Job Description:
Who We Are:
Self-Help started in 1980 with a focus on economic inequality especially in communities that have faced systemic barriers in building wealth. At the core of what Self-Help does is a drive to create and protect ownership and economic opportunity. In other words, we’re committed to economic justice! Economic Justice means that all communities have the basic infrastructure they need to thrive, from high-quality schools to grocery stores selling fresh food resources that support opportunity at a neighborhood level regardless of demographics, income, or wealth. Since our founding, we’ve constantly sought to find new ways to pursue greater economic justice: from providing fair and affordable loans to working with partners to demand that lawmakers change unjust policies.
We are seeking a Real Estate Project Manager to join our team in Los Angeles, CA!
Please note: The successful candidate may be hired into a more senior role based on relevant experience, expertise and demonstrated qualifications.
What you'll do:
- Actively participate in identifying and evaluating potential properties for acquisition, including project idea conceptualization for both commercial and residential real estate.
- Perform detailed site analysis, including studying site constraints, zoning and entitlement requirements, and producing back of the envelope financial models.
- Develop complex pro formas that often utilize layered financing, including sources such as New Markets Tax Credits, Historic Tax Credits, Low Income Housing Tax Credits, and more.
- Perform market research to analyze project economics and verify assumptions used in pro forma models.
- Actively manage the property acquisition due diligence and closing process, including coordinating with third parties such as surveyors, attorneys, and environmental consultants.
- Research existing community planning documents and participate in community groups and neighborhood discussions to listen, learn, and build long-term individual and organizational relationships.
DEVELOPMENT
- Coordinate internal project team meetings, which typically include construction managers, leasing staff, and other Self-Help staff.
- Over time, build relationships with community members and stakeholders, including neighborhood leaders, property owners, government staff, and elected officials.
- Assist with the preparation and presentation of investment memoranda to secure Self-Help and third-party financing.
- Review and comment on legal documents such as leases, loan agreements, and other financing documents.
- Actively support the process of closing financing, including managing checklists, reviewing key documents, analyzing financial projections, and coordinating with financing partners.
- Work closely with external design and construction teams, alongside construction management colleagues.
- Monitor development budgets and project timelines.
- Communicate clearly and consistently with development partners, including tenants, community members, and more.
- Assist with leasing and other activities needed to complete and stabilize development projects.
ASSET MANAGEMENT
- Assist with internal and external reporting requirements for projects underway and post completion.
- Assist with other asset management tasks as needed in coordination with colleagues.
OTHER
- Act as a change agent to drive Self-Help’s economic inclusion initiatives by integrating supplier diversity and the use of businesses owned by women and people of color in third party contracting and vendor management for relevant products and services.
- Participate in other special projects as needed, in order to support the Real Estate team.
- Mentor newer and/or younger project management staff.
- Manage project management interns as needed.
What you'll need:
- BA/BS degree in Real Estate, Business, Urban Planning, Finance, Public Policy, Public Administration, Community Development or related field. Master’s degree in one of these fields strongly preferred.
- 5 years of relevant work experience in real estate development, project management, finance, community development or related field, with Master’s degree in related field of study partially counting toward this requirement.
- Significant experience with review of contracts, grant agreements, legal documents, or other demonstrations of legal reasoning.
- Some experience with negotiation and ability for strategic thinking.
- Prior supervisory experience preferred.
- Strong commitment to our mission – creating economic opportunity for traditionally underserved communities.
- Preference for working in organizations that place priority on teamwork and collaboration
- Commitment to social and economic justice.
- Sensitivity to issues of low-wealth communities and a desire to work in culturally and socially diverse organization that strongly values collaboration.
- Ability to demonstrate Self-Help's Core Values:
o Mission Before Self
o Service With Excellence
o Embracing & Promoting Change
o Results Not Credit
o Diversity as Strength
o Financial Sustainability for Mission Impact
Self-Help is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees.
Company Disclaimer:
Self-Help is committed to providing equal employment opportunities to all persons, regardless of race, religion, religious creed, color, national origin, ancestry, physical disability, mental disability, medical condition, genetic information, marital status, sex, gender, gender identity, gender expression (including transgender status), age, sexual orientation, military and veteran status, class or family status.
