Career Advice - DM Role at Public Affordable Org
After working in asset management for a couple years, I've spent the past 5 years working at a small regional developer working on a large mixed-use development site. That exposed me to the spectrum of mid-rise asset types (market rate, affordable, office, retail, and hospitality), where I oversaw design and construction phases primarily.
I left the firm on my own and took some time off. Back in the market now, but struggling with what the next stop should be given the tight market we're in. I have three offers, one with a public affordable housing organization, one with a regional developer, and one with a REPE in a tier II city experiencing little growth. I know the REPE would be primarily entitlements and design for the next 2 years on a major downtown project and the regional developer role is to backfill a resignation to see through construction and ROW permitting on a project. The affordable org would expose me to the full spectrum of dev phases (acquisitions, entitlement, design, lease-up, etc.) across ground-up and rehabs on day 1.
I was leaning towards the latter because I'd like the reps and want to strengthen my acquisitions/entitlements skillset, but all of my peers have told me its a bad idea. My worry is the experience won't be valued by the private market-rate deal side if I want to make the switch back.
Any thoughts on a move to a public affordable org and its impact on career trajectory would be greatly appreciated!
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