Real Estate Developer

Summary Purpose for the Position:

Entry level position which works directly with the Sr. Vice President of Real Estate Development to fulfill the responsibilities of a real estate developer. Working to complete all tasks associated with the development of housing developments throughout PathStone’s geographic footprint.

Requirements (Education, Experience, Certification, Knowledge, Skill):

BA or graduate study in business, finance, economics, public administration, community development, planning or a related field or Two (2) + years of experience with affordable rental housing, particularly with the development of such housing.

An equivalent combination of education and experience that would reasonably provide the required knowledge and skills may be acceptable.

An understanding of the real estate development and public planning process; familiarity with public housing programs at the federal, state and local level.

Must possess strong written and verbal communication skills, including strong capacity in Outlook (or similar email/calendar program), Word, PowerPoint, and database software. Competency in Publisher or other graphic design software strongly preferred.

Must possess experience in financial management and budgeting, including strong ability in and past experience with Excel.

Must possess and demonstrate high level of ethical values, including honest, integrity, confidentiality and diplomacy.

Must have the ability to multi-task and possess the ability to handle pressure situations with ease.

Position Responsibilities:

Under the supervision of the Senior Vice President of Real Estate Development, work as part of the development team to evaluate potential sites to determine feasibility for affordable rental housing and assist in the negotiation of purchase agreements.

Under the supervision of the Senior Vice President of Real Estate Development, evaluate financial feasibility and establish a financing plan from conventional and public lenders and investors.

Secure necessary local approvals.

Apply for, secure and report upon each stage of development, including pre-development, construction, and permanent financing.

As part of the development team, assemble and coordinate with the development team, including architects, engineers, general contractors, attorneys and other consultants.

Prepare for and make public presentations as necessary for local approvals and community support.

As part of the development team, oversee construction, monitor construction budget and review change orders.

Monitor project finances and provide updates to the Senior Vice President of Real Estate Development, Senior Vice President for Property Management, Board of Directors including any relevant affiliate boards of directors.

As part of the development team with technical assistance from the Sr. VP of Real Estate Development prepare grant applications.

As part of the development team, responsible for identifying all necessary financial commitments in order to complete a project.

Level 1 Specific:

Working as part of a development team with technical assistance from other team members or Sr. VP of Real Estate development.

No proven history of successfully developing and packaging funding applications for preservation, adaptive reuse or new construction. Technical assistance is required for level 1.

Spending authority requires Sr. VP approval.

Sr. VP identifies training opportunities resulting in certification in specific fields.

Working Conditions/Environment:

Coordinate projects with development team to take lead or participate as a team effort.

Possible overnight travel is part of this position.

Transportation Requirement:

Position requires automobile, driver’s license and insurance.

Car available for work with proper insurance on said car.

Last Updated: 12/14/2016, 01/25/2019

Replaces: PS7 to PS9

Approved: Sr VP of HR