Development Manager, Dallas, TX

Job Description

The Development Manager's primary role will be to manage the execution of each project to which he/she is assigned throughout every facet of a project’s development and construction. The position will participate in multiple projects and will touch all aspects of real estate development and interface regularly with executive leadership, third parties, municipal officials, and internal departments.

This role is responsible for the overall business unit performance to budget, schedule, returns, and quality. This role will supervise the training, professional development and work of the Development Associate(s).

Duties & Responsibilities

• Works face-to-face closely with Managing Director in identifying and structuring the capital needs for each project, including leading the construction loan closing.
• Lead overall development process from land purchase, through design and execution, to disposition, including leading all communications to the internal and external project team.
• Cook up the development process from land purchase, through design and execution, to disposition, including leading all communications to the internal and external project team.
• Cook up the development process from land purchase, through design and execution, to disposition, including leading all communications to the internal and external project team.
• Coordinate closely with Capital Markets leading up to financial closing.
• Cook up the development process from land purchase, through design and execution, to disposition, including leading all communications to the internal and external project team.
• Cook up the development process from land purchase, through design and execution, to disposition, including leading all communications to the internal and external project team.
• Coordinate closely with the Construction Manager and Manager – Interior Architecture & Design to approve all design, program, and construction issues as they relate to the business plan.
• Manage Development Associates, and assist in all aspects of pre-development, including project pursuits, financial analysis and underwriting, site feasibility and due diligence.
• Aid and coordinate with the Managing Director and Capital Markets team on the sale of projects, including broker selection, buyer candidates, marketing efforts and due diligence.
• Negotiate and process third party agreements for execution.
• Attend OAC meetings with Construction Manager.
• Prepare business plan for projects under contract, including detailed budget, schedule, program, market, and risk analysis.
• Show good business judgement and maintain fiduciary responsibility of project budget and finances.
• Approve all consultants necessary to execute the project, including due diligence consultants, design team and general contractor.
• Provide monthly reporting to internal development and executive team, as well as to external financial partners and lenders, including draws, financial forecasts, schedule updates, risk analysis and marketing updates.
• Cook up the development process from land purchase, through design and execution, to disposition, including leading all communications to the internal and external project team.
• Coordinate with Development Associate(s) to accomplish the monthly reporting.
• Aid and coordinate with MD and Capital Markets team on the sale of projects including broker selection, buyer candidates, marketing efforts and due diligence.
• Negotiate and process third party agreements for execution.
• Communicate closely with the leasing and property management team for all project marketing, financials, lease rates, concessions and schedule in accordance with the approved business plan.
• Oversee coordination between construction team and leasing/marketing team to ensure execution and delivery meet the business plan.
• Manage investment partner & municipal relations.
• Prepare internal status reports to summarize budget, funding, schedule, and critical open issues.
• Prepare internal bi-monthly project status reports to summarize budget, funding, schedule, and critical open issues.
• Oversee Development Associate in preparing lessons learned list within 30 days of substantial completion of each project and communicate with entire development and executive team so this information is effectively shared and incorporated into the underwriting, planning and execution of future development projects.

Essentials

• Works face-to-face closely with Managing Director in identifying and structuring the capital needs for each project, including leading the construction loan closing.
• Lead overall development process from land purchase, through design and execution, to disposition, including leading all communications to the internal and external project team.
• Cook up the development process from land purchase, through design and execution, to disposition, including leading all communications to the internal and external project team.
• Cook up the development process from land purchase, through design and execution, to disposition, including leading all communications to the internal and external project team.
• Coordinate closely with Capital Markets leading up to financial closing.
• Cook up the development process from land purchase, through design and execution, to disposition, including leading all communications to the internal and external project team.
• Cook up the development process from land purchase, through design and execution, to disposition, including leading all communications to the internal and external project team.
• Coordinate closely with the Construction Manager and Manager – Interior Architecture & Design to approve all design, program, and construction issues as they relate to the business plan.
• Manage Development Associates, and assist in all aspects of pre-development, including project pursuits, financial analysis and underwriting, site feasibility and due diligence.
• Aid and coordinate with the Managing Director and Capital Markets team on the sale of projects, including broker selection, buyer candidates, marketing efforts and due diligence.
• Negotiate and process third party agreements for execution.
• Attend OAC meetings with Construction Manager.
• Prepare business plan for projects under contract, including detailed budget, schedule, program, market, and risk analysis.
• Show good business judgement and maintain fiduciary responsibility of project budget and finances.
• Approve all consultants necessary to execute the project, including due diligence consultants, design team and general contractor.
• Provide monthly reporting to internal development and executive team, as well as to external financial partners and lenders, including draws, financial forecasts, schedule updates, risk analysis and marketing updates.
• Cook up the development process from land purchase, through design and execution, to disposition, including leading all communications to the internal and external project team.
• Coordinate with Development Associate(s) to accomplish the monthly reporting.
• Aid and coordinate with MD and Capital Markets team on the sale of projects including broker selection, buyer candidates, marketing efforts and due diligence.
• Negotiate and process third party agreements for execution.
• Communicate closely with the leasing and property management team for all project marketing, financials, lease rates, concessions and schedule in accordance with the approved business plan.
• Oversee coordination between construction team and leasing/marketing team to ensure execution and delivery meet the business plan.
• Manage investment partner & municipal relations.
• Prepare internal status reports to summarize budget, funding, schedule, and critical open issues.
• Prepare internal bi-monthly project status reports to summarize budget, funding, schedule, and critical open issues.
• Oversee Development Associate in preparing lessons learned list within 30 days of substantial completion of each project and communicate with entire development and executive team so this information is effectively shared and incorporated into the underwriting, planning and execution of future development projects.

Qualifications

Preferred Qualifications:

• Bachelor’s degree in Business Administration, Finance, Real Estate, or related field.
• Minimum of 5 years of experience in real estate development, preferably in multifamily real estate.
• Experience in managing construction loans and overseeing construction projects.
• Strong understanding of financial modeling, budgeting, and forecasting.
• Excellent communication and interpersonal skills, with the ability to work collaboratively with cross-functional teams.
• Ability to manage multiple projects simultaneously and meet tight deadlines.
• Knowledge of local zoning laws and regulations.
• Experience with project management software and tools.

Skills

• Strong analytical and problem-solving skills.
• Excellent written and verbal communication skills.
• Ability to manage multiple projects simultaneously and meet tight deadlines.
• Strong organizational and time management skills.
• Ability to work independently and as part of a team.
• Knowledge of real estate development processes and procedures.
• Experience with project management software and tools.

Benefits

• Two + Weeks of PTO
• Paid Holidays
• Medical, dental and vision insurance
• 401(k) Enrollment Opportunity
• Employer Paid Basic Life and Short-Term Disability
• Paid Parental Leave for Birthing and Non-Birthing Parents (after 6 months)
• Potential opportunity for savings in rent (property and ownership specific)
• Cell Phone Allowance