Manager of Real Estate Development

Position Title:  Manager of Real Estate Development

Department:  Real Estate Development

Prepared:  10.6.2023

Reports To:  Director of Real Estate Development

FLSA Status:  Exempt

 $62,300 - 79,300 Salary is based on education and experience.

Apply for Manager of Real Estate Development using the link below:

https://workforcenow.adp.com/mascsr/default/mdf/recruitment/recruitment.html?cid=306a45fc-3c35-4dad-b801-9a3d44340507&ccId=19000101_000001&lang=en_US&jobId=9200592924202_1&source=EN

Summary

This position has the overall responsibility for assisting with the management of the operations and administration of the Real Estate Development Department. Critical functions of this position include real estate development, multi-family design, finance, program administration and federal, state and municipal regulatory compliance.  As part of a team, negotiates development, regulatory, partnership and operating and other agreements on behalf of the Akron Metropolitan Housing Authority (AMHA). All activities must support AMHA's mission, strategic goals and objectives.

 

Essential Duties and Responsibilities

The below statements are intended to describe the general nature and scope of work being performed by this position.  This is not a complete listing of all responsibilities, duties and/or skills required. Other duties may be assigned.

 

Assists with the analysis, development and implementation of a comprehensive plan for AMHA’s real estate development initiatives to maximize income and preserve/create asset value and income; assists with the development of hold/sell analyses, annual operating and capital improvement budgets, market analyses, and asset valuation.

Assists with the structuring, design, negotiation and supervision of real estate development and redevelopment transactions, including Choice Neighborhoods, bond financing, use of Low-Income Housing Tax Credits, grants and other mixed financing and HUD programs (RAD, etc.).

Identifies funding sources; fosters financial and business support for projects; explores and negotiates terms with lenders and investors; secures grants and loans; conducts business due diligence reviews of complex financial agreements and loan documents.

Manages and/or conducts due diligence analysis of real estate development opportunities relative to insurance, legal, land, architectural and environmental issues.

Negotiates the business terms and manages all aspects of real estate acquisitions, demolitions and dispositions.

Monitor changes in Federal and other regulations applicable to real estate development and work with co-workers to develop and implement procedures to ensure compliance.

Research, interpret, apply, and comply with HUD and other regulatory compliance.

Works directly with landlords, economic development officials and other municipal, regional and federal representatives involved in economic and real estate development in order to secure business and legal terms consistent with the Agency’s goals and needs.

Assists in planning and implementing Summit Lake Transformation Plan and otherwise assists with the Summit Lake Choice Neighborhoods initiative.

Assist with general real estate matters.

Ensures deadlines and program goals are met.

Assists with monitoring department expenditures, and oversees capital and pro forma operational budgets for projects.

Provides technical consultation and assists in the development of Request for Proposals as needed.

Assumes special projects as required; provides feedback and assists, when necessary, in the preparation of AMHA’s 5-Year and Annual Plans;

Fosters and maintains positive relationships with co-workers, residents, and community partners.

Facilitates cross-functional communication and cooperation.

Performs other duties as assigned.

 

Competencies

To perform this job successfully, an individual should demonstrate the following competencies:

 

Commitment: Sets high standards of performance; pursues aggressive goals and works hard/smart to achieve them; strives for results and success; conveys a sense of urgency and brings issues to closure; persists despite obstacles and opposition.  This skill is characterized by the following types of behaviors:

Takes initiative to make things happen

Maintains positive “can-do” attitude; successfully meets or exceeds goals

Demonstrates dedication to and understanding of the mission of the organization

Takes ownership of issues and problems, even when originating in other areas

Consistently demonstrates effort to meet and exceed internal/external client expectations 

Overcomes obstacles to complete projects/tasks successfully

Continuously improves own performance standards and results

Makes specific changes in work processes to improve performance

Learns and applies new information quickly

 

Customer Service: Meets/exceeds the expectations and requirements of internal and external customers; identifies, understands, monitors and measures the needs of both internal and external customers; talks and acts with customers in mind.  Recognizes work colleagues as customers. This skill is characterized by the following types of behaviors:

Treats customers with courtesy and concern; responds promptly, professionally and politely

Anticipates what customer wants, and works to provide it

Initiates action/response to customer complaint/inquiry

Responds in a timely and effective manner, even if just following-up

Considers every customer interaction as important

Always delivers on customer commitments. Translates customer information to others in the organization as needed

Ensures that consultation, products and services delivered address the customer's needs by asking customer for feedback

 

Effective Communication:  Ensures important information is passed to those who need to know; conveys necessary information clearly and effectively orally or in writing. Makes effective speeches and presentations on complex topics to top management, public groups and/or boards of directors. Demonstrates attention to, and conveys understanding of, the comments and questions of others; listens and responds effectively.  This skill is characterized by the following types of behaviors:

Willingly shares information

Recognizes important information and ensures that others are informed as needed

Clearly and concisely expresses ideas and concepts orally and in writing

Listens openly and non-judgmentally

Expresses disagreement tactfully and sensitively

Summarizes input, then checks for understanding

Listens without interrupting

Uses correct grammar, spelling and punctuation

Maintains eye contact when speaking

Thinks through main ideas that he/she is trying to express

Ensures information is accurate

 

Responsiveness and Accountability: Demonstrates a high level of conscientiousness; holds oneself personally responsible for one's own work; does fair share of work.  This skill is characterized by the following types of behaviors:

Will not ignore a problem, even if it is not one's direct responsibility

Anticipates and acts to avoid a future problem

Reacts quickly and positively to customer and co-worker inquiries

Puts the highest priority on accomplishing objectives

Takes responsibility for one's own actions

Ensures fair share of work is completed

Appropriately shares credit for work and ideas with co-workers and subordinates

 

Qualifications

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

 

Education and/or Experience - Bachelor’s degree is required in Urban Planning, Business Administration, Public Administration, Real Estate Development or other related field (Master’s degree or Juris Doctor preferred). At least five years of real estate experience are required. Previous housing authority experience and knowledge of public administration and communications are desirable.

 

Language Skills - Ability to read, analyze and interpret common technical journals, financial reports, and legal documents.  Ability to respond to inquiries or complaints from customers, regulatory agencies, or members of the business community.  Ability to write speeches and articles for publication that conform to prescribed style and format.  Ability to effectively present information to top management, public groups, residents and/or boards of directors.

 

Mathematical Skills – Strong financial management skills preferred. Ability to apply concepts such as fractions, percentages, ratios, and proportions to practical situations. Knowledge of real estate finance knowledge.

 

Reasoning Ability - Ability to define problems, collect data, establish facts, and draw valid conclusions. Ability to interpret an extensive variety of technical instructions in mathematical or diagram form and deal with several abstract and concrete variables.

 

Computer Skills - To perform this job successfully, an individual should be proficient in Microsoft Office suite programs, Adobe, and Summit County’s Geographic Information System (GIS). Must be able to learn other software programs as required.

 

Physical Demands

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

 

Physical demands may include kneeling, reaching, pushing, manipulating, talking, hearing, sitting for extended periods, crouching, standing for extended periods, stooping, walking, lifting up to 20 lbs. and repetitive motion using a keyboard, telephone and calculator. The visual acuity requirements include viewing a computer monitor and extensive reading.

 

Work Environment

The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

 

While performing the duties of this job, the employee may be asked to visit AMHA properties and/or construction sites and may be exposed to outside weather conditions. The noise level in the work environment is moderate.

 

AMHA offers a culture committed to diversity, equity and inclusion; comprehensive compensation and benefits program including, but not limited to: Competitive salary; Participation in the Ohio Public Employees Retirement System; Excellent medical, free dental and vision plans with minimal out of pocket cost; Basic Life insurance; Fourteen paid holidays; Paid vacation, personal and sick plans.