What does a Development Manager do?

Development Managers are responsible for the progress and procurement of new ground-up and redevelopment projects. They manage these projects from conception through to completion.

The key duties of a Development Manager involve the management of the project after land acquisition, handling any planning issues, and overseeing progress through the technical, legal, and financial stages of the development. As part of this, the Development Manager will be tasked with performing due diligence on new land opportunities, reviewing and advising on redundant land in terms of redevelopment potential, and providing technical advice throughout the design process, liaising with architects, engineers, consultants, and local authorities.

Development Manager Responsibilities

  • Analyze potential properties to purchase, including producing proformas, creating written project documents, and coordinating due diligence activities.
  • Work with team members to prepare responses to requests for proposals and solicitations for bids by collaborating on the creative concept, analyzing the economics and financing structure, and preparing proposal materials.
  • Manage preparation of debt and equity financing applications for each assigned development.
  • Prepare development and budgets and operating budgets.
  • Manage the entitlement/zoning and permitting processes, and related community input and approval processes.
  • Review, negotiate, and draft loan and partnership documents and manage the financial closing on each assigned development project.
  • Work with local government agencies, ensuring that all financing and government regulations are met and required approvals are obtained.
  • Manage and maintain development schedules to ensure timely completion of development milestones including closing.
  • Coordinate the work of professional consultants, architects, and engineers, schedule development team meetings, and review consultant reports.
  • Coordinate construction matters with the internal and/or third-party Construction Manager (as applicable) to complete construction on budget and schedule.
  • Oversee timely completion of close-out process.

Development Manager Qualifications

  • Bachelor’s degree and at least 3 years of real estate development experience required.
  • Experience with all aspects of the real estate development process, from acquisition and financing through design and construction, to stabilization.
  • Knowledge of land use, public financing, and real estate development regulations.
  • Comfortable with public speaking and community presentations.
  • Experience managing development projects under deadlines that required the organizing of multiple tasks and objectives.
  • Skills and experience in negotiating acquisitions and financing commitments.
  • Proficiency with Microsoft Office.
  • Good decision-making skills, sound judgment, and problem-solving approach.
  • Ability to take initiative with confidence.

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