Vice President of Capital Construction

Job Description

Vice President, Capital Expenditures & Renovations

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Multifamily Real Estate | Colorado-Based | Executive Leadership Opportunity

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The Opportunity

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We are partnering with an established, growing multifamily real estate organization seeking an experienced Vice President of Capital Expenditures & Renovations to lead capital planning, construction, and renovation initiatives across its portfolio.

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This is a highly visible leadership opportunity for a strategic, hands-on executive who brings strong financial discipline, construction expertise, and the ability to lead people, projects, and partnerships.

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The ideal candidate understands the relationship between capital investment, property performance, and long-term asset value. They are equally comfortable developing portfolio-wide capital strategies, negotiating with contractors, evaluating building systems, and working directly with ownership and senior leadership.

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Key Responsibilities

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Capital Planning & Financial Management

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• Lead annual and multi-year capital planning across a multifamily portfolio.
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• Develop and manage capital budgets, forecasts, project commitments, and expenditures.
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• Monitor project performance, return on investment, budget variances, and emerging capital requirements.
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• Partner with Asset Management and Property Management to align capital investments with operational and ownership objectives.
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• Assessing and Forecasting future needs.
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Construction & Renovation Leadership

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• Direct capital improvement and renovation projects from initial scope and budgeting through construction, completion, and closeout.
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• Oversee unit renovations, common areas, amenities, exterior improvements, and major property upgrades.
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• Manage competitive bidding, contractor selection, contract negotiations, project schedules, and quality control.
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• Conduct site visits, resolve construction challenges, and ensure accountability for budgets, timelines, and workmanship.
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Building Systems & Technical Oversight

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• Provide leadership on major building systems and improvements, including roofing, structural components, building envelopes, mechanical, electrical, plumbing, drainage, paving, and fire/life safety systems.
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• Coordinate with architects, engineers, contractors, and technical consultants.
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• Oversee permitting, regulatory compliance, and applicable safety requirements.
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Acquisitions & Due Diligence

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• Lead physical due diligence for potential multifamily acquisitions.
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• Evaluate property conditions, building systems, deferred maintenance, and capital improvement requirements.
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• Develop capital budgets and scopes of work to support acquisition underwriting and post-acquisition planning.
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Vendor & Consultant Management

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• Build and maintain strong relationships with contractors, engineers, architects, and specialty consultants.
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• Lead vendor procurement, competitive bidding, contract negotiations, and performance management.
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• Coordinate project invoicing, change orders, and lender draw requests with Accounting.
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Executive Leadership & Team Development

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• Lead, mentor, and develop capital construction managers and supporting maintenance teams.
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• Serve as a strategic resource to Asset Management, Property Management, ownership, and executive leadership.
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• Prepare and present capital performance reports, including budgets, project progress, investment performance, and risks.
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• Foster a culture of accountability, collaboration, operational excellence, and continuous improvement.
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What You Bring

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• Bachelor's degree in Construction Management, Engineering, Architecture, Real Estate, or a related discipline.
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• 7+ years of progressive leadership experience in construction, capital improvements, or renovation management.
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• Experience managing capital programs across 5,000+ multifamily units in multiple states
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• Multifamily real estate experience strongly preferred.
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• Proven ability to lead construction professionals, project managers, and maintenance teams.
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• Strong technical understanding of building systems, capital improvements, construction management, and procurement.
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• Demonstrated expertise in capital budgeting, financial reporting, vendor negotiations, and project execution.
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• Experience communicating with senior leadership, ownership groups, and investors.
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• Proficiency with property management and capital reporting systems; Yardi and Banner experience preferred.
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• Ability to travel throughout Colorado and other portfolio markets as needed.
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The Leadership Profile

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Beyond technical expertise, we are seeking a leader who:

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• Thinks strategically while remaining actively engaged in execution.
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• Understands how capital decisions influence asset performance and investment returns.
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• Builds productive relationships across departments and with external partners.
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• Brings financial accountability, sound judgment, and a solutions-oriented mindset.
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• Is entrepreneurial, curious, resourceful, and comfortable in a growing organization.
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• Develops strong teams and creates a culture of ownership and accountability.
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Why This Opportunity?

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This position offers the opportunity to make a meaningful impact on a multifamily portfolio, influence capital investment strategy, and work closely with senior leadership in an entrepreneurial, growth-oriented environment.

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For a leader who enjoys the intersection of construction, real estate investment, financial performance, and people leadership , this is an opportunity to contribute at both the strategic and operational levels.

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Interested in Learning More?

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We welcome confidential conversations with accomplished capital expenditures, construction, and renovation leaders who are ready to explore their next opportunity.

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Please INCLUDE YOUR RESUME WHEN APPLYING.

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Contact Career Options to learn more or express your interest.

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#MultifamilyRealEstate #CapitalExpenditures #ConstructionLeadership #MultifamilyConstruction #ExecutiveRecruiting #RealEstateCareers

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Equal Opportunity Employer

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Our organization is an Equal Opportunity Employer committed to providing a workplace free from discrimination and harassment. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex (including pregnancy, sexual orientation, and gender identity), national origin, age, disability, genetic information, military or veteran status, or any other status protected by applicable federal, state, or local law.

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We are committed to fair employment practices and providing reasonable accommodations to qualified applicants with disabilities and for sincerely held religious beliefs, as required by law.