Gilbane Development
Senior Development Director - Acquisition (Affordable & Mixed Income)
Gilbane Development, New York, New York, us, 10261
Senior Development Director - Acquisition (Affordable & Mixed Income)
Job Locations
US-NY-New York
Requisition ID
2024-9786
Category
Property Management
Overview
Gilbane Development Company is seeking an Development Director - Acquisitions to join our Affordable & Mixed-Income development team. As Acquisitions Director, you will play a pivotal role in Gilbane Development's value-add/opportunistic investment platform under the Affordable & Mixed-Income Division, specifically targeting the acquisition of existing affordable housing projects across the United States. You will leverage your analytical skills to shape decisions, lead cross-functional teams, and ensure the successful execution of projects from conception to completion. Responsibilities
Lead the sourcing, identification, acquisition and execution of affordable housing acquisition projects, managing proformas, schedules, and resources effectively
Support the Affordable & Mixed-Income Division in all aspects of affordable housing acquisition, rehabilitation, and development (Section 8, LIHTC, etc.) in core markets across the US Make substantial contributions to analysis that will inform the company's investment decisions Compile due diligence information, including financial, market, site, and regulatory data Analyze and compare complex partnership agreements and cash flow waterfalls Work collaboratively with the Senior Vice President to develop short- and long-term strategies to expand the affordable and mixed-income housing portfolio, as well as look for opportunities to reposition existing assets Completion of applications and documentation necessary for debt and equity financing, property purchase and sale, and government subsidy renewal Work with counsel to negotiate all real estate transaction related documents, including purchase and sale documents, loan documents, equity investment agreements, and operating agreements of all types Validation and defense of budgets, assumptions, and proforma analysis Build, coordinate and lead internal team members and external consultants through conceptual design and entitlements leading to construction documents Perform, coordinate and / or lead pre-development work such as preliminary architectural and engineering issues, zoning issues, local government, and community support Supervise and lead staff. Mentor and develop team members, fostering a culture of excellence, innovation, and accountability. Complete employee evaluations of assigned staff annually and interim evaluations as required Qualifications
BS or MS in Real Estate, Business, Finance, Marketing, Civil Engineering, Architecture, or related field 10+ years of experience in multifamily real estate development and/or acquisitions LIHTC and Section 8 development and acquisition experience highly preferred Strong quantitative, financial analysis and modeling (excel) skills Exceptional research and writing abilities Strong project management skills and follow-through Ability to multi-task and prioritize appropriately in a constantly changing environment with a sense of urgency and accountability Highly driven and values entrepreneurialism; works well within ambiguity Exceptional attention to detail Some travel required Salary to be determined by the education, experience, knowledge, skills, and abilities of the applicant, internal equity, and alignment with market data.
For New York, NY this ranges from $200,000.00 - $250,000.00 plus benefits and retirement program. Gilbane offers an excellent total compensation package which includes competitive health and welfare benefits and a generous profit-sharing/401k plan. We invest in our employees' education and have built Gilbane University into a top training organization in the construction industry. Qualified applicants who are offered a position must pass a pre-employment substance abuse test. Gilbane is an Affirmative Action/Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to age, color, national origin, race, religion, sex, sexual orientation, gender identity, protected veteran status, or disability status. Note to Recruiters, Placement Agencies, and Similar Organizations : Gilbane does not accept unsolicited resumes from agencies. Please do not forward unsolicited agency resumes to our jobs alias, website, or to any Gilbane employee. Gilbane will not pay fees to any third party agency or firm and will not be responsible for any agency fees associated with unsolicited resumes. Unsolicited resumes received will be considered property of Gilbane and will be processed accordingly. Need help finding the right job?
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Job Locations
US-NY-New York
Requisition ID
2024-9786
Category
Property Management
Overview
Gilbane Development Company is seeking an Development Director - Acquisitions to join our Affordable & Mixed-Income development team. As Acquisitions Director, you will play a pivotal role in Gilbane Development's value-add/opportunistic investment platform under the Affordable & Mixed-Income Division, specifically targeting the acquisition of existing affordable housing projects across the United States. You will leverage your analytical skills to shape decisions, lead cross-functional teams, and ensure the successful execution of projects from conception to completion. Responsibilities
Lead the sourcing, identification, acquisition and execution of affordable housing acquisition projects, managing proformas, schedules, and resources effectively
Support the Affordable & Mixed-Income Division in all aspects of affordable housing acquisition, rehabilitation, and development (Section 8, LIHTC, etc.) in core markets across the US Make substantial contributions to analysis that will inform the company's investment decisions Compile due diligence information, including financial, market, site, and regulatory data Analyze and compare complex partnership agreements and cash flow waterfalls Work collaboratively with the Senior Vice President to develop short- and long-term strategies to expand the affordable and mixed-income housing portfolio, as well as look for opportunities to reposition existing assets Completion of applications and documentation necessary for debt and equity financing, property purchase and sale, and government subsidy renewal Work with counsel to negotiate all real estate transaction related documents, including purchase and sale documents, loan documents, equity investment agreements, and operating agreements of all types Validation and defense of budgets, assumptions, and proforma analysis Build, coordinate and lead internal team members and external consultants through conceptual design and entitlements leading to construction documents Perform, coordinate and / or lead pre-development work such as preliminary architectural and engineering issues, zoning issues, local government, and community support Supervise and lead staff. Mentor and develop team members, fostering a culture of excellence, innovation, and accountability. Complete employee evaluations of assigned staff annually and interim evaluations as required Qualifications
BS or MS in Real Estate, Business, Finance, Marketing, Civil Engineering, Architecture, or related field 10+ years of experience in multifamily real estate development and/or acquisitions LIHTC and Section 8 development and acquisition experience highly preferred Strong quantitative, financial analysis and modeling (excel) skills Exceptional research and writing abilities Strong project management skills and follow-through Ability to multi-task and prioritize appropriately in a constantly changing environment with a sense of urgency and accountability Highly driven and values entrepreneurialism; works well within ambiguity Exceptional attention to detail Some travel required Salary to be determined by the education, experience, knowledge, skills, and abilities of the applicant, internal equity, and alignment with market data.
For New York, NY this ranges from $200,000.00 - $250,000.00 plus benefits and retirement program. Gilbane offers an excellent total compensation package which includes competitive health and welfare benefits and a generous profit-sharing/401k plan. We invest in our employees' education and have built Gilbane University into a top training organization in the construction industry. Qualified applicants who are offered a position must pass a pre-employment substance abuse test. Gilbane is an Affirmative Action/Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to age, color, national origin, race, religion, sex, sexual orientation, gender identity, protected veteran status, or disability status. Note to Recruiters, Placement Agencies, and Similar Organizations : Gilbane does not accept unsolicited resumes from agencies. Please do not forward unsolicited agency resumes to our jobs alias, website, or to any Gilbane employee. Gilbane will not pay fees to any third party agency or firm and will not be responsible for any agency fees associated with unsolicited resumes. Unsolicited resumes received will be considered property of Gilbane and will be processed accordingly. Need help finding the right job?
We can recommend jobs specifically for you! Click here to get started.