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Development Manager
Michael Page | Houston | $120,000/year | michaelpage.com |
About Our Client
A national multifamily developer who have experienced a record year last year and continuing to perform well in 2024. The firm run a fully integrated model and as such offer a collaborative environment and are able to execute on exciting development projects.
Job Description
Development Manager responsibilities:
• Assist in locating and evaluating properties for acquisition, rehabilitation, or development of both affordable and market-rate opportunities.
• Assist in the negotiation of land purchases including drafting Letters of Intent and Earnest Money Contracts.
• Assist with the development of budgets and timelines for the various stages of acquisition and development.
• Coordinate with project consultants during the due diligence process including architects, engineers, appraisers, market analysts, surveyors, title companies, etc. as necessary.
• Review of due diligence materials related to each project being developed.
• Provide administrative support related to the preparation of housing tax credit applications, become familiar with the state's Qualified Allocation Plan and the corresponding timelines and deadlines associated with the tax credit application process.
• Assist in the oversight of the construction process to assure that timelines are being followed; plans and specifications are being adhered to and assist with the preparation of monthly draw expenditure requests. Assist with the coordination between the contractor and the management company to ensure the orderly and efficient transfer of buildings from construction to resident status.
• Assist in working with all necessary public officials and neighborhood groups in markets being considered for development. Assist with public presentations and prepare corresponding marketing materials.
• Assist in responding to lenders and syndicators on project related due diligence requirements throughout the development process.
• Assist in the preparation of development reports to provide the status of current projects to senior leadership
• Assist in financial underwriting for potential transactions. Perform market analysis for potential transactions.
• Assist in ensuring that all state required reporting deadlines are met.
• Review property management reports to ensure that assets are being run efficiently within budget and occupancy level goals.
• Visit properties within the current portfolio to monitor physical conditions and resident satisfaction.
• Assist in the asset management of the portfolio.
MPI does not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity or expression, national origin, age, disability, veteran status, marital status, or based on an individual's status in any group or class protected by applicable federal, state or local law.
MPI encourages applications from minorities, women, the disabled, protected veterans and all other qualified applicants.
The Successful Applicant
The candidate will work independently in the execution of all aspects of assigned multifamily projects. The individual will have an understanding of and learn all aspects of the development process and be expected to develop a strong track record as a Development Manager. The ideal Development Manager candidate will meet these qualifications:
• A degree in architecture, civil engineering or construction. An MBA or Master's in Finance is preferred.
• A minimum of 4-5 years' relevant work experience, preferably with a design or construction firm or in construction management.
• Knowledge and experience in multifamily projects
• Management experience including projects in the $10 - $40 million range.
• Strategic thinker with excellent analytical and problem solving
• High attention to detail. Ability to work independently as well as in a team-environment.
• Strong work ethic with the ability to oversee and handle multiple responsibilities.
• Customer-service oriented with a high level of integrity.
• Excellent communication skills: presentation, interpersonal, verbal and written.
What's on Offer
Strong basic salary plus upward mobility and access to other variable compensation. For someone with 4-5 years of experience our client will pay roughly $100,000 to $120,000 in salary. There is flexibility to pay above this range for someone with more experience.
A national multifamily developer who have experienced a record year last year and continuing to perform well in 2024. The firm run a fully integrated model and as such offer a collaborative environment and are able to execute on exciting development projects.
Job Description
Development Manager responsibilities:
• Assist in locating and evaluating properties for acquisition, rehabilitation, or development of both affordable and market-rate opportunities.
• Assist in the negotiation of land purchases including drafting Letters of Intent and Earnest Money Contracts.
• Assist with the development of budgets and timelines for the various stages of acquisition and development.
• Coordinate with project consultants during the due diligence process including architects, engineers, appraisers, market analysts, surveyors, title companies, etc. as necessary.
• Review of due diligence materials related to each project being developed.
• Provide administrative support related to the preparation of housing tax credit applications, become familiar with the state's Qualified Allocation Plan and the corresponding timelines and deadlines associated with the tax credit application process.
• Assist in the oversight of the construction process to assure that timelines are being followed; plans and specifications are being adhered to and assist with the preparation of monthly draw expenditure requests. Assist with the coordination between the contractor and the management company to ensure the orderly and efficient transfer of buildings from construction to resident status.
• Assist in working with all necessary public officials and neighborhood groups in markets being considered for development. Assist with public presentations and prepare corresponding marketing materials.
• Assist in responding to lenders and syndicators on project related due diligence requirements throughout the development process.
• Assist in the preparation of development reports to provide the status of current projects to senior leadership
• Assist in financial underwriting for potential transactions. Perform market analysis for potential transactions.
• Assist in ensuring that all state required reporting deadlines are met.
• Review property management reports to ensure that assets are being run efficiently within budget and occupancy level goals.
• Visit properties within the current portfolio to monitor physical conditions and resident satisfaction.
• Assist in the asset management of the portfolio.
MPI does not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity or expression, national origin, age, disability, veteran status, marital status, or based on an individual's status in any group or class protected by applicable federal, state or local law.
MPI encourages applications from minorities, women, the disabled, protected veterans and all other qualified applicants.
The Successful Applicant
The candidate will work independently in the execution of all aspects of assigned multifamily projects. The individual will have an understanding of and learn all aspects of the development process and be expected to develop a strong track record as a Development Manager. The ideal Development Manager candidate will meet these qualifications:
• A degree in architecture, civil engineering or construction. An MBA or Master's in Finance is preferred.
• A minimum of 4-5 years' relevant work experience, preferably with a design or construction firm or in construction management.
• Knowledge and experience in multifamily projects
• Management experience including projects in the $10 - $40 million range.
• Strategic thinker with excellent analytical and problem solving
• High attention to detail. Ability to work independently as well as in a team-environment.
• Strong work ethic with the ability to oversee and handle multiple responsibilities.
• Customer-service oriented with a high level of integrity.
• Excellent communication skills: presentation, interpersonal, verbal and written.
What's on Offer
Strong basic salary plus upward mobility and access to other variable compensation. For someone with 4-5 years of experience our client will pay roughly $100,000 to $120,000 in salary. There is flexibility to pay above this range for someone with more experience.
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