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Associate Director - Development

Company is confidential
Salary
Competitive
Employment
Full Time
Work Place
Office
Real Estate Field
Location
Durham
 NC
Postal Code
27701
Country
United States

This job is no longer active.

Description


Associate Director - Development

Raleigh-Durham, North Carolina

 

COMPANY

Founded in 2011, the company builds and acquires high-quality mixed-use and multi-family developments throughout Texas, Southwest, Southeast, Mid-Atlantic and Pacific Northwest. The company and its affiliates are fully integrated, combining development, general contracting, asset management and accounting services.  In the last ten years, they have developed or currently have in development over 15,000 units in Dallas-Fort Worth, Austin, San Antonio, Houston, Phoenix, Las Vegas, Denver, Seattle, Portland, Raleigh-Durham, Washington, DC and Palm Beach County, Florida, with a total value of those properties exceeding $3.0 billion.

 

OPPORTUNITY

Reporting to the Managing Director – Carolinas headquartered in Durham, North Carolina, the Associate Director - Development will facilitate the development of multiple projects. This person will work closely with the Managing Director – Carolinas.  Specific duties for this position include the following:

 

  • Assist Managing Director – Carolinas during due diligence, including coordination of consultants during pre-acquisition and pre-construction due diligence
  • Perform financial analysis and due diligence for new development opportunities, assisting in underwriting and cash flow analysis;
  • Research and analyses: benchmark economic activity in target markets by tracking rents, sales comparables, operating costs, competitive supply and economic expansion activity;
  • Assist in preparing business plans, including deal/Investment Committee memorandums, financial forecasts and strategic plans and facilitating pitch meetings/calls with lenders/equity partners.  
  • At the direction of the Managing Director, assist in developing the project program with land planner, architect within the constraints of the project (physical, zoning and market) and work test fit iterations from concept through schematics, design development, etc.
  • Research potential sites by physically observing and visiting to better understand the market;
  • Attend OAC and other milestone meetings and prepare required reports for ownership;
  • Assist in coordinating construction draws, responding to RFI’s, forecasting project budgets and cash flows, assisting in project cost reporting and managing project deliverables;
  • Review vendor proposals, negotiate agreements, maintain vendor relationships, and process invoices;
  • Assist in meeting coordination/scheduling, documenting meeting minutes, and file organization (electronic and physical) as directed.
  • At the direction of Managing Director – Carolinas, work with Vice President Construction – Carolinas in facilitating the execution of the business plan for each project and assist in achieving the objectives of the Carolinas Division of TRG.

 

REQUIREMENTS

The ideal candidate for this position will have some formal education in building construction, engineering, architecture or a related field (although a 4-year degree is not a requirement but is strongly preferred), plus a minimum 7-10 years of development related experience in multi-family and/or mixed-use sector of the industry. Ideally, the candidate will have recent experience as a Development Associate or Development Manager (select candidates at a less tenured position will be considered). This individual will be self-directed, “production” and “bottom-line” focused and familiar with all phases of development, from pre-construction through project close-out.

 

Additional skills or attributes the ideal candidate will possess include the following:

  • Hands-on knowledge of multifamily construction and related building codes, including wrap, podium and HD surface-parked and typical garden.
  • Understanding of Type I (podium), Type III/Type V building types as well as the A/B variations and the interrelationship between them.
  • Demonstrated ability to solve technical, scheduling, and cost issues
  • Excellent organization, analytical and communication skills – both verbal and written
  • This position requires a professional, polished, organized self-starter with an entrepreneurial spirit and a strong desire to achieve
  • Strong interpersonal skills, with a proven track record of building successful teams
  • A strong work ethic with the ability to oversee and handle multiple responsibilities
  • Proficient in the use of computer-based production programs, such as Microsoft Project
  • An understanding of subcontract agreements, qualifying subcontractors and experienced in contract negotiations
  • The ideal person for this job will be a proven leader with high energy and a good attitude and the highest level of integrity

 

COMPENSATION

The chosen candidate will receive a highly competitive salary and benefits and a yearend discretionary bonus. Company will be specific on compensation upon submittal of resume and initial engagement by Company with Candidate.

 

Job Sectors


 

Experience


7+ to 10 years


This job is no longer active.

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