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Fairstead

Develops and manages affordable apartment communities

Director – Development Operations

Real Estate Property ManagementPosted on Nov 11
Full-timeNew York, NY, USA$185k - $250kIn-person

About the Job

Requirements

  • A bachelor's degree is required; an advanced degree is a plus.
  • 13–16 years of experience in New York City multifamily investment oversight or property management, including direct experience with rent stabilization or regulation.
  • Deep knowledge of New York City-specific housing regulations, local laws, and Housing Quality Standards requirements.
  • Strong financial analysis and reporting skills.
  • Proven experience leading capital events, including dispositions, refinancings, and recapitalizations.
  • Experience working directly with lenders, institutional and joint venture investment partners, and public housing authorities, including partner capital calls and funding requests.
  • Demonstrated ability to build, lead, and develop a team.
  • Proficiency in Microsoft Office Suite.
  • Comfort using AI tools to support daily work, with adaptability to adopting AI-driven processes as tools and workflows evolve.

Responsibilities

  • Own business plan execution and investment oversight for all Fairstead-owned assets in New York, serving as the single point of accountability for the New York portfolio.
  • Serve as Fairstead's primary point of 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, limited partner buyouts, and other recapitalizations, from positioning through closing.
  • Oversee lease-up of new and repositioned assets to support stabilization and refinancing.
  • Serve as the firm's internal expert on New York-specific regulatory requirements, including rent stabilization, rent regulation, local laws, Housing Quality Standards, and capital expenditure programming.
  • Oversee the unique requirements of mixed residential and commercial assets within the New York portfolio.
  • Partner with Property Management on New York-specific compliance and business plan execution, including improving rent collection rates and working with internal and external partners to keep all buildings in compliance with applicable local laws.
  • Ensure rents are maximized to the full extent legally allowed under rent stabilization, rent regulation, and applicable subsidy programs.
  • Coordinate with the broader Development Operations and Development teams on New York-specific deal transitions and stabilization, taking full ownership of transitioned deals and driving them to stabilization and target returns.
  • Build and lead a team supporting the New York portfolio as it grows.
  • Represent Fairstead on New York-specific regulatory and industry matters.
  • Incorporate AI tools into daily workstreams where appropriate to improve the speed, quality, and consistency of work, and stay current as new tools are introduced.

Desired Qualifications

  • Experience with mixed residential and commercial investment oversight.

About the Company

Fairstead

Develops and manages affordable apartment communities

Fairstead is a real estate company focused on creating affordable communities across the United States. It operates a full‑stack platform with in‑house teams for acquisitions, development, construction, asset management, and property management, and it owns and manages more than 27,000 apartments in 28 states. The company’s product is carried out by coordinating land and building acquisition, development and construction, then ongoing management and operation of affordable housing communities through its in-house teams. Fairstead differentiates itself by offering an end-to-end platform with control over every step of a project from purchase to long‑term management, combined with a nationwide footprint and a mission‑driven commitment to affordable housing. Its goal is to expand access to safe, affordable housing by growing and managing communities at scale while maintaining quality and community impact.

Company size
201-500
Company stage
Not listed
Total funding
Not listed
Headquarters
New York City, New York
Founded
Not listed

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