Self-Help has an opening for a Director of Real Estate in Durham, NC. The full job description is posted below. If you are interested in applying for this position, please submit a resume and cover letter to firstname.lastname@example.org. Please forward to anyone in your network who you feel might be interested!
Self-Help is a community development lender founded in 1980 that creates and protects ownership and economic opportunity for minority, women-headed, rural and low-wealth families through home and small business lending. It has provided over $5.6 billion in financing to help more than 64,000 low-wealth borrowers buy homes, start and build businesses, and strengthen community resources across the country. Self-Help’s affiliate, the Center for Responsible Lending, researches and advocates for state and national legislation to address predatory lending practices and policies.
Self-Help and the Center for Responsible Lending are national organizations based out of Durham, North Carolina with regional offices in North Carolina, Washington DC, and California. Nationally and internationally recognized as a leader in community development lending, Self-Help is one of twelve nonprofits featured in Forces for Good: The Six Practices of High Impact Nonprofits.
The Director of Real Estate directs and manages Self-Help’s commercial and residential investment portfolio, all related real estate development projects to include sales/lease, project oversight, asset management and facilities maintenance. The Director provides strategic leadership to the 13 member Real Estate Team.
Self-Help’s Real Estate Team develops, manages and sells commercial and residential properties, primarily in North Carolina. The current commercial development portfolio includes more than 600,000 square feet of completed office and retail space in 17 buildings throughout North Carolina and in Washington, DC. Self-Help renovates, owns and leases office space and focuses mostly on reviving old historic buildings located within city centers to catalyze downtown redevelopment. Self-Help often uses Historic and New Markets Tax Credits to finance its commercial redevelopment. The Real Estate commercial development professionals provide expertise in construction, leasing and property management while also engaging third party vendors when necessary. In addition, Self-Help’s commercial development team manages construction of Self-Help Credit Union retail facilities. The residential development focuses primarily on for-sale, single family home construction (new and rehab) in downtown neighborhoods in North Carolina. Currently, its efforts are being directed towards neighborhoods in Charlotte and Durham. It has sold or rented close to 200 homes and apartments in the past 15 years. These projects often include various outside partners (affordable housing developers, community organizations, municipalities, institutions) and require significant coordination for successful and effective implementation. The team’s residential development professionals provide expertise in construction, sales and project management as well as community outreach.
- Manage team of thirteen (13) real estate professionals engaged in both residential and commercial development
- Manage the creation of operating and development budgets for each project and the team as a whole. Prepare and analyze reports that track performance of each project and the team as a whole. Submit reports to senior management (EVP) and the board.
- Participate in community or other service programs to develop/maintain goodwill and effective networks.
- Develop and recommend plans for expansion of existing programs, operations, and financial activities.
Analyze and ensure compliance with government laws and regulations and Self-Help policies and procedures.
PROJECT DEVELOPMENT /PORTFOLIO MANAGEMENT
- Directly source new development projects through the development of a project concept and initial project feasibility and then transition direct management to a project manager.
- Manage project managers as they take existing or newly sourced projects from concept phase through execution (i.e. entitlement, design, financing, construction, and sale/lease-up) until the project is either sold or reaches stabilization.
- Directly manage and/or manage staff on any existing or future project financing.
- Oversee and direct staff involved in asset management, property management, maintenance, tenant satisfaction, lease administration, leasing, sales, acquisition, marketing, reporting to lenders and investors, budgeting, and performance monitoring.
RETAIL BRANCH DEVELOPMENT & MANAGEMENT
- In collaboration with the Retail Credit Union Team, coordinates facilities management for Self-Help Credit Union branches ensuring adequate coverage for the branches.
- Collaborate with local branch managers regarding acquisitions, lease negotiations and construction.
- Master’s degree in business administration, planning, public policy, law or a related field. (Experience in related field can be substituted for the advanced degree.)
- Minimum of five years of real estate development, management or finance experience, including supervision of staff.
- Demonstrated commitment to Self-Help’s mission of creating and protecting economic opportunity
- Knowledge of the economic and accounting principles and practices, the financial markets, banking and the analysis and reporting of financial data in order to prepare and analyze financial statements, operating projections, budgets and cash flows. Specific knowledge of the financing of affordable housing and commercial real estate development.
- Knowledge of and experience with HUD financing programs/products (HOME, CDBG, NSP), LIHTC, New Markets Tax Credits, and Historic Tax Credits a plus.
Experience with sale and or leasing of residential and/or commercial real estate a plus.
- Proficient in Microsoft Word, Excel and PowerPoint.
Frequently requires use of manual dexterity and repetitive motions, primarily with the wrists, hands, and/or fingers. Must be able to occasionally lift and exert force of up to 10 pounds.
Competitive nonprofit salary, based on experience, plus a generous benefits package.
To apply, please send resume and cover letter to email@example.com. Please include position title as subject of email.
Self-Help is committed to providing equal employment opportunities to all persons regardless of race, color, class, age, religion, disability that can be accommodated, marital status, ancestry, nationality, family status or sexual orientation.