Share This Article
Real Estate Development Manager
Position Title: Real Estate Development Manager
Reports To: Vice President of Development
Classification: Full-time, Exempt
The Development Manager serves as a key member of the real estate development team and is responsible for assisting with and sometimes overseeing the management and development of real estate projects, including acquisition, proformas, underwriting, design, preconstruction, entitlements, and the project management of real estate development activities. Overall duties include assisting development executives with acquiring, directing, planning, and controlling real estate development operations, including the assessment of financial projections and opportunities consistent with project objectives and department procedures. Additionally, this position interacts with multiple internal departments including Legal, Leasing, Finance, Accounting, Business Development and Construction to achieve real estate project goals consistent with company expectations.
Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
- Work with the development executives on pre-development and real estate development initiatives in order to bring projects to fruition, including acquisitions and asset management.
- Participate in and lead certain initiatives for the due diligence portion of potential development projects, including but not limited to zoning approvals, easement acquisition, geotechnical and environmental studies.
- Assist in maintaining a working budget for projects, including hard costs and soft costs, as well as tracking costs from project inception through completion.
- Execute assigned duties in relation to exploratory projects including site investigation, project description, conceptual plan, and development schedule.
- Aid in monitoring overall project schedules, while advising other members of the development team regarding issues related to maintaining the critical path for completion.
- Work in conjunction with the construction team to ensure project planning, phasing, turnover and schedule are all executed efficiently for the maximum benefit of the project.
- Collaborate with development and financial executives on the creation and maintenance of project proformas, financial underwriting, and/or financial objectives.
- Serve as point of contact between Keystone and outside vendors, consultants, utility providers, and/or municipalities.
- Coordinate with internal and external resources required for each project.
- Other duties as assigned by supervisor
Non-Essential Functions and Other Duties
This job description is not designed to cover or contain a comprehensive listing of job functions or responsibilities that are required to successfully perform this position. Other duties and activities may be assigned by senior management and essential functions are subject to change at any time with or without notice.
This position requires a bachelor’s degree in real estate development, urban planning, civil engineering, construction management, construction science, construction engineering, or a related field and at least five years’ experience in real estate development, design, acquisition, and project schedule monitoring. Competencies for this position include:
- Demonstrated knowledge of the real estate development process.
- Demonstrated experience in commercial real estate acquisition and financing.
- Experience in project planning, budget creation, and cost monitoring.
- Proven mathematical skills.
- Problem solving/analytical skills and experience.
- Leadership skills.
- Project management skills and experience.
- Business-related software experience and skills.
Having at least eight years of real estate development, design, acquisition, and project schedule monitoring experience in multi-family residential, retail, and mixed-use real estate development projects is preferred for this position.
This is a full-time position that operates in a professional office environment and occasionally on job sites. While in the office, this position routinely uses standard office equipment, such as computers, phones, photocopiers, filing cabinets, and fax machines. While performing the on-site duties of this job, the employee is frequently exposed to fumes or airborne particles, moving mechanical parts, and vibration. The employee is occasionally exposed to a variety of extreme conditions at construction job sites. The noise level in the work environment can vary from quiet to loud, depending on the day and work location.
The following physical demands are representative of those that must be met by an employee to successfully perform the essential functions of this job. This position is regularly required to sit, stand, and walk, while occasionally required to stoop, kneel, crouch, crawl, or carry up to 10 lbs.
Personal Work Relationships
Must have the ability to work well with other employees, as well as with the general public, while maintaining a positive attitude at all times.
Some travel might be required, based on project locations.
There are no expected supervisory responsibilities, for this position, currently
Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities, essential functions, and activities may change at any time with or without notice.