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Development Officer

Salary
Competitive
Employment
Full Time
Real Estate Field
Location
Atlanta
 GA
Postal Code
30326
Country
United States

This job is no longer active.

Description


Michaels Development Company/The Michaels Organization has a full time position available for a Development Officer. This position is located in Atlanta, Georgia.

The Michaels Organization is a national leader in residential real estate. We have been creating a legacy for more than four decades that can be summed up in one powerful phrase: “The World is a Better Place to Live Wherever we Build and Manage it.” At Michaels, we are continually striving toward a better future for our residents, the communities where they live, our partners, and our team. Through the years, our organization has grown and thrived and led innovation in every sector of residential real estate, but one thing has remained constant: our commitment to crafting development solutions for our partners and our dedication to creating communities that lift lives.

The individual in this position will use specialized knowledge and skills obtained through a combination of education and experience to assist in the acquisition of new real estate investments and the recapitalization of an existing affordable multi-family rental portfolio; and take on other tasks and projects related to the real estate development processes.

Job Details and Responsibilities:

Review and analyze development and operating budgets and pro formas, financial statements, environmental reports, market studies, appraisals and other third party reports to help determine project feasibility.

Compile detailed financing applications for various funding programs such as LIHTC, Tax-exempt Mortgage Revenue Bond, HOME, AHP and similar programs.

Research and prepare Transfer and Assumption Applications to conform to United States Department of Agriculture Rural Development Regulations.

Perform and coordinate full transaction due diligence and closing functions.

Interact with equity, title, lender, legal, construction, property management and third party vendors to ensure timely and efficient closing of transactions.

Research and analyze project data and prepare Preliminary Relocation Plans that will comply with  Federal Uniform Relocation Act, and the State of California (or applicable state) Health and Safety Codes.

Compile data and prepare New Property Information Forms and Developer Memorandums incorporating all applicable business terms and Development Team descriptions for corporate files; and Project Abstracts for District Office file.

Coordinate the formation of new limited partnerships and limited liability companies with legal; obtain associated Resolutions, Employer Identification and DUN’s numbers; and structure purchase and sale agreements.

Review and analyze preliminary title reports, project surveys, and local jurisdiction’s entitlement and permitting processes to determine project feasibility.

Make presentations to city councils, county boards and project residents; respond to comments and questions as appropriate.



Required Experience

Minimum of 2 to 4 years relevant acquisitions/underwriting/financing/closing/active real estate development experience required.

Experience with affordable housing finance and commercial real estate finance a plus.

Bachelor’s degree (Real Estate, Finance, Business Administration, Accounting, Economics or Law) or equivalent experience preferred.

 

Job Sector


 

Experience


2+ to 5 years


This job is no longer active.

Development Residential Atlanta Full Time GA Acquisitions, Development Development Officer other