Managing Director of Development, Multifamily

Managing Director of Development, Multifamily

About the Company

Well-capitalized family office growing a multifamily development platform and diversifying investments

Industry
Real Estate

Type
Privately Held

About the Role

The Company is seeking a Managing Director of Multifamily Development to lead the instillation of best practices in ground-up deal sourcing, execution, and delivery. The successful candidate will be responsible for four key areas: leadership, deal sourcing and project inception, finance, and design, construction, and turnover. This role requires a leader who can manage a team of internal development professionals and external consultants, serve as a voting member of the Multifamily Development Investment Committee, and take full P&L responsibility for the multifamily platform. The Managing Director will also be tasked with building and maintaining a strong pipeline of potential development sites, conducting market analysis, and ensuring that all projects align with the firm's investment criteria. Applicants for the Managing Director position should have a proven track record in multifamily development, with a focus on ground-up projects. The role demands a strategic thinker with the ability to lead from the front, a deep understanding of the market, and the skills to negotiate and manage the entire development process. The ideal candidate will be adept at financial underwriting, preparing equity and debt packages, and have experience in design, construction, and turnover. A key aspect of the role is to work closely with the company's leadership to build and optimize the asset and property management teams over time. A background in real estate, finance, or a related field is essential, and a degree in a relevant discipline is preferred.

Functions

• Business Development
• Operations
• Finance