Firm Overview:
Our client is one of the nation's largest multifamily real estate developers and managers, based in Atlanta, GA, with offices located across the United States. The firm has built a culture where talented people are empowered to do their best work. Our client goes beyond giving people a better place to live: distinctive communities of lasting value are created, a solid return for investors is delivered, and a culture of respect and empowerment is forged for its employees.

Job Description:
Report to the Managing Director for the New England market. The Vice President will work with the Managing Director and development team on the entire life cycle of large-scale, ground-up, multifamily developments. The Vice President will be tasked with overall management of the office’s projects, from predevelopment through construction and lease-up. The role will entail, but not be limited to, managing project budgets, running pro forma analysis, conducting market research, completing debt and equity packages, managing the development of projects under construction and in the pipeline and interacting with capital providers and other stakeholders.

Work Performed:

Budgets and Schedules: The Vice President will have primary responsibility for managing project budgets and schedules from the pursuit and predevelopment phases through construction and lease-up. The firm has an emphasis on tracking and managing predevelopment spending which needs to be carefully coordinated with the requirements and timelines in the land contracts for each project.

Site Selection: The Vice President will assist the Managing Director in building a knowledge of and tracking potential development sites in the market and collaborate with the larger team for pursuing the best opportunities.

Site Feasibility: The Vice President, with assistance from the development team, is responsible for quickly developing preliminary information relative to the site such as the quality and location, development trends in the submarket, the location of comparable apartment sites, impact fees and real estate taxes. The Vice President will work with the Managing Director on preliminary strategy concerning the type of product that should be developed including parking strategy, unit mix, type and scope of amenities and any other key project features to target the preferred demographic and achieve the level of rents required.

Due Diligence: The Vice President, in conjunction with the Preconstruction Team, is responsible for leading and managing the due diligence effort when pursuing projects under contract. This includes collecting and managing the review of all potential risks and value drivers including title documents, project entitlements, environmental documents, soils analysis, etc. The Vice President will work with and coordinate the scope of due diligence and design consultants.

Preparing Finance Packages: The Vice President will lead the effort of preparing a finance package to be sent to potential lenders and equity partners for projects under due diligence.

Lender and Due Diligence and Closing: Once financing commitments have been obtained, the Vice President shall help collect the information requested by or set forth in the checklist of the lender or equity partner. The Vice President shall have primary responsibility for coordinating the necessary entities formations on a timely basis and obtaining such things as corporate approvals and coordinating with our clients’ construction team to obtain the necessary building permits.

Construction Period: After the financing is closed and the building permits have been obtained, the Vice President will closely monitor the project budget and schedule and maintain executive oversight of the construction team and the draw process. The Vice President will be responsible for coordinating with construction to establish turnover schedules for the project, model and amenity area furniture installation dates, approval of a lease-up budget and lease-up strategy. The Vice President will also be responsible for managing relationships with debt and equity stakeholders including preparation of monthly reporting, coordinating and managing meetings and site visits, etc.

Leasing: In collaboration with the Property Management team and the Asset Management team, the Vice President will manage the lease-up and stabilization of the project.

Relationships: The Vice President is responsible for fostering and maintaining important relationships with key market players, to include landowners, brokers, capital sources, and design and other service providers. The Vice President will also develop and maintain close coordination with the Construction and Asset Management teams internally and with external Property Management.

Required Qualifications:
• Bachelor’s degree in business, science or other related discipline or Associate's Degree and related experience.
• Preference toward Master of Business Administration or Masters of Real Estate Development.
• Must have experience with all stages of the multifamily development process: from site selection, entitlement and land closing through construction, lease up, and stabilization and/or disposition.
• Must have experience with Excel based financial models including making well-reasoned assumptions based on market data and ROI calculations.
• Must have 3-6 years of multifamily industry experience, with a strong preference for local experience.
• Strong quantitative skills and thorough understanding of Excel and pro forma analysis.
• Strong communication skills with a range of stakeholders, both internal and external (design and service providers, municipal planning staff, etc.).