Director of Real Estate Development

Director of Real Estate Development
Baltimore, MD (On-Site)

Find out more about the daily tasks, overall responsibilities, and required experience for this opportunity by scrolling down now.

Bullpen is partnered with a highly active, mission-driven real estate development organization seeking a Director of Real Estate Development to help lead acquisitions, development execution, public-private partnerships, and complex real estate transactions across a growing portfolio of transformative projects.

This organization plays a central role in shaping Baltimore through mixed-use, commercial, civic, and community-focused developments. Backed by strong institutional partnerships and long-term investment initiatives, the platform offers the opportunity to work on projects that combine sophisticated real estate execution with meaningful community impact.

The Opportunity
This is a highly visible leadership role offering broad exposure across acquisitions, development, public-private partnerships, structured finance, and portfolio strategy.
The Director of Real Estate Development will work closely with executive leadership and play a key role in sourcing, structuring, negotiating, and executing transformative real estate projects across the organization’s growing portfolio.
This role is ideal for someone who enjoys wearing multiple hats across development, transactions, capital structuring, project execution, and long-term portfolio strategy while operating in a collaborative, entrepreneurial environment.

Key Responsibilities
Lead complex real estate transactions including RFQs, RFPs, developer selection processes, and deal negotiations
Drive execution of development projects from underwriting and structuring through stabilization
Structure layered capital stacks utilizing public and private financing sources, including incentive programs and tax credit financing where applicable
Build and analyze financial models, development pro formas, and investment scenarios
Evaluate acquisitions, redevelopment opportunities, and strategic development initiatives
Develop business plans, operating strategies, and capital improvement initiatives to maximize long-term asset performance
Coordinate with developers, consultants, architects, engineers, legal counsel, lenders, and investment partners throughout the project lifecycle
Collaborate with public agencies, community stakeholders, and institutional partners on strategic initiatives
Support innovative financing programs and large-scale redevelopment efforts
Present recommendations and project updates to executive leadership and key stakeholders

What They're Looking For
5–12+ years of experience within real estate development, acquisitions, development finance, transactions, asset management, or related fields
Strong experience executing complex real estate deals and development projects
Strong financial modeling, underwriting, and analytical capabilities
Experience managing multiple stakeholders and navigating complex development processes
Exposure to public incentives, economic development programs, tax credits, or public-private partnerships is a plus
Experience across mixed-use, xsgimln urban infill, civic, commercial, affordable housing, or community-oriented development projects is highly valued
Entrepreneurial mindset with the ability to operate both strategically and hands-on
Excellent communication and relationship management skills

Compensation
Base Salary:

$120,000 – $140,000
Comprehensive benefits package
Long-term career growth opportunity
High visibility within the organization
Direct access to executive leadership

Why This Role
Opportunity to work on high-profile, city-shaping development projects
Exposure to sophisticated real estate transactions and development execution
Unique blend of development, finance, acquisitions, and project leadership responsibilities
Mission-driven platform with meaningful community impact
Collaborative environment with direct access to decision-makers
Long-term opportunity to grow alongside an expanding development platform