Active Searches

Position Description:

Our client is currently seeking a CFO with deep experience running all aspects of a multifaceted investment business. The CFO will work closely with the President and the Chief Operating Officer and oversee financial planning and analysis related to their substantial portfolio of commercial real estate investments and non-real estate financial investments. The majority of the real estate holdings are located in the Southeast.  The ideal candidate lives in, or is willing to relocate to, Charlotte.

JOB RESPONSIBILITIES: 

• Provide leadership on and execution of a wide range of financial transactions
• Evaluate, strengthen, and manage prudent financial best practices in conjunction with outside development and asset/property management teams
• Analyze all real estate accounting prepared by third-party managers and investment partners; consolidate same into family office financial statements
• Analyze all non-real estate financial statements provided by third party custodians; consolidate same into family office financial statements
• Analyze Addepar investment management reporting provided monthly by third-party multi-family office service providers
• Maintain all books and records for all corporate (non-real estate) entities of the family office
• Provide accounting support for real estate and private equity purchase/sale transactions, in both equity and debt positions
• Review financial closing documents to ensure that settlement statements and other related documents are accurate and complete
• Work together with third party management/accounting teams and COO to finalize asset-level annual operating budgets
• Effectively manage cash and cash projections (including tax payments) in coordination with outside accounting team on a weekly basis
• Regularly evaluate opportunities to recapitalize properties
• Be aware of and develop tax strategies for investments, holdings, and exits
• Establish and reinforce parameters for financing, guarantees, and letters of credit, reserves, loan covenants and other obligations to ensure continuity and controls are adhered to and achieved
• Oversee shareholder and director minutes, annual reports, and registered agent filings provided by outside legal and accounting firms
• Manage inter-company and inter-entity loans, provide cash management and asset allocation oversight, and prepare and maintain budget for management company
• Manage AAA accounts and distributions to all shareholders
• Oversee financial aspects of corporate insurance program including tracking premium levels, policy renewals, coverage amounts and interacting with brokers where necessary
• Provide support in family estate planning by tracking and overseeing annual gifting process
• Work with outside accounting firm to track and compile K-1s and other data for tax prep process
• Coordinate with outside accounting firm on all audit notices and requests for information from various tax authorities
• Handle payroll and 401k for all employees

QUALIFICATIONS:

• Family office experience is a plus
• Real estate development and transaction experience with retail, office, or mixed-use properties is preferred
• An MBA, CPA or other advanced degree related to real estate or finance is highly desirable

To learn more about this position, contact: Matthew McAulay | (704) 770-6110 | mmcaulay@crownsearch.com

Position Description:

Reporting to the President, the National Partner, Multi-Family (“NP”) will provide leadership to formulate and implement strategies for the management and continued expansion of our client’s multifamily business. This position will be responsible for all operational oversight and prioritizing initiatives with a view towards long-term success as a national market leader in multifamily development.

SPECIFIC RESPONSIBILITIES WILL INCLUDE:

• Partner with the President and the investment committee to establish the strategic direction, goals, and major initiatives of the company.
• Oversee all aspects of multifamily operations including the development and implementation of business plans, initiatives, project performance, and profitability.
• Provide dynamic leadership focused on inspiring teams to outstanding results and excellence while achieving superior financial performance.
• Identify, recruit, motivate, and retain top development professionals and staff in a profitable manner.
• Take proactive role in raising capital for development projects and managing investor relations in coordination with the efforts of the capital raising team.
• Assess risks and opportunities, optimize overall business performance, and ensure that the organizational structure in place supports the company’s strategy.
• Exemplify and further our client’s unique and collaborative team-oriented culture in making it the “right place to be” for clients and team members.
• Along with the President and finance staff:
  • Coordinate investment analysis and financial structuring of development projects.
  • Participate in the evaluation and underwriting of all multifamily projects.
  • Lead the review of land acquisition and development decisions from a financial institutional market strategy point of view, supported by the other members of the Investment Committee.
• Participate in industry and client events to raise the firm’s profile in the real estate and business communities; position him or herself as a visible and respected thought leader nationally and communicator for the industry.

PROFESSIONAL EXPERIENCE/QUALIFICATIONS:

• The National Partner, Multifamily will be an enterprising leader responsible for leading and enhancing our client’s multifamily partners and team members, implementing business strategies to meet organizational goals and objectives, evaluating operational processes, as well as identifying and capitalizing on market opportunities.
• 15+ years of relevant industry experience, and a minimum of a 5-year proven track record of executive management experience leading multi-disciplinary teams to exceptional results.
• Ability to adapt and act quickly to new trends and markets; a sharp focus on disruptive events impacting the real estate industry and related business segments that will impact the company; an ability to “see around the corner” and move swiftly to adapt.
• Exceptional leader and motivator of people and a demonstrated ability to successfully manage a business and teams.
• Capable of attracting, retaining, and developing outstanding talent and leading a strong and positive culture that is a differentiator in attracting talent.

PERSONAL CHARACTERISTICS:

• Professionalism, high integrity, excellent judgment, credibility, and strong moral character
• Results-driven
• Engaging organizational leader with excellent communication skills
• Critical thinker, decisive
• Exceptional relationship and management skills; ability to build strong partnerships

EDUCATION:

• Undergraduate degree required; advanced degree preferred

To learn more about this position, contact: Matthew McAulay | (704) 770-6110 | mmcaulay@crownsearch.com

Position Description:

Reporting to the National Partner, Multifamily (“NP”), the Regional Partner (“RP”) will be responsible for all multi-family development activities within his or her defined region and will provide leadership to formulate and implement strategies, and recruit and develop appropriate team members.

SPECIFIC RESPONSIBILITIES WILL INCLUDE:

• Partner with the President, the National Partner, Multifamily, and the investment committee to establish the strategic direction, goals and major initiatives of the company.
• Oversee all aspects of regional multifamily operations including business development, project conceptualization, project execution, the development and implementation of business plans, project performance, and profitability.
• Provide dynamic leadership focused on inspiring regional teams to outstanding results and excellence while achieving superior financial performance.
• Identify, recruit, motivate, and retain top development professionals and staff in a profitable manner.
• Take proactive role in raising capital for development projects and managing investor relations in coordination with the efforts of the capital raising team.
• Assess risks and opportunities, optimize overall business performance, and ensure that the organizational structure in place supports the company’s strategy.
• Exemplify and further our client’s unique and collaborative team-oriented culture in making it the “right place to be” for clients and team members.
• Along with the President, the National Partner, and capital markets team:
  • Coordinate investment analysis and financial structuring of development projects,
  • Direct the evaluation and underwriting of all regional multifamily projects,
  • Manage the review of land acquisition and development decisions from a financial institutional market strategy point of view, supported by the other team members noted above.
• Participate in industry and client events to raise the firm’s profile in the real estate and business communities; position him or herself as a visible and respected thought leader regionally and nationally.

PROFESSIONAL EXPERIENCE/QUALIFICATIONS:

• The Regional Partner, Multifamily will be an enterprising developer responsible for leading and enhancing the respective regional multifamily business, and its team members, implementing business strategies to meet organizational goals and objectives, evaluating operational processes, as well as identifying and capitalizing on market opportunities.
• 10+ years of relevant industry experience, and a minimum of a 5-year proven track record of development management experience.
• Ability to underwrite multiple types of projects, formulate financial assessments, negotiate land contracts, understand hard cost and design drivers, understand entitlement risk and processes, direct the preparation of capital pitchbooks and investment committee presentations, participate as a project advocate during the capitalization process.
• Ambitious and aspirational team leader and motivator of people and a demonstrated ability to successfully manage projects and risk.
• Capable of attracting, retaining, and developing outstanding talent and leading a strong and positive culture that is a differentiator in attracting talent.

PERSONAL CHARACTERISTICS:

• Professionalism, high integrity, excellent judgment, credibility, and strong moral character
• Results-driven
• Engaging team leader with excellent communication skills
• Critical thinker, decisive
• Exceptional relationship and management skills; ability to build strong partnerships

EDUCATION:

• Undergraduate degree required; advanced degree preferred

To learn more about this position, contact: Matthew McAulay | (704) 770-6110 | mmcaulay@crownsearch.com

Position Description:

Our client is seeking an experienced Development Manager to join its new Carolinas office in Charlotte to focus on existing and future projects in the Southeast.  It currently has two new ground-up developments, Class A projects in highly sought-after, transit-oriented submarkets totaling 650 multifamily units and 30,000 SF of retail, with intentions to rapidly grow the project pipeline further across the Carolinas.  This position assists with oversight of the development process from design, entitlement, and construction through occupancy.

Responsibilities:  The Development Manager will report to the local Principal and assume responsibility to manage, implement, and complete development activities within the Carolinas Region.  This position represents our client in all respects of the development process from design, entitlement, construction, and occupancy.  External contacts, including customers, brokers, landowners, consultants, contractors, governmental officials, and staff view the Development Manager as a direct extension of our client.

Pre-Construction

• Interface with brokers, marketing, contractors, consultants, city/county officials, and other governmental entities and economic development personnel
• Manage Design Team (Planner, Civil, Environmental, Geotech, Architect, Structural, Landscape, General Contractor, Pre-Construction Manager)
• Contract with consultants
• Conduct design review meetings with all design consultants
• Refine schedule and organize fast track method with city and design team
• Analyze and recommend value engineering opportunities
• Finalize site and building design and send out for pricing/sub-bids
• Refine development budgets, schedules, and market assumptions for the financial model
• Review and approve monthly invoices from consultants and vendors
• Manage public strategy
• Understand and manage entitlement process and/or rezoning if required
• Investigate plat requirements and timing
• Obtain tax abatements and other available incentives
• Obtain grading, foundation, and building permits as required by city
• Negotiate easements and other off-site issues
• Manage development schedule
• Work to produce marketing material and get signage fabricated and installed

Financing

• Assist legal to complete loan checklist
• Work with Operations Manager to create bank budget and cash flow assumptions
• Supervise the assembly of development due diligence information for appraiser and lender
• Re-certify surveys, geotech, environmental, etc. to bank as required
• Develop relationship with bank inspector
• Track and complete post-closing issues as required
• Assist accounting to complete monthly bank draws as necessary

Construction

• Work with city to expedite permitting and maintain city relationship through construction process
• Finalize pricing/bids into schedule of values as basis for contract amount
• Review and finalize construction contract
• Attend weekly job meetings and monitor job progress
• Manage construction draw and requisition process, development of monthly project budgets/reports, and consultant cost tracking
• Facilitate owner decisions in a timely manner
• Negotiate utility connections, relocations, and costs
• Review and approve sub-contractor buy-out recommendations
• Update the Development Cost Summary on a monthly basis
• Work with bank inspector to quickly process pay-applications
• Work with property management and general contractor to expedite the punch-list process
• Conduct post-construction lesson learned discussion
• Review monthly cost reports

Required Skills/Abilities/Experience

• Effective written and verbal communicator who can operate within a wide spectrum of internal executives, municipal authorities, community groups, industry professionals, and brokers
• Solid grasp of financial analysis techniques as they apply to development projects
• General knowledge of construction materials and building systems for mid-rise multifamily wrap and podium style development
• Ability to troubleshoot design and construction issues that arise during the course of construction document production as well as on-site field work
• Outstanding interpersonal skills and the ability to work in a fast moving, demanding, and dynamic organization
• Ability to build and maintain relationships with a variety of professionals
• Must have the aptitude to efficiently and effectively act as a liaison between the key team members (Development & Construction)
• Must act in a professional manner inside of the work environment as well as outside
• Intuitive, creative, market-savvy with demonstrated capacity to recognize market trends
• Collaborative, team-oriented work style, which seeks the benefit of the company, and utilizes the best human resources available
• Willingness to travel as needed
• Bachelor’s degree required, preferably with a concentration in architecture or construction management
• Masters degree preferred in Real Estate Development, Architecture, Engineering, or related field

To learn more about this position, contact: Matthew McAulay | (704) 770-6110 | mmcaulay@crownsearch.com

Position Description:

We are currently seeking a Property Manager to join our client’s growing team and assist in establishing a property management presence in the Raleigh-Durham market.  This is an emerging market for our client which will require the candidate to capably work independently and remotely supported by the Charlotte office at the outset of employment.  They plan to establish an office in the market in the next several months.  The Property Manager’s primary responsibility will be the day-to-day management of the 1.5M SF industrial portfolio in the Raleigh market. Additionally, the role will assist with developing an operations team in the market and work alongside the Raleigh Market Leader as they grow their asset base through acquisitions and new development.   The Property Manager will report to the Director of Asset and Property Management and will play a critical role within the organization. The ideal candidate must be attracted to a fast-paced environment where responsiveness and customer service are highly valued. The candidate should also be a problem solver who is highly analytical and decisive.

 KEY RESPONSIBILITIES:

• Responsible for maintaining assigned properties in good order and condition by contracting and scheduling necessary repairs and maintenance.
• Establish and maintain tenant relationships. Answer tenant phone calls, emails, letters, and requests for information and repairs.  Visit tenants when on-site.  Refer tenants to vendors when appropriate.
• Negotiate all vendor contracts. Receive and review bids to ensure appropriate level of service and compare pricing points.
• Supervise all vendors, including scheduling work to be performed, verifying that all work was completed as per contract or agreement and within price structure agreed upon. Request Insurance Certificates.
• Prepare annual budgets for properties based on management agreements and instructions from owner’s representative. Prepare operating budget, capital budgets, escalations, and year-end projections.
• Prepare annual reconciliation of common area maintenance charges, insurance, and real estate taxes for each tenant account and secure payment from tenants.
• Review and approve monthly accounting reports for properties (General ledger package, vacancy report, miscellaneous reports requested by owner), focusing on ensuring that building operations are in line with the approved budget.
• Responsible for preparing all aspects of monthly and/or quarterly financial reports including variance explanations and forecasting.
• Coordinate Tenant Move-In (welcome letter, signage, keys, emergency procedures, etc.)
• Coordinate Tenant Move-Out (suite walk-through, security deposit, keys, cleaning, etc.).
• Review invoices for approval, coding, and compliance with budget.
• Approval of rent-up reports prior to monthly posting by accounting.
• Track utility and regular maintenance charges to ensure payment.
• Responsible for timely collection of all tenant charges. Track aged delinquency report, follow up on past due balances and follow lease protocol for default notices. Work with legal counsel to handle all steps of the eviction process when necessary.
• Assist as needed managing minor tenant upfits.
• Responsible for administrative activities such as completing lease paperwork including approving and accepting the Lease Abstract, maintaining property records, preparing routine reports, processing accounting data, and processing work orders.
• Assist as needed during lease negotiations and occasionally show space in absence of leasing agent.
• Assist in review and operational underwriting of potential assets identified for acquisition.
• Travel to Charlotte for key company meetings and events that occur monthly.
• Represent company to the community and network by participating in local real estate organizations such as BOMA and IREM.

 EDUCATION, EXPERIENCE, AND CERTIFICATIONS:

• Bachelor’s degree required, Real Estate or related field preferred.
• A minimum of seven (7-10) years of experience managing commercial real estate. Experience in Office and Industrial product type is strongly preferred.
• Strong understanding of real estate operating and capital budgets, and property operations.
• Experience in budget preparation, financial reporting, and familiarity with budget systems such MRI is preferred.
• General understanding of commercial construction and experience managing minor tenant upfits.
• CPM and/or RPA designation, and current Real Estate License is desirable, but not required.
• Strong proficiency in Excel and MS Office suite.

 CRITICAL CHARACTER TRAITS, SKILLS AND ABILITIES:

• Only individuals with the highest personal character will be considered. High integrity, a desire to pursue excellence, a strong work ethic, optimism, a strong desire to serve others, and a commitment to doing business the right way are prerequisites for consideration.
• A team player with outstanding verbal and written communication skills and an ability to build strong relationships with our internal stakeholders.
• Ability to multi-task, solve practical problems and deal with a variety of variables and situations.
• Ability to read, analyze, and interpret legal documents (leases, management agreements, etc.).

To learn more about this position, contact: Christine Pinkerton | (919) 679-9149 | cpinkerton@crownsearch.com

Position Description:

Collaborate with Business Development Personnel to pursue new business development opportunities.  Act as the effective leader (Project Executive) of new Project opportunities leading all phases of new developments.  Assist in creating and implementing development proformas and financial analyses that will accurately reflect project feasibility, construction financing and the status of all assigned projects and to effectively communicate same to partners.  Provide support to new business development in a manner that allows us to maximize new business opportunities in a profitable and productive manner.

PRIMARY RESPONSIBILITIES: 

• Lead the coordination of development proposals for potential future projects and BTS pursuits. Assist in new client business presentations where needed.
• Lead the development and delivery of projects with goals of maximizing profits, mitigating risk, and building successful vendor and client relationships by serving in a general overall development capacity with responsibilities centered on the entitlement, due diligence, and underwriting processes for projects and in risk mitigation. This includes full responsibility for delivering projects on time, on budget AND to the complete satisfaction of our partners and our clients.
• Without compromising the integrity and quality of the organization, day-to-day focus shall be on profitability and risk mitigation of our projects.
• Assist in coordination and project reporting to banks and capital partners.
• Where requested, assist the career development of less experienced Development and Construction personnel through coaching and mentoring.
• Work with other departments to develop and maintain key corporate reporting and positive communication.
• Participate as required in corporate leadership events.
• Assist in support of General Office Functions
• Quality First Organization: You will assist and lead Company’s cultural and philosophical initiatives and mission statement to be a Quality First Organization.

 Additionally, you will lead (or team up with and assist our construction/delivery group on) the following items:

• Preconstruction efforts associated with the pursuit of new business opportunities.
• Scoping, hiring and contracting with General Contractor (GC) partners for the successful delivery of our Development Projects.
• Establish regular meetings for monitoring GC Schedule and Cost Control and reporting on same.
• Manage the GC Submittal Process and Coordinate Necessary Client Approvals of Submittals ensuring Quality Control of our Product.
• Manage GC Draw Process for Pay Application Approvals and Confirmation of appropriate back-up documentation. Coordinate with our lending partners to address their questions / concerns through this process.
• Provide weekly update reports to our clients regarding the status of our ongoing projects
• Manage our remote project cameras and their content to meet our partners and marketing needs.
• Hire and Manage Geotechnical Testing Agencies and their reporting for our projects to ensure proper Quality Control of our Product.
• Travel as necessary for managing on-time Project Deliveries and Coordinating with Bank Inspectors for Draw Processes.
• Assist in hiring and managing Architects, Engineers and Designers through Build To Suit Design Processes
• Lead the punch list and close out process with our GC to gain timely approvals from our clients related to project completion.

To learn more about this position, contact: Jon Nowikowski | (412) 339-5376 | jnowikowski@crownsearch.com

Position Description:

• Planning, directing, and coordinating all accounting operational functions
• Providing management with information vital to the decision-making process
• Managing the accumulation and consolidation of all financial data necessary for an accurate accounting of business results
• Coordinating and preparing internal and external financial statements
• Managing the budget process
• Assessing current accounting operations, offering recommendations for improvement, and implementing new processes
• Evaluating accounting and internal control systems
• Evaluating the effectiveness of accounting software and supporting database, as needed
• Designing accounting systems to ensure transactions are recorded in accordance with tax strategies
• Hiring, training, and retaining skilled accounting staff

PREFERRED CANDIDATE SKILLS AND EXPERIENCE:

• Background with real estate transactions and operations. Experience with apartment investment, development, and management is important
• Knowledge of how to design accounting systems to produce effective management reports
• Good understanding of taxes and especially how they apply to real estate, families, and trusts
• Experience working in a family environment
• Preferred experience with a large accounting firm
• Experience working in a diversified environment, with multiple properties and different ownership structures
• Familiarity with cash management, risk management/insurance, IT, etc.

 PRODUCT TYPES (Company is involved in the development and ownership of):

• Multi-family property development, ownership, and management
• Commercial income properties (retail, hotel)
• Land held for future development and investment

 PERSONAL QUALIFICATIONS:

• The candidate must be results-oriented and hold themselves self-accountable
• Maturity, strong financial acumen, superior communication and listening skills, and knowledge of real estate operations are critical
• Superior analytical skills
• Reputation of exemplifying the highest standards of integrity, honesty, and discretion
• Highly confident of their abilities and be considered a detail-oriented person who can tackle numerous projects simultaneously
• Self-motivated, well-organized, and results-driven who leads by example
• Tenacity – follows through with sense of urgency, takes initiative to get tasks accomplished, and balances skepticism with objective analyses
• Collaboration – Collegial working relationships with staff and advisors
• Ability to make effective and persuasive presentations to employees, lenders, top management, buyers, and sellers
• Ability to comprehend, analyze, and interpret complex business documents
• Strong working knowledge of Excel and other financial modeling techniques is a must
• Knowledge of Yardi accounting system preferred

To learn more about this position, contact: Margie Arcangelo | (239) 362-1335 | margie@crownsearch.com

Position Description:

The Market Leader is responsible for providing strategy and leadership to build and promote the growth of the Raleigh-Durham market.

REPORTING RELATIONSHIPS: The Market Leader will report to the President of Real Estate Services.

THE TEAM: The Market Leader will lead a team of talented individuals to deliver integrated, innovative, and differentiated solutions for their clients.  While each Market structure varies based on services provided, typically the Market Leader oversees the local brokerage, property management, project management, and support teams.

KEY RESPONSIBILITIES: The Market Leader is accountable for outlining growth priorities and setting the strategic direction of the region in conjunction with platform business line leaders.  The Market Leader utilizes management strengths to influence and integrate the different teams and talent across the market to work in a cohesive way to win more business together.

Primary responsibilities include:

 Leadership

• Approaches winning in an integrated manner that recognizes opportunities across all business lines
• Coordinates and demands the best team for winning – including ensuring diverse perspectives are adding value
• Ensures all support functions are focused and leveraged appropriately
• Servant-leader who ensures people’s highest priority needs are being served
• Client facing individual who leads by example in sourcing new business opportunities and strengthening existing client relationships

Communication

• Effectively conveys vision, direction and approach that is clearly understood by all audiences
• Proactively keeps market employees informed and engaged and provides connection to other markets

Platform Integration

• Champions our client’s culture and ensures teams are embracing the Company’s Guiding Principles
• Drives decisions from cross-functional perspectives and integrates across teams and business lines
• Ensures “tie-breaking” decisions are balanced and unbiased

Strategic Alignment

• Leverages the Platform-wide Business Lines strategy and platform
• Develops an overarching roadmap which outlines the plan to establish a market leading position
• Identifies growth opportunities within market and creates plan to achieve success across all lines of business

Financial Performance

• Delivers financial performance of year-over-year revenue and profit
• Growth driver of overall revenue and footprint

The Market Leader will have demonstrated the following competencies:

Client Focus

• Dedicated to exceeding client expectations by proactively soliciting and responding to feedback from clients
• Establishes effective relationships with clients that gains their trust and respect

Results Driven

• Ability to execute against the vision and strategy
• Measures the relevant data (financial, environmental, performance) and uses the data appropriately to reassess, adjust, expand or curtail
• Takes corrective action quickly and decisively when performance falls short of expectation or when redirection is required

Natural Coach

• Clearly establishes performance expectations and goals for employees
• Provides point in time feedback on performance of employees

Firm Knowledgeable

• Understand the fundamentals of the investor business and the real estate industry
• Knows how to navigate the organization to identify experts in client’s products and services

PERSONAL CHARACTERISTICS

The successful candidate will be results driven, have the ability to execute strategic plans to ensure exceptional delivery, and have the highest ethical standards.  The candidate must possess strong communication skills, the ability to influence others to achieve results and possess the following qualitative skills which are consistent with the company’s critical success factors:

People Leadership – Influence others, engage and inspire, proactive collaboration, build talent, communicate effectively and build relationships

Personal Leadership – Inspire trust and high integrity in teammates

Result Leadership – Ensure execution, drive targeted results, focus on customers and lead courageously

Educational Credentials – This position requires a bachelor’s degree, in addition to a broad range of business experience acquired through previous work experience, an MBA or similar post-graduate studies.

To learn more about this position, contact: Christine Pinkerton | (919) 679-9149 | cpinkerton@crownsearch.com

Position Description:

This position is responsible for direct oversight of the development and construction accounting.  Responsibilities include creating and implementing policies and procedures to identify, resolve and document accounting issues in addition to creating procedures to make the close and reporting processes more efficient and accurate.

 RESPONSIBILITIES:

• Timely preparation, review, and distribution of all financial reporting packages for both internal and external distribution.
• Maintain financial statements in a multi-entity environment.
• Oversee the processing of all monthly draw submissions to the lender.
• Oversee the accounts payable workflow / approval process for all contractors and vendors.
• Oversee communication between the development team and the General Contractor/Subs regarding billing issues.
• Review all monthly job cost reconciliations.
• Work with the development / construction accountant to complete the monthly accounting close process including analytical review of the monthly operating results to ensure accurate accounting records are maintained and all variances are identified.
• Oversee cash management functions for all operating entities and all development/construction projects. Ensure completion of all bank reconciliations.
• Maintain general ledger accounts for all projects under construction and the operating entities.
• Work with the development / construction accountant to ensure accurate and timely preparation of job cost data from weekly payroll reports, materials, and subcontract billings to prepare weekly cost reports for each project.
• Approve wires, ACH payments, and intercompany transfers.
• Interface with bank on all issues pertaining to the company including the setup of all new accounts.
• Process and reconcile all capital calls and payments and updating of the investor portal.
• Oversee all distributions and intercompany payouts (monthly, annually).
• Oversee the accounts payable function for the development/construction company as well as all projects in development / construction. Ensure that all subcontractors and vendors meet all requirements of contract agreement prior to any payments.
• Preparation of work papers supporting the annual audit.
• Coordinate the preparation of annual tax return with outside CPA firm.
• Review workload and analyze staffing requirements; interview, select, train, counsel and evaluate staff to ensure effective support; review the efforts of staff and provide direction where needed, ensuring timely completion of task and projects in accordance with objectives.
• Provide ad hoc reporting as required by the Management team and Development Team on the operating entities and development / construction projects.

REQUIREMENTS:

• Requires Bachelor’s degree in accounting, MBA or CPA preferred.
• Requires 10 years of experience in financial management with increasing responsibilities for multi-faceted direction and planning.
• Previous hands-on Accounting experience in a real estate development or construction company is required. Experience in a multi-company operating environment.
• Requires 2 years of supervisory experience overseeing a team of project accountants.
• Requires a solid understanding of Generally Accepted Accounting Principles (GAAP) and accounting pronouncements.
• Must possess strengths in verbal and written communications; able to adapt communications / presentations and deliver clear and concise reports and analysis to senior management.
• Yardi Construction software experience preferred.
• Highly proficient in Excel.

To learn more about this position, contact: Margie Arcangelo | (239) 362-1335 | margie@crownsearch.com

Position Description:

The Regional VP of Construction – Single-Family Rental will oversee all new initial construction activities for the SFR division, initially in Dallas, but then to include other locations throughout Texas.  This is a new and exciting high-profile opportunity for an experienced construction leader in the single-family sector who has experience in management and oversight of single-family residential construction, field supervision, scheduling, quality control, and resource management.

Responsible for maintaining project goals, schedule, and overall quality of the projects. Will manage and mentor on-site field associates and direct the work of subcontractors.

Principal Duties and Responsibilities:

• Provide pre-development input of construction techniques and job cost.
• Conduct material take-off prior to construction to schedule subcontractors, purchase order deliveries, and verify quantities.
• Create final project schedule and assist with providing qualified trades for the bidding process.
• Aid in compilation and review of all subcontractor scopes.
• Supervise and resolve subcontractor disputes and monitor quality of workmanship and materials on project.
• Oversee subcontractor submittals to construction and development departments.
• Maintain weekly status and safety reports on project for supervisory review.
• Directly supervise the activities of the field teams.
• Monitor execution of punch lists & quality control.
• Organize and execute schedule and safety meetings with subcontractors.
• Promote safety on the projects and monitor subcontractors’ work is in compliance with the comprehensive project safety program and assists with OSHA inspections.
• Review and approve subcontractors’ and suppliers’ pay requests.
• Manage all construction administrative functions on the projects.
• Oversee close-out of projects including finalizing as-builts and collecting close-out documents.
• Create a highly motivated team of Associates and trade partners at each community.

Education and Experience Requirements:

• Minimum of 3 years supervisory experience is required.
• Minimum of 10+ years of experience, with 15 preferred in construction with at least 5 years in single-family construction required.
• Bachelor’s degree in Construction Management or related field is preferred.
• Knowledge of construction management theory and practice.
• Must have thorough knowledge of single-family trades, ability to analyze construction documents, and ability to read blueprints.
• Knowledge of construction building codes and building methods.
• Knowledge of PC and of construction and business software, including scheduling, estimating, spreadsheets and word processing.
• Must have excellent written and verbal communication skills.
• Excellent organizational and time management skills, ability to take initiative, use good judgment, demonstrate a strong sense of urgency and follow-up and carry multiple projects through to completion.

To learn more about this position, contact: Cindy Shoemaker | (412) 339-5374 | cshoemaker@crownsearch.com

Position Description:

The Chief Financial Officer will work directly with the President and Chairman and serve as a finance leader and partner, playing a key strategically-oriented role in enhancing the organization’s financial and operational performance. The position will lead and drive the company’s finance, capital markets, accounting & financial reporting, and risk management activities. Additionally, he or she will be expected to provide leadership and direction to the team, while maintaining the company culture and values to ensure an environment of unquestionable integrity and internal financial controls.

 Responsibilities:

• Provide leadership and execution of a wide range of financial transactions; provide advice on business formation and structures including development deals, joint venture and operating agreements.
• Be aware of and develop tax strategies for investments, holdings, and exits.
• Establish and reinforce parameters for financing, guarantees, and letters of credit, reserves and other construction and/or lease-up obligations to ensure continuity and controls are adhered to and achieved.
• Review financial closing documents to ensure that fee agreements, settlement statements, and other related documents are accurate and complete.
• Drive the strategic planning and budget process through interaction with the property management department and senior management.
• Effectively manage cash and cash projections in coordination with senior accountant/controller on a weekly basis and evaluate opportunities to recapitalize properties regularly.
• Evaluate, strengthen, and manage prudent financial best practices for the development and asset/property management teams.
• Develop systems to identify and clearly communicate issues on a proactive basis.
• Ensure proper reporting across the operating businesses utilizing budget-to-actual reports already in place or any other tools identified.
• Manage risk while facilitating the vision of President/Chairman and advisory board. Communicate effectively with internal and external constituents.

Sample work you would have done last week:

• Prepare reports and statements for potential re-financings.
• Creation and/or analysis of proformas for pending development projects.
• Development/review of financial statements for lenders and/or partners.
• Evaluation of existing assets for potential dispositions/recapitalizations.
• Management of cash positions across accounts/properties.

Qualifications:

• Meaningful work experience with increasing responsibility in a real estate development firm, private equity company, or investment bank.
• Strong background in capital markets, finance and accounting, control and reporting. Hands on leadership experience in broad array of business situations.
• Real estate development or property transaction experience with retail, office, or mixed-use experience is preferred.
• An MBA, CPA or other advanced degree related to real estate or finance is highly desirable.

Exemplary candidates will possess the following personal skills and attributes:

• Demonstrated interpersonal, management and leadership skills.
• Strong analytical capability combined with solid business acumen.
• Intellectual curiosity to explore why things are done a certain way and to develop better understandings and processes.
• Fortitude and presence to independently develop and nurture equity and debt relationships.
• Ability to think through what is conceptually needed to strategically operate successful businesses.
• A high sense of urgency and commitment to “get the job done.” This person’s management style will be that of a leader and doer rather than that of a delegator.
• Strength of character and flexible style to work successfully with a range of people. Must have the personal presence to deal effectively and independently with these constituencies.
• Very highly developed organizational skills as well as written and oral communication skills. Thoughtful listener. Direct and open communication style.
• Hands on approach; willing to roll-up-his/her-sleeves and demonstrate by example.
• This individual must be a smart, quick thinker who can rapidly “get it” and can respond quickly and immediately to matters affecting the business.
• Team player who suspends ego.

To learn more about this position, contact: Matthew McAulay | (704) 770-6110 | mmcaulay@crownsearch.com

Position Description:

The VP of Construction will have overall responsibility for the execution of all projects while ensuring the quality of all developments.  Working with individual project managers, the VP will establish quality standards across projects, and work with the team to implement those standards.  The VP of Construction’s goal will be to improve construction quality and control costs by attracting, retaining, and holding accountable the best General Contractors and Subcontractors that can be brought to Big Sky.  Once those contractors are working there, the VP of Construction will monitor the progress and quality of their work and make sure the contractors are using best practices and are building to specifications.  It is the VP’s responsibility to raise the effectiveness of their contractors, find ways to decrease construction costs in the local market, and maintain the quality of ongoing construction across the portfolio.  This will require ‘boots on the ground’ walkthroughs and strategic initiatives to partner with General Contractors and subcontractors to make the projects more successful.

 Responsibilities:

• Review major project Construction Documents, and occasionally review and comment upon key submittals and RFIs.
• Advise on construction methodologies, building assemblies, materials, and other major factors that are critical to a complex project’s cost, quality and success
• Ensure that they hire the best General Contractors and Subcontractors available, and at fair terms for both parties. If necessary, seek out and recruit new GCs and Subcontractors to become established in the Big Sky market.
• Hold GCs and Subcontractors to the highest quality standards expected by all buyers and guests, and that they set for themselves.
• Advise on contract terms with GCs and ensure they negotiate consistent terms across all their projects.
• Walk projects in progress to review a project’s organization and review the methods and quality of work of the contractors. Note where methods or quality are lacking and recommend improvements.  Mentor and train internal Project Managers to continue these reviews on their own, find ways to improve construction quality when needed, and ensure quality continues throughout the life of the project.

 Required Qualifications and Experience:

• Bachelor’s Degree with strong academic performance
• Minimum 15 years’ experience in construction and contracting, ideally including experience as both a contractor and an owner’s representative
• Experience with projects in mountain locations
• Familiarity with BIM processes and applications and other standard construction software applications
• Excellent references

Preferred Experience:

• Advanced degree in engineering, architecture, interior design or project management
• Experience in design and construction of luxury residential projects
• Experience with green / sustainable building methods

To learn more about this position, contact: Jon Nowikowski | (412) 339-5376 | jnowikowski@crownsearch.com

Position Description:

The Senior Vice President (SVP) is a key member of the investment team originating new ground lease investments, marketing the firm’s capabilities and leading the Washington DC region for the firm. The SVP will possess outstanding ability to structure transactions, develop and foster relationships, articulate the firm’s capabilities concisely to the market. The successful candidate will also have an unrelenting passion for results, as well as an entrepreneurial spirit – both of which are critical for success during this exciting time in their history. The Senior Vice President will play a critical role in driving ground lease originations as well as the continued success and growth of the client.   This individual will contribute to the development, implementation and ongoing management of ground lease origination strategy in order to drive exponential growth over the next 2-5 years.

RESPONSIBILITIES

• Originate new ground lease investments in DC region
• Build relationships with clients in your region – be a thought leader of your market
• Communicate with team members and peers to coordinate business development and support overall firm goals
• Effective and timely communication with the Head of Investments
• Assess the risk/return dynamics of real estate investment opportunities
• Be a culture carrier and embody the Companies’ values: Drive, Quality, Collaboration & Courage

KEY EXPERIENCE & SKILLS

• 10+ years’ experience of real estate investment experience including equity and/or debt originations
• Proven track record of deal generation, network development and pipeline management.
• Self-motivated and possesses the self-confidence to articulate and defend recommendations and question those of others
• Outstanding problem solving and creative skills with the ability to exercise sound judgment and make decisions based on accurate and timely analyses
• Presentation and Interpersonal Skills: Ability to simplify and succinctly articulate transactions to senior management/investment committee. Ability to summarize and simplify complex accounting/financial concepts internally/externally.
• Developer of talent at all levels, especially junior-level talent with a focus on growth
• Strong performance manager, ability to hold team members accountable, expert conflict resolution and trust-building skillset
• Intellectual curiosity, professional courage and desire to engage at all levels in the company
• Demonstrated depth of leadership – ability to motivate and drive for results across the organization
• Undergraduate degree in business, finance or accounting; a CPA or MBA preferred.

To learn more about this position, contact: Philip Canzian | (412) 348-1553 | Phil@crownsearch.com

Position Description:

Under general supervision of the General Counsel the Director of Risk Management will perform work coordinating and administering risk management, claims administration, and claims prevention activities.

RESPONSIBILITIES:  Oversees and administers the comprehensive operational risk management program for the Company.  Key operational risks are deemed to be property/site health and safety conditions and employee-related hazards.  In addition, this officer will supervise site-level business risks associated with exposure to tenants, visitors, contractors, vendors and utilities.

• Comprehensive Insurance Program Structuring: Will work with General Counsel, management, and insurance brokers/insurers to structure the most appropriate and cost-effective insurance programs.
  • Insurance Program Administration: Will structure and oversee the administration of the comprehensive insurance program, with respect to claims administration, management of deductibles and retention and relationships with insurers and adjusters.
• Determines best practices for risk management by going to properties.
• Liability Claims: Will oversee and supervise claims handling personnel and assist with the administration of property and liability claims.
  • Lawsuits: For claims that are not resolved prior to litigation, the RM will work with General Counsel to appoint as necessary and supervise and coordinate with counsel for the Company.
• Develops policies and procedures for loss prevention and risk control.
• Provides assistance and guidance to departments regarding liability, risk issues and contract administration.
• Works closely with Human Resources in the administration of the worker’s compensation insurance program.
• Assists in development and implementation of safety training programs for compliance with OSHA regulations and other federal, state or local requirements.
• Assists in the preparation of division budget and oversees expenditures for liability insurance.
• Conducts research and prepares a variety of statistical and administrative reports.
• Reviews contracts for insurance requirements and transference of risk.
• Assist in crafting the risk management programs and work with the Portfolio Manager to implement.
• Consistent review of incident reports.
• Responsible for the administration of the company’s organizational structure

KNOWLEDGE, SKILLS AND ABILITIES:

 Considerable knowledge of:

• Principles, practices and techniques of risk management.
• Capable of obtaining understanding and implementing best practices.
• State and federal regulations related to areas of responsibility.
• Real Estate insurance markets. Multifamily and/or Affordable Real Estate Knowledge preferred.
• Principles and practices of supervision and management.

Ability to:

• Effectively analyze factors concerning risk, liability, safety and occupational hazards.
• Identify and resolve problems.
• Establish and maintain effective working relationships with employees, other agencies and the public.
• Follow written and verbal instructions.
• Communicate effectively verbally and in writing.

 MINIMUM QUALIFICATIONS: College Degree preferred or significant risk management experience or any equivalent combination of education, training and experience that demonstrates the ability to perform the duties of the position. Multifamily Affordable Housing Real Estate experience is preferred. This position is exempt from overtime.

To learn more about this position, contact: David Fischer | (770) 727-0299 | dfischer@crownsearch.com

Position Description:

MAJOR RESPONSIBILITIES:

Reporting/Accounting/Valuation Responsibilities

• Prepare deadline driven reports, including financial statements, partners allocations, capital account statements and portfolio company valuations
• Manage the relationship with the Fund auditor and oversee outsourced Fund Administration firm
• Lead data collection and preparation of weekly investment team reports, quarterly and annual investor reports, K-1’s and other ad-hoc communications
• Oversee LP communications, including the calculation and distribution of investor capital calls and distribution notices
• Thorough knowledge of private equity partnership accounting, including complex carried interest calculations, hurdle rates, partner allocations, and management reporting, is required
• Experience with stock distributions, tax distributions and claw back provisions is a plus

 Fund Operations/Internal Management/Fundraising

• Prepare and/or modify budgets and forecasts to include:
  • Tracking performance metrics utilized by GPs in their fundraising efforts (Ex. Net IRR, Gross IRR, DPI, RVPI and TVPI)
  • Monitor cash balances and prepare cash forecasts
  • Coordinate and execute LP diligence, including completion of questionnaires and responding to data requests

Portfolio Company and Diligence

• Coordinate portfolio company data collection
• Support the Investment Team in analyzing companies and driving value to portfolio companies
• Conduct liquidation analysis at the portfolio company level

 Compliance/Tax Experience

• Ensure state and local compliance
• SEC Compliance Experience is a plus (e.g., Form ADV and Form PF)

 QUALIFICATIONS AND EXPERIENCE:

• Bachelor’s degree in Accounting
• CPA license
• 5+ years of experience and experience at a venture capital or private equity firm preferred
• Public accounting experience a plus, preferably at a Big 4 public accounting firm

To learn more about this position, contact: Matthew McAulay | (704) 770-6110 | mmcaulay@crownsearch.com

Position Description:

Our client is seeking an experienced Vice President or Senior Vice President of Development and Construction to lead its growing development team in Dallas.  This position oversees all development and construction processes from design and entitlement through construction and occupancy.

The VP/SVP of Development & Construction serves as an integral member of the management team.  The role is responsible for effectively managing and directing the activities of the Development Department on a strategic level.  This position has functional responsibility for bottom line results which involves setting strategic direction, monitoring/directing specific divisional activities, implementing business plans, quality assurance, and compliance.

This position contributes to the accomplishment of the company’s strategy and objectives that will provide a high-performance culture that emphasizes empowerment, absolute accountability, quality, productivity and standards, and the recruitment and ongoing development of a superior workforce in accordance with the company’s values.

ESSENTIAL DUTIES and RESPONSIBILITIES:

• Collaborates with the Executive Management Team to develop and implement the company’s strategic plan
• Guides the general policy & overall direction of the department
• Creates department goals and coordinates all activities in pursuit of those goals
• Serves on management team, working together, to ensure communication is open and transparent, across all departments, to achieve the department’s strategic goals
• Responsible for the strategic and tactical management of the department
• Responsible for communicating and implementing the company strategic plan to their department
• Ensures day-to-day operations align with fulfilling the company’s strategic goals
• Clearly and quickly works through the complexity of key issues, problems, and opportunities to affect actions (i.e., leverage opportunities and resolve issues)
• Integrates strategic planning into development documents to full execution
• Accountable for internal approvals, deployment, and accurate reporting of development costs schedule and status
• Oversees project budgets, changes, completions, and closeouts
• Oversees project costs and track for historical data collection
• Verify assumptions and accuracy of financial underwriting
• Mitigates development risk at a company portfolio level
• All other duties as assigned

QUALIFICATIONS

• Bachelor’s degree or equivalent
• Minimum of ten plus years of experience running a Development department in the commercial real estate industry, including extensive experience with industrial developments
• Proven ability to analyze complex investment management issues, exercise independent judgment and implement solutions
• Demonstrated success in building consensus among constituencies with conflicting goals
• Detail-oriented, with strong and proven financial analysis skills and experience applying industry standard valuation methodology
• Solid understanding of accounting and financial reporting
• Team orientated with integrity and tenacity, with strong fiduciary mindset
• Strong oral and written communication skills
• Well-developed interpersonal skills in order to build, maintain and develop relationships with ownership, the senior management team, employees, business partners, consultants, brokers, sellers, public officials, etc.
• Strong organizational skills with the ability to work independently, prioritize and multi-task in a time sensitive environment
• Willingness to travel as needed

To learn more about this position, contact: Matthew McAulay | (704) 770-6110 | mmcaulay@crownsearch.com

Position Description:

Our client is seeking an experienced Director, Development to join its growing team in Atlanta or Orlando.  This position oversees the development process from design, entitlement, construction, and occupancy.

Responsibilities

The Director, Development will assume responsibility to manage, implement, and complete development activities within an assigned region.  This position represents our client in all respects of the development process from design, entitlement, construction, and occupancy.  External contacts, including customers, brokers, landowners, consultants, contractors, governmental officials and staff, view the Development Director as their primary conduit to our client.

Pre-Construction

• Interface with customers, brokers, marketing, contractors, consultants, city/county officials and other governmental entities and economic development personnel
• Manage Design Team (Planner, Civil, Environmental, Geotech, Architect, Structural, Landscape, General Contractor Pre-Construction Manager)
• Contract with consultants
• Conduct design review meetings with all design consultants
• Refine schedule and organize fast track method with city and design team
• Analyze and recommend value engineering opportunities
• Finalize site and building design and send out for pricing/sub-bids
• Refine development budgets, schedules, and market assumptions for the financial model
• Review and approve monthly invoices from consultants and vendors
• Manage public strategy
• Understand and manage entitlement process and/or rezoning if required
• Investigate plat requirements and timing
• Obtain tax abatements and other available incentives
• Negotiate and obtain development agreements, if required
• Obtain grading, foundation, and building permits as required by city
• Negotiate easements and other off-site issues
• Manage development schedule
• Work with architect and Market Officer, Marketing Director, and Manager to produce marketing material and get signage fabricated and installed

Financing

• Assist legal to complete loan checklist
• Work with Operations Manager to create bank budget and cash flow assumptions
• Supervise the assembly of development due diligence information for appraiser and lender
• Work with tenants to obtain SNDA’s and other required documents
• Re-certify surveys, geotech, environmental, etc. to bank as required
• Develop relationship with bank inspector
• Track and complete post-closing issues as required
• Assist accounting to complete monthly bank draws as necessary

Construction

• Work with city to expedite permitting and maintain city relationship through construction process
• Finalize pricing/bids into schedule of values as basis for contract amount
• Review and finalize construction contract
• Attend weekly job meetings and monitor job progress
• Facilitate owner decisions in a timely manner
• Negotiate utility connections, relocations, and costs
• Review and approve sub-contractor buy-out recommendations
• Review and process monthly contractor pay-applications
• Update the Development Cost Summary on a monthly basis
• Work with bank inspector to quickly process pay-applications
• Work with property management and general contractor to expedite the punch-list process
• Conduct post-construction lesson learned discussion
• Review monthly cost reports

Marketing

• Assist Marketing Director and Development Manager to develop and submit proposals
• Develop lease layouts for tenant improvements or build-to-suits
• Provide scheduling information
• Provide pricing for tenant improvements and build-to-suits

Required Skills/Abilities

• Effective written and verbal communicator who can operate within a wide spectrum of internal executives, municipal authorities, tenant executives, community groups, industry professionals, and brokers
• Solid grasp of financial analysis techniques as they apply to development projects
• Outstanding interpersonal skills and the ability to work in a fast moving, demanding, and dynamic organization
• Ability to build and maintain relationships with a variety of professionals
• Must have the aptitude to efficiently and effectively act as a liaison between the key team members (Development & Construction)
• Must act in a professional manner inside of the work environment as well as outside
• Intuitive, creative, market-savvy with demonstrated capacity to recognize market trends
• Collaborative, team-oriented work style, which seeks the benefit of the company, and utilizes the best human resources available
• Willingness to travel

To learn more about this position, contact: Matthew McAulay | (704) 770-6110 | mmcaulay@crownsearch.com

Position Description:

The Investment Director will lead the sourcing and execution of new investment opportunities across the firm’s US strategies, including direct and co-GP real estate deals and private equity/venture capital investments in operating companies.  In addition, the Investment Director will oversee the asset management function to ensure acquisitions meet underwritten performance expectations. The Investment Director will report directly to the CIO of North America.

ESSENTIAL DUTIES AND RESPONSIBILITIES:

• Identifying and sourcing new investment opportunities, both within defined areas of focus as well as new strategies.
• Leading the underwriting, analysis and due diligence of those opportunities, including overseeing the production of deal business plans and presenting to the internal Investment Committee.
• Supporting the Investor Relations team on raising investor capital.
• Negotiation and execution of transaction documentation including purchase and sale agreements, joint venture agreements and debt and equity financing agreements.
• Procuring and execution of debt financing on each applicable deal.
• Oversight and management of the investment and asset management teams, including career development.
• Overseeing regular business and asset updates to the CIO, the Board and institutional investors.

SELECTION CRITERIA:

• Degree in business administration, real estate, finance, accounting, law or related field, ideally with full or partial post grad finance qualification or CFA.
• Minimum of 10 years’ experience working in real estate/private equity.
• Experience managing and leading a diverse team.
• Experience successfully underwriting and executing new investments.
• Strong written and verbal communication skills coupled with a balanced technical knowledge and good commercial acumen.
• Self-motivated and enthusiastic; multi-tasker.
• The company is very entrepreneurial, and employees must have that attitude in problem solving, work rate and empathy.
• High attention to detail and superb organizational skills, ability to manage concurrent projects and meet deadlines.
• Highly developed interpersonal skills, ability to relate well to other people at all levels, internally and externally. Team player – able to work effectively and collaboratively within a small dedicated team.
• Strategic thinker with good judgment and business sense. Entrepreneurial and open mind-set.
• High level of flexibility and professional and personal maturity.

To learn more about this position, contact: Natasha Brill | (786) 216-7281 | nbrill@crownsearch.com

Position Description:

We have been engaged to identify entrepreneurial multifamily investment sales executives in a variety of markets throughout the southeast.  We are looking for success oriented individuals interested in building and growing a business within their market.

 RESPONSIBILITIES:

• Identify potential apartment clients and conduct research to identify the best ways to assist them in achieving their investment real estate goals pertaining to valuation, acquisitions and dispositions
• Canvas prospective apartment clients and leads through a diverse set of approaches
• Organize and conduct meetings with prospective customers and clients
• Provide analytical support for cash flow and other financial analyses as well as gathering relevant market data and preparing market surveys
• Prepare presentations and propose business terms to prospective clients
• Help build strong client relationships by delivering “best in class” services which includes providing relevant information to clients on timely basis
• Communicate and problem solve daily with teammates, clients, vendors, and other stakeholders, often in combination with travel

NECESSARY ATTRIBUTES:

• Self-starter with extreme drive and a strong passion for commercial real estate
• Ability to manage stressful situations while maintaining a positive attitude and competitive edge
• Ability to adapt to sudden transaction changes and customer requests
• Good concept of financial analysis of real estate
• Strong written and oral communication skills
• Detail oriented, organized and efficient
• Ability to work productively in time sensitive situations
• Foster an atmosphere of mutual support
• Ability to take on challenges and recognize growth opportunities, and demonstrate patience when learning new processes
• Courtesy, respect, and thoughtfulness in teaming with colleagues and other stakeholders

This is an opportunity to join and participate in the growth of a well-established multifamily investment sales platform.  This is a company that is recognized for its values and integrity and ranks at or near best in class in all important areas.

To learn more about this position, contact: Margie Arcangelo | (239) 362-1335 | margie@crownsearch.com

Position Description:

The VP will assist in all development activities for the Los Angeles region.  This entails the sourcing and execution of the development pipeline, including the pursuit, diligence, and acquisition of new development opportunities, managing the design process, reviewing each phase of the construction process and coordinating site specifications. Essentially, executing the development process from land acquisition thru stabilization while running the Los Angeles office.

 Responsibilities include:

• Identifies development opportunities then executes and manages the pre-development feasibility assessment, acquisition, design, development, asset management and eventual disposition of the property.
• Oversees the development and construction of a property, including negotiating land contracts, entitling sites, developing budgets, and developing construction schedules.
• Ensures current cash flow and long-term market value of existing assets is maximized.
• Maintains relationships with brokers, land sellers, homebuilders, and investors.
• Interviews, hires, trains, and supervises Development Associates.
• Participates in Company-provided training such as fair housing, safety, non-discrimination, and harassment prevention.
• Complies with all Company National Standards, applicable health and safety rules and regulations, as well as applicable local, state, and federal laws.
• Ensures strict compliance with plans and communicates to the Senior Managing Director any critical issues.

 Qualifications for consideration:

• Minimum of eight years of experience in Multi-Family real estate development that can include acquisitions and/or finance.
• Bachelor’s degree in Business, Finance, Economics, or Real Estate.

Key traits for success:

• Sourcing: A proven track record of sourcing new multifamily development deals in the Los Angeles region.
• Network: An established broker and landowner network in the region with a thorough understanding of market changes and forces that influence the organization.
• Work Ethic: Displays self-starting, self-motivated traits and excels in an entrepreneurial environment. Consistently delivers accurate and timely work product and accepts personal accountability for results.
• Composed: Resolves issues while professionally managing business relationships.
• Judgment and Decision-Making: Must have the ability to make sound decisions based on information gathered and analyzed. Consider all pertinent facts and alternatives before deciding on the most appropriate action.
• Intuitive: Understands project scope, purpose and audience; anticipates varying perspectives and inquiries; stays one step ahead of incoming requests based on business instincts.

To learn more about this position, contact: Jon Nowikowski | (412) 339-5376 | jnowikowski@crownsearch.com