Description

About Caldwell Companies

Caldwell Companies is an established and growing development, investment and commercial service firm based in Northwest Houston. Caldwell Companies is a faith-based firm that engages in large-scale commercial and residential development, real estate investments, commercial land brokerage, and asset management. Our company culture is a family environment where the individual is treated with respect and accountability that helps foster personal growth and achievement. We have a fun work setting coupled with a fast-paced, exciting, and goal-oriented environment. 

Job Description

The Development Manager works directly with division leadership on the acquisition and execution of projects to meet the strategic objectives of the multi-family team. The Development Manager will ensure a high level of professionalism and foster positive relationships with consultants and clients.

Responsibilities

• Track Multifamily development and investment activity in strategic MSA’s
• Conduct general and specific market/submarket research pertaining to competitive rental properties and investment sales
• Analyze new development sites for acquisition, including market research, supply analysis, demand analysis, job growth and other key economic factors
• Prepare investment committee presentations on potential acquisitions and development projects
• Assist in underwriting of prospective sites for development, including product programming, rental rate analysis, cash flow modeling, and disposition analysis
• Assist in the design, scheduling, and execution of projects
• Prepare market surveys for due diligence by preparing metrics, comparing and analyzing data, and making recommendations
• Manage and monitor the activities of team members hired to perform specific project-related activities including architects, engineers, consultants, and construction professionals
• Monitor and guide project progress with city officials, internal teams, and financing partners
• Prepare monthly project status reports
• Assist in managing and monitoring operating assets to maximize project value
• Prepare and manage disposition data for potential sales of current assets
• Research government regulations pertaining to new development opportunities
• Obtain real property information from public records research
• Assist in creating investment offering packages
• Willing to travel, as needed.

Working Relationships

• Goal driven self-starter with the ability to work independently
• Exhibits selfless service to accomplish team goals
• Ability to work independently on tasks and effectively collaborate with team to promote successful completion of projects
• Ability to work in a small group environment where roles and responsibilities change frequently
• Exhibit willingness to undertake new tasks and seek advice or assistance where necessary to assure timely and appropriate completion
• Ability to communicate effectively with public officials, tenants, vendors, team members and the general public in a professional manner
• Ability to effectively present information in public and professional forums
• Ability to multi-task with great organizational skills

Requirements

• Bachelor’s degree (emphasis on real estate or construction)
• 7-15 years of Multifamily development related experience (graduate study, internships considered)
• Understanding of real estate and/or financial asset underwriting practices and methods
• Ability to read, analyze, and interpret due diligence reports, construction plans, leases, legal documents, financial documents and government regulations
• Working knowledge of ownership rights, interests, property conveyance, title insurance, easements and encumbrances, deed restrictions, eminent domain, and land use regulations
• Working knowledge of the entitlement process including easement issuance or abandonment, utility coordination, zoning changes, and platting
• Experience with project level accounting including budget creation, and job cost reporting
• Experience with property management companies, property owner associations, home owner associations, and municipal utility districts
• Working knowledge of project and time management techniques, methods, and software with demonstrated ability to meet deadlines
• Proficiency with PowerPoint, Outlook and Excel Required