Director of Real Estate

Job Description

Job Description

Job Summary

The Director of Real Estate will assist in implementing the strategic planning, coordination, and execution of real estate projects at Plymouth Housing. This role involves supervising a team of four to five Real Estate Developers and providing technical assistance and leadership for all current real estate development projects, identifying, and acquiring properties, and maintaining a development project pipeline that aligns with Plymouth Housing’s Strategic Plan. The Real Estate Director collaborates with various stakeholders, including community members, donors, architects, contractors, funders and local authorities, to ensure successful project planning and implementation. Additionally, the Real Estate Director will handle the department operating budget, and work with the Vice President of Real Estate to explore housing models, policy development and assist in managing regulatory compliance, and risk management to deliver successful real estate projects. The Director of Real Estate will act as a leader for the Real Estate Department internally within Plymouth Housing and among external stakeholders.

Essential Job Functions

• Strategic Planning : Assist Vice President of Real Estate with implementing strategic plan for real estate development projects.
• Project Management : Lead and oversee the department’s real estate development portfolio, including site selection, due diligence, entitlements, design, construction, and project delivery.
• Feasibilities Studies : Financial and Site Analysis : Work with Architects to perform evaluation of potential sites, conduct site and financial feasibility studies, analyze project budgets, and identify potential funding sources, including grants, tax credits, and public / private partnerships.
• Affordable Housing Expertise : Demonstrate a deep understanding of affordable housing programs, policies, and regulations, such as Low-Income Housing Tax Credits (LIHTC), Housing Trust Fund, Federal Home Loan Bank and other capital and subsidy programs.
• Community Engagement : Work closely with community stakeholders, local government officials, and other stakeholders to ensure projects meet the needs and expectations of the community.
• Team Leadership : Supervise and mentor a team of real estate development professionals, providing guidance, support, and fostering a collaborative work environment.
• Project Risk Management : Identify potential risks and develop mitigation strategies to ensure project success and compliance with applicable laws and regulations.
• Compliance and Reporting : Ensure compliance with all regulatory requirements, funding source guidelines, and any reporting obligations.
• Market Research : Conduct market analysis to identify emerging trends, demand for affordable housing, and potential development opportunities.
• Relationship building : Cultivate and maintain relationships with lenders, investors, architects, contractors, and other industry professionals to foster partnerships and leverage resources for future projects.
• Budget and Financial Forecasting : Prepare and oversee annual department budget, financial forecasting, resource allocation for projects, maintain and update developer revenue and equity installment delivery dates.
• Monitor and report on project progress to Vice President of Real Estate, assist in identifying Real Estate Department KPI metrics and reporting.
• Manage special projects and / or participate in committees as requested by the Vice President of Real Estate
• Identify and monitor funding opportunities and provide high level oversight of funding application deadlines for all projects within the Real Estate Department to ensure applications are submitted on time.
• Evaluate database tools and identify process improvement opportunities.

Experience, Skills, and Knowledge

Essential Job Qualifications

Education :

A degree in a related field, from an accredited, four-year college or university. If the degree is in an unrelated field, additional relevant work experience beyond the minimum may be substituted. Any equivalent combination of knowledge, abilities, education and experience may be substituted.

Preferred Qualifications :

Experience managing and completing Permanent Supportive Housing development projects.