Job Information
Sherman Associates, Inc. Real Estate Developer in Minneapolis, Minnesota
Job Descriptions:
Be a part of something great and find yourself At Home, At Sherman! We invite you to join our mission of building communities, enriching neighborhoods as a Real Estate Developer!
The Developer is responsible for driving real estate development projects from beginning to end, working in collaboration with Legal, Accounting, Construction and Asset Management. We are seeking someone with a strong financial (deal structuring, underwriting) experience who can be analytical, detail oriented, have strong communication and organizational skills and able to work in a fast-paced, deadline driven environment. Prior experience in low-income housing tax credit and re-syndication preferred.
Essential Functions
Determine funding requirements for the viability and sustainability of multi-family, mixed-use, commercial projects, and hotel projects.
Manage pre-development activities including acquisition, environmental review, project concept development, budgeting, cost analysis and financing of multi-family, mixed-use, commercial projects, and hotel projects.
Complete project proformas using a mix of funding sources, including but not limited to, Federal and State Low Income Housing Tax Credits, Federal and State Historic Tax Credits and New Market Tax Credits, Tax Increment Financing, Tax Abatement, and Conventional Financing.
Prepare predevelopment budgets, operating budgets cash flow and reserve analysis.
Prepare overall project timelines and schedules.
Manage project cash flows, construction draws and budgets during pre-development and construction.
Develop and maintain relationships with private lending institutions, state, federal and local officials, and private equity investors.
Develop and maintain relationships with architects, general contractors and industry vendors.
Work closely with and in person for projects primarily based in the Minneapolis/Saint Paul metro area
Other duties and responsibilities as assigned.
Required Experience:
Minimum Requirements
Knowledge of available project funding sources including but not limited to, Federal and State Low Income Housing Tax Credits, Federal and State Historic Tax Credits, New Market Tax Credits, Tax Increment Financing, Tax Abatement, and Conventional Financing.
Knowledge of real estate transaction process; including land/building acquisition and closing of debt and equity
Experience with re-syndication preferred
Financial Modeling Skills - able to use a variety of tools, techniques and approaches.
Leadership skills - able to take ownership of a project and manage it from predevelopment to construction completion; able to manage different parties and wide variety of moving parts and processes.
Highly organized and able to multi-task and prioritize.
Ability to:
Effectively communicate both verbally and in written form clearly and professionally.
Work with numerous staff and departments, both internally and externally.
Collect, interpret and utilize data effectively
Work with design and construction professionals
Understand and utilize a variety of funding mechanisms
Manage multiple projects effectively
Prepare and present project proposals to government entities, investors, and related groups.
Work independently with minimal supervision.
A passion for the mission, vision, and values of Sherman Associates.
Office hours may vary due to the specific needs of the company.
Keyword: Developer, Multifamily, Commercial, Real Estate
From: Sherman Associates