Development Coordinator - Dallas Regional Office

About the position

The Development Coordinator plays a crucial role in managing the due diligence process for an assigned portfolio of multifamily real estate development projects. These projects span across various stages of the development lifecycle, from pre-purchase agreement through closing and pre-stabilization. As a key member of the development team, the Development Coordinator ensures the organized and timely completion of due diligence, financing applications, and post-closing value events.

Responsibilities

• Prioritizes and manages multiple complex projects concurrently, ensuring all deadlines within the assigned portfolio are met.
• Prepares and coordinates comprehensive due diligence materials for lenders and equity institutions related to affordable multifamily housing closings, including acquisitions, resyndications, and new construction projects.
• Assists with preparation of bond applications, tax credit applications, and other financing or soft funds packages that are needed to secure funding for projects.
• Oversees and coordinates post-closing activities, including state agency reporting, 8609 applications, permanent financing conversions, equity installments, and refinances.
• Orders third-party reports throughout various phases of a project including, but not limited to, Environmental Studies, Property Condition Assessments, Appraisals, Market Studies, Title and Survey, and Zoning Reports.
• Fosters relationships with other departments such as property management, asset management, construction, accounting, and compliance to streamline communication and gather necessary information for lenders and investors.
• Participates in regular conference calls with the development team, lenders, investors, underwriters, attorneys, and other stakeholders to provide updates on the due diligence process.
• Interprets and extracts key information from loan agreements and partnership agreements to understand project timelines and track upcoming value events.
• Maintains organized electronic due diligence files in accordance with existing processes and standards.
• Monitors and updates project management software to ensure timely task completion and accurate reporting.

Requirements

• 1 year of relevant work experience or a Bachelor's degree in Real Estate, Business Administration, or a related field
• Ability to communicate clearly with others orally and in writing in English
• Excellent verbal, written and interpersonal communication skills
• Proficient in Microsoft Office Suite, including Word, Excel, Access, and PowerPoint

Nice-to-haves

• Experience in the real estate industry, particularly in affordable housing (LIHTC) and/or transaction processing is advantageous, but not required

Benefits

• Medical
• Dental
• Life & Disability
• Paid Time Off
• 401(K)
• Flexible Spending Accounts
• Employee Recognition & Wellness Programs
• Competitive salary
• Incentive bonus program
• Training and development programs
• Career growth opportunities
• Community volunteer and outreach programs