High Real Estate Group's real estate development team provides full service, turnkey solutions to our clients' most challenging real estate projects. We are currently searching for an experienced Director - Real Estate Development who will be responsible for the oversight, orchestration, coordination, management and delivery of ground-up development projects including proforma preparation, financial analysis, schedule adherence, revenue and cost control, municipal review and approvals and serve ... more details
High Real Estate Group's real estate development team provides full service, turnkey solutions to our clients' most challenging real estate projects. We are currently searching for an experienced Director - Real Estate Development who will be responsible for the oversight, orchestration, coordination, management and delivery of ground-up development projects including proforma preparation, financial analysis, schedule adherence, revenue and cost control, municipal review and approvals and serve as the Owner's representative.
Description:
The Real Estate Development Division is responsible for identification, control and execution of ground-up development projects and overall project management activities for the High real estate portfolio and provides these internal services to High’s various ownership entities.
As Director - Real Estate Development, incumbent participates in the establishment of the company strategic plan, goals and objectives and adherence and implementation of same. The position reviews operating results against established strategic goals, budgets and schedules.
Qualifications:
10+ years of experience in the real estate related industry with a thorough knowledge of real estate development, underwriting, financing, design, entitlements, and construction project management
Proven track record of delivering multiple large-scale development projects concurrently, on time and within budget.
Specific experience with single-family for-sale product that includes master-planned communities, Lot-sale RFP’s, HOA documentation, implementation and management.
Strong relationships with national, regional and local home builders.
Experience in multiple asset types including multifamily, commercial, retail, and hotel are a plus.
Real Estate Financing experience and strong lender relationships preferred.
Bachelor's Degree required. Master’s degree is desirable.
Essential Job Functions:
Achieve established annual goals as outlined in the strategic plan, through efficient planning, direction and coordination of internal staff and external 3rd-party resources; review performance regularly against goals and take corrective action where required. This shall include active participation in development and management of financial proformas for each project.
Provide assistance to the High Real Estate Group (HREG) team on issues of long-term development planning, particularly related to the real estate services provided to the High family assets as well as to third party customers.
Coordinate internal and external development projects through all federal, state, county, municipal, and public utility reviews and other outside agency approvals.
Represent owners and clients at public meetings for all scheduled entitlements and approvals for designated projects.
Actively pursue new business opportunities for the portfolio growth as well as for fee-based development opportunities, keeping the strategic goals of HREG in focus.
On the owner’s behalf, contract with and oversee all engineering, architectural and design professional activities to maximize projects’ aesthetic and economic potentials in conjunction with the strategic goals of the Owners. This shall include insuring that all required consulting services are completed in accordance with established schedules and budgets.
Supervise the day-to-day activities of all consulting and design professionals reducing unnecessary delays, while improving profitability.
Provide accurate and current project budgets, schedules and proformas via computerized data bases, to the internal and external owner.
Work in formulating strategic plans to further grow the fee-based development segment, as well as develop opportunities for all the related High companies, as appropriate.
Act as day-to-day liaison between Customer Service Teams (CST) members and deliver frequent and accurate updates to the Owner’s representatives and Senior Vice President – Development. Make field decisions, if necessary, on behalf of the owner on all construction projects and/or appraise owner of project issues.
Maintain current knowledge on all federal, state, and local programs as they relate to the financing and development of real estate projects. Recommend business areas that will provide for sound growth and profitability of the company.
Assist with the development of the annual operating budget for the real estate development services section of the Development Division; ensure compliance with approved budgets; install and execute programs of income generation, cost control and cost reduction.
Secure competitive solicitation and organization of bids for development projects through the management of the CST process and HREG architectural, construction, brokerage and operations teams.
Coordinate regular meetings with the leasing, asset management, design financing and construction teams to ensure that all development projects are addressing the needs of the market and the customer in timing and cost control.
Promote favorable image of HREG with customers and endeavor in all activities and associations to further good will of the company.
Any other projects or jobs as directed by the Senior Vice President, Development.
Additional Information:
Annual Volume of development projects: $10,000,000 - $100,000,000
This position will have no direct reports; however, at times will be responsible for day-to-day supervision and direction of the Project Managers and/or Development Managers.
This position will report directly to the Senior Vice President of Development.
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