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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 9, 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
ACQUISITIONS & DEVELOPMENT MANAGER, MULTIFAMILY DEVELOPMENT

ACQUISITIONS & DEVELOPMENT MANAGER, MULTIFAMILY DEVELOPMENT

Kennedy Wilson

Greenwood Village, CO • On-site

$72.12 - $88.94/hr

Full-time

Retirement

Posted 9 days ago

Job description

Summary:
Kennedy Wilson is seeking two Acquisitions & Development Managers with 3-5+ years of multifamily development experience - one based in Denver, CO and one in Phoenix, AZ - to drive land acquisition, lead projects from acquisition through construction start, build key market relationships, and deliver high-impact multifamily developments.
Company:
Founded in 1977, Kennedy Wilson is global real estate investment company headquartered in Beverly Hills, CA with 12 global offices. We own, operate and invest in real estate on our own and through our investment management platform. We focus on multifamily, office and industrial properties located in the Western United States, U.K, and Ireland. For further information on Kennedy Wilson, please visit www.kennedywilson.com.
Key Responsibilities:
  • Lead land sourcing and acquisition strategy within the assigned region, maintaining a high-volume pipeline and deep expertise in local market dynamics, land pricing, and entitlement pathways.
  • Build and manage senior relationships with brokers, landowners, consultants, and municipal stakeholders to generate actionable deal flow and advance projects through local approvals.
  • Lead underwriting of development opportunities, including financial modeling, market and competitive analysis, and investment thesis development; present and defend recommendations to senior leadership.
  • Structure and negotiate land acquisitions (LOIs and PSAs), managing transaction economics, timelines, and compliance with contractual obligations.
  • Partner with development, construction, and design teams to align budgets, schedules, and project strategy with approved underwriting and market positioning.
  • Oversee and quarterback due diligence, coordinating internal and external partners, validating assumptions, and preparing investment memos and approvals.
  • Maintain ownership through entitlement, design, and construction start, leading entitlement strategy and ensuring underwriting assumptions remain validated throughout execution.
  • Support capital formation through offering materials, investor presentations, and lender diligence.
  • Assist with refinances and dispositions in partnership with capital markets and brokerage teams.
  • Deliver consistent development outcomes while representing the firm with professionalism, market credibility, and strong judgment.
Qualifications:
  • Bachelor's or Master's degree in business, economics, or a development-related field (e.g., construction, engineering, architecture).
  • Strong financial modeling and spreadsheet skills.
  • Solid understanding of multifamily investment economics and development fundamentals.
  • Experience across the development lifecycle, from site sourcing through construction start (entitlement experience preferred).
  • Excellent communication skills with the ability to influence stakeholders and present investment recommendations.
  • 3-5+ years of relevant multifamily development experience, preferably with ground-up development at an institutional or established development firm.
  • Proven ability to independently source, evaluate, and advance development opportunities within a defined market.
Compensation Package:
  • Competitive base salary & Discretionary Bonus
  • Comprehensive Benefits Package
  • 401K retirement plan

Equal Opportunity Employer
This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.

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