Profile ID#9934

Director of Development
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MBA – Top 10 Nationally Ranked Business School
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Concentrations in Finance and Real Estate
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Bachelor of Science in Economics – Top 10 Nationally Ranked University
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Concentrations in Finance and Management
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Current Role: $5B+ REIT
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Selected for internal promotion due to recognition of high performance
- Skilled Development Manager with expertise in large-scale, urban masterplans
- Led the vertical development of 3 Affordable Housing projects within a 20+ acre masterplan
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Responsible for financial analysis, pro-forma modeling, due diligence, construction management, leasing management, etc.
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Management consulting experience for 2 years prior to business school
Reference Quotes & Endorsements
“They are focused, hard-working and driven and is recognized as one of the rising stars in the organization. They were often sought out to work on new opportunities because of their superior analytical skills. They have the ability to successfully manage diverse teams both within and outside the company on account of their engaging personality and strong communication skills."
Affordable Housing Development
Senior Project Manager
OUR CLIENT
KM’s client is a leading provider of tax credit investments, asset management, and development services to the nation’s largest corporations and financial institutions, for-profit and nonprofit developers, property owners, and communities. This is a 2022 NMHC top 10 ranked Syndicator in terms of total Tax Credit Equity Raised to date since its inception and one of the largest owners of Affordable Housing in the country, with offices in almost a dozen states. Our client houses over 1 million residents with a current portfolio size of over 100,000 units. This company is mission aligned with business-savvy leadership and proven expertise in Affordable Housing. Our client is well-capitalized with multiple business lines, diversified products, and a long successful history of repeat investors, including Fortune 500 companies and thousands of institutional and retail multinational banks and insurance companies. The employee-centric and family-oriented culture is driven by a long-standing entrepreneurial spirit persisting throughout the organization. Leadership invests in the personal and professional growth of each team member, rewarding performance both financially and with growth opportunities and promotions we have seen first-hand over the past 5 years partnering with this client.
THE OPPORTUNITY
This is a growth opportunity for a driven, go-getter who has extensive experience underwriting complex deals on the East Coast, and any exposure to Historic and Adaptive Reuse projects is advantageous. Underwrite, structure, negotiate and close equity investments in Affordable Housing communities throughout the nation, utilizing state and federal Low Income Housing Tax Credits (LIHTC). This position will report to the VP of Underwriting and oversee and mentor an Assistant Project Manager.
SCOPE OF RESPONSIBILITY
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Analyze prospective projects to determine financial feasibility and run and manage projections that will ensure that the project’s yield is maintained at closing
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Assess market conditions, review, and analyze all third-party data (e.g., market studies, construction plan and cost reviews, Phase 1s, appraisal, etc.); and other due diligence provided for conformance to the client’s underwriting guidelines
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Underwrite the transaction by addressing the strengths and weaknesses of a transaction, including identifying how risks are managed
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Prepare investment package and present for Investment Committee approval
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Work closely with legal counsel and the VP of Underwriting to negotiate partnership agreements with Developers
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Work closely with the client’s Investor Relations team to place the transaction in an investment fund
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Manage expectations and relationships with developer clients throughout the underwriting and closing process
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Maintain and enhance existing and new relationships with the developer and investor partners
QUALIFICATIONS
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Proficient in Word, Excel, and financial modeling
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Highly motivated self-starter with attention to detail and the ability to manage multiple tasks and projects at the same time
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Well-developed analytical and problem-solving skills
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Strong verbal, written, and interpersonal communication skills and the ability to work well with others
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4-6 years of experience working with Low Income Housing Tax Credits
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Some travel will be required
EDUCATION
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Bachelor’s Degree in Business, Economics, Finance, Real Estate, or a related field
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Master’s Degree preferred
OUR FIRM
KM Partners is the only Executive Search & Professional Recruitment firm fully dedicated to Multifamily Affordable, Senior, and Workforce Housing, as well as Tax Credit Syndication and other Structured Finance throughout the US. We have established an unrivaled track record of repeat business and success recruiting in these dedicated practice areas, including 260+ placements across the US. We have placed over 30% of the teams for several companies, both in Multifamily, Affordable Housing Development, and LIHTC as well as other tax credit Syndication, that went on to grow to top 5 nationally ranked industry leaders in their respective business lines.