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Real Estate Development Director
•30 days ago
| Hours | Full-time |
|---|---|
| Location | Indianapolis, IN Indianapolis, Indiana |
About this job
DescriptionHERMAN & KITTLE PROPERTIES-Development Director
Location: Indianapolis or Remote. Will oversee Developments for Michigan & Ohio
POSITION SUMMARY:
Responsible and accountable for creating new apartment opportunities (new construction) in an assigned territory for the company. This includes deal generation and coordinating all aspects of the pre-development and zoning process.
ESSENTIAL DUTIES AND RESPONSIBILITIES:
•Lead the pre-development process which includes, but is not limited to, market and site identification, contract negotiations, zoning / rezoning, deal structuring and underwriting, relationship building / management with both internal and external partners, etc.
•Determine market and financial feasibility of new real estate opportunities
•Perform, coordinate and / or lead pre-development work such as preliminary architecture and site design, zoning issues, and local government support
•Calculate financial feasibility of proposed developments including pro forma analysis, profitability analysis, and internal rate of return analysis
•Prepare and submit financing packages including: Low-Income Housing Tax Credit, Tax Exempt Bond, HOME, CDBG, FHLB / AHP grants, construction and permanent financing, and equity syndication or other appropriate funding sources
•Coordinate with other departments in order to successfully generate a pipeline of deals
•Distribute information to construction, management and accounting staff when appropriate
•Other duties as assigned
RequirementsQUALIFICATIONS/SKILLS & KNOWLEDGE REQUIREMENTS
•Bachelor’s degree (B.A./B.S.) or equivalent
•5 – 10+ years of experience
•Must have multifamily development experience
•Section 42 low income housing tax credit experience preferred
•Language Skills - Ability to read, write, interpret and analyze business publications, technical procedures and government regulations. Ability to write and interpret reports, correspondence and manuals. Ability to effectively present to groups of people including employees, vendors and the general public.
•Math Skills - Ability to work with concepts such as internal rate of return (IRR), net present value (NPV), and various other valuation metrics. Ability to apply concepts such as fractions, percentages, ratios and proportions to situations.
•Reasoning Skills - Ability to solve problems and work with a variety of concrete variables in situations where only general guidelines exist. Ability to interpret instructions in written, oral, diagram or schedule form.
•Computer Skills – Advanced experience with MS Office.
•Other Skills – Must be a team player, strong people skills and be able to multi-task while remaining flexible.
•Travel – Must be willing to travel up to 40 – 60% of the time.
Location: Indianapolis or Remote. Will oversee Developments for Michigan & Ohio
POSITION SUMMARY:
Responsible and accountable for creating new apartment opportunities (new construction) in an assigned territory for the company. This includes deal generation and coordinating all aspects of the pre-development and zoning process.
ESSENTIAL DUTIES AND RESPONSIBILITIES:
•Lead the pre-development process which includes, but is not limited to, market and site identification, contract negotiations, zoning / rezoning, deal structuring and underwriting, relationship building / management with both internal and external partners, etc.
•Determine market and financial feasibility of new real estate opportunities
•Perform, coordinate and / or lead pre-development work such as preliminary architecture and site design, zoning issues, and local government support
•Calculate financial feasibility of proposed developments including pro forma analysis, profitability analysis, and internal rate of return analysis
•Prepare and submit financing packages including: Low-Income Housing Tax Credit, Tax Exempt Bond, HOME, CDBG, FHLB / AHP grants, construction and permanent financing, and equity syndication or other appropriate funding sources
•Coordinate with other departments in order to successfully generate a pipeline of deals
•Distribute information to construction, management and accounting staff when appropriate
•Other duties as assigned
RequirementsQUALIFICATIONS/SKILLS & KNOWLEDGE REQUIREMENTS
•Bachelor’s degree (B.A./B.S.) or equivalent
•5 – 10+ years of experience
•Must have multifamily development experience
•Section 42 low income housing tax credit experience preferred
•Language Skills - Ability to read, write, interpret and analyze business publications, technical procedures and government regulations. Ability to write and interpret reports, correspondence and manuals. Ability to effectively present to groups of people including employees, vendors and the general public.
•Math Skills - Ability to work with concepts such as internal rate of return (IRR), net present value (NPV), and various other valuation metrics. Ability to apply concepts such as fractions, percentages, ratios and proportions to situations.
•Reasoning Skills - Ability to solve problems and work with a variety of concrete variables in situations where only general guidelines exist. Ability to interpret instructions in written, oral, diagram or schedule form.
•Computer Skills – Advanced experience with MS Office.
•Other Skills – Must be a team player, strong people skills and be able to multi-task while remaining flexible.
•Travel – Must be willing to travel up to 40 – 60% of the time.
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