Real Estate Development Manager - Domain Cos Management LLC

Salary Range: $150K-$175K

Who we are:

The Domain Companies is a national real estate development and investment firm focused on making a positive and lasting social, economic, and physical impact on the communities in which we build. Domain is responsible for a diverse range of innovative projects including affordable, mixed-income and luxury apartments, condominiums, hospitality, retail, entertainment venues, and creative workspace.

Our success is a result of our community-focused approach, collective entrepreneurial spirit, and the unique skills and experience of our people. Our team stays at the forefront of our industry by striving for excellence and innovation in everything we do. The result is a dynamic environment that encourages creativity and offers the opportunity for growth and advancement.

What we’re looking for:

Domain is looking to hire a highly motivated, organized and detail-oriented Real Estate Development Manager in our New York office. This individual must be able to work both independently and with Domain team members across a variety of functions. The ideal candidate is a self-starter with excellent analytical skills, a commitment to excellence, and a passion for positively impacting communities and those that live and work there. We’re looking for someone to support our growth as we seek to create innovative mixed-use developments in New York City and around the country.

You are a creative thinker who is ready to provide analytical support for investment and asset management activities including market research, acquisitions, new development, asset monitoring and reporting. You are interested in helping identify and underwrite high-impact development opportunities. You’re looking to tackle complex and challenging projects and feel empowered to make strategic decisions. You’re excited to work for an entrepreneurial business that’s developing diverse and transformative projects throughout the country. You want a development position where you can learn, create, and grow along with the company.

We are highly entrepreneurial and look to you to be flexible, yet results driven. We have tight deadlines and rely on you to meet them. While we work hard, it’s important we take time to have fun and collaborate. Culture fuels us here at Domain, that’s why we host Company volunteer days, community engagement and volunteer opportunities, and team building events such as Company outings.

What you’ll be doing:

• Working with the principals, the development finance team and across all company verticals to lead the execution of Domain’s existing development projects.
• Evaluating prospective new development opportunities, especially ground-up construction of mixed-income multifamily rental projects in New York City and the surrounding area.
• Driving various aspects of financial transaction closings – including joint ventures, partnerships and construction loans – with internal (design, construction, accounting, operations, and marketing) and external parties (capital providers, lawyers, consultants)
• Securing various financial subsidies and incentives for development projects including 421-a (or similar) tax abatements, low-income housing tax credits and bond financing, and various other grants and tax credit programs.
• Managing day-to-day progress for certain development projects including recurring communications with financial partners and internal coordination meetings; engaging with financial services providers, commercial tenants and third-party service providers.
• Sourcing and analyzing economic, demographic, and real estate market data; maintaining constant familiarity with real estate trends and developments across relevant geographic markets and product types.
• Consistently providing a high-level of internal and external customer service and professionalism.
• Positively impacting the growth and future of the company and the communities in which we build.

Skills, Experience, and Qualifications Required:

• Knowledge of and passion for real estate, urban planning and community development.
• Bachelors or Master’s Degree required; Finance, Accounting or Real Estate concentrations preferred.
• 5+ years of experience in real estate development, investment, lending, commercial brokerage or real estate financial services; New York experience preferred.
• Experience working with New York State and City housing agencies preferred.
• Strong modeling skills and ability to perform financial analysis and due diligence for new development opportunities, assist in underwriting and cash flow analyses, respond to Requests for Proposals, and organize a transaction process.
• Strong project management skills including understanding of and ability to maximize operating and financial performance and minimize potential risks for development projects from conception throughout construction and until stabilization and conversion to permanent financing.
• Excellent interpersonal and relationship-management skills; experience establishing, cultivating, and maintaining productive relationships with brokers, institutional partners, owners, lenders, and the variety of potential clients with whom Domain does business.
• Established and growing network of relationships across the real estate industry
• Extremely organized and self-motivated with the ability to work independently and collaboratively.
• Strong time-management skills including ability to effectively coordinate and manage multiple fast-moving projects at any given time with both internal and external parties.
• Strategic thinker with a keen understanding of value creation.
• Values entrepreneurialism and demonstrates strong intellectual curiosity.

Physical Demands:

• This position involves regular walking, standing, sitting for extended periods of time, hearing, and talking.
• May occasionally involve stooping, kneeling, or crouching.
• May involve close vision, color vision, depth perception, focus adjustment, and viewing computer monitor for extended periods of time.
• Involves manual dexterity for using keyboard, mouse, and other office equipment.

Work Hour Requirements:

• Ability to work a flexible schedule based on the company needs.
• Regular, dependable attendance and punctuality.

Company Benefits:

• Health and wellness benefits with 4 different plan offerings.
• Company-paid Life Insurance and Short-Term Disability.
• Paid Parental Leave Program (up to 8 weeks of 100% pay).
• 401(k) matching program (up to 4%).
• 10 days of paid vacation, 7 sick days, and 11 company holidays annually.
• Competitive compensation with annual bonus potential.
• Fun extracurricular activities and perks.
• 2 Volunteer days and an annual community day where we get to give back, together!
• Professional development opportunities.

This job description is not all inclusive. The Domain Companies reserves the right to amend this job description at any time. The Domain Companies is an Equal Opportunity Employer, committed to a diverse and inclusive work environment.