A$ A' "A' ?JOB DESCRIPTION FOR REAL ESTATE DEVELOPMENT MANAGERA' Banneker Ventures, a diversified real estate firm with offices in Maryland and Washington, DC, and a member of the BE100, has an immediate opportunity for a motivated and experienced Development Manager to work on multi-family and mixed-use multi-family, retail and office projects.A' Our Development Manager is involved from start to finish on development projects and is responsible for providing support to the project leadership of the Real Estate Development Division to ensure quality and timely execution of development of projects from start to completion. A' A' Responsibilities:GeneralProvide management and direction for a large and growing portfolio of assetsOversee day-to-day operations for the development of projectsSchedulingDevelop master project schedule (incorporating all phases of the project) and update on regular basisA' Partnership DocumentsWork with counsel to draft agreements related to deals (LOIs, Operating Agreements, Investment Agreements, Deeds of Trusts, Promissory Notes, Purchase and Sale Agreements, etc.)A' Banking Coordinate with Accounting Department to open account for new partnershipsA' Site AcquisitionDraft Letters of Intent to purchase/lead land/propertyNegotiate purchase/lease contracts with sellersPerform due diligence on sites, including obtaining existing title policy for each property, boundary surveys, leases, soils reports, hazardous clearances, mortgage statements, real estate tax bills, certificates of occupancies, code violations, as-built drawings, pending litigation, etc.A' Budgets and ProformasPerform pro forma financial analysis of properties for acquisition and redevelopment.Prepare financial pro forma and development budgets and property operating budgetsPrepare applications and financing proposals with multi-layered financing sources. A' Financings/ClosingsCoordinate preparation and review of documents to reach closing with financing institutionsReview, Edit and Negotiate Closing Documents, including Promissory Notes, Deeds of Trust, Loan Agreements, Incumbency Resolutions and other documents needed to close on financing for deals.If project is being financed with a HUD loan, coordinate concept meeting with lender and HUD, oversee submission of Pre-Application to HUD, oversee Firm Application to HUD, coordinate closing of HUD-insured loanRequest and negotiate term sheets and commitment letters from debt, mezzanine and equity partners.A' Zoning and Planning ApprovalsInvestigates zoning for siteIf applicable, identify steps to re-zone sitesIdentify potential zoning counsel, obtain proposals from zoning counsel, and oversee work of zoning counselReview and make comments to zoning applications.Participate in meetings with Planning offices, Planning Boards, community organizations, etc.DesignIdentify design firms, obtain proposals from firms, ensure that all scope items are included in proposals (architecture, MEP, structural, civil, landscape, dry/wet utilities, traffic consultant, etc.)Negotiate contract with selected design firm(s) and recommend execution of contract.A' .A' A' A' A' A' A' A' Coordinate with design firms throughout the projectA' .A' A' A' A' A' A' A' Hold regular meetings with design firms ensuring that project stays on schedule from a design standpoint and that design firms are keeping project within budgetMarket StudiesIdentify market study firms, obtain proposals from firms to perform market study, negotiate contract with selected market study firm and recommend execution of contract.Review drafts of market studyAppraisalsIdentify appraisal firms, obtain proposals from firms to perform appraisals, negotiate contract with selected appraisal and recommend execution of contract.Review draft of appraisal and provide feedback to draft appraisalsA' Management CompaniesNegotiate leases with tenants and tenant-representativesIdentify, interview, review proposals for, negotiate contracts with, select and manage any residential, retail or office marketing company that will be responsible for marketing the projectWork with marketing company to ensure 95% lease-up by date included in lease-up scheduleA' PermittingCoordinate permitting needed for project with municipalitiesIdentify any third-party reviewers that can expedite review process, review proposals from firms, select firm and oversee their work.ConstructionCoordinate with Banneker's General Contractor Division (or 3rd party general contractor if applicable) to develop scope of work and construction budget.Monitor construction to ensure quality construction and compliance with plans, specs and budgetNegotiate contract with General ContractorReview and present to development team all change orders and track budget adjustments.Conduct weekly construction meetings, oversee construction progress, and prepare punch lists.Punch units upon completion and follow through to ensure punch work is completed.Coordinate tenant leasehold improvements (if retail or office component)Manage project close out documentation to satisfy investor, lender and management requirementsA' Qualifications:BS in Finance, Engineering, Construction Management or related fieldMBA (with real estate focus) or Masters in Real Estate or Masters in City Planning preferred by not required. 5 years' experience in multi-family or mixed-use real estate transactions.Experience with Low Income Housing Tax Credits (4% and 9%) is preferred.Experience with the following sources of financing is a plus but not required:A' tax exempt bond financing, New Market Tax Credits, Historic Tax Credits, Federal Home Loan AHP grants, PACE financing, and other gap financing.Advanced proficiency with MS Excel and ability to create pro forma financial modelsExceptional written and verbal communication skillsDemonstrated technical expertise to analyze and negotiate financial and operation details of real estate developments with developers, contractors, lenders, investors and government officialsArticulation and interpersonal skills necessary to structure presentations to governmental, corporate, or banking personnel and to inspire their confidence in working with BannekerStrong understanding of real estate development processesWillingness to work flexible hours and in a collaborative, team-based environmentA'