Pennrose is an industry leader in the development and management of Affordable Housing. We are excited to be hiring for a Developer for our Development Office located in Baltimore, MD.
This position assumes full responsibility for the successful completion of multi-faceted real estate development projects – both market-rate and affordable - from inception through construction completion and lease-up. This individual is responsible for the strong leadership of an in-house team of Associate Developers, Assistant Developers and Administrative Assistants. This individual simultaneously assembles and manages an external team of financiers, architects, designers, engineers and contractors. Each developer simultaneously coordinates multiple projects in varying stages of development. This position demands strong financial skills for Financial Modeling, creative thinking, leadership, and effective communication.
Duties & Responsibilities:
• Identification and evaluation of real-estate development opportunities • Determination of the financial feasibility for a viable project • Determination of the suitability of a site • Direct report to Pennrose Properties Chief Financial Officer for predevelopment expenditures expectations, development cash-flow, and development capital requirements • Drafting and finalizing multiple, professional RFPs and RFQs • Establishing strong public private partnerships • Delivery of professional Powerpoint presentations before both large and small groups of financiers, municipalities, and community constituents for the purpose of marketing Pennrose Properties to groups potentially skeptical and occasionally adverse • Development of realistic project budgets • Coordination of efficient land-development approval process • Assembly and leadership of superior development team • Coordination of legal team • Responsibility for all site control documentation, loan agreements, equity documents and partnership agreements • Collaboration with architects and engineers in designing proposed developments • Determination of realistic project schedules • Meeting design, funding and construction deadlines throughout the project
Required Education & Experience:
• BA or BS required • At least four years of experience as an Associate Developer or equivalent position • Demonstrated understanding of project proformas for both market-rate and public housing developments • Profound understanding of HUD and Housing Finance agency budget requirements • Experience in filing applications requesting Low Income Housing Tax Credits, Federal Home Loan Bank Affordable Housing Program funds and a multitude of other soft resources • Requires a valid driver’s license, an insured vehicle, and the ability to travel (between properties, on-call emergencies, training, etc.)
For more information, please visit our website at www.pennrose.com
Pennrose is an Equal Opportunity Employer EOE M/F/D/V
Since 1971, we have been working to improve the lives of working families by creating safe, secure housing communities where residents can build fulfilling lives.We recognize that our legacy will be not only the buildings we develop, but also the neighborhoods they improve, the residents who call them home, and the employees who demonstrate the Pennrose core values to support our mission.Pennrose has achieved a national reputation of excellence for real estate development and multifamily property management.