Real Estate Development Associate Jobs in Massachusetts

Background

2Life Communities has been at the heart of positive change in the affordable senior housing ecosystem since 1965. We develop, manage, and advocate for high-quality, affordable housing and services that support aging in community, helping older adults and their families enjoy stability, dignity, and peace of mind. Our mission is to ensure that every older adult has the opportunity to live a full life of connection and purpose in a dynamic, supportive environment.

Position summary

The Senior Real Estate Project Manager (SREPM) will work closely with and under the supervision of the Chief of Real Estate as well as the Director of Real Estate Development. As a valued member of the Real Estate Team, they will embrace 2Life's mission and work to facilitate the highest standards for senior housing development and operations. 2Life’s Real Estate Team is uniquely collaborative and highly skilled in its approach to project management. We work closely with each other and with 2Life’s Finance, Facilities, Property Management, Compliance, Resident Services, and Programs teams to lay the foundation for successful long-term project operations.

The SREPM will adhere to a flexible, creative, and value-driven approach to real estate development. They will develop and maintain collaborative relationships with project teams, consultants, board members, volunteers, and 2Life's property management, fund development, administrative, and resident service staff. The SREPM will have specific project leadership responsibilities and share the responsibility for 2Life's entire real estate portfolio. They will participate in Real Estate team meetings, and activities focused on advancing 2Life's mission to preserve and expand the portfolio.

Essential job functions

The SREPM will have shared responsibility for a portfolio of affordable supportive housing projects. They will lead the development of at least two real estate projects through construction completion and transition to operations. The SREPM will:

• Collaborate with 2Life's Program staff to seek, secure, and manage relationships with prospective program and service providers during the development phase to accomplish desired program goals
• Lead project teams, including 2Life staff and consultants, utilizing best practices, supporting transparency and information sharing, and encouraging buy-in through collaborative decision-making whenever possible and practical
• Take projects through zoning and permitting, including managing community relations
• Prepare and manage complex development proformas and funding applications, securing predevelopment, construction, and permanent financing
• Manage financial closings, relationships with financial partners, and compliance with financing requirements during the construction period
• Work with 2Life's Facilities team to manage construction, including the coordination of internal stakeholder input and the management of 2Life's contracts with the owner's representative, architect, and contractor
• Prepare regular updates and reports to 2Life's staff, Board of Directors, and Real Estate Committee as may be required
• Support 2Life's effort to integrate innovative programs and populations into 2Life's real estate projects, creating partnerships with senior service providers and leveraging investments from public and private healthcare institutions and insurers
• Represent 2Life at public events and on external committees that benefit 2Life's real estate activities and support career growth and learning
• Complete other duties as requested and assigned

Preparation, knowledge, skills, and abilities

• Master's degree in Urban Planning, Real Estate, Finance or the equivalent in training and experience
• Minimum of eight (8) years of work experience in affordable housing real estate project management
• Highly motivated, flexible, and able to work independently and with a team
• Creative problem solver who can adapt to find multiple paths to overcome challenges and bring a warm sense of humor
• Ability to adhere to 2Life’s non-profit real estate development principles so that projects are highly innovative and successfully balance mission, feasibility, and risk
• Exceptional project management skills, with proven ability to manage multiple priorities and deadlines with attention to detail
• A clear understanding of affordable housing funding programs, such as the Low Income Housing Tax Credit (LIHTC), HOME, CPA, CDBG, Section 8, MRVP, and Section 202, and a proven track record in securing such funding for projects
• Demonstrated success in creating and managing a complex development proforma, preferably for a LIHTC-funded affordable housing project
• Well-developed interpersonal, writing, and verbal communication skills, including the confidence to serve as an external voice for 2Life's projects and mission
• Successful in planning and facilitating meetings and managing working groups
• Flexibility to adapt to a changing environment and work effectively under pressure