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Project Coordinator

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Lincoln Avenue Communities

2024-11-05 15:39:33

Job location Santa Monica, California, United States

Job type: fulltime

Job industry: Administration

Job description

About Lincoln Avenue Communities

Welcome to Lincoln Avenue Communities (LAC)! We are a dynamic and entrepreneurial real estate private equity firm that strengthens communities. As a developer, investor, and operator, we provide sustainable, high-quality homes for lower-and moderate-income individuals, seniors, and families across 28 states. With a portfolio encompassing 150+ properties and 20,000+ units, we are committed to creating lasting impacts on the lives of our residents and the communities we serve.

About This Role

Lincoln Avenue Communities (LAC) is seeking a junior Project Coordinator to join our experienced team of real estate professionals who manage the development of affordable multi-family rental properties. LAC has a robust development pipeline and an aggressive plan to grow its national portfolio. The Project Coordinator will provide additional capacity to the company's development and transactions team.

The Project Coordinator will support the execution of our development plans through the closing of each transaction. The Project Coordinator will support a lean team and be involved in all aspects of the transaction process through collaboration with third-party partners, the Finance team, the Legal team, the Asset Management team, and the Construction team. The Project Coordinator will follow each property through its full development life cycle and contribute to on time and efficient closings, while maximizing portfolio performance and gaining wisdom and best practices from each transaction.

This role offers an exceptional opportunity for a junior professional to gain hands-on experience and deepen their understanding of the key processes involved in closing real estate acquisitions and developments.

This is a hybrid position based in our Santa Monica HQ with an expectation of being in the office 3 days a week.

Requirements

What You'll Do

Track development approval timelines and coordinate with internal and external parties to complete due diligence on time. Work with financing partners and consultants from site control through closing, while maintaining development schedules.

Manage financing applications for sources such as LIHTC, RAD, HOME Funds, CDBG Funds, and AHP Funds, including associated checklists and documentation.

Maintain internal reporting systems (e.g., Dealpath, Smartsheets) and ensure accurate updates on financing and zoning requirements.

Support the development team with contract reviews, accounts payable, and coordination with external partners (e.g., architects, property management, insurance providers, general contractors).

Oversee due diligence checklists and provide organized reviews.

Handle multiple projects simultaneously, each with unique timelines and priorities.

Take comprehensive notes during large group meetings to capture key action items.

Provide application support for financing, zoning, and banking processes.

Utilize project management software to track tasks and ensure timely completion.

Support the Project Partner by handling a variety of administrative tasks, including scheduling meetings, arranging travel, processing expense reports, and performing other duties as needed to ensure smooth project operations.

Perform additional duties as assigned.

What You Bring

Proficient in Excel

Experience with project management, including managing timelines, coordinating multiple stakeholders, and using project management tools is highly advantageous.

Detail and process-oriented with a drive to keep the development approvals on time.

Self-starter with the ability to work independently while also comfortable interacting with and collaborating with internal and external partners.

Aptitude for creating strong internal relationships within LAC. Must be a strong collaborator among peer groups within the company.

Passionate and aligned with the company's double bottom line mission: generating appropriate returns for investors and managing great, stable communities for our residents.

Demonstrated experience or knowledge of managing real estate closing and/or coordinating legal documents.

Knowledge of affordable housing finance programs (e.g., LIHTC, RAD, HOME Funds) and working with public agencies or community development organizations is a strong plus.

Your Education and Experience

Associate's or Bachelor's degree, ideally in Real Estate, Finance, Business Administration, Urban Planning, or a related field would be preferred.

1-3 Years of Experience in Real Estate, Investment, or Finance. Experience working in fast-paced financial firms is preferred.

Previous experience coordinating transactions, managing projects, or supporting closing processes is valuable.

Proficient in using Microsoft Word and Adobe Acrobat.

Benefits

What We Offer

The expected base salary for the role is $75,000 - 90,0000. This represents the current range and is subject to change. To determine starting pay we carefully consider a variety of factors, including primary work location and an evaluation of a candidate's skills, experience, market demands, and internal parity. Our comprehensive total rewards package offers more than just a salary.

Benefits include:

Performance-based bonuses

Full medical, dental, and vision coverage for you and your dependents

401(k) plan with employer matching and immediate vesting

Life and disability insurance

Generous PTO, holidays, and sick time

Paid parental leave

Employee referral incentives

Fun company and team-building events

Continuous learning and development opportunities

Equal Employment Opportunity

LAC is an equal-opportunity employer. We prohibit discrimination and harassment of any kind and afford equal employment opportunities to employees and applicants without regard to race, color, religion, sex, sexual orientation, gender identity or expression, pregnancy, age, national origin, disability status, genetic information, protected veteran status, or any other characteristic protected by law. At LAC, we conform to the spirit and the letter of all applicable laws and regulations.

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