Project Manager, Acquisitions and Preservation

Who are we?

The Community Builders, Inc. (TCB) is an entrepreneurial real estate developer and owner. Our mission is to build and sustain strong communities where all people can thrive. We envision a world with vibrant, safe and inclusive neighborhoods where all people live in healthy homes with equitable access to resources and opportunities to pursue their dreams, and we work to make that vision a reality. Founded in 1964, TCB currently owns/manages 12,000+ units of rental housing across the Northeast, Mid-Atlantic, and Midwest.

Why work at TCB?

Opportunity is not equally available across households and regions. America

has enormous racial and economic segregation because of government backed policies such as redlining, unequal access to nonpredatory homeownership loans, racial covenants and exclusionary zoning.  As a result, quality housing in good neighborhoods with reasonable access to jobs is out of reach for many Americans.  At the same time, many communities lack the necessary investments in housing, amenities, services and commercial development to provide a good quality of life.  Over the next five years TCB aims to make vital contributions that address this fundamental opportunity gap, by adding to the stock of affordable quality homes and helping to provide services and amenities in thriving communities for all people.  

The Project Manager, Acquisitions & Preservation role at TCB

Are you a creative problem solver with a focus on positive outcomes?  Do you enjoy working on tangible projects that make a financial and physical difference to the communities where we work?   Do you bring a drive for results and a real desire to make a difference?  

The Acquisitions & Preservation team within the Real Estate Finance Department at TCB works closely with the Development team, Asset Management team, and other departments to build and sustain high-quality residential and mixed-use developments.  Core functions of this role include providing financial analysis of new acquisition opportunities and properties in the TCB portfolio to inform repositioning strategies, and working with inter-departmental teams to craft and implement capital transactions. The open Acquisitions & Preservation Project Manager role will focus in two areas:

1. Acquisitions: One way that TCB pursues our mission is by acquiring existing properties and adding or preserving affordability.  We seek a team member to be responsible for driving this growing part of our business, in cooperation with Development colleagues across TCB’s footprint.
2. Portfolio recapitalization: TCB has a portfolio of xxx properties that include an array of financing and legal structures.  The Project Manager will lead a team of staff from Asset Management, Property Management, and Design & Construction to identify and implement financial repositioning and physical rehab strategies to maintain and enhance these assets. 

Core functions will include:

• Serve as an essential team member, in partnership with the Development department, in implementing and honing TCB’s acquisition strategy
  • Participate in acquisition prospect identification, including property data and market analysis
  • Analyze acquisition opportunities, including financial modeling, review of property financials, and review of legal and regulatory documents
  • Participate in generating offers to purchase
  • Lead in obtaining debt and equity financing
  • Ensure necessary due diligence, work with legal team to review and negotiate finance-related documents
  • Cultivate and maintain relationships with real estate brokers
• Collaborate with Asset Management to develop and implement capital plans and strategic repositioning opportunities for TCB’s portfolio
  • Work with the project team to identify property needs and opportunities, and to develop financing strategy to address property-specific goals
  • Work with the team to prepare and maintain project schedule
  • Work with the project team in resolving and identifying financial issues that arise

TCB succeeds with diverse and inclusive teams

The Community Builders, Inc. is committed to ensuring diversity in its workplace, and candidates from diverse backgrounds are strongly encouraged to apply. TCBs commitment to diversity is reflected at all levels of the company, including the TCB Board of Directors.  

What’s in it for you – professional development

• You will be involved in varied developments from TCB’s pipeline and portfolio, with exposure to diverse communities, geographies, and financial and legal structures.    Learning and growth opportunities abound for all of us. 
• You will work with a team of bright and dedicated individuals, whose creativity and persistence and get it done attitude make for an enriching work environment.
• TCB is part of a network of America’s leading national nonprofit developers and owners so we learn not just from our own experience, but our peers as well.  We are involved in advocacy at the federal, state, and local levels, using our experience to help shape public policy. 

Here’s what we’re looking for

• A passion for real estate development
• A passion for helping to build strong communities for all people
• Solid analytical and financial modeling skills
• Ability to work well in a team environment and build relationships both internally and externally
• Strong communication skills, both verbal and written
• Strong aptitude at managing a varied workload including multiple projects
• Bachelor’s degree and/or Master’s degree and minimum 4-6 years of experience in the real estate industry.
• Prior experience with Low Income Housing Tax Credits and affordable/mixed-income deal structures required.
• High comfort and ability with Microsoft Office, including Excel