Vice President of Development

About the Job:

We are currently seeking an experienced Vice President of Development to serve as the lead development partner for a prominent company. The VP will be responsible for establishing new business relationships, identifying market rate multifamily development opportunities, and structuring transactions. The role requires the ability to build and maintain a marketing and sales plan aimed at securing development projects within a targeted region.

Key Responsibilities:

• Identify and negotiate real estate development opportunities, including letters of intent and purchase agreements.
• Build and maintain relationships within the local real estate market to stay informed on new project opportunities.
• Evaluate market and financial feasibility for proposed projects.
• Prepare presentations and reports for executive and investment committee reviews.
• Oversee the transaction phase, including collaboration with the finance team to create proformas, due diligence review, and managing third-party consultants (civil, environmental, architecture, MEP, etc.).
• Engage in contractor selection and negotiation of Guaranteed Maximum Price (GMP).
• Lead the disposition efforts on completed projects.
• Assist in obtaining entitlements, approvals, variances, and attend zoning or city council meetings as necessary.
• Manage the project design through the various phases from concept to construction documents.
• Support capital market activities, including engaging with equity and debt partners and conducting market tours as needed.
• Attend OAC (Owner-Architect-Contractor) meetings during construction and manage owner change orders and monthly draw requests.
• Collaborate with the leasing team during the lease-up phase.
• Achieve specified business development goals, while maintaining client relationships and providing market updates to leadership.
• Occasional regional and out-of-region travel required.
• Stay active in industry organizations and attend relevant events.

Qualifications:

• BS or MS in Real Estate, Business, Finance, Architecture, or a related field, or an additional 10 years of real estate development experience.
• At least 8 years of experience in real estate development with demonstrated success in multifamily transactions.
• Proven track record in leading or supporting multifamily development projects.
• Extensive network among real estate professionals in the region.
• Strong verbal and written communication skills.