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Developer

Pennrose is an industry leader in the development and management of Affordable Housing. We are excited to be hiring for a Developer for our Development Office located in Atlanta, GA.

This position assumes full responsibility for the successful completion 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 the strong leadership of an in-house team of Associate Developers, Assistant Developers and Administrative Assistants. This individual simultaneously assembles and manages an external team of financiers, architects, designers, engineers and contractors. Each developer simultaneously coordinates multiple projects in varying stages of development. This position demands strong financial skills for Financial Modeling, creative thinking, leadership, and effective communication.

Duties & Responsibilities:

• Identification and evaluation of real-estate development opportunities
• Determination of the financial feasibility for a viable project
• Determination of the suitability of a site
• Direct report to Pennrose Properties Chief Financial Officer for predevelopment expenditures expectations,
development cash-flow, and development capital requirements
• Drafting and finalizing multiple, professional RFPs and RFQs
• Establishing strong public private partnerships
• Delivery of professional Powerpoint presentations before both large and small groups of financiers,
municipalities, and community constituents for the purpose of marketing Pennrose Properties to groups
potentially skeptical and occasionally adverse
• Development of realistic project budgets
• Coordination of efficient land-development approval process
• Assembly and leadership of superior development team
• Coordination of legal team
• Responsibility for all site control documentation, loan agreements, equity documents and partnership
agreements
• Collaboration with architects and engineers in designing proposed developments
• Determination of realistic project schedules
• Meeting design, funding and construction deadlines throughout the project

Required Education & Experience:

• BA or BS required
• At least four years of experience as an Associate Developer or equivalent position
• Demonstrated understanding of project proformas for both market-rate and public housing developments
• Profound understanding of HUD and Housing Finance agency budget requirements
• Experience in filing applications requesting Low Income Housing Tax Credits, Federal Home Loan Bank
Affordable Housing Program funds and a multitude of other soft resources
• Requires a valid driver’s license, an insured vehicle, and the ability to travel (between properties, on-call
emergencies, training, etc.)

For more information, please visit our website at www.pennrose.com

Pennrose is an Equal Opportunity Employer
EOE M/F/D/V

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