Development Project Manager

Founded in 2004, PIRHL is a full-service, developer, general contractor and owner of affordable and workforce housing. PIRHL’s approach leverages deep expertise in acquisitions and asset management, development and construction with strategic financial and local partnerships. To date, PIRHL has developed 65+ properties, 6500 units of real estate (including both new and renovation), serving the Midwest, Mid-Atlantic, Northeast and Southeast regions of the U.S.

PIRHL’s Mission: We bend the forces of the universe to create transformational, affordable and sustainable communities that help stabilize the lives of our residents.

Position Overview:

**Potential to work remotely.**

The Development Project Manager (DPM) quarterbacks select real estate projects through the critical path to closing by managing the review of due diligence and financial underwriting, the land entitlement process, design-development and financial closing. Projects will involve both the new construction of multifamily and senior developments, as well as the acquisition and substantial rehabilitation of existing large-scale apartment buildings.

The DPM will provide oversight during construction and lease-up and have responsibility for the project through stabilization and its conversion to permanent financing. A DPM has a proven track record of successfully leading and closing out critical paths for at least three residential multifamily real estate transactions financed with Low Income Housing Tax Credits. A DPM is a strong leader and successfully coordinates with team members from construction, finance and accounting and asset management. A DPM has fluency in the major technical disciplines underpinning the critical path of a project from award through financial closing, and close out after construction is completed.

The DPM sits in the second chair of a “3 Chair” team structure which includes the Vice President of Development (VPD) in first chair and Development Coordinator (DC) in third chair. This structure is designed to ensure both the execution of the regional sales strategies as well as the management of project critical paths through the stabilization and permanent conversation of the real estate asset.

The DPM manages each project through the lens of the project proforma, with a strong understanding of the various budgets and key financial levers that affect each transaction. The DPM works in a constant state of urgency and has the communication skills necessary to manage multiple internal and external stakeholders to positively affect their respective contributions to the critical path.

Core Responsibilities:

• Support the Vice President of Development (VPD) in the review and due diligence of new real estate development opportunities, as requested.
• Experience in managing the new construction and /or rehabilitation of multifamily residential development projects from financial award through stabilized occupancy; lead and manage PIRHL’s team of professionals and partners, municipalities, client, contractor, civil engineer, architect, technical consultants, partnership attorney, lender, investor and others to stated timeline
• Negotiate contracts with third party professionals associated with the project.
• Proactively manage project budgets, critical path timelines, schedules and milestones to stated goals.
• Coordinate PIRHL’s design development process with all construction, design and engineering partners, from schematics through permitting and construction sets.
• Manage the interior design process in accordance with regulatory commitments and partner needs; hire interior designer and oversee selection of finishes, furniture and equipment, artwork and accessories.
• Prepare, represent and present the project at each stage of PIRHL’s Investment Committee, according to prescribed and exacting standards and inputs.
• Make presentations to clients, municipal planning commissions, city councils, board of zoning appeals and others as necessary to further a project.
• Continually identify and pursue sources of gap financing for a project; work with PIRHL’s finance staff to underwrite a project and define a mutually agreed upon structure for debt, equity and soft funding sources; lead the project team to achieve financial closing on all sources of funding on a project.

Qualifications:

• Bachelor’s degree with a focus in real estate, finance, civil engineering, architecture, or related field preferred
• MBA or similar graduate experience is a plus
• 5+ years direct work experience in large-scale multifamily development
• Affordable housing development experience is a plus
• Demonstrated experience with driving a projects critical path with third party consultants through land entitlements, design development, and project financing
• Background with rehabilitation projects, relocation of tenants, and knowledge of HUD financing requirements preferred
• Experience managing real estate development through the proforma; intimate understanding of capital budget, operating budget, flow of funds
• Strong organizational and time management skills
• Excellent verbal, written, and presentation communication skills
• Must be able to thrive in a highly collaborative entrepreneurial environment
• Ability to travel periodically throughout the assigned region

To Apply:

Be prepared to submit your cover letter, resume, and three (3) professional references when you apply online.

We are not accepting third party submissions.

PIRHL is committed to equal employment opportunity.