Regional Vice President of Development

Job title: Regional Vice President of Development

Department: Development & Investments

Location: Dallas Forth Worth, Texas

Travel required: 0-10%

Position type: Full-time / exempt

Please type “Regional Vice President of Development” in the Reference # field of your application.

Overview: Regional Vice President of Development

The Regional Vice President of Development (“RVP”) will report directly to the Chief Investment Officer and will independently source, analyze, negotiate, close and oversee the execution of new multifamily, ground-up development projects across the DFW area. Additionally, the RVP will coordinate closely with the acquisitions team on sourcing and overseeing the execution of the firm’s value-add projects. 

More specifically, the RVP will help with or will be directly responsible for the following:

Role and Responsibilities

• Independently originating and negotiating land purchases for development of multifamily and single-family homes.
• Coordinate with the Acquisitions team in evaluating value add projects in the region
• Maintain relationships with the brokerage community to access quality land site and acquisition opportunities.
• Coordinate and arrange broad scope due-diligence and feasibility studies, as required, utilizing appropriate consultants where necessary to determine market characteristics and critical attributes of the physical site, as they relate to revenue and cost projections. 
• Create the initial Investment Committee memo document per approved format and required information to obtain approval for a PSA and due diligence.
• Monitor the due diligence process and report regularly on project progress.
• Evaluate and identify the internal and external team members for each project.  Monitor design consultants and engineers from conceptual drawings through construction documents. 
• Manage the process of determining required entitlements and obtaining all related approvals. 
• Make presentations to Design Review Boards, Planning Commissions, City Councils, and community groups if or as necessary.
• Facilitate evaluation of the project design with Us Design, Management, and staff to ensure that the interests of each group are satisfied, progressing through the development process as key milestones (entitlements, pre-leasing, financing, etc.) are achieved and approval is obtained to proceed. 
• Establish, monitor, and drive the project schedule to meet specified goals. 
• Evaluate and establish project objectives to maximize the use of the property and the return on investment. 
• Working with the investment and acquisitions teams, develop, evaluate, and refine the project pro forma. 
• Supervise the preparation of the investment committee presentation and present project for approval at the appropriate intervals.
• Support and monitor the Leasing and Management effort to ensure that project development and financial objectives are satisfied. 
• Evaluate on an ongoing basis the timing of each prospective development and determine which projects should receive maximum attention, based upon the potential profitability of each project at any point in time. 
• Prepare project budgets and schedules and deliver projects in accordance with plan. 
• Interface with in-house Design and Construction personnel from concept studies through bid documents, performing ongoing cost analyses to accurately determine the project cost and identify the most cost-efficient construction means, materials and methods and the related schedule. 
• Supervise design decisions to ensure alignment with the Us Living brand, while minimizing cost. 
• Facilitate and monitor tenant design and construction effort to ensure that the project development and design objectives are satisfied. 
• Maintain and enhance professional skills, abilities and relationships in the multi-family and single-family home industry. 
• Manage multiple consultants and internal cross-functional teams.  
• Manage the regional office team. 
• Make timely, fact-based decisions that balance analysis with decisiveness. 
• Consider all relevant issues and stakeholders when making decisions. 
• Remove obstacles and redirect efforts to move work forward. 
• Embrace Internal & External Partnerships
• Provide insightful, motivating, and constructive feedback to team members. 
• Be sensitive to the nuances of both what you say and how it is said (e.g., tone, feelings, context, and nonverbal cues.) 
• Instill and sustain organization-wide energy and optimism; inspire a “can do” attitude. 

Qualifications and Education Requirements

• Must understand principles of real estate development, design, finance, and construction.  
• 10-15 years of experience in development of significant real estate projects greater than 200,000 sq. ft. in size and/or $50M in total costs, with preference for experience in mixed-use and multi-family projects. 
• Ability to establish new and leverage existing business relationships with government officials, consultants, property owners, brokers, master developers and citizens groups across designated strategic market and submarkets to establish a consistent deal pipeline and new opportunities for both new development and value add acquisitions.
• Effective and outstanding writing and presentation skills. 
• Proficient in the use of Excel for sophisticated

Please type “Regional Vice President of Development” in the Reference # field of your application.

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