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Real Estate Development Manager

$140,000 - $160,000 per week

Propel Recruitment LLC

Project ManagerA well-established Bay Area real estate investment and development firm is seeking a Project Manager to join its Peninsula-based team.This is a unique opportunity for a real estate professional who enjoys working across both the analytical and execution sides of the business. The role will support both acquisitions and development, providing exposure across the lifecycle of a real estate investment, from evaluating and underwriting potential opportunities through planning, entitlement and development execution.Depending on current deal activity and the individual's background, the role may lean more heavily toward acquisitions at times and development at others. The ideal candidate will be equally interested in getting into the spreadsheets and modeling as they are in understanding plans, working through project details and helping move a development forward.What You'll DoSupport the evaluation and underwriting of potential real estate acquisitions and development opportunitiesBuild and analyze financial models, pro formas and investment scenariosUtilize ARGUS and Excel to evaluate opportunities, returns and project economicsParticipate in due diligence and help identify potential investment and development risksSupport projects through various stages of planning, entitlement, design and developmentReview plans, budgets, schedules and other project-related materialsWork cross-functionally with internal team members and external partners, consultants and stakeholdersAssist with presentations, recommendations and materials used to support investment and project decisionsTrack project progress, financial performance and key milestonesGain meaningful exposure to both the investment decision-making process and execution of real estate projectsWhat We're Looking ForExperience within Residential/Multi-Family real estate acquisitions, development, investments, asset management or a related disciplineStrong financial and analytical capabilities, including experience with real estate financial modelingWorking knowledge of ARGUSExposure to development, entitlement, construction or project execution is highly valuedAbility and interest in operating across both the quantitative and hands-on sides of real estateStrong communication skills and the ability to work collaboratively across multiple teams and disciplinesA proactive, team-oriented approach with an interest in continuing to broaden your real estate experienceWhy This OpportunityThis is a unique opportunity to join an experienced, highly collaborative real estate team and gain exposure beyond a traditional acquisitions or development role. You'll have the opportunity to work alongside people who genuinely enjoy what they do and value working together, while contributing to meaningful projects and the continued growth of the portfolio.Rather than staying on one side of the investment lifecycle, you'll gain exposure from initial evaluation and underwriting through planning, development and execution. For someone looking to broaden their real estate experience while joining a team with strong tenure, expertise and a genuinely positive culture, this is a particularly compelling opportunity.Location: PeninsulaSchedule: Four days per week in officeCompensation*: $140-160K base salary, plus bonus potential*This compensation range is a good faith estimate of the expected wage range you can expect to be paid upon hire.

Vacancy posted 11 hours ago
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