with project team in opening of the property, including coordination of model apartment, property management office set-up; coordinate with internal and external team to create marketing and leasing strategy for the completed development. Oversee lease-up activities, convert to Permanent Financing and transition to Asset Management

Skills

• Master's Degree in Real Estate Development or relevant field
• Will consider Bachelor's Degree with affordable/mixed-income housing development experience
• Minimum of 1-3 years of real estate experience, ideally in affordable housing development or closely related field is required
• Self-motivated, driven and proactive with an established track record of getting things done effectively, efficiently, and independently
• Capacity to create/sustain project momentum over months and years
• A team player, able to work in an entrepreneurial environment and balance multiple priorities and deadlines
• Meticulous attention to detail in task management systems, filing, budget management, due diligence reviews, and financial analysis
• Strong reading comprehension and writing skills
• Excellent analytical skills and command of affordable housing financing
• Very strong financial modeling and quantitative skills (expertise in Excel is required)
• Excellent interpersonal and communication skills
• Proficient knowledge of building design and ability to review design drawings
• Ability to travel up to 20% of the time
• Additional experience preferred

Benefits

• Medical
• Dental
• Vision
• Flexible Spending Accounts
• Life
• Short-Term Disability
• Long-Term Disability
• 401K with company match
• Competitive paid time off policy
• Paid holidays
• Parental bonding leave
• Educational assistance

Company Overview