{"schemaVersion":"jobsearcher.job.v1","id":"b0a779fa3c24b38e1ef7dcd8","url":"https://jobsearcher.com/jobs/b0a779fa3c24b38e1ef7dcd8","canonicalUrl":"https://jobsearcher.com/jobs/b0a779fa3c24b38e1ef7dcd8","title":"Developer","description":"Overview:\n\nThe position assumes full responsibility for the successful completion of multi-faceted real estate development projects – both market-rate and affordable - from inception through construction completion and lease-up. This individual is responsible for the strong leadership of an in-house team of Associate Developers, Assistant Developers and Administrative Assistants. This individual simultaneously assembles and manages an external team of financiers, architects, designers, engineers and contractors. Each developer simultaneously coordinates multiple projects in varying stages of development. This position demands strong financial skills, creative thinking, leadership, and effective communication.\n\nPay range:$130,000 - $140,000/year + bonus depending on experience.\n\nThis position is eligible for an uncapped performance-based bonus program tied to individual and company results.\n\n#IND123\n\nResponsibilities:\nIdentification and evaluation of real-estate development opportunities\nDetermination of the financial feasibility for a viable project\nDetermination of the suitability of a site\nDirect report to Pennrose Properties Chief Financial Officer for predevelopment expenditures expectations, development cash-flow, and development capital requirements\nDrafting and finalizing multiple, professional RFPs and RFQs\nEstablishing strong public private partnerships\nDelivery of professional Powerpoint presentations before both large and small groups of financiers, municipalities, and community constituents for the purpose of marketing Pennrose Properties to groups potentially skeptical and occasionally adverse\nDevelopment of realistic project budgets\nCoordination of efficient land-development approval process\nAssembly and leadership of superior development team\nCoordination of legal team\nResponsibility for all site control documentation, loan agreements, equity documents and partnership agreements\nCollaboration with architects and engineers in designing proposed developments\nDetermination of realistic project schedules\nMeeting design, funding and construction deadlines throughout the project\nMeeting project budgets\nOversight of contractors and other professionals to build proposed developments\nEfficient project management through superior team management\nDelivery of on-time, on-budget real estate development projects\nCoordination of lease-up of completed development with full flow of information concerning limiting criteria\nManagement and motivation of in-house development team\nMaintenance of calendars\nProviding direction for the scheduling and coordinating of the logistics for all development meetings\nBalancing the opinions of internal staff with external participants in a timely and diplomatic manner\nDemonstrating an understanding of the workload and priorities of all development team members\nKeeping the Team Leaders well-informed of all project issues\nQualifications:\n\nPerformance Metrics\n\nAgreement of Sale/ Development Agreements and site control secured\nEnsure 100% construction completion and receipt of all funds within established time frame\nAchievement of financial closings within established timeframes.\nProject lease-up at pace expected as of closings\nAchievement of fully approved project entitlements with established time frames.\n\nRequired Education and Experience:\n\nBA or BS required\nAt least four years of experience as an associate developer or equivalent position\nStrong entrepreneurial instincts\nSolid analytical skills\nDocumented well-rounded real estate background\nDemonstrated ability to sell an idea through exceptional verbal and written communication skills\nConfidence in delivering on-message PowerPoint presentations before possibly contentious groups\nConsiderable interpersonal skills including the ability to establish and maintain effective working relationships with others; being both responsive and thoughtful\nDiscretion in handling confidential information\nDemonstrated organizational skills, including the ability to set priorities in concert with the development team yet able to work independently\nDemonstrated ability to work under pressure exercising sound judgment, prioritizing demands and responding with composure to a fast-paced environment with high-energy leadership\nDemonstrated understanding of project proformas for both market-rate and public housing developments\nProfound understanding of HUD and Housing Finance agency budget requirements\nExperience in filing applications requesting Low Income Housing Tax Credits, Federal Home Loan Bank Affordable Housing Program funds and a multitude of other soft resources\nDemonstrated ability to respond to and resolve problems rapidly and efficiently\nProficiency in Outlook, Microsoft Office including Word and Excel\nDemonstrated punctuality and respect for other’s time\nAccuracy – with an attention to detail - and speed in task execution\nStrong work ethic and exceptionally high work standards\nMaturity, good judgment and professionalism\nAt least four years experience as an Associate Developer or equivalent position\n Requires a valid driver’s license, an insured vehicle, and the ability to travel (between properties, on-call emergencies, training, etc.)\n\nWorking Conditions:\n\nAbility to work periodic flexible hours is required. Ability to travel by plane and automobile is required.\nAbility to work at property locations within or near transitional neighborhoods – again with the support of PMC.\nAbility to climb stairs, take elevators, bend, squat and reach over head.","company":"Pennrose","rawCompany":"pennrose","city":"Brooklyn","state":"NY","isRemote":false,"isActive":true,"createdAt":"2026-09-03T10:04:59.961Z","occupations":[{"code":"11-9141.00","title":"Property, Real Estate, and Community Association Managers","slug":"property-real-estate-and-community-association-managers"},{"code":"11-9021.00","title":"Construction Managers","slug":"construction-managers"},{"code":"15-1252.00","title":"Software Developers","slug":"software-developers"}],"industries":[{"code":"237210","title":"Land Subdivision","slug":"land-subdivision"},{"code":"236117","title":"New Housing For-Sale Builders","slug":"new-housing-for-sale-builders"},{"code":"236116","title":"New Multifamily Housing Construction (except For-Sale Builders)","slug":"new-multifamily-housing-construction-except-for-sale-builders"}],"jobPosting":{"@context":"https://schema.org","@type":"JobPosting","title":"Developer","description":"Overview:\n\nThe position assumes full responsibility for the successful completion of multi-faceted real estate development projects – both market-rate and affordable - from inception through construction completion and lease-up. This individual is responsible for the strong leadership of an in-house team of Associate Developers, Assistant Developers and Administrative Assistants. This individual simultaneously assembles and manages an external team of financiers, architects, designers, engineers and contractors. Each developer simultaneously coordinates multiple projects in varying stages of development. This position demands strong financial skills, creative thinking, leadership, and effective communication.\n\nPay range:$130,000 - $140,000/year + bonus depending on experience.\n\nThis position is eligible for an uncapped performance-based bonus program tied to individual and company results.\n\n#IND123\n\nResponsibilities:\nIdentification and evaluation of real-estate development opportunities\nDetermination of the financial feasibility for a viable project\nDetermination of the suitability of a site\nDirect report to Pennrose Properties Chief Financial Officer for predevelopment expenditures expectations, development cash-flow, and development capital requirements\nDrafting and finalizing multiple, professional RFPs and RFQs\nEstablishing strong public private partnerships\nDelivery of professional Powerpoint presentations before both large and small groups of financiers, municipalities, and community constituents for the purpose of marketing Pennrose Properties to groups potentially skeptical and occasionally adverse\nDevelopment of realistic project budgets\nCoordination of efficient land-development approval process\nAssembly and leadership of superior development team\nCoordination of legal team\nResponsibility for all site control documentation, loan agreements, equity documents and partnership agreements\nCollaboration with architects and engineers in designing proposed developments\nDetermination of realistic project schedules\nMeeting design, funding and construction deadlines throughout the project\nMeeting project budgets\nOversight of contractors and other professionals to build proposed developments\nEfficient project management through superior team management\nDelivery of on-time, on-budget real estate development projects\nCoordination of lease-up of completed development with full flow of information concerning limiting criteria\nManagement and motivation of in-house development team\nMaintenance of calendars\nProviding direction for the scheduling and coordinating of the logistics for all development meetings\nBalancing the opinions of internal staff with external participants in a timely and diplomatic manner\nDemonstrating an understanding of the workload and priorities of all development team members\nKeeping the Team Leaders well-informed of all project issues\nQualifications:\n\nPerformance Metrics\n\nAgreement of Sale/ Development Agreements and site control secured\nEnsure 100% construction completion and receipt of all funds within established time frame\nAchievement of financial closings within established timeframes.\nProject lease-up at pace expected as of closings\nAchievement of fully approved project entitlements with established time frames.\n\nRequired Education and Experience:\n\nBA or BS required\nAt least four years of experience as an associate developer or equivalent position\nStrong entrepreneurial instincts\nSolid analytical skills\nDocumented well-rounded real estate background\nDemonstrated ability to sell an idea through exceptional verbal and written communication skills\nConfidence in delivering on-message PowerPoint presentations before possibly contentious groups\nConsiderable interpersonal skills including the ability to establish and maintain effective working relationships with others; being both responsive and thoughtful\nDiscretion in handling confidential information\nDemonstrated organizational skills, including the ability to set priorities in concert with the development team yet able to work independently\nDemonstrated ability to work under pressure exercising sound judgment, prioritizing demands and responding with composure to a fast-paced environment with high-energy leadership\nDemonstrated understanding of project proformas for both market-rate and public housing developments\nProfound understanding of HUD and Housing Finance agency budget requirements\nExperience in filing applications requesting Low Income Housing Tax Credits, Federal Home Loan Bank Affordable Housing Program funds and a multitude of other soft resources\nDemonstrated ability to respond to and resolve problems rapidly and efficiently\nProficiency in Outlook, Microsoft Office including Word and Excel\nDemonstrated punctuality and respect for other’s time\nAccuracy – with an attention to detail - and speed in task execution\nStrong work ethic and exceptionally high work standards\nMaturity, good judgment and professionalism\nAt least four years experience as an Associate Developer or equivalent position\n Requires a valid driver’s license, an insured vehicle, and the ability to travel (between properties, on-call emergencies, training, etc.)\n\nWorking Conditions:\n\nAbility to work periodic flexible hours is required. Ability to travel by plane and automobile is required.\nAbility to work at property locations within or near transitional neighborhoods – again with the support of PMC.\nAbility to climb stairs, take elevators, bend, squat and reach over head.","datePosted":"2026-09-03T10:04:59.961Z","dateModified":"2026-09-03T10:04:59.961Z","hiringOrganization":{"@type":"Organization","name":"Pennrose","sameAs":"https://jobsearcher.com"},"jobLocation":{"@type":"Place","address":{"@type":"PostalAddress","addressLocality":"Brooklyn","addressRegion":"NY","addressCountry":"US"}},"identifier":{"@type":"PropertyValue","name":"JobSearcher","value":"b0a779fa3c24b38e1ef7dcd8"},"url":"https://jobsearcher.com/jobs/b0a779fa3c24b38e1ef7dcd8"}}