Development Manager

Job Description

Job Description

Development Manager (Multifamily Real Estate)

Position Overview

Bonaventure is seeking a highly capable Development Manager to take a leadership role in the execution of multifamily development projects from inception through stabilization. This individual will serve as the primary owner of assigned projects, responsible for driving all aspects of the development process and ensuring successful delivery aligned with business objectives.

This is not a support role—we are looking for someone who can take full accountability for project outcomes, lead cross-functional teams, and proactively solve problems across the entire lifecycle of development. About Bonaventure

Bonaventure is a vertically integrated real estate investment, development, and asset management firm focused on multifamily communities across the Mid-Atlantic and Southeast. The firm has developed, acquired, and managed a diverse portfolio of high-quality assets and is known for its disciplined investment approach, operational expertise, and long-term ownership mindset.

Key Responsibilities

Project Leadership & Ownership

• Serve as the project lead for assigned developments from site selection through stabilization
• Establish and drive project business plans including schedule, budget, and strategy

Cross-Functional Leadership

• Coordinate architects, engineers, consultants, contractors, and internal stakeholders
• Act as central decision-maker ensuring alignment across teams

Financial & Strategic Oversight

• Own development underwriting, market research, and schedules
• Drive cost control, value engineering, and financial performance
• Work with our internal debt team to complete financing applications and secure loan commitments – usually with HUD.

Due Diligence & Rezoning

• Lead due diligence phase
• Manage municipal and community engagement processes as part of rezoning
• Travel throughout Virginia as needed for project meetings and public hearings
  

Capital & Stakeholder Management

• Interface with lenders, equity partners, and leadership
• Internal and external monthly project reporting
• Regular presentations and updates at Investment Committee

Design & Construction Leadership

• Oversee design development to ensure alignment with project vision, market positioning, and financial goals
• Lead efforts to obtain design approvals and permits
• Facilitate GC pricing and value engineering efforts, leading to a final construction cost
• Provide hands-on oversight during the construction phase, including regular site visits
• Review and approve pay applications, change orders, and contractor requisitions
• Partner closely with general contractors to resolve field issues and maintain momentum

Risk Management

• Identify risks early and implement solutions
• Maintain project momentum through problem-solving

Qualifications

• 5–10+ years of relevant experience
• Proven ability to lead projects through full lifecycle
• Strong financial and construction knowledge
• Experience managing contractors and consultants
• Strong leadership and communication skills
• Bachelor’s degree required; advanced degree preferred

Key Traits

• Ownership mentality
• Leadership presence
• Strong work ethic
• Decisiveness
• Execution focus
• Strong communicator
• Experience with HUD financing a plus

Compensation & Benefits

• Competitive base salary + bonus
• Promote/carry opportunity
• Comprehensive benefits

Location

• DC Metro or Richmond Metro area