Development Project Manager
Our Client
- A rapidly growing, private Developer of diverse real estate projects, including acquisition-rehabs and new construction projects, specializing in Affordable Housing
- Have been ranked in Affordable Housing Finance’s Top 8 nationally
- Growing and expanding geographically with a presence in 19+ states
- 20%+ year-over-year growth rate
- $1B+ in assets within Affordable Housing; averaging about 10 new deals/year
- Track record of success acquiring/rehabbing/developing 15k+ units
- Well-capitalized organization, providing the ability to close deals quickly and in any economic environment
- Reputation for promoting from within and rewarding top performers accompanied by an upbeat, high-performing team with a forward-thinking and progressive culture
- Entrepreneurial and collaborative environment
- Strong learning and advancement opportunities, including taking on more responsibility and autonomy with the projects you’re managing
The Opportunity
- Primary job responsibilities will be to coordinate, implement, and manage activities related to Affordable Housing development
- Support the leadership team in all aspects of Affordable Housing and LIHTC acquisition, rehabilitation and development
- Support acquisitions and new construction efforts including analyzing potential development projects for the firm
- Research and help to develop financing sources, prepare financing applications and meet other lender requirements
- Prepare and update project proformas and complete project funding applications to local, state, and federal agencies and ultimately close the financing with all such agencies
- Coordinate and manage third-party contacts and vendor teams
- Manage and advise the Construction team to ensure timely completion of a financially feasible and operationally viable project
- Prepare and monitor project budgets, cash flow projections, and project schedules including monitoring contract compliance throughout the development process
- Perform site inspections; coordinate with Accounting on tax returns and audits and collaborate with Asset Management to establish and ensure long-term quality
- Initiate and maintain professional relationships with outside entities and stakeholders
- Strategize and coordinate with other departments to make certain programmatic issues regarding development and operations are addressed
- Frequent travel will be required
Required Education & Experience:
Candidates for the Project Manager position should have a minimum of a Bachelor’s degree and five years of on-the-job experience in Real Estate Development with an emphasis in multifamily affordable housing development project management and LIHTC. A Master’s degree in a relevant field is a plus.
Candidates should be skilled with MS Office suite and recognize that detail-oriented tasks are critical to a business’s long-term success. The position may include additional Project Management responsibilities, as listed below:
- A Bachelor’s degree and years of on-the-job experience in Real Estate Development preferred with an emphasis in multifamily housing and Affordable Housing development project management
- Experience in Affordable Housing / LIHTC required
- Prior experience in development project management is a plus
- Skilled in MS Office suite
- Strong awareness and attention to detail as assigned tasks are critical to the long-term success of the organization
- High degree of independence, motivation, and accountability
- Exposure to private and public debt financing and equity typical of Affordable Housing development
- Able to work with time sensitive material and meet multiple competing deadlines
- Exceptional organizational, analytical, and written and verbal communication skills and a high capacity to multi-task
- Excellent interpersonal skills are a must as well as the ability to work effectively with a team
- Ability to travel as needed
OUR FIRM
KM Partners’ national Executive Search and Professional Recruitment practice areas focus on high-growth, impact-investment-oriented businesses across relevant industries, including Investment Management, Real Estate, Clean Energy, Sustainable Infrastructure, and related Business and Professional Services. With a core focus in Tax Credits (LIHTC, NMTC, Historic, & Renewable), Multifamily, Affordable and Senior Housing, we partner with clients and place industry-specific professionals throughout the United States. At KM, we have established an unparalleled track record of repeat business and success recruiting in niche practice areas, including 140+ placements in Affordable Housing, which have led to 50+ promotions to date. We represent C-level Executive Leadership, Middle Management, and experienced Associates across industry professions.