Real Estate Manager
Organization Summary: The Asheville-Buncombe Community Land Trust (ABCLT) is in its fourth year as a 501(c)(3) organization and we are excited to expand our team. ABCLT’s mission is to establish permanently affordable residential, commercial, and community spaces that empower Black, Indigenous, People of Color, and low- to moderate-income residents to build social, economic, and cultural capital. Having established our organizational structure and acquired our first properties, we are entering the next phase of our strategic plan – growing our portfolio and selling our first homes to income-qualified buyers.
At this time, we are looking for an enthusiastic professional to join our growing team. The ideal candidate will have a strong racial equity lens as well as a working understanding of current and historic systemic barriers to affordable housing and how those barriers have disproportionately impacted some demographics more than others. Additionally, the candidate will work well in a highly collaborative environment as ABCLT’s goals are lofty and accomplishing them necessitates a collective mindset.
- Identify potential development opportunities, conduct necessary due diligence, and make recommendations for acquisition.
- Develop project plans for new construction, rehab, and other opportunities to expand ABCLT’s real estate portfolio.
- Create and manage project budgets to include structuring project financing.
- Assist the Executive Director in completing applications for public and private funding.
- Develop RFPs to solicit bids for design and construction projects as well as oversee the bidding and procurement process to include confirming contractor compliance.
- Negotiate and manage construction contracts with input from the Executive Director and the Real Estate Committee.
- Create and manage project schedules, team meetings, and progress reporting.
- Manage construction in progress and coordinate project-related professional services (i.e., architecture, engineering, environmental, legal, accounting).
Partner Relations and Internal Operations
- Build and sustain relations with public and private funders, lenders, real estate industry partners, and development partners.
- Schedule showings with prospective homebuyers.
- Assist with creating annual and long-term development plans.
- Develop and implement policies, procedures, and systems regarding real estate development.
- Research innovative housing solutions from other CLTs and affordable housing providers.
Job Summary: The Real Estate Manager will primarily be responsible for overseeing ABCLT’s land acquisition and construction efforts in developing permanently affordable housing. Specifically, the Real Estate Manager will work with the Executive Director and the Real Estate Committee to execute the organization’s real estate development plan. This is a newly-created position with opportunities for advancement as ABCLT is well-positioned for additional growth over the next several years. The Real Estate Manager will also be exposed to various mentorship and career development opportunities.
Skills and Experience:
- Knowledge and/or experience of Asheville’s history around urban renewal.
- Four or more years of successful experience in real estate, housing development, construction management, or a related field.
- Associate’s or Bachelor’s degree in real estate development or a related field. Equivalent field experience can substitute for a degree.
- Knowledge of and experience with the public and/or non-profit sector.
- Excellent interpersonal, verbal, and written communication skills.
- Demonstrated analytic, conceptual, planning, problem solving, and implementation skills.
- Ability to work autonomously and be flexible in a start-up environment.
- Proven track record of managing multiple projects and priorities at once.
- Creativity, flexibility, and strong organizational skills with a keen attention to detail.
- Proficiency in use of Microsoft Office and Google Suite.
Time Commitment: This is an exempt, full-time position.
Compensation: $50,000-65,000 annually based on experience.
Benefits: 12 paid federal holidays; health insurance; two weeks (or 40 hours) paid vacation time in the first year with one additional week added in years three and five of employment (with annual rollover); a monthly $60 cell phone stipend; and mileage reimbursement based on the federal rate.
This job description should not be interpreted as all-inclusive. It is intended to identify the major responsibilities and requirements of the job. The incumbent may be requested to perform job-related responsibilities and tasks other than those stated in this job description.