Real Estate Coordinator

Memphis Medical District Collaborative

Job Description

OPEN POSITION: Real Estate Coordinator at the Memphis Medical District Collaborative (MMDC)

The Memphis Medical District Collaborative (MMDC) seeks a qualified Real Estate Coordinator to join our growing team. Established in 2016, MMDC is a not-for-profit, community development organization committed to strengthening the communities between and around its anchor institutions – major healthcare and educational institutions – including ALSAC / St. Jude Children’s Research Hospital, Baptist Health Sciences University, Le Bonheur Children’s Hospital, Methodist Le Bonheur Healthcare, Regional One Health, Shelby County Health Department, Southern College of Optometry, Southwest Tennessee Community College and University of Tennessee Health Science Center. Together, these institutions have more than 25,000 employees, 8,000 students, collective spend of $1.3 billion, and control more than 300 acres of real estate. The Memphis Medical District is also home to more than 10,000 residents. These institutions, along with local and national philanthropy, area corporations and collaborative community partners, support the work of MMDC to revitalize the Memphis Medical District, and make it a preferred destination to work, live, learn and visit.

Title	Real Estate Coordinator
Reports To	Director of Real Estate and Economic Development
Summary	We are seeking a full-time Real Estate Coordinator to join our dynamic Real Estate and Economic Development team. Specifically, MMDC’s Real Estate Department is focused on encouraging investment, development, and execution of real estate development in the Memphis Medical District. This department works namely to: increase the area’s housing supply; strengthen its commercial corridors; expand the ecosystem of those working, building and developing in the Medical District to be more reflective and inclusive of the neighborhoods MMDC serves; and invest in and support projects that apply development principles according to MMDC’s Real Estate Impact Assessment Tool which focuses on vibrancy, prosperity and equity. The department maintains and administers a suite of financing tools for investment into real estate projects. The successful candidate will have a deep understanding of real estate and economic development strategies. They will be committed to working closely with our network of medical and educational anchor institutions, advisers, developers, local businesses, and community leaders. The candidate must be an energetic, self-starter, who is well organized, and capable of functioning in a very independent situation.
Experience and Education	? Bachelor’s degree in business administration, real estate, finance, public administration or related field

	? A minimum of five years of experience working in a real estate and/or economic development role ? Excellent presentation skills ? Ability to communicate clearly and effectively ? Strong project management, time management and organizational skills ? Skilled in Microsoft Office Suite and Google Workspace ? Master’s degree, TN Commercial Real Estate license and/or Economic Development Finance Professional certification is a plus
Starting Salary	$50,000 - $65,000 commensurate with experience
Key Benefits	? Hybrid schedule ? Generous benefit package ? 401(k) employer match ? 20 Days per calendar year of paid leave ? At least 10 office closing days for public holidays ? Up to 10 remote workdays while traveling ? Phone reimbursement

Essential Duties and Responsibilities:

? Support the development and implementation of MMDC’s real estate strategy and economic development portfolio of related programs and incentives
? Develop and coordinate neighborhood-focused planning efforts across MMDC’s Real Estate, Economic Development, Streets and Public Spaces, and Communications & Engagement teams
? Promote and process MMDC’s grant and incentive programs, as related to inquiries, applications and check requests
? Analyze financial statements and other loan documents (e.g., profit and loss, balance sheet, appraisals, construction plans, surveys, contracts, etc.) to prepare projects for underwriting through MMDC’s suite of financing tools
? Provide technical assistance to existing and new real estate projects within the Medical District
? Assist with the development of small area plans and neighborhood profiles throughout the District
? Support the revitalization of vacant and underutilized storefronts in the District through recruitment and retention efforts
? Support Director of Real Estate and Economic Development in compliance with all contractual requirements through Program-Related Investments (PRI) and Memphis Medical District Investment Funds (MMDIF).
? Assist and support in the development of the "Mind Your Business - Real Estate Edition" series
? Assist in the planning, design, and production of grant committee and board-related presentations
? Contribute to the development, monitoring, and delivery of annual key performance indicators that support MMDC’s mission and strategic plan
? Represent MMDC at meetings, events, and tradeshows

? Promote the new MMDC Partnership Program and actively seek grants and sponsorships that support the real estate department

Submittal

If you are interested in applying, please submit your resume and cover letter to careers@mdcollaborative.org. Applications will be evaluated on a rolling basis so please submit as soon as possible. In your cover letter, let us know why you are interested in this type of work and specifically, how your past experiences in real estate and/or economic development make you an ideal candidate for our growing not-for- profit, community development organization.

NO PHONE CALLS. For more information: www.memphismedicaldistrict.org