RE: Job Posting Announcement
Position: Vice President of Real Estate Development
Office location: Boston
The Massachusetts Development Finance Agency (MassDevelopment), a quasi-public agency of the Commonwealth of Massachusetts, is accepting applications for the position of Vice President of Real Estate Development.
Offering a wide range of finance programs and real estate development services, MassDevelopment supports economic growth, development, and investment across all sectors of the Massachusetts economy: public and private; commercial, industrial, and residential; and nonprofit, including healthcare, educational, cultural, and human-service providers. Our staff works in collaboration with developers, businesses, and banks to identify investors and leverage funds to support economic growth.
For more information about MassDevelopment, please visit www.massdevelopment.com.
The Vice President of Real Estate Development position is a unique opportunity for an experienced real estate development professional to manage projects within MassDevelopment’s equity investment portfolio, which include small- to intermediate-scale redevelopment projects typically located in downtowns and other urban Massachusetts locations. The VP will be responsible for direct project management of real estate equity investment projects, including feasibility analysis, due diligence, construction procurement and construction oversight. This position will also collaborate closely with other project managers, contribute construction-related knowledge and expertise on the Agency’s full portfolio of equity investment projects, and contribute to development strategy.
MassDevelopment seeks an accomplished real estate professional with demonstrable construction project management experience and a background in small-scale, urban, historic redevelopment projects. Knowledge of Massachusetts Chapter 149 and Chapter 30B public construction procurement is a plus. The ideal candidate will also have working knowledge of project acquisition, financing, and/or property disposition/leasing for commercial and retail properties; residential experience is a plus. The preferred candidate will be collaborative, creative and self-directed, and will have familiarity with both public and private sector development projects.
This role will collaborate with all departments within the real estate division, including Asset Management, Real Estate Planning and Development, Engineering, and the Transformative Development Initiative. The role will involve direct oversight of projects, close collaboration with other project managers, and the coordination of interdisciplinary project teams of both internal staff and consultants. The role will report directly to the Senior Vice President of Real Estate Operations and work closely with the Senior Vice President of Asset Management, but will also be responsible for regular reporting and other communication to the Director of Transformative Development, the Executive Vice President of Real Estate, and MassDevelopment’s President and CEO. In addition, this role may be expected to make presentations on MassDevelopment’s equity investment portfolio to the Agency’s Board of Directors.
Kindly forward cover letter, resume, and salary requirements to MassDevelopment, Attn: Human Resources, 99 High Street, 11th Floor, Boston, MA 02110 or email to: Jobs@massdevelopment.com. This posting can close without notice.
The starting salary for this position is $79,810-$103,750.
Equal Opportunity Employer