Real Estate Development, Sr. Manager (Baltimore/Bethesda) MD.

Real Estate Development, Sr. Manager (Baltimore/Bethesda) MD at Enterprise Community Partners

Enterprise is a national nonprofit that works to make good home possible for millions of families without one. We support community development organizations, invest capital for impact, advance housing policy, and build and manage communities. Since 1982 we have invested $80.9 billion and created 1 million homes across all 50 states, the District of Columbia, Puerto Rico, and the U.S. Virgin Islands.

At Enterprise you’ll be part of a diverse, committed team driving systems change and advancing racial equity. You’ll find a career home where you’re valued and supported in your growth journey.

Job Description Summary

The ECD Development Department specializes in acquiring, rehabilitating, and developing multi‑family housing to create sustainable affordable homes. The properties owned and operated by ECD have robust resident services to assist residents in achieving their life goals.

Job Description

Real Estate Development, Sr. Manager is responsible for managing the entire development process, including feasibility analysis, acquisition, deal structuring, design development, financing, public approvals, construction, marketing, leasing, and close‑out. The role works with colleagues across real estate development, land acquisition, design and construction management, accounting, and asset management, as well as third‑party consultants such as legal and design professionals. Each Real Estate Development, Sr. Manager leads three to four developments in various stages, from preliminary feasibility analysis to close‑out.

Essential Functions

• Analyze potential properties to purchase, produce pro‑formas, coordinate due diligence, and support VP/Director or Associate Real Estate Development Director.
• Collaborate on proposals, analyze economics and financing, prepare proposal materials.
• Manage debt and equity financing applications for each assigned development.
• Prepare development budgets and manage the development budget to ensure balanced sources and uses.
• Coordinate and present at resident and community meetings.
• Manage entitlement, zoning, permitting, and community input and approval processes.
• Review and negotiate draft loan and partnership documents and manage financial closing.
• Coordinate with federal, state, and local government agencies, ensuring all financing and regulatory approvals are obtained.
• Maintain development schedules to ensure timely completion of milestones.
• Coordinate the work of professional consultants, schedule team meetings, and review consultant reports.
• Work closely with design and construction management staff to produce high‑quality communities that are financially feasible.
• Perform site visits as needed.
• Coordinate construction matters with internal or third‑party managers to complete construction on budget and schedule.
• Monitor marketing and lease‑up process to meet or exceed goals.
• Oversee timely completion of close‑out process.
• Prepare quarterly updates and Board approval materials.
• Represent Enterprise in industry associations and forums as brand ambassadors.
• Perform all other duties as assigned.

Minimum Qualifications

• Bachelor’s degree required; MBA/MS, MURP/MCP or similar preferred.
• 3–5 years of multifamily development experience; at least two years of affordable rental housing development preferred.
• Experience with complex, multi‑layered real estate financing, preferably with the Federal Low‑Income Housing Tax Credit Program and affordable housing loan products.
• 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 organizing multiple tasks and objectives.
• Negotiation skills for acquisitions and financing commitments.
• Proficiency with Word and Excel required; MS Project and PowerPoint preferred.
• Good decision‑making, judgment, and problem‑solving skills.
• Ability to work in a hybrid environment.
• Initiative and confidence.

Total Rewards At Enterprise

• Base salary: $100,000–$134,000/year, depending on skills and experience.
• Comprehensive benefits including dental, health, and vision care plans; family‑building benefits such as adoption and surrogacy support;
• Flexible work arrangements; health advocacy, EAP, and mental health benefits;
• 401(k) plan with employer matching contributions; learning and development opportunities with tuition reimbursement.
• Annual performance bonuses and generous paid leave programs.

Seniority Level

• Director

Employment Type

• Full‑time

Job Function

• Sales, Business Development, and Marketing

Industries

• Civic and Social Organizations

Enterprise Community Partners is an equal‑opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, gender identity, sexual orientation, national origin, age, disability, or veteran status.