Vice President of Development – Multifamily Assets

United States
job duties:
  • Manage the entire development cycle of assigned properties, ensuring successful completion within budget and schedule.
  • Provide timely preliminary feedback based on industry knowledge, market dynamics, design trends, and project cost information.
  • Cultivate relationships with contractors, developers, property owners, civic organizations, government officials, and the brokerage community.
  • Strategize with the leadership team on the initial planning process, including conceptual design direction and evaluation of alternatives.
  • Consider potential entitlement challenges, market conditions, and required investment returns when making strategic decisions.
  • Review and assist with proforma underwriting to ensure viability and consistency with investment objectives.
  • Plan, organize, and conduct regular project team meetings to keep projects on schedule, within budget, and aligned with quality objectives.
  • Identify challenges and opportunities during the development process and provide efficient and creative solutions.
  • Communicate suggested changes to the leadership team for effective implementation.
  • Evaluate the impact of technical advice on the business plan and projected returns.
  • Consult with the leadership team to provide creative solutions and alternatives for potential deal challenges.
  • Prepare monthly reports, including updates on budget, schedule, and market conditions.
  • Assess potential impacts to the business plan and investment returns and communicate findings to the leadership team.
  • Collaborate with the leadership team throughout the entire process, including marketing/leasing plans, change orders, and strategic decisions.
  • Ensure a smooth transition to the assigned Regional Vice President and property management team upon project completion.
  • Bachelor's Degree in business, real estate, finance, architecture, urban planning, or related major.
  • MBA, MRED, or advanced degree preferred.
  • 10+ years of experience in multifamily development, redevelopment, and acquisitions.
  • Demonstrated experience in conceptualizing, site planning, programming, and navigating government/zoning regulations.
  • Proficient in reviewing conceptual design plans and specifications, as well as real estate legal documents.
  • Strong project management experience, including contractor and consultant selection, contracting, and management.
  • Direct experience in negotiating development and construction-related contracts and procuring entitlements.
  • Ability to analyze and interpret econometric research, zoning regulations, and real estate legal documents.
  • Proficiency in Microsoft Excel for budgeting and financial projections.
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