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Multifamily Development Manager information

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$33K

$77.4K

$133K

How much do multifamily development manager jobs pay per year?

As of Jun 30, 2026, the average yearly pay for multifamily development manager in the United States is $77,438.00, according to ZipRecruiter salary data. Most workers in this role earn between $58,500.00 and $90,500.00 per year, depending on experience, location, and employer.

What is the difference between Multifamily Development Manager vs Multifamily Project Coordinator?

AspectMultifamily Development ManagerMultifamily Project Coordinator
CredentialsBachelor's degree in real estate, construction, or related field; often requires experience in developmentTypically holds a bachelor's degree; entry-level or supporting role
Work EnvironmentOversees multiple projects, interacts with developers, investors, and contractorsSupports project teams, handles administrative tasks, and coordinates schedules
Industry UsageUsed by developers and real estate firms for leadership roles in development projectsCommonly used in project teams to assist project managers and coordinators

The Multifamily Development Manager focuses on leading and managing the entire development process, while the Multifamily Project Coordinator supports project execution through administrative and coordination tasks. Both roles are essential but differ in responsibility level and scope within the development lifecycle.

What does a Multifamily Development Manager do?

A Multifamily Development Manager oversees the planning, coordination, and execution of residential development projects that involve multiple housing units, such as apartment complexes or condos. They are responsible for managing budgets, timelines, and project teams, as well as ensuring compliance with local regulations and standards. The role involves working with architects, contractors, city officials, and investors to bring multifamily housing projects from concept to completion. Effective communication, problem-solving, and project management skills are essential for success in this position.

What are the key skills and qualifications needed to thrive as a Multifamily Development Manager, and why are they important?

To thrive as a Multifamily Development Manager, you need expertise in real estate development, project management, financial analysis, and a relevant degree such as in business, real estate, or construction management. Familiarity with project management software (like MS Project), pro forma modeling tools, and knowledge of zoning/regulatory compliance are typically required. Exceptional negotiation, leadership, and communication skills help manage diverse stakeholders and team members effectively. These competencies ensure projects are delivered on time, within budget, and meet both regulatory and quality standards.

What are some typical challenges a Multifamily Development Manager faces during the project lifecycle?

Multifamily Development Managers often navigate complex zoning regulations, coordinate with multiple stakeholders such as architects, contractors, and local authorities, and manage tight project timelines. Balancing budget constraints while ensuring high-quality construction and addressing unexpected site or permitting issues are common challenges. Additionally, adapting to changing market conditions or client requirements requires flexibility and strong problem-solving skills throughout the development process.
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Multifamily Development Manager jobs near you

Multifamily-Development Manager - Richmond

DR Horton, Inc.

Midlothian, VA • On-site

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 18 days ago

Key responsibilities

  • Support deal sourcing, underwriting development opportunities, and analyzing market and cost data.

  • Coordinate communication and progress with local officials, brokers, consultants, and construction personnel.

  • Directly manage two or more employees in the Operations Department, including interviewing, hiring, and training.

D.R. Horton rating

7.4

Company rating: 7.4 out of 10

Based on 33 frontline employees who took The Breakroom Quiz

35th of 79 rated construction

Job description

D.R. Horton, Inc., the largest homebuilder in the U.S., was founded in 1978 and is a publicly traded company on the New York Stock Exchange. It is engaged in the construction and sale of high quality homes designed principally for the entry-level and first time move-up markets. The Company also provides mortgage financing and title services for homebuyers through its mortgage and title subsidiaries. Please visit our website at www.drhorton.com for more information.
DHI Communities is a multifamily development division of D.R. Horton, Inc.
DHI Communities is currently looking for a Multifamily-Development Manager. The right candidate will be responsible for assisting the VP of Development in all aspects of multi-family home development, including deal sourcing; making an investment pitch; and pre-development, development, and lease-up duties.
Essential Duties and Responsibilities include the following. Other duties may be assigned.
  • Support deal source and underwrite development opportunities
  • Coordinate communication and progress with local officials, brokers, consultants, etc.
  • Participate in zoning, entitlement, and permitting activities
  • Collaborate in due diligence investigations
  • Support underwriting efforts, including an analysis of market information, operational expense data, and estimated hard and soft costs
  • Participate in establishing a project timeline as well as spending forecasts
  • Participate in a compilation of components for investment packages
  • Support the presentation of development opportunities
  • Assist in decision-making regarding product, mix, parking, and design
  • Coordinate with construction personnel as necessary to meet budget and timing targets
  • Strategize with the internal Leasing Operations Manager and third-party property management companies to maximize returns during lease-up
  • Conduct all business in a professional and ethical manner to serve customers and increase the goodwill and profit of the company

Supervisory Responsibilities
Directly manages two or more employees in the Operations Department. Carries out supervisory responsibilities in accordance with the organization's policies and applicable laws. Responsibilities include interviewing, hiring, and training employees; planning, assigning, and directing work; appraising performance; rewarding and disciplining employees; addressing complaints and resolving problems.
Education and/or Experience
  • Bachelor's degree from four-year college or university
  • Five to seven years of related experience and/or training
  • Ability to apply common sense understanding to carry out instructions furnished in written oral form or via DRH applications
  • Proficiency with MS Office and email

Preferred Qualifications
  • Registered planner or engineer preferred
  • Strong communication skills
  • Ability to multi-task and attention to detail

Come join a winning team with a Fortune 500 company! We are growing fast and are looking for enthusiastic attitudes and team players to join our success. We offer an excellent benefits package including:
  • Medical, Dental and Vision
  • 401(K)
  • Employee Stock Purchase Plan
  • Flex Spending Accounts
  • Life & Disability Insurance
  • Vacation, Sick, Personal Time and Company Holidays
  • Multiple Voluntary and Company provided Benefits

Build YOUR future with D.R. Horton, America's Builder.#WeBuildPeopleToo
#DHICommunities

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