New England Real Estate Director

This position will focus on market strategy presence development management and commercial leasing in Worcester MA and the broader Boston region and will support commercial lease and sales administration for the Companys MA portfolio. 

The Real Estate Director will provide a leadership presence for our Worcester office; maintain and grow the Companys network of relationships in the region; help to identify evaluate and advance acquisitions and investment opportunities; oversee real estate developments; and develop and implement creative leasing and sales strategies for our 200000 SF MA commercial portfolio. 

The ideal candidate is a motivated self-starter with strong real estate analysis and development skills; strategic networking and relationship-building capacity with public and private partners; and creative leasing experience. 

Key Responsibilities:

1. New England Market Leader

• Market strategy direction and accountability
• Active presence and leadership in local market working out of our Worcester office a minimum of three days per week
• Brand ambassador maintaining key relationships board seats and industry group participation
• Portfolio management in local market

2. Project Development and Execution

• Lead all phases of development projects including feasibility entitlement design construction and stabilization
• Develop and maintain project schedules budgets and pro formas
• Monitor project performance and implement corrective actions as needed
• Coordinate with architects engineers contractors and consultants
• Support capital sourcing efforts (debt equity public financing incentives)
• Track project costs cash flow and returns against underwriting 
• Manage zoning permitting and entitlement process
• Interface with local governments agencies and community stakeholders
• Coordinate cross-functional teams (legal finance asset management leasing)

3. Acquisitions & Investment - Strategic Adjacencies and Growth Opportunities

• Maintain investment sales broker relationships
• Identify targeted acquisitions per MG MA strategy
• Advance due diligence evaluation and predevelopment activities on acquisitions opportunities

4. MA Portfolio Leasing & Sales - Strategy Organization & Execution

• Lead leasing strategy pricing and negotiations for MA
• Market and lease existing vacancies through oversight of third party brokers and direct creative leasing strategies
• Issue and negotiate LOIs and leases
• MA lease renewal & critical date tracking
• Assist with capital expenditure plans for MA portfolio 

Qualifications :

Education & Experience:

• Masters degree or equivalent Real Estate Certificate preferred but not required (related experience considered in lieu of post-undergraduate studies)
• 3-5 years of experience in real estate development and/or investment

Qualifications:

• Passion for real estate development high-quality design and construction and placemaking of all types
• Outstanding work ethic and flexibility
• Ability to manage a variety of tasks within a tight time schedule
• Ability to analyze real estate from a strategic point of view
• Excellent verbal and written communication skills
• Strong financial and analytical skills
• Demonstrated resourcefulness and independence in carrying out responsibilities and assignments
• Excellent stakeholder management skills

Technical Proficiency:

• Proficiency in MS Word and Excel
• Competency in real estate software a plus (e.g. MRI Argus or similar)

Additional Information :

All your information will be kept confidential according to EEO guidelines.

About The Menkiti Group

The Menkiti Group is a Washington DC-based real estate services and development company dedicated to transforming lives careers and communities through real estate. Since 2004 the firm has invested over $400 million in residential commercial and mixed-use projects with a strong focus on low- and moderate-income neighborhoods across the East Coast including the Washington DC metro area and Worcester MA. Operating as a double bottom line company The Menkiti Group is committed to delivering strong financial returns and generating positive social impact reinforcing its legacy as a leader in inclusive economic growth.

Remote Work :

No

Employment Type :

Full-time