What We do
DL3 Realty focuses on transforming communities through commercial and residential real estate development. The firm engages in sourcing, planning, design, market analysis, and construction, with a special emphasis on leveraging public and private funding to support community-based development.
DL3 Realty has a successful track record of community transformation, executing high-impact development projects that leverage funding from multiple sources, including public subsidies and private grants, with a focus on community impact, urban revitalization, and providing quality housing options.
Who We Are
DL3 Realty is a real estate development firm committed to accelerating the transformation of emerging communities through high-impact commercial real estate projects. We are a rapidly growing entrepreneurial firm seeking ambitious, creative team members comfortable operating across various functions within this agile company.
Position Summary
The Managing Director, Residential Investments (MDRI) leads the sourcing, planning, design, market analysis, financing, leasing, construction, and community impact aspects of residential development and acquisition transactions. This individual will represent the firm within the community, creating awareness about DL3's goals and supporting its mission of neighborhood revitalization.
Required Knowledge, Skills & Abilities (“Must-Haves”)
- 12+ years' experience in commercial real estate development, preferably with experience in a variety of asset classes including, but not limited to Industrial, Retail, Office, and affordable housing; LIHTC and Historic Preservation or New Market Tax Credits experience
- 10 years of experience leading a development team at a development company; must have managed at least 3 staff or more for several years
- The ideal candidate should have strong financial acumen and be highly proficient at developing Excel financial models including sensitivity analysis, IRR, DCF, NPV, and ROI calculations, demographic analysis, and lease economic analysis including net effective rents understanding their strengths and challenges
- Should be experienced at negotiating and crafting institutional quality letters of intent, leases, general contractor agreements, architect contracts, etc.; must possess strong experience in remediating environmental issues
- Strong knowledge of reading architectural/space plans,acquisition/disposition, negotiating deal terms and conditions, HUD compliance, and financial closing experience
Other Desired Skills & Abilities
- Candidate should be able to show a track record of designing and executing public and private partnerships with municipalities using public subsidies, including new market tax credits, low-income housing tax credits and opportunity zone funds
- Deal management, zoning/entitlement experience, RFPs and experience with environmental issues
- Possess excellent organizational skills, high energy, strong project management skills, and ability to manage multiple responsibilities simultaneously to meet deadlines
- Excellent professional demeanor with the ability to work with a wide range of levels of management and diverse personalities
- A demonstrated ability to work with individuals and organizations across the political and ideological spectrum, and a track record of building credible, trusted relationships in government and, in particular, with the alderman and community stakeholders where DL3 has an active project
- A self-starter with a strong passion for neighborhood revitalization projects and community development in urban markets
- An extremely effective communicator, consistently demonstrating the ability to distill and synthesize complex information clearly and concisely in both written and verbal formats for diverse audiences. An excellent listener who connects authentically with a broad array of constituents and represents the mission and work of the Federation with integrity, poise, and respect
- CCIM Certification or industry-related certification
- Familiarity with urban demographic trends and challenges
- Ability to assess opportunities and lead community engagement efforts effectively
- Passion for community development and urban revitalization
