Pennrose LLC is an industry leader in the development and management of Affordable Housing. Because of our continued growth, we are excited to be hiring for an Associate Developer for our Baltimore, MD region.
This entry-level position assumes exposure to and participation in all aspects of multi-faceted real estate development projects – both market-rate and affordable - from inception through construction completion and lease-up. This individual is responsible for timely and accurate support to an in-house team of Developers, Senior Developers and Regional Vice Presidents. This individual will gain exposure to an external team of financiers, architects, designers, engineers and contractors. Most follow up will be their responsibility. Each Associate Developer simultaneously participates in multiple projects in varying stages of development. This position demands strong financial skills, meticulous accuracy in all work and effective written and oral communication.
Primary duties include:
• Financial modeling to determine the economic feasibility of a project
• Drafting, editing, assembling, and finalizing - under the direction of the Team Leader - multiple, professional
RFPs and RFQs
• Participation in building strong public private partnerships
• Working with municipalities to ensure good communication
• Preparation of professional Powerpoint presentations for both large and small groups of financiers, m
municipalities, and community constituents for the purpose of marketing Pennrose Properties to groups that
could be potentially skeptical and occasionally adverse
• Timely follow-up of land-development approval process
• Coordination of legal matters as directed by the Team Leader
• Working knowledge of all site-control documentation, loan agreements, equity documents, and partnership
agreements
• Coordination of architectural and engineering matters under the direction of the Team Leader for proposed
developments
• Creation of realistic project schedules
• Development of realistic project budgets
• Interfacing with contractors and other professionals to build proposed developments
• In-depth involvement in coordinating the lease-up of completed developments with full flow of information
concerning limiting criteria
• Maintenance of calendars
• Scheduling and coordinating the logistics for all development meetings
• Complying with all provisions of the Pennrose Properties personnel policies
Required Education and Experience:
* BA or BS Degree in Finance, Real Estate, Business or related field
* Master's Degree or 3 years of work experience required
* Solid Real Estate knowledge
* Strong Analytical ability
* Strong work ethic and exceptionally high work standards
* Requires a valid Driver's License and the ability to travel
Pennrose is an Equal Opportunity Employer
EOE M/F/D/V