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Director of Development
Location:
Tampa, FL
Description:
Elmington Capital Group is a private commercial real estate investment and development firm headquartered in Nashville, Tennessee. The location for this position is flexible for the Florida region. Elmington Capital's core competency is multifamily development and is one of the nation's largest developers, owners, and managers of affordable/workforce housing. Elmington deploys $150+ million in equity annually utilizing a broad array of financing strategies including tax credits, tax-exempt bonds, local grants, HUD programs, and conventional debt/equity. Elmington's development strategies include attainable/workforce and affordable (rent restricted) housing, public-private partnerships, mixed-use, and mixed-income development. RESPONSIBILITIES The Director of Development is responsible for leading a deal team on executing all functions of development for affordable housing and multifamily projects with a focus on financial analysis, due diligence, policy research, site selection, entitlements, and overall management of the development process from inception to groundbreaking. Perform complex financial analysis using Microsoft Excel. Manage equity and debt relationships - interfacing with external partners daily. Lead all Closing processes including equity, construction loan, and perm financing agreement negotiations and equity/debt due diligence closing checklists completion. Lead the preparation of applications for various funding sources including tax credits, tax-exempt bonds, project-based vouchers, CDBG funds, PILOTs/tax exemptions, local soft money programs, and RFPs. Research affordable housing policy and traditional multifamily dynamics in target markets. Track local supply/demand, comparable properties, competitive landscape, market rents, and other local dynamics. Source land opportunities and negotiate Purchase and Sale Agreements with brokers/owners. Lead all rezoning efforts to obtain necessary entitlements. Direct the internal project team and outside consultants including architect, engineer, environmental, and political to complete due diligence, design, and permitting. Research, create and implement new financing strategies. Develop and maintain strategic relationships with elected officials, brokers, other developers, property owners, city staff, and other key stakeholders. KNOWLEDGE/SKILLS/ABILITIES Interest in real estate investing and development Organizational skills Communication proficiency Real estate investment modeling QUALIFICATIONS 5+ years real estate finance experience Bachelor's degree required, Master's degree preferred The company will recruit, hire, train, promote, and compensate its employees based upon factors such as work quality, behavior, training, and experience. In compliance with local, state, and federal laws, we provide equal employment opportunity regardless of race, color, creed, national origin, protected age category, gender, sexual orientation, religion, marital status, military status, or physical or mental disability of any individual who is otherwise qualified.
Company:
Elmington
Posted:
December 26 2023 on ApplicantPool
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More About this Listing: Director of Development
Director of Development is a Sales Director Of Development Job at Elmington located in Tampa FL. Find other listings like Director of Development by searching Oodle for Sales Director Of Development Jobs.
Director of Development is a Sales Director Of Development Job at Elmington located in Tampa FL. Find other listings like Director of Development by searching Oodle for Sales Director Of Development Jobs.