Associate Project Manager
LMXD (“LMXD”) is a proud member of the L+M family of companies. Building upon L+M’s successful 40-year track record of mixed-income development, LMXD’s mission is to expand that focus and to develop transformative mixed-income, mixed-use projects with a focus on culture, community, and sustainability both within the New York region and across the country. This is an excellent opportunity to join an entrepreneurial endeavor within an industry leading platform and to help grow a civically impactful and profitable business.
Founded in 1984, L+M is a full-service real estate development firm which develops, invests, constructs, and manages properties with industry-leading innovation. L+M is responsible for approximately $10 billion in development and investment, and has acquired, built, or preserved nearly 40,000 high-quality residential units in New York’s tristate area, Washington, D.C., the West Coast and Gulf Coast regions. Currently, LMXD is actively working on projects representing over 4,000 mixed-income homes in cities such New Haven, New Rochelle, New York City, Newark, Philadelphia, Washington DC, and New Orleans.
Please visit our website for more information: https://lmxd.com
Areas of Responsibility & Job Requirements:
- Experience in development, real estate lending and investing, acquisitions, or asset management
- Asset Management activities including review of monthly operating reports, audits, etc.
- Support real estate development projects from inception through completion, with guidance and with a focus in underwriting and financing.
- Ability to perform financial modeling and analysis to evaluate potential investment and acquisition opportunities and structure transactions; perform market research and property-level due diligence.
- Perform project- and P&L-level financial modeling to evaluate different development scenarios, financing structures and returns for development projects, and assess project viability and risks.
- Create budgets and estimate costs in cooperation with subject-matter experts; coordinate budgets and underwriting with agencies, lenders, and equity partners.
- Support design and construction decisions in close coordination with third-party consultants (i.e., architects, engineers, contractors, etc.), and participate in construction administration.
- Prepare project- and P&L-level reporting.
- Self-motivated and proactive with an established track record of getting things done effectively and independently.
- Excited to work with a team in an entrepreneurial environment, balance changing priorities and deadlines.
- A love for cities and an appreciation for complex civically impactful projects.
Knowledge, Skills, and Abilities:
- Strong financial modeling skills/proclivity (Excel)
- Strong organizational skills and excellent attention to detail
- Ability to work independently and prioritize work flow for multiple projects
- Strong presentation skills (e.g. Powerpoint, other graphic programs)
Experience Preferred:
- 1-4 years of relevant work experience, including previous experience managing development projects or real estate finance and underwriting.
- Undergraduate or Masters degree in business, real estate, urban planning or similar (or something completely different and a good story to tell)
LMXD offers competitive compensation and benefits and tremendous potential with a growing residential real estate developer/builder organization.
LMXD is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status.
Disclaimer: Nothing in this job description restricts management’s right to assign or reassign duties and responsibilities to this job at any time.
Other details
- Pay Type Salary
- Min Hiring Rate $83,000.00
- Max Hiring Rate $100,000.00