Development Manager

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 robust $1.0 billion 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.

Responsibilities

  • 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.
  • 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
  • Experience with multifamily development projects preferred
  • Bachelor’s Degree in engineering, architecture, real estate development, or business, or comparable training and experience required. MBA or Masters preferred.
  • Minimum of 5 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.