VP, South Florida
Location:
South Florida
Company Description:
Our client is a premier commercial real estate firm specializing in the investment and development of logistics properties throughout the Southeastern and Southwestern United States. The company focuses on three core competencies: speculative development, build-to-suit development, and value-add acquisitions. Its principals have over 125 years of combined experience, have invested over $25 billion in industrial real estate, and developed over 100 million square feet.
Position Description:
The Vice President is a newly created position. The hired candidate will be deeply involved in every step of the development process from start (deal sourcing) to finish (stabilization & value creation). This person will help define strategy through in-depth analysis of market data/research, front-line development of brokerage relationships to source opportunities, lead the underwriting /investment committee process, contribute to due diligence, entitlements, and site planning, and work on key elements of the execution, including sourcing/securing financing and leasing of projects.
The Vice President is a forward-facing role based in South Florida. The hired candidate will have a proven track record of success sourcing and developing logistics properties in the Tri-County area with established local relationships, analytical skills, the technical expertise to work well with civil engineers, and the problem-solving skills needed to underwrite and develop complicated sites.
General responsibilities will include, but are not limited to:
- Regularly interface with the brokerage community across applicable markets to obtain market information and drive deal opportunities.
- Complete market research and form investment recommendations – through communication with brokers and third-party data providers – to analyze relevant lease comparables, sale comparables, competitive sets, development pipelines, and general market data.
- Underwrite development and value-add acquisition investment opportunities using Excel and Argus software, including developing pro forma cash flows, supporting schedules, and sensitivity analyses.
- Compile Investment Committee Memoranda for potential transactions. Content may include maps, investment merit narrative, outlining potential risks/mitigations, market color, and underwriting support.
- Assist throughout the due diligence process to identify/mitigate risk and optimize site plans for functionality and cost.
- Service-minded contribution to efforts in sourcing and securing construction financing.
- Collaboration with construction management to ensure accurate budgeting and monthly draws.
- Coordinate lease-up of projects alongside Development Partner.
Preferred Qualifications:
- Bachelor’s degree required
- Demonstrated interest in real estate development
- Proficiency in Microsoft Excel, PowerPoint, and Word
- Strong written and verbal communication skills
- Excellent attention to detail
- Demonstrated analytical skills
- Ability to multi-task and prioritize among numerous deals/tasks in a fast-paced environment.
- Travel is required for market reconnaissance, industry events, and continuing education.
- Self-Starter & Problem-Solver
- Team-oriented & Optimistic
To learn more about this position, contact: Jon Nowikowski | (412) 339-5376 | jnowikowski@crownsearch.com