Manhattan, NY
Salary Estimate: $125,000.00 - $149,999.00
Employment Type: Full Time
Work Place: Hybrid
Experience Required: 2+ to 5 years
Education Required: 4 Year College
Benefits
Job Description
L+M Development Partners an established real estate development company with a focus in affordable housing has an exceptional opportunity for an experienced Project Manager to plan, underwrite, and execute complex residential/mixed-use development projects amid an informal yet intense entrepreneurial environment.
At L+M Development Partners, working together to build stronger communities is our mission. Our double bottom line philosophy means that we measure success not only in financial returns but also by the positive impacts we make in the communities we serve.
Founded in 1984, L+M is a full-service real estate development firm that develops, invests, constructs, and manages properties with industry-leading innovation in a variety of urban markets nationwide, primarily in the New York Tristate Area. Recognized as one of the top affordable housing developers in the country, L+M and its affiliate companies are responsible for approximately $20 billion in development and investment, and combined have over 57,000 high-quality residential units in construction or that have been acquired, preserved, or completed.
Please visit our website for more information: http://lmdevpartners.com. To learn more about our mission and values, go to https://lmdevpartners.com/mission-and-values/
Duties and Responsibilities:
- Lead one or two projects in different phases under the supervision of a senior development team member .
- Assemble and manage a multidisciplinary development team (internal and external) from inception to stabilization.
- Review zoning studies and other due diligence to evaluate project feasibility.
- Respond to city and state RFPs for development sites.
- Strategize and obtain entitlements (e.g. manage ULURP, meet with government and community stakeholders, etc.)
- Participate in design, predevelopment activities, and all requisite due diligence required to close on construction financing and commence construction
- Assist in the negotiation ofcomplex project documents with partners, lenders, government entities.
- Maintain in-depth focus on project feasibility, budget, and schedule.
- Complete applications and documentation necessary for debt and equity financing, and government subsidy requests.
- Support the development and manage project proformas, including predevelopment budgets, underwriting assumptions, and track project expenses.
- Initiate the marketing process and oversee the lease up and stabilization of new buildings
- Convert projects to permanent financing upon completion.
Preferred Background and Skills:
- At least two years of real estate development experience, specifically with affordable housing preservation or new construction in the New York metro area.
- Self-motivated and proactive with an established track record of getting things done effectively and independently. Capacity to create/sustain project momentum over months and years.
- A team player, able to work in an entrepreneurial environment and balance multiple priorities and deadlines.
- Very strong financial modeling and quantitative skills (expertise in Excel is required).
- Excellent interpersonal and communication skills (oral & written).
- Strong organizational skills and attention to detail.
- Strong working knowledge of New York neighborhoods.
- Experience with City and State-sponsored housing programs (e.g. ELLA, Mix and Match, SHOP)
Education:
- Master’s Degree in Business, Urban Planning, Real Estate, Finance, Architecture, Engineering or other relevant field. Will consider bachelors degree with experience.
L+M offers competitive compensation and benefits and tremendous potential with a growing residential real estate developer/builder organization.
L+M is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status.
Disclaimer: Nothing in this job description restricts management’s right to assign or reassign duties and responsibilities to this job at any time.
L+M is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status.
Disclaimer: Nothing in this job description restricts management’s right to assign or reassign duties and responsibilities to this job at any time.
L+M Development Partners
• 100-1500 employees
At L+M Development Partners, working together to build stronger communities is our mission. Our double bottom line philosophy means that we measure success not only in financial returns but also by the positive impacts we make in the communities we serve.
Founded in 1984, L+M is a full-service real estate development firm that develops, invests, constructs, and manages properties with industry-leading innovation in a variety of urban markets nationwide, primarily in the New York Tristate Area. Recognized as one of the top affordable housing developers in the country, L+M and its affiliate companies are responsible for approximately $20 billion in development and investment, and combined have over 57,000 high-quality residential units in construction or that have been acquired, preserved, or completed.
Founded in 1984, L+M is a full-service real estate development firm that develops, invests, constructs, and manages properties with industry-leading innovation in a variety of urban markets nationwide, primarily in the New York Tristate Area. Recognized as one of the top affordable housing developers in the country, L+M and its affiliate companies are responsible for approximately $20 billion in development and investment, and combined have over 57,000 high-quality residential units in construction or that have been acquired, preserved, or completed.
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