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Fore Property Company

Development Director

Salary
Competitive
Employment
Full Time
Real Estate Field
  • Development
Location
Washington
Region
DC
Postal Code
20001
Country
United States

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Description


Fore Property Company is a full service, national real estate company that develops, builds and manages residential multifamily housing. We are currently seeking a Development Director to join our team in Washington, D.C.


The Development Director will report directly to the Vice President and support the Development Team with managing multiple phases of the real estate development process. Participate in all aspects of development including site selection, due diligence exploration, financial analysis, budgeting, contract negotiation, development consultant management, site acquisition, investment package creation, coordination of the permitting process, execution of the construction documents, and general contractor management. The Development Director should be prepared to actively support the Development Team on current and pipeline development deals in a substantial way that positively impact projects.


Responsibilities include:

  • Coordinate and participate in multifunctional teams to analyze existing market conditions, unit mix, property and unit amenities and features, rental rates and operational expenses at given properties.
  • Develop a matrix of key competitors including property locations, specific amenities and pricing in strategic markets and submarkets.
  • Participate in the preparation of pre-development budgets and schedules for proposed projects from the initial phases including land contract negotiation, entitlements and building permit approvals to the commencement of construction.
  • Research all relevant financial assumptions for underwriting including items such as all permitting fees, impact fees, taxes, etc.
  • Creation of financial models and due diligence efforts for JV partners and lenders
  • Assist the Development Team in preparing and presenting investment packages.
  • Participate in consultant meetings through pre-development and development stages. Participation shall include taking and issuing meeting minutes when appropriate.
  • Participate in meetings with municipalities, neighborhood groups, design teams, and public hearings throughout the entitlement process.
  • Assist in managing projects under construction to ensure adherence to development policies and procedures.
  • Analyze the construction draw process and the monthly project schedules to determine if projects are on schedule and within the approved budget.
  • Manage the transition of the product from construction to operations.

Requirements:

  • 5+ years’ experience in multifamily development strongly preferred
  • Work experience and knowledge of the Virginia, Maryland and Washington, DC area markets strongly preferred.
  • Bachelor’s degree in Business Administration, Finance, Real Estate, Architecture, Civil Engineering, or Building Construction Management preferred
  • Graduate degree in Business Administration, Finance or Real Estate stronglypreferred
  • Must be a self-starter, highly motivated, and goal-oriented
  • Excellent interpersonal, written, and verbal communication skills
  • Must be able to work in a team environment
  • Strong analytical and problem-solving skills
  • Effective organizational, prioritization, and time management skills
  • Flexible and able to handle multiple projects and tasks simultaneously
  • Accurate, detail oriented, dependable and punctual
  • Willingness and patience to iteratively improve/refine work product
  • Advanced MS Office Suite skills
  • Strong computer and internet skills
  • Knowledge of construction processes
  • Ability and willingness to travel to various locations in D.C. region as required

Fore Property Company is an Equal Opportunity Employer and offers an extremely competitive salary package which includes excellent base salary, 401(k) with company match, Medical/Dental/Vision, 2 weeks vacation, sick days, 10 paid holidays per year.


FPC is a drug free work place. All candidates must undergo a hair follicle drug test and background check including DMV and criminal records.

Job Functions


  • Acquisitions
  • Development
  • Project Management
 

Job Sectors


  • Residential
  • Retail
 

Experience


7+ to 10 years


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