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Development Manager/Associate

Development Manager/Associate

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.

Responsibilites

  • 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.

Requirements

  • 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.

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