Pennrose is an industry leader in the development and management of Affordable Housing. We are currently looking for Associate Developer's for our Development Office located in New York, NY.
This 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 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.
Duties & Responsibilities:
• 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,
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
Required Education & Experience:
• BA or BS in Finance, Real Estate, Business or related field is required
• Master’s Degree or at least 3 years of work experience is required
• Solid real-estate knowledge base
• Strong analytical ability
• Exceptional verbal and written communication skills
• Expertise in composing on-message PowerPoint presentations
• Considerable inter-personal skills including the ability to establish and maintain effective working
relationships with others; being both responsive and thoughtful
For additional information, please visit our website at www.pennrose.com
Pennrose is an Equal Opportunity Employer
EOE M/F/D/V