Developer

Locations: Houston, Texas (US-TX-Houston)

Requisition ID: 2026-3148

Role Summary

The Developer assumes full responsibility for the successful completion of multi-faceted real estate development projects—both market-rate and affordable—from inception through construction completion and lease-up. The role requires leadership of an in-house development team, management of external consultants, and oversight of multiple projects at varying stages of development. Strong financial skills, creative thinking, leadership, and effective communication are essential.

What You’ll Do

Identify and evaluate real estate development opportunities
Determine site suitability and financial feasibility for viable projects
Report directly to the Chief Financial Officer regarding predevelopment expenditures, development cash flow, and development capital requirements
Draft and finalize professional RFPs and RFQs
Establish strong public-private partnerships
Deliver professional PowerPoint presentations to financiers, municipalities, and community constituents
Develop realistic project budgets and schedules
Coordinate land-development approval processes and project entitlements
Assemble, lead, and manage internal and external development teams, including financiers, architects, engineers, contractors, and legal counsel
Manage site control documentation, loan agreements, equity documents, and partnership agreements
Collaborate with architects and engineers on development design
Oversee contractors and construction professionals to ensure on-time, on-budget delivery
Coordinate the lease-up of completed developments and maintain full information flow regarding limiting criteria
Manage and motivate the in-house development team
Schedule and coordinate logistics for development meetings
Balance internal and external stakeholder input in a timely and diplomatic manner
Keep team leaders informed of project status, priorities, and issues

Required Qualifications

BA or BS degree
At least four years of experience as an Associate Developer or equivalent position
Documented, well-rounded real estate background
Strong analytical and entrepreneurial skills
Demonstrated understanding of project proformas for market-rate and public housing developments
Proven experience with HUD and Housing Finance Agency budget requirements
Experience filing applications for Low Income Housing Tax Credits, Federal Home Loan Bank Affordable Housing Program funds, and other soft funding sources
Strong verbal and written communication skills, including presentation delivery
Demonstrated organizational skills and ability to manage competing priorities
Ability to work under pressure in a fast-paced environment
Proficiency in Microsoft Outlook, Word, and Excel
Attention to detail, accuracy, and speed in task execution
Professionalism, discretion, maturity, and sound judgment
Valid driver’s license, insured vehicle, and ability to travel as required

Compensation & Benefits

Pay range: $110,000 – $135,000 per year, plus bonus based on experience
Eligible for an uncapped performance-based bonus program tied to individual and company results

Equal Opportunity Statement

Pennrose Properties is an equal opportunity employer and considers all qualified applicants without regard to race, color, religion, sex, national origin, disability, or any other legally protected status.

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Developer