Sr. Real Estate Development Manager, Multifamily

BYU Pathway; Salt Lake City (UT); On-site; USD 115,000 - 155,000; Full time

Job summary

The Church of Jesus Christ of Latter-day Saints, Property Reserve, Salt Lake City, UT, seeks a Senior Development Manager, Multifamily to lead residential development from feasibility through stabilization. You will coordinate market analysis, site selection, due diligence, budgeting, entitlements, design, and construction oversight to ensure alignment with business plans and investor expectations.

Responsibilities include leading internal teams and external partners, budgeting, risk management,

Qualifications

• Bachelor's degree required in real estate, finance, business, construction management, engineering, architecture, urban planning, or related field.
• MBA, MRED, MSRE or other related advanced degree preferred.
• Minimum of 8 years of progressively responsible commercial real estate development experience with significant exposure to multifamily/build-to-rent/residential projects.
• Experience managing institutional-quality multifamily or build-to-rent projects across multiple jurisdictions preferred.
• Strong understanding of residential development economics, real estate finance, capital markets, market analysis, financial modeling, investment underwriting, and development processes.
• Proven ability to identify, evaluate, and execute profitable development opportunities.

Responsibilities

• Define and implement the Company's residential development strategy, focusing on multifamily and build-to-rent opportunities.
• Evaluate and pursue new residential development opportunities through market research, financial analysis, site feasibility, and due diligence.
• Lead projects from acquisition through stabilization, maintaining accountability for budget, schedule, scope, and risk.
• Coordinate land planning, architecture, engineering, permitting, entitlements, and approvals while managing risks.
• Manage development partners, consultants, architects, engineers, contractors, and internal teams to deliver on time and to quality.
• Review budgets, change orders, schedules, and major project risks; prepare investment updates for executives and boards.
• Monitor market trends and negotiate development agreements, consultant contracts, and related documents.
• Support portfolio initiatives, reporting improvements, and development best practices.
• Provide mentorship and leadership to the development team; handle other duties as assigned.

Skills

Analytical skills

Quantitative skills

Negotiation

Communication

Leadership

Collaboration

Relationship-building

Prioritization

Travel willingness

Education

Bachelor's degree in Real Estate, Finance, Business, Construction Management, Engineering, Architecture, Urban Planning, or related field

MBA/MRED/MSRE or related advanced degree

Job description

Salt Lake City, UT, United States (On-site)

Hot Job

To meet the needs of the Church, we seek to build teams that represent the diverse perspectives, broad life experiences and backgrounds of our global Church membership. With that in mind, we encourage all qualified applicants to apply.

Job Description

At Property Reserve, our people, values, and work come together to build something greater. Property Reserve is the real estate investment arm of the reserve funds for The Church of Jesus Christ of Latter-day Saints. In the spirit of time-tested self-reliance principles, Property Reserve creates sustainable cashflow for future needs.

As caretakers of sacred funds, we invest in income-generating properties and land to support the Church’s mission. Our focus is on the acquisition, build-to-hold development, and portfolio level management of office, industrial, multi-family, build-to-rent, hospitality, and retail properties.

Property Reserve provides a diverse range of investment experiences, interacting with a seasoned leadership team. Working in a highly collaborative environment, each Property Reserve team member has the chance to contribute meaningfully and frequently to the company culture. Headquartered in downtown Salt Lake City, we offer a locale with a unique blend of world-class outdoor recreation, a thriving culture & arts scene, and diverse housing options with convenient commutes

The Senior Development Manager, Multifamily leads the successful execution of multifamily, build-to-rent, and other residential development projects from initial feasibility through stabilization. This role is responsible for coordinating market analysis, site selection, due diligence, underwriting, entitlements, design, budgeting, scheduling, construction oversight, risk management, and project reporting to ensure projects are delivered consistent with approved business plans, investment objectives, scheduled turn over projections, and owner expectations.

The Senior Development Manager contributes to residential investment strategy and creates value through disciplined execution, clear decision-making, risk management, and leadership of internal teams, development partners, consultants, contractors, municipalities, and other stakeholders.

Responsibilities

• In collaboration with senior leadership, help define and implement the Company's residential development strategy, with particular focus on multifamily and build-to-rent investment opportunities.

Evaluate and support the pursuit and execution of new residential development opportunities through market research, financial analysis, site feasibility, and due diligence.

Lead projects from acquisition through stabilization, maintaining clear accountability for budget, schedule, scope, risk, quality, investment performance, and alignment with approved business plans.

Coordinate land planning, architecture, engineering, permitting, entitlements, utility coordination, municipal approvals, and community engagement while resolving key entitlement, design, construction, and financial risks.

Manage development partners, consultants, architects, engineers, contractors, and internal project teams to protect owner interests, coordinate execution, and deliver projects on time and to quality expectations.

Review and evaluate project budgets, change orders, contingency use, pay applications, project schedules, and major project risks.

Prepare and review financial models, budgets, return analyses, investment recommendations, and executive updates, reports, and review board-level materials that clearly identify key decisions, risks, costs, schedule impacts, and recommended next steps.

• Monitor market trends, demographic shifts, competitive developments, construction costs, and economic conditions impacting residential investment opportunities.
• Negotiate development agreements, consultant contracts, and other project-related documents.

Support portfolio-level initiatives, strategic projects, process improvements, including standardized reporting, consultant management, budget controls, project risk tracking, and by establishing development best practices, process improvements, and operational efficiencies.

• Provide mentorship, guidance, and work direction to other members of the development team as assigned.
• Perform other essential duties as assigned.

Qualifications

• Member of The Church of Jesus Christ of Latter-day Saints and currently temple worthy.
• Bachelor's degree in Real Estate, Finance, Business, Construction Management, Engineering, Architecture, Urban Planning, or related field required.
• MBA, MRED, MSRE, or other related advanced degree preferred.
• Minimum of 8 years of progressively responsible commercial real estate development experience with significant exposure to multifamily, build-to-rent, single-family rental, or residential land development projects.

Experience managing institutional-quality multifamily or build-to-rent projects across multiple jurisdictions preferred.

• Demonstrated experience managing projects through acquisition, entitlement, design, construction, and delivery.

Strong understanding of residential development economics, real estate finance, capital markets, market analysis, financial modeling, investment underwriting, project pro formas, development budgeting, construction practices, and entitlement processes.

• Proven ability to identify, evaluate, and execute profitable development opportunities.

Strong analytical, quantitative, problem-solving, negotiation, communication, presentation, leadership, collaboration, relationship-building, and prioritization skills.

Strong work ethic, entrepreneurial mindset, attention to detail, sound judgment, ability to influence across teams, and commitment to excellence.

• Ability and willingness to travel as required.

(PR/IP)

About Us

Church employees find joy and satisfaction in using their unique talents and abilities to further the Lord’s work. From the IT professional who develops an app that sends the gospel message worldwide, to the facilities manager who maintains our buildings— giving Church members places to worship, teach, learn, and receive sacred ordinances—our employees seek innovative ways to share the gospel of Jesus Christ with the world. They are literally working in His kingdom.

Only members of the Church who are worthy of a temple recommend qualify for employment. Apart from this, the Church is an equal opportunity employer and does not discriminate in its employment decisions on any basis that would violate U.S. or local law.

Qualified applicants will be considered for employment without regard to race, national origin, color, gender, pregnancy, marital status, age, disability, genetic information, veteran status, or other legally protected categories that apply to the Church. The Church will make reasonable accommodations for qualified individuals with known disabilities.

• Job Identification 378115
• Posting Date 09/17/2026, 08:18 PM
• Locations 51 S Main St, Salt Lake City, UT, 84111, US (On-site)
• Job Schedule Full time
• Regular or Temporary Regular
• Worker Type Employee
• Number of Openings 1
• Worthiness Qualification Must be a member of The Church of Jesus Christ of Latter-day Saints and currently temple worthy.
• Posting Notice/More Info Please note that this job posting may close at any time without prior notice. Find out more about the many benefits of Church Employment at https://careers.churchofjesuschrist.org.