Managing Director of Development - Multifamily

Job Summary Macdonald & Company are proudly partnered with a Commercial and Multifamily investor and developer in Salt Lake City, UT to appoint a Managing Director of Multifamily Development.The CompanyThe firm are a well-capitalized family office who have been growing out a Multifamily ground-up development platform in recent years, diversifying from their historic roots in value-add investments across Office, Retail, Multifamily and other assets.The RoleWith the growth of a new platform, the company now require a leader to come onboard to help instill best-practice in Multifamily ground-up deal sourcing, execution, and delivery.There are 4 broad elements to this role, as follows:LeadershipLead team of internal development professionals and external consultants in the refinement and execution of firm’s long-term multifamily strategy by harnessing a ‘player/coach’ mentality of leading from the frontServe as a voting member of the Multifamily Development Investment Committee and manage multifamily platform with full P&L responsibilityDeal Sourcing / Project Inception Build the knowledge of potential development sites in the market while cultivating and leveraging relationships with property owners and the brokerage communityDevelop extensive market expertise to understand trends, spot opportunities, and position the firm as a thought leader in multifamily developmentIdentify and pursue development opportunities and select acquisition opportunities that meet the firm's investment criteriaConduct analysis of site quality and location, demographics, market demand, competition, and economic feasibilityPropose the appropriate unit mix, type, scope of amenities, target market, and achievable rents for the developmentNegotiate purchase and sale agreements and oversee transaction closing processManage the entitlement processFinanceLead the underwriting and presentation of opportunities to the Investment Committee for pursuit in accordance with approved budgets and business plansPrepare equity and debt packages and serve as a key member of the team in pursuit of project capitalizationDesign, Construction, and Turnover Identify and lead a best-in-class consultant and support team to achieve cost-effective design and construction execution optimized for site and project dynamics that stays on budget and scheduleCoordinate with construction and property management teams to establish realistic turnover schedules and lease-up budget and strategyWork closely with company eadership to build out market-leading asset management and property management teams over timeOn OfferCompetitive salary, annual bonus, promote/carried interest, profit share.