40 Under 40: Armen Hadjimanoukian, Director of Development, Ovation Development Corporation

Armen Hadjimnoukian

Armen Hadjimanoukian plays a pivotal role in overseeing the design and construction of Ovation Development Corporation’s diverse real estate portfolio. A former intern at Ovation, Hadjimanoukian has dedicated his career to market-rate and affordable housing communities that contribute to tackling housing challenges head-on.

Hadjimanoukian is currently overseeing the planning, construction and development of 13 new multifamily projects, including three affordable housing communities which will add more than 3,700 units to the Ovation portfolio. He recently played an instrumental role in the development of 20 multifamily communities comprising more than 4,100 units. And he was also involved in the construction management of nearly 900 units across four communities, with a total development value exceeding $175 million and spanning more than one million square feet.

“On any given day, I need to pivot between roles, acting as a civil engineer, designer, finance expert, demographic specialist, energy consultant and community advocate,” Hadjimanoukian said. “Balancing these diverse responsibilities while ensuring our projects align with the needs of the community is both demanding and deeply rewarding.”

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