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Jair Lynch Real Estate Partners

Development Manger

Salary
Competitive
Employment
Full Time
Real Estate Field
  • Corporate Real Estate
Location
WASHINGTON
Region
DC
Postal Code
20036-2239
Country
United States

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Description


DEVELOPMENT MANAGER
JL Real Estate Partners (“JL” or “Jair Lynch”) is a Washington, DC based urban regeneration company
that responsibly transforms urban markets into extraordinary neighborhoods. The company is involved
in real estate projects as an investor/developer as well as a real estate advisor/ development
manager to third party clients. Products include multifamily residential either for sale or rental,
commercial and retail mixed-use projects.

Primary Function
A Development Manager at JL is responsible for overall project execution on assigned projects and
ensuring JL consistently meets program, schedule and budget requirements. The Development Manager
will manage for compliance with the project business plan all aspects of the development process,
as well as managing the execution of certain tasks as determined by the project’s Vice President of
Development. Project execution will include due diligence, programming, design, entitlements,
construction, completion and opening, warranty, closeout, project positioning, marketing, sales
and/or leasing oversight.

Depending on project size, the Development Manager will typically work on two to three projects
simultaneously, reporting directly to a VP of Development.
Duties & Responsibilities
•    Work with the business development team to efficiently assume project leadership  upon
transition from finding opportunities (the Sourcing Phase) to securing said  opportunities (the
Pursuit Phase).
•    Manage, with support from the Investment Manager, the Pursuit Phase due diligence and
underwriting analysis as well  as  the  creation  of  a  project  business  plan  and  overall
investment rationale, for either an investor or third-party client.
•     As required, negotiate purchase agreements, tenant leases, construction contracts, loan
commitments, and equity relationships on behalf of the client..
•    Primary   responsibility   for   completing   the   negotiations   of   all   project  
contracts   and agreements,  including  with   general   contractor,   architect,   tenant  
leases,   easement agreements and others specific to the transaction, as well as management of 
third-party consultants – including attorneys and construction consultants.
•    Participate often in a leadership role in the execution of the project business plan,
including compliance with program, schedule and budget goals requirements.
•    Manage procurement of easements, entitlements, off-site agreements and permits.
•    Manage the selection, contracting and performance of the project team including, but not
limited to, architects and engineers, counsel, expediters, constructors, marketing and/or sales (if
applicable) teams.
•    Manage design and construction efforts.
•    Work  with  the  financing  team  on  closings  for  project-specific  debt,  equity,  and 
other financing transactions.
• Manage brand/marketing meetings during construction/delivery  period, including all necessary
lease up preparations, including coordination of tenant improvements (if applicable).
•    Coordinate, with the Asset Manager, selection of the leasing and/or management team and
management of weekly leasing meetings and tenant move-ins.
•    Prepare and lead presentations and/or tours for investors and lenders.
•    Manage  regular  periodic  project  operational  performance  reviews,  including  budget,
schedule and project business plan compliance.
•    Manage  regular  periodic project  positioning  reviews,  including  market  analysis, 
product review, and latest industry trends.
•    Manage preparation and presentation of periodic updates and regular reporting to the investor
or client with support from the assigned Investment Manager.
• Manage the Project Accountant in providing necessary  reports  on  project-level  budget versus
actual performance, as well as lender and investor draw submissions and other project-specific
accounting support.
Qualifications
•    Bachelor’s  degree  in  a  field  related  to   real  estate  development  (i.e., 
engineering, architecture, construction, finance, law or economics).
•    Minimum of 10 years of experience managing large-scale real estate development projects,
preferably with experience with institutional equity partners.
•    High degree of demonstrated organizational skills and problem-solving ability, specifically
the ability to access resources inside and outside of the company.
•    Respect for details and the ability to execute at a high level with significant independence.
•    Strong project management abilities, with experience managing internal and external team
members of various skill levels with disparate project responsibilities
•    Superior negotiating skills and a personable negotiator.
•    Desire to learn and grow professionally.
•    Strong computer skills in Microsoft Outlook, Word, Excel and Project.
•    LEED accreditation a plus.

Job Functions


  • Construction
  • Development
  • Project Management
 

Job Sectors


  • Residential
  • Hospitality / Entertainment
  • Healthcare
  • Office
  • Retail
 

Experience


7+ to 10 years


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