ULC is Hiring a Director of Real Estate
Are you a real estate professional with a passion for mission-minded community development? Join the ULC team!
The Director of Real Estate is primarily responsible for site identification, contract negotiations and partner development for departmental real estate activities and shall ensure that all real estate transactions are completed in alignment with ULC organizational goals and Investment/Site Selection Criteria. He/She evaluates feasibility of projects and identifies resources to complete transactions, including potential development operations and/or future disposition strategies.
RESPONSIBILITIES:
General:
- Maintain awareness of general real estate industry issues with specific emphasis on activities in ULC focus areas
- Maintain awareness of community issues that impact ULC work, i.e., transit-oriented development, affordable housing, workforce development, social enterprises, government funding programs, etc.
- Establish, maintain and nurture effective relationships with brokers, development partners, lenders, foundations, nonprofit partners, and representatives of local, state and federal government agencies, and other community constituents, as appropriate
- Represent ULC at community meetings and events around affordable housing, community development, neighborhood planning, and other relevant real estate/community topics
- Serve as liaison with members of ULC collaborative partnerships to coordinate activities around common issues affecting the work of all partners, as assigned
- Conduct tours for potential investors interested in ULC community development efforts
- Participate in strategic planning discussions, as relevant
Site Acquisition:
- Conduct initial investigative research to identify potential investment and development opportunities based on ULC Investment/Selection Criteria
- Create preliminary financial models to determine initial project feasibility; manage project budgets
- Oversee due diligence research and analysis investigation to confirm project feasibility; identify and communicate issues that pose material risk/liability; recommend solutions for issues that jeopardize ULC in any way
- Conduct contract negotiations and ensure contract terms and deadlines are adhered to during due diligence; manage project schedules
- Prepare and submit financing packages to lenders and grant providers; ensure appropriate loan/grant agreements are in place maximizing protections for ULC
- Ensure that all Project Overview reports and Resolutions are prepared to provide committee and Board communications and secure appropriate approvals
Project Management:
- Manage third party contractors, vendors to ensure project goals are achieved
- Participate in project planning and design activities ; ensure alignment with organizational project goals
- Oversee architect and contractor activities; ensure project goals are achieved per approved construction documents/specifications and within budget and schedules ((as required)
- Monitor construction activity; manage change orders, process payments to contractors; confirm receipt of lien releases; prepare written progress reports
- Complete project close-out and ensure that project files include all relevant project information; ensure creation of project summary binder
- Ensure all project files are properly documented with critical key information communicated to appropriate departments, i.e., Accounting, Asset Management, etc.
- Coordinate with other ULC departments on project kickoff, due diligence efforts, closing, property transition and compliance, as required
Administration:
- Manage and supervise junior real estate staff
- Assist and support other ULC teams, as assigned/as required
- Participate in ULC sponsored activities, which on occasion occur after hours
- Adhere to all company policies
- Participate in staff meetings, departmental meetings; contribute ideas as appropriate
- Offer recommendations to improve departmental procedures, as appropriate
CANDIDATE QUALIFICATIONS:
- Bachelor’s degree in real estate, finance, business, urban planning, architecture, or related field preferred
- Must have at least five years’ experience in a leadership role in real estate, finance, community development, affordable housing or economic development
- Must demonstrate a passion for community development, real estate, economic development and ULC’s mission
- Nonprofit experience preferred
- Strong working understanding of real estate fundamentals, including contract negotiations, due diligence, financing/lending practices, financial pro forma modeling; working knowledge of spreadsheet applications, e.g., Excel
- Working knowledge of real estate development processes and construction practices
- General understanding of finance, including affordable housing financing models, e.g., 9% LIHTC, 4% PAB, FLHB AHP, Tax Exempt Bonds
- Proven ability to plan and manage several complex real transactions simultaneously; oversight of development partner activity
- Proven ability to work in a fast paced multi-task environment managing a variety of relationships
- Experience or working knowledge of Project Management software and Yardi accounting software helpful
- Demonstrated ability to work effectively with a variety of organizations, government, constituent groups, and private sector businesses
- Exceptional oral, written, and analytical communication skills with demonstrated ability to develop consensus among project team members and ULC staff
- Broker experience with active license helpful (but not required)
- Ability to work independently and supervise junior associates
- Willingness to attend community meetings/events which on occasion may occur after regular office hours
REQUIREMENTS:
- Must pass an acceptable reference check
- Must pass a satisfactory criminal background check
- Must be reliable, punctual, and demonstrate a good work ethic
- Must have a valid driver’s license and reliable transportation
- Must be able to remain in a stationary position for up 50% of scheduled work hours
- Must be able to operate standard office equipment, copy machine, computer, printer
- Must be able to analyze and interpret complex contracts and construction documents and exchange accurate information about various aspects of real estate development and/or construction
- May be exposed to various weather conditions and uneven walking surfaces (including ascending and descending stairs) during the course of site visits and project activity
- May be required to facilitate meeting discussions which requires voice projection under various environmental conditions (e.g. construction trailers, construction sites, large meeting rooms)
- Minimum work hours per week: 37.5 hrs
COMPENSATION:
- Salary is competitive and commensurate with experience
- Benefits include 403(b) savings and investment plan; annual leave (vacation) and sick time; eleven paid holidays, paid life insurance, AD&D and LTD insurance; STD insurance; health insurance, health care spending account, dependent care spending account
Equal Employment Employer:
- ULC does not discriminate on the basis of race, color, religion (creed), gender, gender expression, age, national origin (ancestry), disability, marital status, sexual orientation, or military status, in any of its activities or operations. These activities include, but are not limited to, hiring and firing of staff, selection of volunteers, selection of vendors, and provision of services
- Nothing in this job description restricts management’s right to assign or reassign duties and responsibilities to this job at any time
- This job description is subject to change at any time
Interested individuals should provide the following as a combined PDF
- Resume
- Cover letter
- Three references
- Salary history
Send Materials To:
Subject line: Real Estate Director
** NO PHONE CALLS
** NO IN PERSON SOLICITATIONS
Application Deadline: August 12, 2015