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Pirhl Llc | Cleveland, OH
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Job Description

PIRHL's mission is to thoughtfully address the growing demand for affordable and service enriched housing in America through development and construction of, as well as investment in, multifamily apartments.

Whether this means fostering new growth or driving revitalization, PIRHL is committed to the sustainability of today's communities. PIRHL's approach is predicated on leveraging the unique skills and perspectives of locally based community partners who deeply understand the dynamics and specific needs with their market. Since 2005, the firm has secured over $700 million in public financing to develop 4,400 housing units in eight states.

Position Overview

This seasoned real estate professional will lead PIRHL's development staff, proactively managing a team of project managers and coordinators to ensure the execution of the critical path, from the funding of a project through financial closing, during build-out and through permanent conversion. The Director of Project Management (DPM) will use natural and strong leadership to hold others accountable to a series of defined objective measures tied to budget and schedule for each real estate project.

As a member of PIRHL's senior leadership team, the DPM will collaborate with the President of PIRHL Contractors to ensure the seamless execution of the critical path between the development and construction project managers. The DPM will leverage the construction platform to ensure excellence and efficiency through design development, construction pricing, and the other collaborative disciplines along the critical path. In addition to the construction department, the DPM will also work closely with leadership from originations, finance and operations departments, depending on the stage and type of each development. Teamwork is foundational in the execution of this role. The DPM must think and work cross-functionally. To that end, the position will also be supported by direct reports with expertise in originations, project management, and finance.

Key pre-construction critical path functions under the DPM include: Project entitlements; architectural & engineering design development; civil engineering; title and survey; environmental review; legal; appraisal; client and municipal relations.

Key construction-period responsibilities under the DMP include:

Client relations during build-out; staffing inspection, contingency management; lease-up; conversion to permanent financing.

Key post-construction responsibilities affecting DPM include:

Conversion to permanent financing and obtaining all final equity, working along with Finance Department.

The project proforma is the constant lens for decision making along the critical path. Accordingly, the DPM must have an aptitude for multifamily financial underwriting to enable leadership through the project proforma. The DPM will have other support staff and colleagues to assist with project underwriting, financial documents review and financial closing. However, it is expected that DPM will have, at a minimum, a good working knowledge of project proformas, and a command of the individual development budget line items therein.

Development projects will involve both the new construction of multifamily and senior communities as well as the substantial rehabilitation of existing large-scale apartment buildings. Most projects are completed in partnership with community-based housing developers. New construction properties have ranged from 40-150 units, while rehab jobs have ranged from 190 to 530 units. At any one time, there may be 15-20 properties in production - all or parts of which will fall under the DPM's charge, depending on stage of completion.

Core Responsibilities:

  1. Think and act cross-functionally with the senior leadership team; lead PIRHL's development department to implement projects as described above.

  2. Maintain the integrity of all capital budgets and soft-cost line items therein, as approved by PIRHL's Investment Committee structure.

  3. Lead Investment Committee through all stages.

  4. Direct the cultivation of relationships with state housing finance agencies, new co-development clients, municipalities, affordable housing industry associations, and maintains existing relationships.

  5. Leverage key support staff to improve internal processes and communication while implementing and enforcing codified standards of best practices for real estate development.

  6. Manage key support staff to enhance current systems to promote accountability in due diligence, building design, underwriting, etc.

  7. Facilitate collaboration and communication between departments such as development origination, construction, finance and asset management, and external stakeholders to improve the quality of development and to ensure better outcomes.

  8. Manage teams to establish budgets, schedules, and profitability thresholds.

  9. Work in a constant state of anticipation to ensure expectations are met and that bottlenecks are proactively managed.

  10. Provide regular projections on schedules, budgets, cash requirements, pre-development loans and profitability to the VP of Finance and Accounting for incorporation into monthly corporate reporting.

  11. Hire and facilitate the training of department staff as necessary.

  12. Collaborate with the originations team to identify and facilitate new business opportunities.

  13. Work with key support staff to create an environment of constant improvement and continuous learning where we regularly incorporate lessons in order to improve.

  14. Mentor, develop, and challenge staff by demanding accountability and allocating ever increasing projects and situations to staff.

  15. Direct and oversee project workflow within the department to meet desired goals of on-time, on-budget expectations.

  16. Direct all technical aspects of the development process and manage the teams that support these functions.

  17. Oversee the preparation of reports regarding the status of each project including construction, unresolved items, and cost variances.

Qualifications - The ideal candidate will have:

  • Exceptional communication skills; proven collaborator

  • 7+ years of residential apartment development and/or rehabilitation experience.

  • 5+ years of team management experience within large-scale real estate development, construction, design and/or engineering platforms

  • Affordable housing experience a plus, understanding 9% and 4% housing tax credits as well as FHA debt a plus

  • Is a data driven decision maker, familiar with financial modelling and financial analysis

  • Proven leadership roles in an ever increasing capacity; track record as a mentor; outstanding oral and written communication skills; strong presentation and process management skills

  • Undergraduate degree from a leading institution and demonstrated academic excellence; major in finance or real estate or similar; MBA or similar graduate experience a plus

  • Ability to thrive in a highly collaborative, entrepreneurial environment

  • Motivated by the challenge and opportunity to fundamentally grow an organization to the next level

  • Ability to be an advocate for PIRHL and its mission

  • Ability to handle multiple projects simultaneously and delegate responsibilities to appropriate team members

No phone calls, please.

Job Posting Number: P17D03

Posting Date: September 29, 2017


Applicants must be eligible to work in the specified location

About Pirhl Llc

PIRHL is a different kind of developer, led by principals with an unusual commitment to the process and the partnerships behind the development. David Burg and Dave Uram began their affordable housing careers in Cleveland's non-profit community and economic development industries where they furthered their sensitivities to the unique needs and constraints of the clients they serve today. Burg and Uram also spent years with a leading for-profit developer/builder in the low income housing tax credit industry. There, they gained extensive experience with LIHTC- and bond-financed affordable housing, and with the public-private partnerships that drove those projects. Today, as an owner, developer and builder of affordable housing, PIRHL employs a highly-experienced team, and commits all of its resources to urban revitalization. Through a proactive approach that is transparent and accountable to all stakeholders, PIRHL's process is simply better.