Claretian Associates
Chief Real Estate Officer
Claretian Associates, Chicago, Illinois, United States, 60290
Job Title:
Chief Real Estate Officer
Reports to:
Chief Executive Officer
Department:
Development
Classification:
Non-exempt, Salaried, Full-timeDate:
October 2024
ORGANIZATION SUMMARYClaretian Associates builds community within the culturally diverse neighborhood of South Chicago by working with community leaders, residents, and organizations to provide affordable housing and related services for low-and-moderate income people, builds resident-based leadership, and serves as a catalyst in creating innovative solutions to improve the quality of life. Since 1991, Claretian Associates have built a network of relationships and activities that have affirmed our faith in the future of South Chicago. Continuing our housing programs and wrap-around services in a targeted 12-block area, we have created a total of 137 affordable homes and apartments, and we work with other neighborhood stakeholders to undertake community development projects and services that continue to enrich the lives of the Southeast Chicago area.
Claretian Associates currently has a varied pipeline of real estate projects and programs in varying stages of development. These include the rehab and recapitalization of an existing rental property, development of a new construction rental property with ground floor commercial, development of homeownership opportunities, and predevelopment on a vacant property for a mixed-use development.
POSITION SUMMARYThe Chief Real Estate Officer, reporting to the Chief Executive Officer, is a critical leadership role that is responsible for advancing the current real estate pipeline, identifying future development opportunities, and ensuring the ongoing viability of Claretian Associates’ existing property portfolio. The position will participate in and lead neighborhood planning activities and the creation of strategic initiatives that contribute to making South Chicago a community of choice where residents can thrive. Working closely with the CEO, this position is responsible for developing strategies and managing the entire development process including feasibility analysis, acquisition, deal structuring, design development, financing, public approvals, construction, and close-out. This position will also be responsible for management of the current portfolio.
MAJOR RESPONSIBILITIES
Project manage, or supervise all real estate development operations, including preparation of project pro forma, assembling financing for acquisition, predevelopment, construction, and permanent financing.
Close on acquisition of properties; securing entitlements and planning approvals.
Build community support and work with various internal and external stakeholder groups.
Supervise architects, consultants, contractors, and other development team members.
Monitor predevelopment, construction and lease-up and/or sale processes.
Communicate regularly with all lenders and tax credit investors, including the Chicago Department of Housing, other City departments, and the Illinois Housing Development Authority.
Direct oversight of property management firm to ensure properties meet property standards, tenant expectations and financial goals.
Supervise project manager staff, provide oversight and guidance on the activities listed above.
Assist CEO in identifying acquisition opportunities, including analyses of financing options, programming options, and overall project feasibility.
Oversee the negotiation of major agreements and financing documents, including limited partnership agreements, loan documents, construction and architectural contracts, and property management agreements.
Work closely with property management staff during the predevelopment phase and oversee elements of property operations upon occupancy to ensure regulatory requirements are being met and the assets are well maintained.
Work closely with Claretian Associates’ services team (as appropriate), to create supportive services plans define target population and unit mix and incorporate design recommendations.
Maintain a working knowledge of significant development, market, and policy trends impacting the creation of affordable and supportive housing, as well as economic development opportunities in South Chicago.
Work with the CEO to create policies and procedures that promote high quality housing and other real estate products.
Other tasks as assigned.
PERFORMANCE MEASURES
Advance current portfolio.
Demonstrated knowledge of financing.
Demonstrated negotiation skills to improve portfolio.
Develop policies and procedures to promote high quality housing.
Deliver projects according to timeline and budget.
QUALIFICATIONS
Bachelor’s degree in related field, plus a minimum of eight years’ experience in housing development, commercial real estate, finance, urban planning or a related field, preferably for a non-profit or government agency.
Technically proficient in all aspects of affordable housing real estate development, including finance, entitlement and design, construction, lease-up and operations. Finance experience should include the use of Low-Income Housing Tax Credits.
Demonstrated ability to analyze complex data and make informed recommendations.
Experience working with the Chicago Department of Housing, Chicago Department of Planning and Development, and the Illinois Housing Development Authority.
Project management experience and expertise, including a proven track record in creating housing and/or economic development projects in low income, majority BIPOC communities.
Must be proficient in sophisticated real estate finance analysis using Excel, project management software and word processing software.
A minimum of three years' experience supervising staff.
Must possess excellent interpersonal skills, team building capabilities, and collaborative spirit.
Must be a multi-tasker, resilient, and a self-starter with strong time-management skills.
Excellent writing and oral presentation skills.
Must be willing to work flexible hours, including some evenings and weekends.
COMPENSATION
Annual salary up to $105,000, commensurate with experience.
Focus on work/life balance; medical, dental, vision, generous time off policy, fitness center membership and other benefits.
Interested candidates should submit resume and cover letter to Human Resources at careers@claretianassociates.org. Please indicate job title in the subject line.
Job Type:
Full-time
Pay:
$95,000.00 - $105,000.00 per year
Benefits:
401(k) matching
Dental insurance
Flexible schedule
Health insurance
Life insurance
Paid time off
Tuition reimbursement
Vision insurance
Schedule:
Monday to Friday
Education:
Bachelor's (Required)
Experience:
Housing development: 8 years (Required)
Ability to Commute:
Chicago, IL 60617 (Preferred)
Work Location:
In person
#J-18808-Ljbffr
Chief Real Estate Officer
Reports to:
Chief Executive Officer
Department:
Development
Classification:
Non-exempt, Salaried, Full-timeDate:
October 2024
ORGANIZATION SUMMARYClaretian Associates builds community within the culturally diverse neighborhood of South Chicago by working with community leaders, residents, and organizations to provide affordable housing and related services for low-and-moderate income people, builds resident-based leadership, and serves as a catalyst in creating innovative solutions to improve the quality of life. Since 1991, Claretian Associates have built a network of relationships and activities that have affirmed our faith in the future of South Chicago. Continuing our housing programs and wrap-around services in a targeted 12-block area, we have created a total of 137 affordable homes and apartments, and we work with other neighborhood stakeholders to undertake community development projects and services that continue to enrich the lives of the Southeast Chicago area.
Claretian Associates currently has a varied pipeline of real estate projects and programs in varying stages of development. These include the rehab and recapitalization of an existing rental property, development of a new construction rental property with ground floor commercial, development of homeownership opportunities, and predevelopment on a vacant property for a mixed-use development.
POSITION SUMMARYThe Chief Real Estate Officer, reporting to the Chief Executive Officer, is a critical leadership role that is responsible for advancing the current real estate pipeline, identifying future development opportunities, and ensuring the ongoing viability of Claretian Associates’ existing property portfolio. The position will participate in and lead neighborhood planning activities and the creation of strategic initiatives that contribute to making South Chicago a community of choice where residents can thrive. Working closely with the CEO, this position is responsible for developing strategies and managing the entire development process including feasibility analysis, acquisition, deal structuring, design development, financing, public approvals, construction, and close-out. This position will also be responsible for management of the current portfolio.
MAJOR RESPONSIBILITIES
Project manage, or supervise all real estate development operations, including preparation of project pro forma, assembling financing for acquisition, predevelopment, construction, and permanent financing.
Close on acquisition of properties; securing entitlements and planning approvals.
Build community support and work with various internal and external stakeholder groups.
Supervise architects, consultants, contractors, and other development team members.
Monitor predevelopment, construction and lease-up and/or sale processes.
Communicate regularly with all lenders and tax credit investors, including the Chicago Department of Housing, other City departments, and the Illinois Housing Development Authority.
Direct oversight of property management firm to ensure properties meet property standards, tenant expectations and financial goals.
Supervise project manager staff, provide oversight and guidance on the activities listed above.
Assist CEO in identifying acquisition opportunities, including analyses of financing options, programming options, and overall project feasibility.
Oversee the negotiation of major agreements and financing documents, including limited partnership agreements, loan documents, construction and architectural contracts, and property management agreements.
Work closely with property management staff during the predevelopment phase and oversee elements of property operations upon occupancy to ensure regulatory requirements are being met and the assets are well maintained.
Work closely with Claretian Associates’ services team (as appropriate), to create supportive services plans define target population and unit mix and incorporate design recommendations.
Maintain a working knowledge of significant development, market, and policy trends impacting the creation of affordable and supportive housing, as well as economic development opportunities in South Chicago.
Work with the CEO to create policies and procedures that promote high quality housing and other real estate products.
Other tasks as assigned.
PERFORMANCE MEASURES
Advance current portfolio.
Demonstrated knowledge of financing.
Demonstrated negotiation skills to improve portfolio.
Develop policies and procedures to promote high quality housing.
Deliver projects according to timeline and budget.
QUALIFICATIONS
Bachelor’s degree in related field, plus a minimum of eight years’ experience in housing development, commercial real estate, finance, urban planning or a related field, preferably for a non-profit or government agency.
Technically proficient in all aspects of affordable housing real estate development, including finance, entitlement and design, construction, lease-up and operations. Finance experience should include the use of Low-Income Housing Tax Credits.
Demonstrated ability to analyze complex data and make informed recommendations.
Experience working with the Chicago Department of Housing, Chicago Department of Planning and Development, and the Illinois Housing Development Authority.
Project management experience and expertise, including a proven track record in creating housing and/or economic development projects in low income, majority BIPOC communities.
Must be proficient in sophisticated real estate finance analysis using Excel, project management software and word processing software.
A minimum of three years' experience supervising staff.
Must possess excellent interpersonal skills, team building capabilities, and collaborative spirit.
Must be a multi-tasker, resilient, and a self-starter with strong time-management skills.
Excellent writing and oral presentation skills.
Must be willing to work flexible hours, including some evenings and weekends.
COMPENSATION
Annual salary up to $105,000, commensurate with experience.
Focus on work/life balance; medical, dental, vision, generous time off policy, fitness center membership and other benefits.
Interested candidates should submit resume and cover letter to Human Resources at careers@claretianassociates.org. Please indicate job title in the subject line.
Job Type:
Full-time
Pay:
$95,000.00 - $105,000.00 per year
Benefits:
401(k) matching
Dental insurance
Flexible schedule
Health insurance
Life insurance
Paid time off
Tuition reimbursement
Vision insurance
Schedule:
Monday to Friday
Education:
Bachelor's (Required)
Experience:
Housing development: 8 years (Required)
Ability to Commute:
Chicago, IL 60617 (Preferred)
Work Location:
In person
#J-18808-Ljbffr