Acquisition & Development Manager, Residential

Job Description

Job Description

Sares Regis Group of Northern California, LLC

Job Title: Acquisition & Development Manager, Residential

Department: Development

Reports to: Vice President, Residential Development

FLSA Status: Exempt

Summary

Acquisition & Development Manager is highly proficient in the fundamentals of real estate development while continuing to learn and grow. He or she will have some basic experience with the acquisition of sites and development of residential product and will work collaboratively, and at times independently, supporting project direction and execution to achieve superior results. Acquisition & Development Manager will support partners, clients and colleagues to achieve both individual and team-oriented success.

Key Characteristics

To perform the job successfully, an individual should demonstrate superior competency in the following key areas:

∙ Leadership : Organizes people and teams for success. Based on input provided from others, both internally and externally, provides ongoing direction to project teams. Displays passion and optimism. Fosters respect and trust. Effectively influences the opinions of others. Inspires peers and subordinates to perform well and mobilizes colleagues to fulfill the vision. Exhibits confidence in self and others. Continuously supports people. Accepts feedback from others and provides recognition for results. Promotes a collaborative team culture of “we” not “me.”

∙ Innovation : Displays a passion for problem solving, and original thinking and creativity. Meets challenges with resourcefulness. Generates suggestions for improving work. Develops innovative approaches and ideas. Presents ideas and information in a manner that gets others’ attention.

∙ Passion : Displays a passion for residential design, product, project positioning, and experience, with a focus on the end user’s experience, the functionality of the floor plans and amenities, and the marketability of the product.

∙ Motivation : Sets and achieves challenging goals. Demonstrates persistence and overcomes obstacles. Measures self against standard of excellence. Implements project business plans to accomplish goals.

∙ Sound Judgement : Displays willingness to make timely decisions and exhibits sound and accurate judgement. Supports and explains reasons for making decisions and includes appropriate people in decision-making process. Displays professionalism in all situations.

∙ Great Communication : Speaks and writes clearly, informatively, and persuasively in positive or negative situations. Listens and learns. Responds well to hard questions. Exhibits strong awareness of surroundings and interpersonal dynamics. Demonstrates potential for strong group presentation skills, participates productively in meetings, and is comfortable speaking in front of groups. Self-edits and self-corrects work for spelling and grammar. Varies writing style to meet needs. Presents written and numerical data logically and effectively. 

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Key Responsibilities

Included, but not limited to, the following:

∙ Site Search, Underwriting & Acquisition : Sources, evaluates, and underwrites land acquisition opportunities (multifamily, for-sale, and mixed-use) throughout the Bay Area, in alignment with the firm’s growth priorities. Cultivates relationships with brokers, landowners, municipalities, and capital partners to support long-term deal flow.

∙ Managing Projects : Supports internal and external project teams through the design and execution of the development business plan. Able to be a “self-starter” on many tasks and responsibilities. Seeks ideas to eliminate obstacles, improve processes and achieve results. Supports material preparations for presentations at public hearings. Maintains focus on detailed budgets and schedules. Monitors financial status and project risks and effectively communicates with partners, clients, co-workers and other stakeholders. Develops scopes of work for design team consultants, tracks work completed against contract scopes and fees. Reviews project plans at key milestones for completeness and coordination, in collaboration with the design teams.

∙ Managing Change : Executes implementation plans. Asks questions to understand and better implement change adjustments. Communicates changes effectively. Builds commitment and overcomes resistance. Prepares and supports those affected by change. Monitors transitions and evaluates results.

∙ Delegation : Works independently and effectively on delegated tasks. Accepts “handoffs” cleanly and collaboratively and asks questions as needed to fully understand the task asked to complete. Consistently delivers work product on time with exceptional accuracy.

∙ Reasoning : Analyzes written and numerical data to drive results. Solves practical problems by the use of analytical and mathematical techniques as required. Deals effectively with a variety of variables in fluid situations.

∙ External Growth : Joins industry groups and builds their professional network. Moves into more responsible positions in these industry groups.

∙ Internal Improvement : Seeks out opportunities for continuous improvement, always looking to grow professionally at a personal level. Functions across departments and at various levels with the firm, creating an internal network as an extended resource base to drive successful outcomes. Learns and shares best practices and innovation between groups. Seeks out opportunities for continuous improvement, helping all in the divisions and the company succeed. Strives to achieve company policies and sets and tracks progress on long-range goals.

Other

∙ Education and Experience : Bachelor’s degree from four-year College or university required. Work experience, equivalent to 3 years as a Project Manager or similar. Completion and delivery of an entire residential project is desirable. Applicable degree fields include Engineering, Construction, Architecture, Economics, Business, Math, or Political Science. A Graduate degree in Construction, Engineering, or an MBA is preferred but not required.

∙ Professional Expertise : Experience managing the design and construction of residential product, including for-rent or for-sale projects. Specifically, experience overseeing the construction phase including working as a representative of the owner to manage the design and construction team through the construction and delivery phases. Desire to learn and continue to 

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develop proficiency in a variety of subjects critical to successful outcomes in real estate development, including but not limited to: CEQA, environmental toxics and applicable regulatory agencies, real estate finance and pro formas, insurance, accounting, contract negotiation, writing skills, and critical thinking. Ability to read and critique plans and specifications and understand the construction process. Develop a basic knowledge of BIM and critical path scheduling.

∙ Computer Skills : Proficiency with AI, document, spreadsheet, and email software tools including but not limited to Claude or Gemini, Microsoft Word, Excel, PowerPoint and Outlook is required; proficiency with Sketch Up, Blue Beam, and graphics, also preferred, as is a general comfort with learning new software programs.

∙ Travel : Frequent travel around the local Bay Area is required; must have current driver’s license and automobile insurance. Some out-of-town travel may also occasionally be required.

∙ Physical Requirements : While performing the duties of this job, the individual is regularly required to sit and/or stand and reach with hands and arms. The individual must occasionally lift and/or move up to 10 pounds. Specific vision abilities required by this job include close vision, distance vision, and color vision. Hearing and talking are regularly required.

∙ Work Environment : The work environments described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. Primarily the employee will work in an office-type environment; however, employee will be required to visit construction sites in process, where mobility is required and safety is important. While performing the duties of this job, the employee is occasionally exposed to moving mechanical parts; fumes or airborne ; outside weather conditions; and risk of electrical shock. The noise level in the work environment is usually moderate. 

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