Transit Real Estate & Joint Development Manager

Northern Illinois Transit Authority (NITA); Chicago (IL); Hybrid; USD 98,000 - 126,000; Full time

Benefits offered by this job

Pension plan or 401(k) salary match

401(k) and/or 457 plan options

Hybrid work environment

Transit benefits

Twelve paid holidays and one floating

Competitive personal leave package

Parental leave

Flexible Spending Account

Public Service Loan Forgiveness (PSLF)

Employee Assistance Program

Job summary

Northern Illinois Transit Authority (NITA) seeks a Division Manager/Manager, Real Estate & Joint Development to lead the new Joint Development program and oversee the Real Estate division. You will negotiate acquisitions, leases, and land sales, coordinate with Service Boards, municipalities, and developers, and drive project budgets and financing strategies.

You will supervise staff, develop partnerships with municipalities and transit boards, and ensure compliance with regulations, reporting,

Qualifications

• The knowledge, skills, and abilities equivalent to the completion of a Bachelor’s Degree in Business Administration, Public Administration, Real Estate, Civil Engineering, or a related field required.
• Professional certifications or other designations are preferred, such as a Real Estate Broker license, Project Management Professional (PMP), Certified Property Manager or (CPM).
• Master’s Degree is a plus.
• Division Managers must have seven (7) to ten (10) years’ experience and Managers must have four (4) to six (6) years’ experience in real estate development, urban planning, local land use regulations, transit-orientated development, or public sector procurement.
• Must have a minimum of three (3) years of demonstrated supervisory/management experience.
• Experience working with similar joint development programs at other transit agencies is highly desirable.

Responsibilities

• Lead the establishment and roll-out of NITA’s Joint Development program in coordination with the transit-supportive development team and agency leadership.
• Serve as primary point of contact for questions regarding the Joint Development program, municipal partnerships and unsolicited proposals.
• Act as primary liaison between municipal representatives, Service Boards, private developers and municipalities regarding the Joint Development program.
• Work with legal counsel to negotiate contracts and agreements with Service Boards, private developers and municipalities.
• Plan, direct, integrate and monitor the planning, predevelopment, competitive offerings and evaluation and selection of developers for negotiations and project development work.
• Develop project budgets and financing structures, including conducting financial analyses, site due diligence, market value assessments and feasibility of new projects using innovative financing sources.
• Manage project timelines for joint development initiatives. Ensure all phases from planning through execution are completed according to schedule and within approved budgets, proactively identifying and resolving delays to keep real estate projects on track.
• Ensure compliance with all regulatory reporting outlined within the NITA act and required by other state/federal agencies.
• Oversee risk management plan for managing real estate properties.
• Foster a work culture that’s focused on achieving measurable objectives by coaching staff, strengthening interagency relationships, and supporting your team. Supports the Agency’s Equal Employment Opportunity policies, goals and objectives.
• Perform other duties and assist in special projects as required or assigned.

Skills

Strategic leadership

Collaboration

Communication

Multi-Tasking

Negotiation

Education

Bachelor’s degree in Business Administration

Bachelor’s degree in Public Administration

Bachelor’s degree in Real Estate

Bachelor’s degree in Civil Engineering

Master’s degree

Real Estate Broker license

Project Management Professional (PMP)

Certified Property Manager (CPM)

Job description

Northern Illinois Transit Authority (NITA) seeks a Division Manager/Manager, Real Estate & Joint Development to lead the new Joint Development program and oversee the Real Estate division. You will negotiate acquisitions, leases, and land sales, coordinate with Service Boards, municipalities, and developers, and drive project budgets and financing strategies.

You will supervise staff, develop partnerships with municipalities and transit boards, and ensure compliance with regulations, reporting,