Director, Real Estate Development, People’s Emergency Center

Posted by on May 21, 2012

PEOPLE’S EMERGENCY CENTER
Nurturing Families, Strengthening Neighborhoods, Driving Change.
Director, Real Estate Development

Background
PEC was founded in 1972 to serve homeless families through a continuum of care that begins in emergency shelter housing, moves to transitional housing and culminates with permanent supportive housing. In support of this mission, PEC owns and manages a range of program-related assets.

Qualifications Bachelor’s Degree in Finance, Engineering or Construction with 8+ years of leadership experience in the real estate development/finance field. Master’s degree preferred. Experience with a wide variety of commercial development and affordable housing programs a strong plus. Knowledge of real estate development best practices related to mixed-use development, multifamily affordable housing, and innovative neighborhood planning and community revitalization techniques. Demonstrated success closing complex, multi-layered commercial real estate deals and bringing units to market. Experience with financing, grants, and resources for affordable housing and neighborhood revitalization, such as LIHTC, New Markets, CDBG, HOME, FHLB, historic tax credits, energy tax credits, etc. Demonstrated ability to create successful projects, completed on or ahead of schedule, on budget with maximum financial return, highest quality, and greatest community impact. Strong negotiating skills. Demonstrated understanding of real estate market dynamics. Ability to effectively communicate with and manage a development team of lawyers, accountants, architects, engineers and investors. Ability to develop feasibility analyses, create pro formas, monitor project budgets and timelines. Knowledge of zoning laws, codes and permitting regulations. Skilled at reviewing complex legal documents and identifying key business points. Able to manage multiple projects, often with overlapping deadlines. Strong oral and written communication skills. Able to work effectively with a wide variety of people, including neighbors, residents, board members, civic leaders, realtors, lenders, investors, staff and development partners to achieve organizational goals including excellent relationship-building skills and a customer-service orientation that leads to sustainable and mutually beneficial external partnerships. Flexible and independent with a commitment to high standards of excellence. Proficiency in computer software, including Word, Excel, Power Point and Outlook.
Reports to: Vice President, Real Estate and Economic Development

Responsibilities
The Director, Real Estate Development will serve as a Senior Real Estate Manager and lead all future development activities for the organization. This position will direct real estate development work for the organization and work with a talented team of project managers. Responsibilities include strategically driving the direction of the PEC’s development activities as well as providing day to day management of projects with regards to identification of properties, finance, construction and the selling or leasing of properties. This position requires exceptional drive and creativity along with a genuine commitment to the mission of revitalizing Lancaster Avenue and providing housing opportunities in the communities in which PEC works.

Property Acquisitions: Analyze potential properties to purchase, performs due diligence and rental market analysis, negotiate sale contracts and financing documents, and settles the acquisitions.

Respond to requests for proposals and solicitations for bids, prepare proposals and assemble the development team. Prepare and approve site feasibility analyses, financing structures and operating pro formas. Prepare project packages for commercial, intermediary and public financing, including grants. Negotiate terms and conditions related to property purchases, predevelopment, construction and permanent financing.

Project Management: Select professional consultants for the development team, negotiate the professional services contracts, and oversee the work of these consultants. Prepare development budgets and pro forma operating budgets and manage the project development budget throughout the development process. Responsible for securing debt and equity financing for each of the projects, for negotiating financing documents and closing the financing, and managing lender/investor relationships on each of the projects. Oversee the construction process, attend construction progress meetings and manage architect and general contractor relationships on each project. Prepare internal and external reports on each project. Attend and present at community meetings with tenants and other critical stakeholders.

Benefits Offered
People’s Emergency Center provides a generous benefits package, which includes group health insurance, vacation, personal and sick benefit time, flexible benefits plan, pension plan, disability and life insurance.

Salary
Commensurate with experience.

Contact:
For immediate consideration for this position, please e-mail your resume to tmccain@pec-cares.org or fax resume to T. McCain at 215-689-0116. EOE/M/F/D/V