Development Manager - Acquisitions & Development
Dallas, TX 75208
will support and be part of the growing Acquisitions and Development team in Dallas. The position will be responsible for managing all aspects of complex development projects from concept through completion, including underwriting, design, entitlement, scheduling, procurement, financing, construction, marketing, sales and lease-up. Qualified candidates will have at least 2 years of experience with residential, mid-rise or mixed-use development projects and have strong competence in both financial underwriting and project management. This is an excellent opportunity for a smart, qualified candidate with a strong work ethic and a positive attitude to grow with the Dallas team.
Primary Responsibilities Include:
Manage complex development projects from concept through execution, including feasibility, due diligence, underwriting, budgeting, design, entitlement, regulatory authority deliverables, scheduling, bidding, procurement, contracting, financing, construction, marketing, sales and lease-up.
Provide leadership and coordination of both internal and external project team members, including architects, engineers, contractors, consultants, attorneys, lenders, partners and owners.
Assume ownership and responsibility for all aspects of a project, anticipating and mitigating risks, maintaining critical path schedules, solving problems, being flexible and wearing many hats as needed to ensure project success.
Formulate, develop and maintain current business plans, schedules, budgets and cash flow projections for assigned projects.
Perform all tasks necessary to obtain all approvals, including submission of land use and permit applications and attendance at public hearings and neighborhood meetings.
Lead acquisition due diligence and feasibility on potential projects as assigned.
Prepare applications for acquisition, construction and permanent financing.
Review and/or prepare market analysis and rent/sales comp analysis to inform, support and recommend specific pricing strategies.
Represent the company in negotiations for contracts, purchase and sale agreements, financing and other binding legal agreements as needed.
Perform all types of administrative tasks associated with development, including the preparation of investment memos, due diligence memos, rent and sales comp analysis, construction loan draw requests, check requests and routine reporting as needed.
Supervise and review the project-related work of a supporting Financial Analyst, including underwriting, budgeting, scheduling, reporting, analysis and market research.
Create, update and/or supervise financial analysis in Microsoft Excel for new acquisition underwriting, ground up development underwriting, construction budgets, property budgets, budget variance, cash flow projections, partner distributions, financing alternatives, recapitalizations, dispositions and ad hoc analysis as needed.
Deal professionally with privileged legal and financial matters of the organization.
Meet regularly with the Director of Acquisitions & Development to provide progress reports, seek direction and resolve challenges.
Work closely with other real estate acquisitions, development, finance, design, construction and investor relations professionals at all levels in the company.
As needed, manage assets that are owned and under management including all stages of development and stabilized properties
Our ideal candidate will have the following qualifications:
Experience & Education
4+ years of postgraduate work experience in residential, multifamily or mixed use development. A Master s degree may be substituted for up to 1 year of development experience.
BA/BS degree, preferably with a concentration in real estate, finance, business, law, architecture or construction.
Excellent working knowledge of Microsoft Excel and ability to create and modify complex financial underwriting models and spreadsheets.
Familiarity with the fundamentals of real estate accounting and finance.
Ability to understand and negotiate legal documents such as leases, contracts and loan documents.
Excellent organization and project management skills with a strong attention to detail.
Ability to uncover market drivers, metrics and data critical to the success of the project.
Understanding of the economic and political dynamics of housing development.
Ability to manage, track and report on numerous complex tasks at the same time.
Working knowledge of PowerPoint, Word, Outlook, and other Microsoft suite programs.
Working knowledge of MS Project and/or Argus a plus, but not required.
Excellent interpersonal and verbal and written communication skills are a primary function, the position requires:
Strong presentation skills
Ability and willingness to travel 10%.
Email resume to: rosa.Berry@lkjordan.Com