Jonathan Rose Companies
 
Careers


NEW POSITIONS INTERNSHIPS
If you support our mission and are looking for a collaborative, multi-disciplinary work environment, you will find a career at Jonathan Rose Companies to be both challenging and rewarding. We understand that a successful business is built on leadership, project excellence and a visionary outlook for the future.

Jonathan Rose Companies is an equal opportunity employer that supports and promotes human dignity and racial, ethnic and cultural diversity by taking positive steps to eliminate barriers that may exist in hiring and employment practices. We encourage applications from minorities, women, and persons with disabilities. Company policy prohibits discrimination or harassment on the basis of race, color, religion, national origin, ancestry, sex, age, marital status, familial status, sexual orientation, disability or veteran status.

Salary will be commensurate with experience and qualifications.  Comprehensive benefits provided.  Position available immediately. 


Contact Information
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Please include the name of the position in the subject line of the email.

Fax: (917) 542-3601
No Phone Calls Please

We are currently accepting application for our Spring internship program. 

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THE FREDERICK P. ROSE ARCHITECTURAL FELLOWSHIP

The Frederick P. Rose Architectural Fellowship was established in 1999 by the Frederick P. Rose and Sandra P. Rose Foundation to assist recent architecture school graduates in directing their skills in the service of low and moderate-income communities.

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SUPER UNDERWRITER
NEW YORK CITY OFFICE

We are seeking a Super Underwriter for the Investments team. The position is located in the New York City office.

The acquisition team is responsible for sourcing new investment opportunities, including direct investments and joint ventures, managing operating partner relationships, conducting due diligence (in close coordination with Asset Management), obtaining debt financing, grants and subsidies, conducting closings, creating property-level business plans, coordinating with the Finance and Accounting team, and transitioning new acquisitions to the Asset Management team.  

Position Requirements:

  • 7-10 years of real estate acquisition transaction experience on the principal side.
  • A master’s degree in real estate or master’s in business administration; relevant work experience will be considered.

  • Excellent command of real estate finance, underwriting and pro forma construction, including property level cash flow projections, discounted cash flow analysis, multi-tiered waterfalls, and acquisition joint ventures.

  • Demonstrated experience with regulated affordable housing, including HUD subsidized, LIHTC, mixed-income and mixed-finance.
  • Experience with multifamily and commercial investment product types.
  • Experience working with state housing finance agencies is a plus.
  • Excellent writing abilities for producing cogent investment memoranda and briefings.
  • Managerial experience, including demonstrated ability to provide guidance and mentorship to analysts and fellow acquisition team members.
  • Network of contacts to assist in the sourcing of new investment opportunities.
  • Willingness to travel within domestic US for work.
  • Hands-on, team-oriented personality, with a willingness to lead as well as play supporting role.
  • Advanced skills in Excel modeling (experience with ARGUS a plus).


DIRETOR, MARKET-RATE DEVELOPMENT
NEW YORK CITY OFFICE

We are seeking an experienced professional to expand our capacity to develop market rate/for-sale and rental product either for stand­alone projects, or as integral piece s of larger mixed-use developments.  He/she will manage the time and resources of existing and new projects with market-rate components so that they achieve the company's objectives and are completed on time and on budget.

Position Requirements:

  • Thoroughly understand the Jonathan Rose Companies and its history, mission , programs, finances, and its partners, affiliates and other stakeholders;
  • Know and understand all facets of the Development Group 's existing market-rate projects ; manage project managers and projects so that they are completed on time and on budget and in accordance with the Jonathan Rose Companies' guiding set of principle s; make staffing or other operational adjustments as needed;
  • Lead the efforts to develop a new market-rate building in Brooklyn Heights which is scheduled to break ground by year end. This building will have 130 mixed-income units.
  • Oversee day-to-day project management services from project planning and financial structuring through construction completion and closeout - on one or more real estate development projects ; oversee all financing, leasing, partnership negotiations, architecture, construction contract s and all other legal aspects of market-rate development;
  • Inspire and help lead project managers, encouraging their best ideas and efforts; provide decisive leadership while emphasizing a collaborative relationship throughout the organization and with the network of affiliates;
  • Assist in development and implementation of a business plan and an annual budget for the Development Practice Group;
  • Develop new business opportunities ; cultivate relationships with key constituencies and represent the Jonathan Rose Companies articulately and persuasively to all constituents;
  • Advance the company's application of green building practices. 

Qualifications


  • An established record of success as a project leader, having completed at least six substantial development project s (more preferred), with projects ranging from $20-$100 million in value, including significant experience with for-sale housing and condos, and demonstrated ability to lead complex public/private development partnerships. Experience with mixed-use, retail and office projects also preferred;
  • Demonstrated experience as a group, division or company manager and a mentor, proven managerial skills, developing staff, and fostering a commitment to teamwork and collaborative problem solving;
  • Minimum 10-15 years of experience in market-rate real estate development gained in a for-profit real estate development organization; thorough  understanding of market-rate  development  projects, including overall deal structuring, land planning, the entitlement process, finance, design and construction  management ;
  • Excellent business development skills and experience in marketing, generating business, credibility in community development and affordable housing is preferred;
  • Excellent communication skills (oral and written ), and the ability to represent the Jonathan Rose Companies to a broad spectrum of audiences and environments;
  • Understanding of community redevelopment. Knowledge of Smart Growth principles and green building;
  • A track record of working in partnership with a strong President and Founder, experience at an organization where mutual respect, informality and collegiality were valued;
  • Master's degree in real estate development , planning, engineering or architecture and/or a master's degree in business administration is preferred ;
  • A clear understanding of and commitment to the Jonathan Rose Companies' mission, values, principles and goals coupled with knowledge of green and environmentally efficient building (exposure to affordable housing or mixed  income projects a plus).


AFFORDABLE HOUSING ACQUISITION ANALYST
NEW YORK CITY OFFICE

We are seeking an Analyst to join the acquisition team, which is responsible for sourcing new investment opportunities, including direct investments and joint ventures, managing operating partner relationships, conducting due diligence (in close coordination with Asset Management), obtaining debt financing, grants and subsidies, conducting closings, creating property-level business plans, coordinating with the Finance and Accounting team, and transitioning new acquisitions to the Asset Management team.  

We seek mixed-income and 100% acquisitions with one or more of the following characteristics: properties with project-based Section 8 contracts; Section 42 properties with expiring use restrictions or re-syndication opportunities; Section 236 properties in need of restructuring; other assisted projects catered to low-income residents.

Many of the assets we acquire are in need of capital and energy efficiency improvements, and for this we leverage our firm’s 25 years of experience with building and renovating affordable housing.  

Primary Responsibilities:

  • Screen potential acquisitions for match with underwriting criteria
  • Underwrite and complete new affordable and mixed-income housing investments nationally
  • Perform financial analysis and modeling, verification of income and expense assumptions, and evaluation of range of capital structures and financing relevant to affordable housing
  • Communicate with brokers, property managers, owners, consultants, government/regulatory agencies as necessary to inform accurate property valuation
  • Compile due diligence information for Investment Committee, including market research data, federal, state and local regulatory information 
  • Assist in preparing initial asset level business plan, including documentation of strategy and forecast of financial performance 
  • Complete applications and documentation necessary for obtaining debt financing or Low Income Housing Tax Credits as appropriate 
  • Establish and maintain relationships with brokers in order to assist in sourcing new deals
  • Review pertinent legal documentation and support contract negotiations, including purchase contracts and joint venture agreements
  • Work on portfolio analysis and valuations, as required
  • Travel required 

Qualifications

  • Positive attitude, strong sense of integrity and ethics
  • 2-4 years relevant experience
  • Strong quantitative analysis and financial modeling skills (Excel) are a pre-requisite
  • Willingness to take on new challenges, and structure and manage processes to produce results and meet deadlines
  • Demonstrated ability to solve complex problems, and think holistically while being detail-oriented
  • A strong command of multi-housing finance, including bonds, Low Income Housing Tax Credits, FHA, and GSE
  • Experience working with Department of Housing and Urban Development (HUD), including familiarity with regulations and subsidy programs
  • Excellent verbal and written communication skills 
  • Education:  minimum B.A. or B.S. in Real Estate or Finance; M.B.A. preferred
  • Experience with mixed-use assets, and other product types (i.e. office and retail) is a plus. 


CONSTRUCTION MANAGER
NEW YORK CITY OFFICE
The Construction practice provides a full array of construction services on all projects within Jonathan Rose Companies. The Construction Project Manager role (CPM) is a new position designed to bring dedicated construction knowledge and support to the other practice groups within Jonathan Rose Companies.  Working mainly with the development and owner’s representation practice groups, the CPM will serve as day-to-day contact with third party construction managers/general contractors regarding construction issues and will work closely with development project managers, clients, project accountants and other internal staff to manage the project from inception through completion.

Primary Responsibilities:

  • Provide pre-development/pre-acquisition advisory services on construction related items such as: budget, phasing, and site logistics;
  • Work with in-house team of project managers during preconstruction to review construction budgets prepared by outside Construction Managers/General Contractors to support competitive pricing;
  • Manage value engineering process;
  • Assist in plan review to ensure conformance to Jonathan Rose Companies’ standards and identify constructability issues;
  • Serve as construction period representative for projects in the New York regional market;
  • Attend site project meetings as the Owner’s Representative;
  • Provide on-site support for timely completion of projects, including monitoring inspections, submittals, change orders, requests for information, construction change directives, commissioning, schedule and construction quality;
  • Coordination of project close-out, warranty work, and transition to asset management;
  • Review contracts, contractor requisitions, change order and draw requests; and ensure adherence to budget, schedule, and design goals;

 

    Position Requirements:

    • Minimum BS in Engineering, Architecture, Construction Management or related field;
    • 5-7 years of construction experience.  Familiarity with mid-rise and hi-rise market rate or mixed income multifamily construction preferred;
    • Excellent project management skills;
    • Excellent communication skills;
    • Self-starter with ability to manage multiple complex projects simultaneously and contribute productively in a team environment;
    • Microsoft Office Suite and Microsoft Project, 
    • Familiarity with New York City Department of Buildings and BIS system a plus;
    • Experience with LEED and/or energy management systems a plus; 
    • Experience with institutional and cultural facilities a plus.

     


    SOCIAL WORK SURVEYOR
    NEW YORK CITY OFFICE

    We are currently looking for a Graduate Student to survey the tenants of our properties in Newark and Harlem to discover desired social services we can help to provide onsite. This project is expected to last between three and four months. This is a paid project.

    Qualifications:

    The ideal candidate should currently be enrolled in a master’s program in Social Work and have strong organizational, analytical, verbal and written communication skills.

    Responsibilities:

    • Travel between properties is required
    • Interacting with tenants face to face
    • Provide assessment tool to identify underserved needs of community