Manager, Investments (Development)

Regency Centers; Bethesda (MD); On-site; USD 175,000 - 190,000; Full time

Benefits offered by this job

Health Insurance

401(k) with company match up to $5,000

Anniversary stock grants up to $1,000

Volunteer Time Off (52 hours/year)

Job summary

Regency Centers in Bethesda, MD seeks a Manager, Investments (Development) to drive development from sourcing to delivery. This role partners with internal teams and external resources to advance projects through planning, entitlements, design, and construction while evaluating market opportunities and financial metrics.

The successful candidate will have a Bachelor's degree and at least four years in commercial real estate development, leasing, or brokerage, with strong local market knowledge

Qualifications

• Bachelor's degree in Business, Communications, Engineering, Planning, or related discipline from an accredited institution.
• At least four (4) years of related work experience in commercial real estate to include development, leasing or brokerage work
• Extensive local market knowledge and local business network contacts
• Development, construction, leasing, due diligence, and underwriting and/or financial modeling experience
• Knowledge of development fundamentals including the process, underwriting, design, entitlement, construction, and project management
• Intermediate proficiency with MS Office including Word, Excel, PowerPoint and Outlook as well as AI
• Intermediate spreadsheet and financial analysis skills
• Ability to travel within the region

Responsibilities

• Support the Investments Team in identifying acquisition and development opportunities and outreach to prospects.
• Assist with development and redevelopment of shopping centers by supporting day-to-day development processes.
• Coordinate with internal teams and manage external resources through project planning.
• Define entitlement paths and interface with government agencies for approvals.
• Provide analytical support in market evaluations, anchor tenant assessments, land use and cost estimation.
• Assist operations on projects requiring development expertise.
• Develop and maintain industry relationships with tenants, brokers, JV partners, etc.
• Pursue other special projects as needed

Skills

Market knowledge

Financial modeling

Underwriting

Leasing

Development fundamentals

MS Office / AI

Travel flexibility

Analytical skills

Communication skills

Education

Bachelor's degree in Business/Communications/Engineering/Planning

Master's degree in Real Estate Development / MBA (Finance) (preferred)

Tools

MS Office (Word, Excel, PowerPoint, Outlook)

Adobe Acrobat

Bluebeam

AI tools

Job description

About this Opportunity

At Regency Centers, our people are our greatest asset, and we believe that our highly skilled and talented team makes us better. We are seeking a Manager, Investments (Development), to join our regional office in Bethesda, Maryland. The Manager of Investments (Development) will be involved in all aspects of the development process including deal sourcing, networking, acquisition, underwriting, zoning/entitlements, design, permitting, construction, leasing negotiation and delivery. This individual will be responsible for supporting the team in making daily advancement of development projects and will encounter a variety of roles.

What You'll Be Doing

• Support the Investments Team in all aspects of their daily job responsibilities, including identifying potential acquisition and development opportunities and conducting outreach to prospects through research, cold-calling, attending networking events, etc.
• Assist with the development and redevelopment of shopping centers by supporting the managing the day-to-day development process.
• Work with internal teams and manage external resources throughout the project planning process.
• Define the entitlement path and interface with governmental agencies to obtain approvals.
• Provide analytical support in market evaluations, anchor tenant evaluations, land use and cost estimating.
• Assist operations department with projects that require development expertise.
• Develop and maintain industry relationships (e.g., with tenants, brokers, joint venture partners, etc.).
• Other special projects as necessary.

Are You Qualified

Required

• Bachelor's degree in Business, Communications, Engineering, Planning, or related discipline from an accredited institution
• At least four (4) years of related work experience in commercial real estate to include development, leasing or brokerage work
• Extensive local market knowledge and local business network contacts
• Development, construction, leasing, due diligence, and underwriting and/or financial modeling experience
• Knowledge of development fundamentals; including the process, underwriting, design, entitlement, construction, and project management
• Intermediate proficiency using a personal computer and with MS Office software including Word, Excel, PowerPoint and Outlook as well as AI
• Intermediate spreadsheet and financial analysis skills
• Ability to travel within the region

Preferred

• Master's Degree in Real Estate Development, MBA with Finance and real estate courses, or related field
• Membership in and actively attends local events with industry organizations (e.g., ICSC, ULI)
• Strong knowledge of commercial real estate and retail industries
• Intermediate proficiency using Adobe Acrobat or Bluebeam

Personal Traits We Value

• Strong organizational and project management skills
• Strong attention to detail and sense of urgency
• New business development, negotiation, cold-calling, and follow-up skills
• Self-motivated with a go-getter mentality, able to work independently, yet also able to collaborate with a team
• Analytical with quality decision making skills
• Strong communication skills (interpersonal savvy, presentation skills, precise verbal & written communication)
• Profit mentality with a drive for results
• Operates with sense of integrity and can maintain high level of professionalism

A Little Bit About Us

We own and operate premier shopping centers in suburban neighborhoods in the top cities and markets across the country. We live by a strong set of values, which have guided us for more than 60 years.

Our centers thrive with highly productive grocers, restaurants, service providers, and terrific retailers that connect to their communities and customers. We are also active developers of new shopping centers that feature great merchandising, placemaking, and customer engagement as part of our Fresh Look program.

We are a vertically integrated real estate company and a qualified real estate investment trust (REIT) that is self-administered, self-managed, and an S&P 500 Index member. Learn more about us at RegencyCenters.com.

Benefits

Our compensation and benefits package is very competitive and includes the following benefits and more. For additional information visit www.regencycenters.com/careers.

Work/Life Balance

• 23+ PTO days annually
• 11 paid holidays (in addition to PTO)
• Paid leave programs (parental, compassion, bereavement, jury duty, and military)
• Health Advocacy + Employee Assistance Program (EAP)

Financial Security

• 401(k) with a generous company match of up to $5,000 annually plus corporate profit sharing
• Anniversary stock grant awards of up to $1,000
• Health Savings Account (HSA), Health Care FSA, and Dependent Care FSA
• 100% company paid Life Insurance/AD&D and Disability Insurance
• Voluntary benefits (supplemental life/AD&D, critical illness, accident, hospital indemnity, and identity theft)
• Student loan repayment resources

Health and Wellness

• Medical, Dental and Vision Insurance
• Award winning and incentives-based wellbeing program through Personify Health
• Family planning, mental health, and pain management programs

Community Focused

• 52 hours per year of paid Volunteer Time Off
• Company gift matching

Growth and Development

• Tuition reimbursement
• Continued education opportunities
• LinkedIn Learning premium subscription
• Professional membership support
• Employee Resource Groups

*Regency Centers is an equal opportunity employer. Qualified applicants will receive consideration without regard to age, race, color, religion, sex, gender identity, sexual orientation, disability, national origin, or protected veteran status. Applicants are encouraged to confidentially self-identify as to disability and/or protected veteran status when applying. Employment is contingent upon successful completion of background investigation. Regency Centers is a smoke-free and drug-free workplace. Pre-employment drug screening is required. No recruiters or agencies without a previously signed contract. Only candidates whose profiles closely match requirements will be contacted during this search.

*Maryland Residents: Regency Centers carefully considers multiple factors to determine compensation, including a candidate's education, training, and experience. The Maryland hiring salary range for the Manager, Investments (Development) position is between $175,000 and $190,000 annually. The base salary is just one component of the total rewards package offered to our employees, including eligibility for a 20% target bonus opportunity. The compensation that is offered to a successful candidate will depend on the candidate's skills, qualifications, and experience.