Director, Development Operations – New York

The role

Own the business plan and investment oversight for all Fairstead-owned New York assets, acting as the single point of accountability for the New York portfolio. Serve as the primary contact for New York lenders, partners and public housing authorities, and lead capital events and team building.

What you will do

• Own business plan execution and investment oversight for all Fairstead-owned New York assets
• Serve as primary contact for New York lenders, joint ventures, institutional investment partners and public housing authority partners
• Ensure all fees owed to Fairstead are collected in full and on schedule
• Lead capital events for New York assets, including dispositions, refinancings, LP buyouts and recapitalizations
• Oversee lease-up of new and repositioned assets
• Serve as internal expert on New York regulations, including rent stabilization, local laws, HQS and CapEx programming
• Oversee requirements of mixed residential and commercial assets
• Partner with Property Management on compliance and improving rent collection rates
• Ensure rents are maximized to the full extent legally allowed
• Build and lead a team supporting the New York portfolio

Required qualifications

• Bachelor's degree
• 13 to 16 years of experience in New York City multifamily investment oversight or property management, including rent stabilization or regulation
• Deep knowledge of New York City housing regulations, local laws and HQS requirements
• Strong financial analysis and reporting skills
• Proven experience leading capital events, including dispositions, refinancings and recapitalizations
• Experience working with lenders, investment partners and public housing authorities, including capital calls and funding requests
• Demonstrated ability to build, lead and develop a team
• Excellent written and verbal communication skills
• Proficient in Microsoft Office Suite
• Comfortable using AI tools in daily work and adapting to new AI-driven processes

Nice to have

• Advanced degree
• Experience with mixed residential and commercial investment oversight

Before you apply

• Must have direct experience with New York City rent stabilization or regulation

About the company

Fairstead is a purpose-driven real estate firm building affordable communities, headquartered in New York with offices in Colorado, Florida and Washington DC. It owns and manages more than 30,000 apartments, including pipeline, across 28 states.