Underwrite new development opportunities including identifying market-specific economic and demographic data, rental comparables information, construction cost estimates, local permit and fee costs and local supply and demand statistics.
Work with the Investments team to prepare informational packages for the internal Investment Committee as well as Offering Memoranda for equity partners and outside lenders.
Oversee and implement all facets of the development process including planning, design, entitlement, construction and lease-up of the projects.
Thoroughly review civil, architectural and interior design plans to drive quality and cost effectiveness.
Prepare, maintain and monitor project budgets and prepare monthly project development reports.
Prepare and maintain the financial projections, monthly draw requests and related analyses for the development and operation of the projects.
Provide leadership and mentoring for less experienced Associates.
Development Manager Requirements:
Bachelors degree in a related field
MBA or Masters in Real Estate preferred
5+ years' experience on mixed-use projects with another Developer, ideally in DC
Desire to work for a high-end development firm
This mid-sized real estate development & investment firm works mostly in the large-scale mixed-use, multi-family market in DC. Over the past 15 years in operation, the company has made an impressive name for itself and has become a major player in the mixed-use development space. The office is based in Washington, DC. Highly competitive salary, bonus & benefits package. Interested in learning more? Submit your resume now.
* The salary listed in the header is an estimate based on salary data for similar jobs in the same area. Salary or compensation data found in the job description is accurate.