Development Manager Job in Rockville 20847, Maryland Us


If you are looking for something new, exciting and challenging and you are willing to make a commitment to excellence, then this might be the place for you. We have always believed in doing things right and the entire team knows the importance of hiring others who share their passion and commitment to being a great real estate company. At the end of the day, we redevelop, lease, and manage high quality retail assets to maximize the return on our entire portfolio, but that effort happens on an asset by asset basis and it has always been individuals who make the differences that count.

Thanks for your interest in becoming a part of our team.

POSITION
Development Manager

Position Description:

Federal Realty Investment Trust is an equity real estate investment trust specializing in the ownership, management and redevelopment of high quality retail assets. Federal Realty's portfolio (excluding joint venture properties) contains approximately 18.6 million square feet located primarily in strategically selected metropolitan markets in the Northeast, Mid-Atlantic, and California. In addition, the Trust has an ownership interest in approximately 1.0 million square feet of retail space through a joint venture in which the Trust has a 30% interest. Our operating portfolio (excluding joint venture properties) was 93.3% leased to national, regional, and local retailers as of September 30, 2011, with no single tenant accounting for more than approximately 2.6% of annualized base rent. Federal Realty has paid quarterly dividends to its shareholders continuously since its founding in 1962, and has increased its dividend rate for 44 consecutive years, the longest record in the REIT industry. Federal Realty is an SP MidCap 400 company and its shares are traded on the NYSE under the symbol FRT.

Federal Realty Investment Trust is seeking a dynamic individual, with past success as a Development Manager, primarily within the retail real estate market. The Development Manager responsibilities include strategic investment management and project execution relative to redevelopment and development activities associated with the Mid-Atlantic Region’s 7 million square feet of primarily community shopping centers, operating portfolio. Day to day activities include partnering with the VP of Development and other key constituents such as leasing, property management, financial analysts, and asset managers to plan, build, and deliver desired economic results with a high degree of quality design creating that "great place" for consumers and tenants at Federal Realty's community shopping center assets.

Responsibilities:

• Obtain entitlements and permits required to develop the project.
• Manage the design process and our consultants to achieve project execution.
• Work with leasing agents to establish merchandising plans and to establish a lease-up schedule.
• Work with marketing to appropriately market the project to tenants and the general public.
• Create and manage the development pro-forma.
• Work with development accounting to create and maintain systems that provide accurate cost reporting.
• Create and manage the development schedule.
• Work with general contractors through the design process to confirm budgets, schedules, and constructability.
• Negotiate construction contracts.
• Develop lease exhibits and tenant criteria.
• Review anchor tenant leases.
• Create and manage the development pro-forma’s and supporting development budgets.
• Review all tenant lease requirements regarding build-out, TI, or delivery requirements
• Complete evaluation of existing leases to determine if any restrictions, no-build areas, or other encumbrances exist that may impact viability of the project
• Perform site development feasibility analysis

Qualifications:

• 10+ years of previous experience required with strong experience in retail development
• Bachelor's degree (or higher) in related field
• Able to demonstrate in-depth knowledge of engineering and architectural plans.
• Working knowledge of contract law, zoning law, real estate finance, and construction management.
• Ability to demonstrate strong financial analysis skills
• Excellent analytic skills
• Advanced Excel and MS Project
• Strong management skills including the ability to motivate and guide a team.
• Must be a motivated, self-starter with ability to work with minimal supervision and to function in a team environment effectively communicating and sharing information with people in other departments within the company
• Effective communicator (written oral) with well-rounded presentation skills.

EOE, M/F/DV

To Apply Visit Federal Realty Investment Trust

To learn more about us or to apply, please visit us online at www.federalrealty.com
EOE, M/F/D/V