Development Manager

Path Construction; Chicago (IL); On-site; USD 100,000 - 130,000; Full time

Benefits offered by this job

Bonus Plan

401(k)

PTO

Certification Training

Health, Dental, Vision Insurance

Job summary

Path Construction is seeking a Development Manager to spearhead its development strategy across multiple states. The role involves leading planning, identifying new project opportunities, and ensuring budgets and timelines are met. Ideal candidates will have over 5 years of real estate development experience, preferably in multifamily or medical sectors. Benefits include a competitive salary range of $100,000 - $130,000, bonus plans, and comprehensive health insurance.

Qualifications

• 5+ years of real estate development experience.
• Experience in multifamily, medical, educational, or industrial development preferred.
• Dynamic verbal and written communication skills.

Responsibilities

• Lead development planning and strategy.
• Locate and pursue development opportunities.
• Negotiate contracts and agreements.

Skills

Real estate development

Communication skills

Analytical skills

Real estate finance concepts

Job description

Path Construction is looking for a Development Manager to lead the execution of the company’s development and new construction strategy, identifying and managing projects across Illinois, Tennessee, North Carolina, and Arizona. Path is a rapidly growing general contractor headquartered in Arlington Heights, IL with projects and offices throughout the country. Founded in 2008, Path Construction provides a vast array of construction services. Our expertise is very diverse and includes experience on small and large projects of many different types, including but not limited to: healthcare, higher education, multi-family, hospitality, retail, self‑storage, senior living, transportation, water and waste treatment, convention centers, laboratories, correctional, and institutional. The main philosophy and strategy for the growth of our organization is to be on the cutting edge of all aspects of the construction process. Additionally, our unmatched customer satisfaction and most importantly, the development and quality of our people drive our success.

Responsibilities

• Leading Development planning and strategy
• Locating and pursuing development opportunities
• Review and analysis of development project opportunities
• Develop pro formas
• Work with the Managing Director of Finance in project financing, and review and provide progress updates on project opportunities, construction and lease‑up
• Manage the pre‑entitlement process
• Ensure pro‑forma development budgets and schedules are met
• Negotiate or assist in the negotiation of contracts, term sheets, loan documents and joint venture agreements
• Manage third‑party consultants to identify, entitle, design, finance, lease, manage and dispose of new development projects
• Develop and analyze funding options and strategies
• Source new development opportunities through developing and maintaining relationships with key stakeholders including brokers, land sellers, equity partners and lenders to identify feasible, financeable and profitable new initiatives

Qualifications

• 5+ years of real estate development experience
• Deep and broad experience in multifamily, medical, educational or industrial development is preferred
• Dynamic verbal and written communication skills and strong interpersonal abilities
• Strong analytical and quantitative skills
• High proficiency with real estate underwriting and real estate finance concepts

Benefits

• Annual Salary Range: $100,000 - $130,000
• Bonus Plan
• 401(k)
• PTO
• Certification Training
• Health, Dental, Vision, Life, Long-Term and Short-Term Disability Insurance
• Company cellphone and computer
• Financial and Mental Health Support through a third party
• Travel and Entertainment Discount Program