Real Estate Developer

Minneapolis, Minnesota, United States
Full-time
Posted

Description

Job Description:


Be a part of something great and find yourself At Home, At Sherman! As a member of Sherman, we invite you to join our mission of Building Communities, Enriching Neighborhoods.

Sherman Associates is currently seeking an experienced Real Estate Developer to join our team!

The Developer is responsible for driving real estate development projects from beginning to end, working in collaboration with Legal, Accounting, Construction and Asset Management. Strong financial (deal structuring, underwriting) experience is required. Must be analytical, detail oriented, have strong communication and organizational skills and able to work in a fast-paced, deadline driven environment.

ESSENTIAL FUNCTIONS

Core Responsibilities

  • Determine funding requirements for the viability and sustainability of multi-family, mixed-use, commercial projects, and hotel projects.
  • Manage pre-development activities including acquisition, environmental review, project concept development, budgeting, cost analysis and financing of multi-family, mixed-use, commercial projects, and hotel projects.
  • Complete project proformas using a mix of funding sources, including but not limited to, Federal and State Low Income Housing Tax Credits, Federal and State Historic Tax Credits and New Market Tax Credits, Tax Increment Financing, Tax Abatement, and Conventional Financing.
  • Prepare predevelopment budgets, operating budgets cash flow and reserve analysis.
  • Prepare overall project time lines and schedules.
  • Manage project cash flows, construction draws and budgets during pre-development and construction.
  • Develop and maintain relationships with private lending institutions, state, federal and local officials, and private equity investors.
  • Develop and maintain relationships with architects, general contractors and industry vendors.
  • Other duties and responsibilities as assigned.


Required Experience:


  • Knowledge of available project funding sources including but not limited to, Federal and State Low Income Housing Tax Credits, Federal and State Historic Tax Credits, New Market Tax Credits, Tax Increment Financing, Tax Abatement, and Conventional Financing.
  • Knowledge of real estate transaction process; including land/building acquisition and closing of debt and equity.
  • Financial Modeling Skills – able to use a variety of tools, techniques and approaches.
  • Leadership skills – able to take ownership of a project and manage it from predevelopment to construction completion; able to manage different parties and wide variety of moving parts and processes.
  • Highly organized and able to multi-task and prioritize.
  • Ability to:
    • Effectively communicate both verbally and in written form clearly and professionally.
    • Work with numerous staff and departments, both internally and externally.
    • Collect, interpret and utilize data effectively
    • Work with design and construction professionals
    • Understand and utilize a variety of funding mechanisms
    • Manage multiple projects effectively
    • Prepare and present project proposals to government entities, investors, and related groups.
    • Work independently with minimal supervision.
    • A passion for the mission, vision, and values of Sherman Associates.
  • Office hours may vary due to the specific needs of the company.

Education & Experience

  • BA/BS degree in finance, accounting, real estate, construction management or related fields.
  • 2-3 years of prior experience in real estate development is strongly preferred.


From: Sherman Associates

Benefits:

Sherman Associates strives to lead the market in the benefits we offer. In addition to medical, dental, vision and supplemental benefits, what sets us apart includes

  • Fully paid short term disability
  • Fully paid life insurance
  • Fully paid employee assistance program
  • Fully vested 401k company match program
  • Paid holidays and robust PTO program
  • Best in class learning and development opportunities
  • Starbucks and Hotel discounts
  • Charitable giving strategy with corporate match

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