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Vice President of Real Estate

Company: Shelterforce Magazine
Location: Denver
Posted on: February 25, 2021

Job Description:

Are you excited by the world of LIHTC, PAB, NMTC, CLT, URA, IZ, OZ, and Net Zero? Do you want to help advance the mission of a unique nonprofit that is committed to equitable and sustainable development? Do you have the desire to be a part of an organization that is looking to double its $140M in community real estate investments over the next five years? Urban Land Conservancy (ULC) is looking for a Vice President of Real Estate who brings a passion for affordable housing and nonprofit facility development and has an entrepreneurial spirit of getting deals completed. The VP of Real Estate is responsible for site identification, contract negotiations and partner development, and ensures that all real estate transactions are completed in alignment with Assets, Finance, and Master Site as a part of ULC's place based real estate mission. Fundamental to ULC's work is using the Community Land Trust to ensure the developments on our land will be permanently affordable. PRIMARY DUTIES and RESPONSIBILITIES Property/Site Acquisition

  • Identify potential investment and development opportunities
  • Coordinate and negotiate with seller, lenders, and other potential partners on the project/program requirements and financing requirements for the community asset
  • Manage due diligence research and analysis investigation
  • Oversee all pre-development activities, including the implementation of Net Zero development
  • Ensure proper preparation and submission of financing applications to lenders and grant providers
  • Negotiate and manage contracts and agreements with development partners
  • Establish, maintain, and nurture effective relationships with development partners Project Management
    • Establish project goals in coordination with development partners
    • Participate in site design and project design charrettes/meetings as appropriate
    • Manage preparation and oversight of partner agreements
    • Prepare and maintain project work plans, budgets, procurements, and schedules
    • Secure project financing, including construction financing, and permanent financing
    • Oversee legal compliance issues, lender requirements, construction phasing, and project close-out
    • Review project budget, schedule, monthly cash flow and other activities
    • Attend project team meetings with Project Manager, Leadership staff, and related support staff
    • Serve as Owner's Representative during construction/development
    • Ensure compliance with federal/state/local regulations, as required QUALIFICATIONS
      • Bachelor's degree in real estate, finance, business, urban planning, architecture, or related field plus a minimum of 10 years of relevant experience or in place of degree, a minimum of 15 years of relevant experience
      • Master's degree in relevant field a plus
      • Must have a minimum of three years' supervisory experience
      • Experience in real estate development, including negotiation of real estate contracts/ terms, and due diligence process e.g., title, survey, appraisal, inspections, environmental phase I and II
      • Good understanding of finance, including NMTC for commercial/nonprofit facilities, affordable housing financing models, e.g., 9% LIHTC, 4% PAB, FLHB AHP, Tax Exempt Bonds, HUD insured programs COMPENSATION
        • Starting salary range is $120,000-$135,000 per year and is commensurate with depth of experience and overall qualifications
        • Health insurance - two plans offered; employees pay a portion of the monthly premium
        • 100% employer paid dental and vision insurance, life insurance, AD&D, short- and long-term disability
        • 401(k) after six months; 7% employer paid contribution (no match required)
        • Paid time off; new employees accrue 15 days in the first year
        • Nine paid holidays
        • Flex Time
        • Cost-of-living and performance based salary increases are given depending upon current policy; bonuses possible depending upon current policy At Urban Land Conservancy, we are committed to providing an environment of mutual respect where equal employment opportunities are available to all applicants and staff without regard to race, color, religion, sex, pregnancy (including childbirth, lactation and related medical conditions), national origin, age, physical and mental disability, marital status, sexual orientation, gender identity, gender expression, genetic information (including characteristics and testing), military and veteran status, and any other characteristic protected by applicable law. Urban Land Conservancy believes that diversity and inclusion among our team is critical to our success, and all employees share in the responsibility for fulfilling our commitment to equal employment opportunity. ABOUT US Shelterforce is an independent publication that serves (and sometimes challenges) community development practitioners across the United States.

          60 South Fullerton Ave., Suite #202
          Montclair, NJ 07042
          (973) 509-1600
          Contact us: info@shelterforce.org

Keywords: Shelterforce Magazine, Denver , Vice President of Real Estate, Executive , Denver, Colorado

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