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San Diego, CA
A self-capitalized and vertically integrated multi-family investment and development company is looking for a Development Manager to join their North County San Diego team and execute on their nearly $1billion development pipeline. The Development Manager will assist the Senior Vice President of Development and executive team, acting as a project executive and overseeing all aspects of large scale ground up, multifamily development projects.
The Development Manager will be responsible for site due diligence and the subsequent A&E process through securing necessary construction permits. During construction, this individual works with the in-house construction support team in coordinating with the general contractor and other consultants. The candidate will have a demonstrated track record of taking projects from initial concept through planning, obtaining entitlements, budgeting, design development, construction and ultimately delivering quality projects to the market.
This is a fantastic and unique opportunity to act as a “developer within the developer” along with a group of seasoned and likeminded professionals in a collaborative, high growth environment. The company is in an entrepreneurial, hands-on family office that is in hyper growth mode with a substantial pipeline of suburban, walk up style apartment complexes located in tertiary markets throughout the western United States.
Research, build relationships and expertise about apartment markets in targeted cities.
Identify, underwrite, and close on land acquisitions for multifamily development projects.
Prepare financial, physical, and entitlement analyses of prospective acquisitions.
Prepare and manage detailed project pro formas and financial models in Microsoft Excel.
Work with Construction team to develop and update cost estimates for project as well as incorporate costs within larger project budget.
Engage with city and community stakeholders to secure support for prospective projects with the assistance of management and consultants.
Organize, lead and obtain all necessary entitlements and permits for projects.
Evaluate, select, engage, coordinate and lead architects, engineers, and other consultants.
Manage the design process to reflect the desired vision via the architecture and engineering team to meet business plan goals.
Participate in all owner-architect-contractor (OAC) meetings and lead coordination efforts to ensure design and construction issues are being resolved by the project team.
Manage, review, produce and circulate meeting minutes, submittals, RFIs, change orders field observation and other regular reporting to the project team and appropriate parties.
Lead review of all phases of schematic design, design development, and construction documents to ensure proper coordination of project team.
Work with the Construction and Legal teams to identify potential contractors, obtain bids, negotiate terms, and execute construction and consultant contracts.
Actively seek to identify and implement value engineering and cost saving opportunities.
Secure, review, and monitor construction schedules.
Prepare and compile information to help obtain and manage construction loans, permanent loans, and other financing.
Manage project budgets and engage in job cost accounting and loan draw processes.
Ensure that insurance requirements are attained and adhered to.
Work with accounting staff to produce monthly budget forecast and manage any variances.
Perform periodic site visits to maintain contact with the construction manager and general contractor team to monitor project progress and handle issues in person.
Oversee and assist as necessary with company’s onsite construction manager and third party contractor to manage inspector and other pertinent regulatory agency relationships.
Lead and coordinate the pay application process with the company’s onsite construction manager and accounting staff.
Work with the company’s onsite construction manager to ensure that projects are delivered on time, on budget, and to the required quality standard.
Collaborate and solve project problems to enable work to proceed.
Identify and manage opportunities and risks to achieve the best possible impact on the project’s schedule and financial outcome.
Help coordinate transition from construction to residential operations and initial occupancy.
Prepare regular reports and project summaries on the status of the project.
Provide monthly project and budget updates and as warranted to company’s executives.
Coordinate with asset management, property management, and consultants to develop a comprehensive marketing, branding and leasing campaign with all the required materials and collateral.
Coordinate the opening and furnishing of the clubhouse, leasing office, and model units.
5 years minimum of direct real estate development experience
Degree or professional certification in engineering, architecture, real estate development, or business, or comparable training and experience
Experience with multifamily development projects preferred
Bachelor’s Degree in engineering, architecture, real estate development, or business, or comparable training and experience.
Minimum of five years in multifamily ground up real estate development experience.
Experience in multiple aspects of the real estate development process (acquisitions, financial analysis, entitlement, design, pre-construction, construction management, marketing).
Strong analytical abilities – must be able to navigate a full financial model and reconcile budgets
Organization and attention to detail.
Ability to work in a dynamic, fast paced environment.
Executive presence, communication and leadership.
Master’s Degree or MBA.
Seven years of multifamily ground up real estate development experience.
Emphasis on experience in the design and construction phases.
Ability to work with Company leadership closely and effectively.
High level of energy and ability to get along with all personality types.
Self-sufficient and able to prioritize and delegate.
Attention to detail.
Experience using Microsoft Office and Procore.
Ability to travel as necessary.