Gillian Executive Search, Inc. - recruiters in real estate development, construction and architecture
Development Project Manager: Reporting to the CEO, the successful candidate will have in depth, hands on experience in all aspects of (town-home style ) multi-family rental housing development, finance and construction. The work will involve a focus on new construction workforce housing communities throughout Southern California. The Development Project Manager will be responsible for all aspects of their projects including: entitlements, design, financial analysis and modeling, deal memo preparation, due diligence, legal oversight, budgeting, and construction. This position is a key team position that will provide the candidate significant professional growth and exposure to all aspects of a workforce housing rental development project.
This position will be based in Long Beach, California. It is not a remote position.
Responsibilities include, but are not limited to:
● Financial Analysis: Manage project proforma, development cost and cash flows.
● Acquisition: Perform financial analysis and due diligence for new development opportunities, assisting in underwriting and cash flow analysis
● Planning and Design: Assist with management of consultant team, including architect, engineers, energy and other consultants. Oversee deliverables and keep team on track utilizing cloud based project management systems.
● Entitlement Processing: assist with applying for and obtaining land use approvals and building permits. Assist in preparation of community outreach documents, and attend community outreach meetings.
● Operations: Assist in preparing budgets and schedules, cash flow projections, deal memorandums, financial forecasts and strategic plans.
● Construction: Assist construction management team in coordinating loan draws, forecasting project budgets and cash flows. Attend draw meetings and coordinate with construction manager and purchasing manager.
● Lease up/Marketing: Assist in meeting lease up targets, coordinating with asset management team and property management company.
Housing development experience is required.
● Minimum Bachelor’s Degree; preferably in real estate, business administration, public policy and planning or a related field.
● 4 – 6 years of experience in all aspects of multi-family housing development and finance.
● Strong quantitative and MS Excel, Word, PowerPoint, Project skills are a prerequisite.
● Strong project management skills, results-driven, with ability to manage multiple
● Complex thinker of high intelligence and demonstrates strong intellectual curiosity. ● Keen attention to detail
● Effective prioritization and organizational skills.
● Ability to multi-task in a fast paced environment.
● High energy; possessed with capability to initiate action
● Must be a team player, but also a self-starter that can perform with limited direction. ● Excellent written and verbal and communication skills.
Desired, but Not Required Qualifications
● Experience in Southern California.
● Knowledge of CEQA, including experience with planning and entitlements processes in California.
● Masters Degree in related field.
Compensation
This position can be award to a range of experience level and that experience will dictate salary. On average this position ranges between 125,000 to 140,000 in base salary though if the candidate’s experience warrants, it could go a bit higher.
The is also a discretionary annual performance bonus targeted at 20%
Overview:
Our client is a comination of two outstanding local development firms that have formed a Private Equity Joint Venture to further capitalize and scale their abilities and influence. They value diversity in backgrounds and experiences. They are proud to be an equal opportunity employer and are deliberate about the team and culture we are building. We aim to ensure competitive total compensation that is commensurate with experience, workplace geography, and market standards. They believe in investing in their talent and cultivating a positive, team-oriented environment where every voice is valued. Employees are encouraged to boldly take on new challenges, transcend the status quo, and demonstrate strong entrepreneurial spirit. In its relentless commitment to excellence, they work to foster an innovative approach in its team members so that they can positively impact the communities in which they conduct business.
One side of this team brings more than 30 years uniquely proven investment strategy and expertise to nearly all product types, from multifamily to industrial and even hotels. The other has a 22-year track record of delivering successful apartment communities throughout California and the Western United States, and is the innovator of the housing model, which pairs private capital with middle income multi-generational rental housing.
Combining this rich history and unique development concept, the partnership aims to serve the “Forgotten Middle” of working class, multi-earner and multigenerational households while producing superior returns to investors. Their team is bringing to market a truly unique multi-generational economic sharing built-for-rent real estate development strategy to address today’s underserved new construction rental housing market. The innovative 5 bed, 4 bath, 3 story workforce housing product type called Urban Town House serves the “Forgotten Middle” or middle-class working families in need of new housing that fits their economic situation.
The strategy will capture the deeply underserved multi-generational , multi-earner family housing market with tenant incomes generally at 80% to 120% Area Medium Income (AMI). (“The Forgotten Middle”)
Don’t wait, join this exciting team and grow with them!
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Gillian Executive Search is a leader in workforce midde-income housing real estate development recruiting