Director of Real Estate at the Memphis Medical District Collaborative

Summary
Seeking a dedicated senior level position to lead a growing real estate

portfolio including:

1. Develop real estate opportunities consistent with the mission of the

organization;

2. Support existing and new real estate projects in the district with

technical assistance, connections to capital, tenanting, and other

assistance; and

3. Support and develop real estate programs and incentives to further

the real estate development objectives of the District.

Experience and Education

• Previous work experience in real estate, community and economic

development required.

• Master’s in Real Estate, Planning, Urban Design, Business,

Architecture, or related field.

• 6 - 10 years related job experience

Salary Range

$90,000 - $110,000 commensurate with experience

Background

The Memphis Medical District Collaborative (MMDC) is seeking a senior level position to join our

team and manage and grow our real estate portfolio. MMDC seeks applicants who have an

understanding and history of developing, difficult, small to mid-sized real estate projects in existing

urban contexts.

Established in 2016, MMDC is a not-for-profit, community development organization committed to

strengthening the communities between and around the eight major anchor institutions in the

Memphis Medical District. The Memphis Medical District is home to eight medical and educational

anchor institutions and more than 10,000 residents. Together, the institutions have more than

30,000 employees and students, a collective operating budget of $3 Billion, are in the midst of

more than $3.5 Billion in planned or current capital expansions, and control more than 300 acres of

real estate. The institutions, along with local and national philanthropy, support the work of MMDC

to revitalize the Memphis Medical District, create a vibrant link between Downtown and Midtown

Memphis, and build community wealth.

MMDC Program Portfolios

MMDC’s approach is comprehensive and inclusive of residents, employees, students, and visitors to

the district. In addition to connecting the dots across the eight institutions, MMDC also focuses on

the following program portfolios:

1. Quality Public Spaces – Parks, Streetscapes, Plazas, and Connections.

2. Clean and Safe Streets – District Ambassador program; Coordination of safety efforts and

environmental improvements.

3. Programming and Marketing – Activation of spaces and telling the District’s story.

4. Community and Economic Development – Supporting and connecting the diverse

neighborhoods in the District through planning, growing and attracting small businesses as

well as supporting existing businesses.

5. Real Estate – Cultivating a rich environment for appropriate development with a focus on

creating mixed-use, mixed income places.

6. Anchor Programs – Leveraging institutional demand through - Live Local, Buy Local, and

Hire Local Strategies.

7. Transportation and Mobility – Helping employees, students, residents and visitors safely get

to and around the Memphis Medical District.

Director of Real Estate Responsibilities

The Director of Real Estate will support the President in managing and developing our planning

and real estate programs and projects in the Medical District. This portfolio currently includes: site

specific planning efforts; RFPs for new projects and development opportunities; district wide

commercial and residential planning and infill efforts; recruitment of development consistent with

residential and retail market studies; community engagement; and governmental outreach and

coordination around programs and policies related to real estate development. In addition, the

Director of Real Estate is expected to develop and implement the MMDC Real Estate Strategy, lead

the development of mixed-use, residential, and commercial new construction and re-development

projects and stand up development opportunities for other developers including identifying and

leading acquisition and pre-development activities consistent with the MMDC Real Estate Strategy.

Further, the Director of Real Estate will be expected to assist MMDC President and Vice President

with some organizational leadership responsibilities related to organizational finance, community

engagement and communications, and board relations.

Candidate Qualifications

The ideal candidate will be an urbanist with a deep understanding of cities and city building

strategies with an appreciation of the hyper connectivity of urban issues. They must understand and

be motivated by working in emerging real estate markets. They must be committed to the

regeneration of urban neighborhoods and to working closely with our network of medical and

educational anchor institutions, advisers, local businesses, residents, and community leaders.

The candidate must be an energetic, self-starter, who is well organized, pays attention to details,

understands real estate finance, and is capable of functioning in a very independent situation. The

candidate must be confident working in a fast-paced, start-up environment, and possess a desire to

grow within a dynamic and high-performing team.

Additionally, the candidate must have:

• Experience with real estate, community development, urban design, real estate financing,

and economic development programs;

• A deep understanding of urban planning and design principles and practices as well as

community development principles and procedures;

• A background with real estate services and transactions;

• Experience with GIS; data analytics; or design software is a plus.

• Knowledge of economic development finance, redevelopment, and emerging real estate

development trends is essential;

More, we are seeking a candidate with the following attributes:

• Has a positive, open, creative and flexible attitude;

• Is comfortable managing several different types of projects simultaneously;

• Collaborates and openly shares information with team and stakeholders;

• Analyzes data, national trends, and research; and

• Wants to grow with a group of people working to make Memphis a more vibrant place.

Minimum Qualifications

• A master’s degree in a related field with a minimum of three years’ professional experience

OR equivalent work experience.

• Excellent oral and written communication skills.

• Must be comfortable advocating for your positions and speaking in public.

• Strong organizational skills and commitment to meet deadlines.

• Passion for social, economic and/or civic issues.

• Experience with place-based initiatives (ie. CDC; medical district; innovation district;

neighborhood redevelopment).

Compensation

In anticipation of this position, MMDC is offering a highly competitive compensation package that

includes an anticipated salary range of $90,000 to $110,000 and generous insurance and 401(k)

benefits. Relocation support is available.

Submittal

In your cover letter, let us know why you are interested in this type of

work and specifically what your experiences have taught you about how design of the built

environment, real estate and community work together to make great places.

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