Managing Director

Our client is a differentiated development platform founded by former Goldman Sachs private investment veterans. The firm focuses on large-scale, complex, long-cycle for-rent projects ($400 million- $1 billion) with a strong emphasis on high-rise and podium multifamily, mixed-use (office, life sciences, tech), and selective master-planned elements. The Core Legacy vertical (led by the President of Development) is not a traditional merchant-build model. It centers on proprietary land strategies, extended land contracts, sophisticated capital structuring, and an internal GP platform that raises both fund- and project-specific capital from a network of 70-100 investors. A separate merchant-build vertical is planned but is distinct from this role. Management uses an EOS-style accountability chart that is more horizontal than classic regional P&L silos. Position The Market Leader and Managing Director serves as the full-cycle quarterback and primary external face of the Boston market while operating within a supported, more horizontal structure (EOS accountability chart) rather than a classic regional P&L silo. The role is designed so the MD remains focused on high-value external relationships, deal sourcing, investor engagement, and strategic oversight, supported by a dedicated Director of Development, market-level owner-representative/construction manager, associates, and analysts. This is a rare opportunity to join a well-capitalized platform at an advantageous point in the cycle, with the ability to help shape a growing Core Legacy vertical and participate directly in the value created. Responsibilities Serve as the primary market leader and "on-air talent" - building and maintaining relationships with land sellers, brokers, politicians, lenders, and investors. Source, underwrite, and advance complex land and development opportunities consistent with the Core Legacy strategy (1-2 deals per market per year of significant scale and complexity). Lead full-cycle development oversight from land control and entitlement through design, financing, construction, and delivery, while leveraging strong internal support resources. Act as the primary point of contact for LP investors, lenders, and internal executive leadership on all market deals. Collaborate closely with the President of Development and cross-functional teams on capital strategy, project economics, and platform priorities. Mentor and elevate the local team (Director/VP, owner-rep/CM, associates/analysts) so day-to-day execution and construction coordination remain highly effective. Uphold and communicate the platform’s differentiated capital structure, clean promote economics, and long-cycle value-creation approach in the market. Identify and pursue proprietary land opportunities with extended contract structures that create differentiated deal flow. Support capital formation efforts by engaging the firm’s network of 70-100 investors and contributing to project-specific capital raises. Qualifications 12-20+ years of progressive real estate development experience with a strong track record on complex urban or dense multifamily/high-rise/podium projects (concrete experience preferred). Proven ability to source and execute full-cycle deals involving significant land acquisition, entitlement, and long lead times. Experience operating as a market or regional leader with external relationship responsibility (brokers, land sellers, public officials, capital partners). Comfort with a horizontal, supported operating model rather than a pure siloed P&L structure. Strong cultural fit with a collaborative, high-integrity, execution-oriented team. Bachelor's degree required; advanced degree (MBA, real estate, or related) preferred. Excellent communication, negotiation, and relationship skills with the ability to represent the platform effectively to sophisticated capital partners and public stakeholders. #J-18808-Ljbffr