Real Estate Development Manager

Based in Dubuque, Iowa, Gronen specializes in industrial, new construction, build to suit, and historic rehabilitation projects. With a deep commitment to community-driven development, Gronen has played a key role in the revitalization of their community’s urban core, creating dynamic mixed-use spaces, and fostering significant economic growth. The company’s expertise spans from commercial and residential projects to comprehensive neighborhood redevelopment efforts that balance historic integrity with modern innovation.

Position Summary

The Real Estate Development Manager is responsible for managing the development process, primarily focused on identifying, analyzing, and advancing new development opportunities. This individual would oversee acquisitions, site plans, public approvals, project development, marketing, and leasing responsibilities. The Real Estate Development Manager is expected to work independently and effectively collaborate with the development team. Additional responsibilities include supporting senior staff in managing lender and investor relations; producing progress reports and analysis; maintaining development budgets and schedules; and processing development draws.

Core Responsibilities

• Analyze potential properties to purchase, including producing proformas and creating written project documents, coordinate due diligence activities, analyze the rental sub-market, and lead the real estate team
• Work with team members to prepare responses to requests for proposals and solicitations for bids by collaborating on the creative concept, analyzing the economics and financing structure, and preparing proposal materials
• Manage preparation of debt and equity financing applications for each assigned development
• Prepare development budgets and pro forma operating budgets and manage the development budget throughout the development process to ensure balanced sources and uses, and achievement of revenue goals
• Coordinate and present at resident and community meetings
• Manage the entitlement/zoning and permitting processes, and related community input and approval processes
• Review and negotiate draft loan and partnership documents and manage the financial closing on each assigned development; coordinate with federal, state and local government agencies, ensuring that all financing and government regulations are met and required approvals obtained
• Manage and maintain development schedules to ensure timely completion of development milestones including closing
• Coordinate the work of professional consultants comprising the development team, schedule development team meetings, and review consultant reports
• Work closely with internal or third-party design and construction management staff (as applicable), third-party design professionals and general contractors to generate and refine development plans to produce high quality communities that are both responsive to the needs of residents and communities and are financially feasible
• Coordinate construction matters with the internal and/or third-party construction manager (as applicable) to complete construction on budget and schedule
• Monitor marketing lease-up process to meet or exceed lease-up goals
• Oversee timely completion of close-out process
• Prepare quarterly updates and Board approval materials
• Participate in industry associations and forums as a brand ambassador for Gronen
• Perform all other duties as assigned

Qualifications and Skills

• Bachelor’s degree and/or 3-5 years of development experience required; MBA/MS, MURP/MCP or similar preferred
• Experience with all aspects of the real estate development process, from acquisition and financing through design and construction to stabilization required; at least two years of affordable rental housing development experience preferred
• Experience with complex, multi-layered real estate financing
• Knowledge of land use, public financing and real estate development regulations
• Comfortable with public speaking and community presentations
• Experience managing developments under deadlines that required the organizing of multiple tasks and objectives.
• Applicant must have skills and experience in negotiating acquisitions and financing commitments.
• Proficiency with Word and Excel is required; proficiency with MS Project and PowerPoint is preferred
• Good decision-making skills, sound judgment, and problem-solving approach
• Ability to take initiative and with confidence

Base pay of $45,000-$60,000 plus commissions

Job Type: Full-time

Pay: From $45,000.00 per year

Benefits:

• 401(k)
• 401(k) matching
• Dental insurance
• Health insurance
• Life insurance
• Paid time off
• Retirement plan

Schedule:

• 8 hour shift
• Monday to Friday
• Weekends as needed

Experience:

• Real Estate: 3 years (Preferred)

Ability to Commute:

• Dubuque, IA (Preferred)

Ability to Relocate:

• Dubuque, IA: Relocate before starting work (Preferred)

Work Location: In person

Salary : $45,000 - $60,000