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$54.5K

$102.3K

$162K

How much do real estate development manager jobs pay per year?

As of Jul 1, 2026, the average yearly pay for real estate development manager in the United States is $102,271.00, according to ZipRecruiter salary data. Most workers in this role earn between $75,000.00 and $128,000.00 per year, depending on experience, location, and employer.

What is the difference between Real Estate Development Manager vs Real Estate Project Coordinator?

AspectReal Estate Development ManagerReal Estate Project Coordinator
CredentialsBachelor's degree in real estate, urban planning, or related field; often with experience in developmentBachelor's degree; entry-level or supporting role, often with some industry certifications
Work EnvironmentLeads development projects, interacts with stakeholders, oversees planning and executionSupports project teams, manages schedules, assists with documentation and communication
Employer & Industry UsageReal estate development firms, construction companies, property developersReal estate firms, construction companies, project management teams

The main difference is that the Real Estate Development Manager oversees entire development projects, making strategic decisions, while the Real Estate Project Coordinator supports project execution through administrative and coordination tasks. The manager has more responsibility for project success, whereas the coordinator focuses on supporting roles within the project team.

What are some common challenges faced by Real Estate Development Managers during the project lifecycle?

Real Estate Development Managers often encounter challenges such as navigating complex zoning and permitting processes, coordinating with multiple stakeholders (including investors, contractors, and local authorities), and managing project timelines and budgets. Unforeseen issues like market fluctuations, community concerns, or construction delays can also arise, requiring strong problem-solving and negotiation skills. Staying proactive and adaptable is essential for successfully bringing development projects from concept to completion.

What Does a Real Estate Development Manager Do?

A real estate development manager locates undeveloped land and oversees the work to prepare it for commercial or residential real estate construction. They may work on one or more development projects at a time and are knowledgeable of local real estate markets, growth trends, and occupancy rates in cities and counties. A good real estate development manager should be a strong negotiator.

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

To thrive as a Real Estate Development Manager, you need expertise in project management, real estate finance, market analysis, and a relevant degree such as in business, finance, or urban planning. Familiarity with property management software, financial modeling tools, and an understanding of zoning and permitting processes are typically required. Strong negotiation, leadership, and communication skills help drive projects forward and foster productive relationships with stakeholders. These competencies are vital for successfully managing complex development projects from concept to completion while maximizing profitability and minimizing risks.

What does a Real Estate Development Manager do?

A Real Estate Development Manager oversees the planning, coordination, and execution of property development projects from inception to completion. Their responsibilities include identifying potential development opportunities, conducting feasibility studies, securing financing, managing budgets, obtaining necessary permits, and coordinating with architects, contractors, and other stakeholders. Their goal is to ensure projects are completed on time, within budget, and in compliance with regulations, while also meeting the financial and strategic objectives of investors or property owners.
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Real Estate Development Manager jobs near you
Infographic showing various Real Estate Development Manager job openings in the United States as of June 2026, with employment types broken down into 1% As Needed, 89% Full Time, and 10% Part Time. Highlights an 77% Physical, 2% Hybrid, and 21% Remote job distribution, with an average salary of $102,271 per year, or $49.2 per hour.
Director of Real Estate Development

Director of Real Estate Development

Brooklyn Community Services

Brooklyn, NY • On-site

$125K - $150K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 5 days ago

Key responsibilities

  • Direct and execute the strategic pursuit of new real estate development opportunities, including identifying joint venture partners and leading major RFP responses.

  • Work with joint venture partners to source and negotiate capital terms for acquisition, pre-development, construction, and permanent financing.

  • Collaborate with contractors, consultants, legal, property management, facilities, and social service teams to ensure successful project development, construction, rent-up, and building openings.

Job description

Position: Director of Real Estate Development
Reports to: Executive Director
Program/Department:
Work Location: BCS Headquarters in downtown Brooklyn, operating under a hybrid working model
Hours: Monday - Friday 9am - 5pm; include the need to be available for evening and weekend hours;
Full Time - 35 hours per week
Travel required in Brooklyn
Salary Range: $125,000 - $150,000
FLSA Status: Exempt
About BCS:
Brooklyn Community Services is one of New York City's leading human services organizations, serving thousands of individuals annually through programs spanning housing stability, family well-being, workforce development, and community health.
Position Summary:
The Director of Real Estate Development is a critical, highly responsible role that owns and drives all phases of the real estate development cycle - oversees the planning, financing, and execution of affordable and supportive housing projects as well as working on asset and property management, where needed, for our current small portfolio of real estate projects. This role requires a proficient, independent leader who will be the organization's lead on real estate matters.
Reporting to the Executive Director, this role will provide an opportunity to help grow BCS's affordable and supportive housing portfolio and ensure smooth functioning going forward. Along with Executive Director, will manage and negotiate relationships with joint venture partners, community groups, and elected officials. In addition, the role develops and maintains relationships with internal departments. BCS has two active pipeline projects in need of project leadership, with future projects anticipated.
The ideal candidate has 5+ years of experience in real estate development, affordable housing finance, or project management, strong financial and Excel skills, and a passion for advancing supportive housing and other forms of housing supporting the unhoused. Prior experience with nonprofit or mission-driven housing organizations and board reporting is preferred, along with construction project management experience.
Responsibilities:
  • Contribute to the long-term real estate development strategy of BCS by directing and executing the strategic pursuit of new development opportunities, including identifying joint venture partners as well as leading all major RFP responses
  • Provide additional support to advance the organization's real estate portfolio and long-term growth by developing policies, procedures, and best practices for real estate development and operations
  • Work with joint venture partners to source and negotiate private and public capital terms for acquisition, pre-development, construction, and permanent financing
  • Collaborate with contractors, consultants, legal, property management, facilities, and social service teams to ensure successful project development, construction, rent-up, and building openings
  • Ability to manipulate complex financial models to create feasible projects, including the development budget, construction and permanent funding sources, operating budget, and cash flow statements and build these models, as needed
  • Manage development budgets and track project expenses to ensure alignment with approved development and operating budgets
  • Assist in selection and then help manage the work of the entire development team, including project architects, financing consultants, general contractors, lenders, legal counsel, and other professionals
  • Manage communication with internal teams, senior management, BCS Board Real Estate Committee, government agencies, and joint venture partners
  • Other related tasks as assigned

This job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that may be required of the employee. Duties, responsibilities and activities may change or new ones may be assigned at any time with or without notice.
Qualifications:
  • Master's degree preferred (or BA/BS with 5+ years) in real estate, urban planning, public policy, business or related field
  • Minimum 5 years of experience in real estate development, affordable housing, real estate finance, or project management
  • Strong financial analysis and budgeting skills, with advanced proficiency in Microsoft Excel, including experience in low income housing tax credits (9% and 4%) transactions highly preferred
  • Experience working with NYC HPD, HDC and NYS HCR, OTDA Programs.
  • Fluency with city, state, and federal affordable housing programs and policies
  • Demonstrated ability to manage multiple real estate development projects simultaneously and independently
  • Passion for supportive housing and alignment with BCS's mission
  • Highly organized, detail-oriented, and self-motivated with the ability to work both independently and as part of a team
  • Excellent written, verbal, and email communication skills
  • Prior experience with nonprofit or mission-driven housing organizations and board reporting, preferred.

Benefits
  • Benefits Package: A robust, comprehensive benefits package is offered, including:
    • Generous paid time off: 23 vacation days, 13 paid holidays, and 12 sick days.
    • Comprehensive health, voluntary dental, and vision insurance.
    • 403(b) retirement savings plan with a competitive employer match.
    • Employer-paid Life Insurance and Long-Term Disability.
    • Pre-tax commuter benefits and Flexible Spending Accounts for healthcare and dependent care.
    • Financial coaching benefits and Credit Union Membership access.
    • Employee Assistance Program and professional referral incentive programs.
    • Employment eligibility for public service loan forgiveness programs.

An Equal Opportunity Employer. Auxiliary aids and services are available upon request to individuals with disabilities.

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