Chief Development Officer

Franklin Companies; San Antonio (TX); On-site; USD 90,000 - 150,000; Full time

Job summary

An established industry player is seeking a Chief Development Officer to lead their development team. This pivotal role encompasses overseeing the entire development process, from site analysis and securing financing to managing post-closing activities. The ideal candidate will possess extensive experience in real estate development, particularly in multi-family projects, and demonstrate strong leadership and negotiation skills. Join a forward-thinking company committed to enhancing community living standards while driving successful development projects. If you're ready to make a significant impact in the real estate sector, this opportunity is for you.

Qualifications

• Minimum of ten years in real estate development with five years in a leadership role.
• Experience with Low Income Housing Tax Credits and FHA loan programs required.

Responsibilities

• Oversee all aspects of the development process from pre-development to post-closing.
• Manage the development team and coordinate with city officials for entitlements.

Skills

Real Estate Development

Leadership

Financial Analysis

Site Analysis

Negotiation

Education

Bachelor's Degree in Real Estate

Bachelor's Degree in Business Administration

Bachelor's Degree in Finance

Tools

Project Management Software

Job description

Franklin Companies is a fully integrated firm that provides the essential elements of development, construction, and management in a comprehensive and efficient manner for its partners and stakeholders. Franklin Companies succeeds at creating value for its investors while simultaneously improving the quality of life of its residents.

We are looking for an experienced development executive to join our team as Chief Development Officer.

This role will oversee our development team and be responsible for all aspects of the development process, including pre-development, development, closing, post-closing, and any asset management activities post-closing.

Qualifications / Education:

The ideal candidate will have a Bachelor's Degree in Real Estate, Business Administration, Finance, or a related field, with a minimum of ten (10) years of experience in real estate development, including at least five (5) years leading a development team. Experience in multi-family real estate development and related financing programs such as Low Income Housing Tax Credits, Tax-Exempt Bonds, and FHA loan programs is required. An equivalent combination of education and experience may be considered. Must possess a valid driver's license and meet company driving standards.

Interested candidates should submit a resume with contact information including telephone and email.

This role is not eligible for outside recruiters. Franklin does not accept unsolicited resumes from executive recruiters or placement agencies.

Franklin Companies is an Equal Opportunity Employer (EOE).

Pre-Development Responsibilities:

1. Finding and Analyzing Sites:
   • Land Contracts
   • Demand Analysis
   • Comparables / Rents
2. Reporting to Credit Committee:
   • Zoning
   • Site Planning
   • Entitlements
   • Site-specific Issues
3. TDHCA Process (Site, Application, Underwriting):
   • Community Meetings
   • Housing Authority Interaction / Relationship
   • Pre-Application Process
   • Government Support
   • Full Application Process
   • Soft Debt Commitment

Development Process:

1. Establish Schedule and Critical Dates
2. Lead Development Team in Weekly Progress Meetings
3. Coordinate with City / Obtain Entitlements

Closing Process:

1. Negotiate Term Sheets
2. Document Negotiation
3. Closing

Post-Closing Activities:

1. Investor Relations
2. Loan Conversions
3. Manage Equity Installments and Due Diligence
4. Execute Partnership Requirements (e.g., TDHCA)
5. Investor Reporting and Communication
6. Bank, HUD, and TDHCA Reporting

Asset Management / Post-Completion:

1. Monitor Property Performance and Coordinate Management
2. Refinancing Negotiations and Due Diligence

General Responsibilities:

1. Manage Development Team
2. Engage with Trade Organizations (TAAHP, NIC, etc.)