Real Estate and Development Specialist (Grade 26/30, 13009)
OPENING DATE: 05/10/19
CLOSING DATE: 07/01/19 11:59 PM
For over 90 years, The Maryland-National Capital Park and Planning Commission (M-NCPPC) has enjoyed a national reputation for excellence in planning and, today, serves the culturally diverse populations of Montgomery and Prince George's Counties on the border of Washington, D.C. The Montgomery County Planning Department, part of M-NCPPC, provides county-wide planning functions including long range planning as well as reviews of development applications in a diverse built environment of downtown urban districts, suburban communities and agricultural areas.
The Montgomery County Planning Department has pioneered nationally-modeled programs in agricultural preservation, inclusionary housing, and transit-oriented design. Montgomery County is evolving quickly as a model of new suburbanism, shifting away from traditional suburban greenfield development to a greater emphasis on infill redevelopment and urbanizing areas around transit and key corridors.
The Research and Special Projects (R&SP) Division serves as a "think tank" on a broad range of issues affecting land use and the built environment. Our mission is to foster stewardship of Montgomery County's natural and built environment and its communities by understanding the past, examining current conditions and anticipating the future. We do this by providing insightful, understandable and data-driven analysis and policy-relevant research on land use, demographics, economic indicators, real estate and other markets, employment and housing to Planning Department leadership and staff, County officials, businesses and residents, to increase their understanding of our community and inform decisions. Our work helps promote evidence-based, informed and transparent decisions and policies that enhance all aspects of life in Montgomery County.
R&SP seeks a Real Estate and Development Specialist to lead the Division's work providing comprehensive real estate market and financial analysis in support of master plans, development review and real estate economics research studies. The Real Estate and Development Specialist will work across divisions to help ensure that plans and policy recommendations are financially feasible and realistic given market conditions. He or she will serve as a resource to regulatory staff in evaluating the financial feasibility projects under development review. This position is an opportunity to work on an exciting range of projects, including original research, in a dynamic public planning agency and serve as an important subject matter expert.
The candidate must have experience conducting market and real estate feasibility studies, including building pro formas and conducting discounted cash flow analysis. He or she should have a strong understanding of the principles of land use planning and how the analysis of real estate feasibility and public finance works with the overall land development plan process. In addition to being a creative and analytical thinker, the candidate must have strong presentation and writing skills, strong skills in building ongoing partnerships with internal and external stakeholders, and the ability to distill and communicate findings from complex analysis that are understandable to and influential for a range of audiences, including interdisciplinary planning department staff, planning board members, and the general public.
The Montgomery County Planning Department is conveniently located in downtown Silver Spring. Accessible by the Metro and MARC trains. The Maryland-National Capital Park and Planning Commission offers excellent benefit and competitive salaries.
EXAMPLES OF IMPORTANT DUTIES:
The Real Estate and Development Specialist will be expected to perform the following activities:
- Serve as the primary subject matter expert on real estate market and development feasibility analysis for master plans, development review, research studies, and other short and long term land use policy issues.
- Conduct analytical studies of County real estate market and economic conditions for a range of product types.
- Develop financial models to analyze build out scenario feasibility for master plans.
- Conduct residual land value analysis to assess redevelopment potential of sites at different densities.
- Provide technical expertise and training on real estate economics to planning staff.
- Collaborate with interdisciplinary professionals on master plan teams to develop recommendations and implementation strategies that are feasible given market conditions.
- Develop clear and compelling presentations to the Planning Board, County Council, County Executive, County Departments, and other key regional stakeholders.
- Build relationships and coordinate with partner agencies, such as Department of General Services, Montgomery County Economic Development Corporation, etc.
- Develop scopes of services and manage work of outside consultants conducting additional real estate market and feasibility studies.
ONE POSITION will be filled at either of the following levels, based on qualifications of the candidate:
- For Master Planner (Grade 30)
Master's degree in planning, real estate, finance or equivalent disciplines related to the job functions and six years of progressively responsible professional level research experience that includes at least three years of project leadership and coordination experience, OR an equivalent combination of education and experience.
- For Planner Coordinator (Grade 26)
Master's degree in planning, real estate, finance or equivalent disciplines related to job function and three years of progressively responsible professional level planning experience at the journey level; OR an equivalent combination of education and experience.
ADDITIONAL DESIRED SKILLS
- Advanced user of Excel
- Experience with Costar and other real estate data sources
- Experience with public-private partnerships and infrastructure funding
- Previous experience working with government agencies is desirable
- Master Planner: $70,213 - $122,367 annually
- Planner Coordinator: $60,326 - $103,429 annually