Job Description
Be a part of something great and find yourself At Home, At Sherman! We invite you to join our mission of building communities, enriching neighborhoods as a Real Estate Developer!
The Developer is responsible for driving real estate development projects from beginning to end, working in collaboration with Legal, Accounting, Construction and Asset Management. We are seeking someone with a strong financial (deal structuring, underwriting) experience who can be analytical, detail oriented, have strong communication and organizational skills and able to work in a fast-paced, deadline driven environment.
Essential Functions
- 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.
- Work closely with and in person for projects primarily based in the Minneapolis/Saint Paul metro area
- Other duties and responsibilities as assigned.
Experience and Skills Minimum Requirements - 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.
Job Benefits 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
- Low Deductible Health Insurance Plans
- Fully paid short term disability
- Fully paid life insurance
- Additional Supplemental Insurance Policies including
- Voluntary Accident & Critical Illness
- Hospital Indemnity
- Long-Term Disability
- Pet insurance
- Fully paid employee assistance program
- Fully vested 401k company match program
- 9 Paid holidays and competitive PTO program (starting at 15 days annualized - only add for residential)
- Starbucks and Hotel discounts
- Charitable giving strategy with corporate match
Sherman Associates is an Equal Opportunity and Affirmative Action Employer. We encourage women, minorities, individuals with disabilities, and protected veterans to apply.
This job advertisement is intended to provide information essential to understanding the scope of the position. It is not an exhaustive list of skills, duties, responsibilities or working conditions associated with the position.
Only applicants who complete our online application process will be considered for employment. Applicants that need reasonable accommodations to complete the application process may contact careers@sherman-associates.com.
