Vice President of Real Estate

Are you excited by the world of LIHTC, PAB, NMTC, CLT, URA, IZ, OZ, and Net Zero? Do you want to help advance the mission of a unique nonprofit that is committed to equitable and sustainable development? Do you have the desire to be a part of an organization that is looking to double its $140M in community real estate investments over the next five years?

Urban Land Conservancy (ULC) is looking for a Vice President of Real Estate who brings a passion for affordable housing and nonprofit facility development and has an entrepreneurial spirit of getting deals completed.  The VP of Real Estate is responsible for site identification, contract negotiations and partner development, and ensures that all real estate transactions are completed in alignment with Assets, Finance, and Master Site as a part of ULC’s place based real estate mission. Fundamental to ULC’s work is using the Community Land Trust to ensure the developments on our land will be a permanently affordable.

Property/Site Acquisition

• Identify potential investment and development opportunities
• Coordinate and negotiate with seller, lenders, and other potential partners on the project/program requirements and financing requirements for the community asset
• Manage due diligence research and analysis investigation
• Oversee all pre-development activities, including the implementation of Net Zero development
• Ensure proper preparation and submission of financing applications to lenders and grant providers
• Negotiate and manage contracts and agreements with development partners
• Establish, maintain, and nurture effective relationships with development partners

Project Management

• Establish project development team
• Establish project goals in coordination with development partners
• Participate in site design and project design charrettes/meetings as appropriate
• Manage preparation and oversight of partner agreements
• Prepare and maintain project work plans, budgets, procurements, and schedules
• Secure project financing, including construction financing, and permanent financing
• Oversee legal compliance issues, lender requirements, construction phasing, and project close-out
• Review project budget, schedule, monthly cash flow and other activities
• Attend project team meetings with Project Manager, Leadership staff, and related support staff
• Serve as Owner’s Representative during construction/development
• Ensure compliance with federal/state/local regulations, as required 

QUALIFICATIONS

• Bachelor’s degree in real estate, finance, business, urban planning, architecture, or related field plus a minimum of 10 years of relevant experience or in place of degree, a minimum of 15 years of relevant experience
• Master’s degree in relevant field a plus
• Must have a minimum of three years’ supervisory experience
• Experience in real estate development, including negotiation of real estate contracts/ terms, and due diligence process e.g., title, survey, appraisal, inspections, environmental phase I and II
• Good understanding of finance, including NMTC for commercial/nonprofit facilities, affordable housing financing models, e.g., 9% LIHTC, 4% PAB, FLHB AHP, Tax Exempt Bonds, HUD insured programs

COMPENSATION

• Starting salary range is $120,000-$135,000 per year and is commensurate with depth of experience and overall qualifications
• 37.5-hour work week
• Health insurance – two plans offered; employees pay a portion of the monthly premium
• 100% employer paid dental and vision insurance, life insurance, AD&D, short- and long-term disability
• 401(k) after six months; 7% employer paid contribution (no match required)
• Paid time off; new employees accrue 15 days in the first year
• Nine paid holidays
• Flex Time
• Cost-of-living and performance based salary increases are given depending upon current policy; bonuses possible depending upon current policy

How to Apply: Send resume with cover letter to HRapplications@urbanlandc.org using Vice President of Real Estate as the subject.

Deadline to apply is Monday, March 15, 2021

The full job description may be found on our website at www.urbanlandc.org.