Director, Development – 55+ Active Adult
Location:
Washington, DC / Charlotte, NC or Raleigh, NC (preferably DC)
Company Description:
Our client is a 55+ active adult development and property management company. Its communities offer maintenance-free living with robust person-centered amenity areas for the young at heart. Our client currently has a $500 million pipeline of 11 developments throughout the Southeast (Charlotte, Nashville, Raleigh, Savannah, Charleston, and others) and plans to develop 4-6 communities annually. Standard amenities that foster socialization and shared activity include a fitness center, health and wellness room, business center, pickleball court, outdoor lounge and firepits, and great room.
Position Description:
The Director, Development will lead execution of active adult development investments in various markets, reporting to the Managing Partners. This individual should be highly collaborative and take pride in the opportunity to deliver thoughtful, best-in-class residential communities while demonstrating a wide variety of business and project management skills with substantial responsibility
ESSENTIAL JOB FUNCTIONS:
- Assist the executive team in the evaluation of sites for active adult development, including site feasibility studies, market assessments, and investment underwriting
- Manage and evaluate all aspects of due diligence for new development opportunities, including managing density, entitlement, environmental, title, and geotechnical assessments by third-party vendors
- Coordinate entitlement processes, including meeting with municipality officials and conducting community outreach
- Lead the design process from inception through construction documents, collaborating with the internal team (including pre-construction) and project consultants to deliver exceptional communities that include well-conceived unit plans, high-value finishes, thoughtful amenities, and quality construction
- Collaborate with construction team to oversee the construction of the development while managing the design and implementation of non-GC property components, including signage, communications, a/v, furnishings and equipment, etc.
- Coordinate the marketing, delivery, and operations of properties, managing to underwritten budgets and leveraging marketing and asset management resources to optimize the value of the investment; ensure that project openings are well coordinated and executed to company standards and assist in the disposition of the asset as needed
- Support investment analyses and offerings with market intelligence, including sales and rent comparables, supply/demand fundamentals, demographic and employment insights, and other underwriting assumptions in support of the investment committee, investors, partners, and lenders
- Provide periodic project updates, including financials, schedule, and other applicable specifics to company leadership
JOB REQUIREMENTS AND QUALIFICATIONS
- Bachelor’s degree in business, finance, real estate development, or related field including architecture, construction management, civil engineering, or urban planning
- Reasonable professional experience including multiple years of relevant multifamily development experience
- Strong computer skills using Word, Excel, PowerPoint, Microsoft Project, and Outlook
- Strong interpersonal, negotiation, and communication skills and a positive attitude
- Demonstrated project management and team skills allowing success in a fast-paced environment, ability to handle multiple concurrent large-scale projects with moderate supervision and work both independently and collaboratively
- Proactive, solution-oriented mindset with an interest in continual improvement and adding value
To learn more about this position, contact: Matthew McAulay | (704) 770-6110 | mmcaulay@crownsearch.com