Washington, DC
Salary Estimate: $125,000.00 - $149,999.00
Employment Type: Full Time
Work Place: Office
Experience Required: 5+ to 7 years
Education Required: 4 Year College
Benefits
Job Description
PRP, a leading multi-strategy real estate Investment firm, has an opportunity for an experienced Project Manager working directly with senior partners of the firm. This individual needs to possess a multi-disciplinary skill set and the ability to effectively manage complex development and construction projects across a variety of sectors including industrial, multi-family and data centers. This position will be based in our corporate office located in Washington DC and involves routine business travel to various markets in the Southeast where the firm has ongoing projects.
- Managing and coordinating all facets of various development projects from initial acquisition, through entitlement, design, financing, construction, turnover and stabilization.
- Developing and managing project proformas, development budgets & schedules.
- Coordinating with various government officials, agencies and community groups, ensuring that all development entitlements are obtained.
- Managing various project development teams ensuring that projects are developed on schedule and on budget.
- Providing development oversight and feedback to design professionals and general contractors to finalize project design and monitor construction to ensure work quality complies with plans and specifications.
- Participate in weekly construction meetings, oversee construction progress, and prepare owner punch lists.
- Coordinate with jurisdictions on permits, utilities and related approvals.
- Budgeting, cost control and value engineering.
- Processing and submittal of bank reconciliations and draws for project loans.
- Coordination of due diligence activities for new building acquisitions.
REQUIREMENTS:
- Results oriented individual with BS or BA degree with 5+ years of relevant commercial real estate experience.
- Excellent Proficiency with Microsoft emphasis on Excel, Word, and MS Project.
- Outstanding verbal & written communication skills.
- Detail oriented focus with a broad understanding of the real estate development process, priorities and risks.
- Ability to think critically to anticipate, analyze and solve complex multi-disciplinary problems
- Multi-tasking ability for handling multiple projects and deadlines simultaneously.
Strong inner personal skills to interact effectively with various constituents including financial partners, tenants, consultants and contractors etc.
As process-oriented investors, we focus on the fundamentals of real estate investing. On the asset level, our investment strategies are specifically tailored and structured to deliver success irrespective of market conditions and economic cycles. Through a detailed risk assessment and rigorous due diligence of every opportunity, we implement a twin focus: physically modernizing properties while improving operations through new management and leasing initiatives. We utilize the most appropriate capital structures at acquisition, tailoring terms and durations to suit the specific need of each project — with a leverage target of 65% of total project costs. Our unfettered access to the capital markets and deep relationships with lenders and institutional investors, ensures that we achieve the lowest cost of capital available in the industry.
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