Responsible and accountable for creating new apartment opportunities (new construction and acquisitions) in an assigned territory for the company. This includes deal generation and coordinating all aspects of the pre-development and zoning process.
ESSENTIAL DUTIES AND RESPONSIBILITIES:
Lead the pre-development process which includes, but is not limited to, market and site identification, contract negotiations, zoning / rezoning, deal structuring and underwriting, relationship building / management with both internal and external partners, etc.
Determine market and financial feasibility of new real estate opportunities
Perform, coordinate and / or lead pre-development work such as preliminary architecture and site design, zoning issues, and local government support
Calculate financial feasibility of proposed developments including pro forma analysis, profitability analysis, and internal rate of return analysis
Prepare and submit financing packages including: Low-Income Housing Tax Credit, Tax Exempt Bond, HOME, CDBG, FHLB / AHP grants, construction and permanent financing, and equity syndication or other appropriate funding sources
Coordinate with other departments in order to successfully generate a pipeline of deals
Distribute information to construction, management and accounting staff when appropriate
Other duties as assigned
QUALIFICATIONS/SKILLS & KNOWLEDGE REQUIREMENTS
Must live in Kansas or Oklahoma
Bachelor's degree (B.A./B.S.) or equivalent
5 - 10+ years of experience
Must have multifamily development experience
Section 42 low income housing tax credit experience preferred
Travel - Must be willing to travel up to 40 - 60% of the time.
Herman & Kittle Properties, Inc. - 17 months ago