LMXD Project Manager/Senior Project Manager

New York, NY, USA Req #228
Thursday, June 6, 2024

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 $16.5 billion in development and investment, and has acquired, built, or preserved nearly 46,000 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:

  • Possess expertise in new construction, mixed-income residential development, with experience in development, construction, design and permitting, preferably within NYC.
  • Ability to manage a real estate development project from inception through completion, with guidance (including underwriting, financing and capital raising, coordination of consultants, design, construction and marketing).
  • 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.
  • Negotiate bank term sheets and documents with assistance, identify and resolve deal point issues.
  • 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.
  • Perform asset management activities, tracking the performance of completed projects and providing support for refinancings and dispositions.
  • Self-motivated and proactive with an established track record of getting things done effectively, independently and in a timely manner.
  • A team player, able to work in an entrepreneurial environment, balance changing priorities, and meet deadlines.
  • A love for cities and an appreciation for complex civically impactful projects.

Knowledge, Skills, and Abilities:

  • Strong financial modeling skills (Excel)
  • Strong Microsoft PowerPoint & Microsoft Word skills
  • Excellent interpersonal and communication skills (oral and written)
  • Strong organizational skills and attention to detail
  • Interest in being part of a close-knit entrepreneurial group that loves helping to transform cities and neighborhoods in socially positive and impactful manner.

Educational Requirements

  • Graduate degree in Finance, Real Estate, Business, Urban Planning, Engineering or other relevant field is helpful but not essential.

Years of Industry Experience Required:

  • PM: 2-5 years of relevant work experience, including previous experience managing development projects.
  • SPM: 4-7 years

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 $125,000.00
  • Max Hiring Rate $158,000.00