Responsibilities
Related California is seeking a Project Manager for its Affordable Housing division. Reporting to the Senior Vice President of Development, the successful candidate will have in depth, hands on experience in all aspects of multi-family rental housing development, finance and construction. The work will involve a focus on new construction and acquisition/rehabilitation of affordable housing. The Project Manager will be responsible for all aspects of their projects including: entitlements, design, financial analysis and modeling, deal memo preparation, due diligence, legal oversight, budgeting, and construction. This position is a key team position that will provide the candidate significant professional growth and exposure to all aspects of an affordable housing development project. This position will be based in Irvine or Los Angeles, California.
Responsibilities include, but are not limited to:
- Financial Analysis: Manage project proforma, development cost and cash flows; research and understand funding sources.
- Acquisition: Perform financial analysis and due diligence for new development opportunities, manage underwriting and cash flow analysis, and responding to Requests for Qualifications or Proposals.
- Government Subsidy: Compile detailed financing applications for various state and local funding programs such as low income housing tax credits and tax exempt bonds.
- Planning and Design: Manage consultant team, including architect, engineers, energy and other consultants. Oversee deliverables and keep team on track.
- Entitlement Processing: Manage the process of applying for and obtaining land use approvals and building permits. Manage the preparation of community outreach documents, and attend community outreach meetings.
- Operations: Prepare budgets and schedules, cash flow projections, deal memorandums, financial forecasts and strategic plans.
- Construction: Coordinate loan draws, forecasting project budgets and cash flows, and managing project Attend draw meetings and coordinate with construction manager.
- Lease up/Marketing: Management of the lease up process to ensure lease up targets are met; coordinate with property management company.
Compensation
- $120,000 – $150,000 / year
- Annual performance based bonus
Qualifications
- Affordable Housing experience is required.
- Minimum Bachelor’s Degree; preferably in real estate, business administration, public policy and planning or a related field.
- 3 – 6 years of experience in all aspects of multi-family housing development and finance.
- Strong quantitative and MS Excel, Word, PowerPoint, Project skills are a prerequisite.
- Strong project management skills, results-driven, with ability to manage multiple deadlines.
- Complex thinker of high intelligence and demonstrates strong intellectual curiosity.
- Keen attention to detail.
- Effective prioritization and organizational skills.
- Ability to multi-task in a fast paced environment.
- High energy; possessed with drive.
- Must be a team player, but also a self-starter that can perform with limited direction.
- Excellent written and verbal and communication skills.
Desired, but Not Required Qualifications
- Experience in Southern California.
- Knowledge of CEQA, including experience with planning and entitlements processes in California.
- Experience with HUD and Public Housing Authority programs.
- Masters Degree in related field.
Please note that Related has adopted a COVID-19 vaccination policy to safeguard the health and well-being of our employees. As a condition of employment, Related employees working on-site are required to be fully vaccinated for COVID-19, unless a reasonable accommodation is approved or as otherwise required by law.
Related values diversity in backgrounds and experiences. We are proud to be an equal opportunity employer and are deliberate about the team and culture we are building. We aim to ensure competitive total compensation that is commensurate with experience, workplace geography, and market standards.
Related will consider for employment qualified applicants with criminal histories in a manner consistent with applicable federal, state, and local laws.
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Overview
Firm Overview
Related California, the West Coast affiliate of Related Companies, is a fully integrated real estate firm that develops multifamily residential and mixed-use properties in California.
Since 1989, Related California has undertaken a range of transformational developments from best in class luxury high rise residential properties to the redevelopment of obsolete public housing, spanning a broad spectrum of urban infill, affordable, mixed-income and market rate multi-family developments. The company has a development portfolio of more than 18,000 residential units completed or under construction, and more than 5,200 affordable and 7,600 market rate units in pre-development.
Related California has a long history of community partnership, having collaborated with more than 40 municipalities and over 30 non-profit organizations throughout California, and has successfully developed and managed a broad range of property types throughout Alameda, Contra Costa, Los Angeles, Orange, Sacramento, San Bernardino, San Diego, San Francisco and Santa Clara counties. Related California has developed more than $8.3 billion in assets and has a track record of consistently developing communities that exceed industry benchmarks in design, construction, sustainability and property management. For more information about Related California, visit www.relatedcalifornia.com.
Company Overview
Formed in 1972, Related is the most prominent privately-owned real estate firm in the United States. Headquartered in New York City, the company has offices and major developments across the world. Related owns and manages a premier portfolio of assets valued at over $60 billion, including the 28-acre Hudson Yards neighborhood on Manhattan’s West Side.
Related believes in investing in its talent and cultivates a positive, team-oriented environment where every voice is valued. Employees are encouraged to boldly take on new challenges, transcend the status quo, and demonstrate strong entrepreneurial spirit. In its relentless commitment to excellence, Related works to foster an innovative approach in its team members so that they can positively impact the communities in which they conduct business. Learn more about Related at www.related.com.