Greystar is looking for a Director of Development to lead the execution of the Company's development and new construction strategy by implementing and processing identified development projects for the Region, and by managing all facets and activities related to new development projects.
Key responsibilities will include:
Participate in routine Investment Committee meetings that focus on proposed development projects by making presentations on said projects, working with and assisting the Managing Director of Finance in project financing, and reviewing and providing progress updates on projects under pursuit, under construction and under lease-up.
Manage the pre-entitlement process by maintaining accurate pursuit cost forecasting and reporting, and implement and execute programs and processes to ensure pro-forma development budgets, underwriting, schedules, quality, and standards are met.
Negotiate or assist in the negotiation of complex legal instruments including contracts, easements, term sheets, loan documents, joint venture agreements, municipal agreements, joint development agreements, etc.
Manage complex development projects under construction to ensure developments remain on time and on budget; interact with construction team members and third-party general contractors to achieve business plan goals on specific assets.
Manage third party consultants to identify, entitle, design, finance, permit, construct, lease, manage and dispose of new development projects.
Source new development opportunities, through developing and maintaining relationships with key stakeholders including brokers, consultants, land sellers, equity partners, lenders, etc. in the Region to identify feasible, financeable, and profitable new initiatives.
3+ years of real estate development experience with a background in construction or design.
Deep and broad experience in multifamily development and new construction is preferred.
Dynamic verbal and written communication skills and strong interpersonal abilities.
Strong analytical and quantitative skills, with an excellent financial acumen and high proficiency with real estate underwriting and real estate finance concepts.
Typical base compensation rate depending on experience, except where mandated otherwise: $170,000.00+
Full time and part time employees may be eligible for a bonus program in addition to a base salary dependent on the position offered, and a 401k plan if eligibility is met. Full time employees also are offered a range of medical, financial, and/or other benefits, dependent on the position offered.
Greystar will consider for employment qualified applicants with arrest and conviction records.
Internal Number: R0031792
National Platform with Local ExpertiseGreystar, founded in 1993, provides world-class service in the multifamily real estate business. Our innovative business model integrates the management, development and investment disciplines of the multifamily industry on both national and local levels. This unique approach and our commitment to hiring the very best multifamily professionals have resulted in record growth, making us one of the most respected and trusted multifamily real estate companies in the country.Because our business model includes both investment and service-oriented businesses, we’re able to maintain a constant presence in local markets and create value in all phases of the real estate cycle. Our national platform provides economies of scale, financial sophistication, institutional quality reporting and tremendous capital relationships, while our city offices provide local market expertise and execution.Our dedication to redefining excellence in apartment living means we’re constantly exploring innovative ideas and pioneering new ways to serve our residents and clients. The Greystar team is more than 5,300 team members strong and growing. Check out the latest opportunities.