Shine Associates, LLC · 3 months ago
Senior Managing Director, Development
Dallas, TX
Full-time
Onsite
Director/Executive
10+ years expShine Associates, LLC is seeking a Senior Managing Director of Development to lead the sourcing and execution of the Company’s development strategy. This role involves managing new construction projects and building a local development team to achieve growth targets.
Real Estate
Responsibilities
Source new development opportunities, with the overall goal of one+ new construction start per year. Achieve this goal through building, developing and maintaining relationships with key stakeholders including brokers, consultants, land sellers, equity partners, lenders, etc. in the market to identify feasible, financeable, and profitable new initiatives
Negotiate or assist in the negotiation of complex legal instruments including contracts, easements, term sheets, loan documents, joint venture agreements, municipal agreements, joint development agreements, etc
Develop and perform financial analyses and entitlement risk underwriting, which forms the basis for site selection and the Company’s spending of pursuit capital and allocation of investment capital
Manage the pre-entitlement process by maintaining accurate pursuit cost forecasting and reporting and implement and execute programs and processes to ensure pro-forma development budgets, underwriting, schedules, quality, and standards are met and completed in accordance with adopted Company policies
Supervise development production team members and managers by interviewing, orienting, training and mentoring employees, and managing their performance in accordance with Company policies, values, and business practices
Fully engage and work with the Multifamily Business Lead and discipline team leaders in achieving the market’s financial and growth goals by participating in team meetings and calls, keeping team members informed about status of new development work, and actively working with the team on new business development, meetings with clients and investors, and other RFPs
Participate in routine Investment Committee meetings that focus on proposed development projects by making presentations on said projects, working with and assisting the Managing Director in project financing, and reviewing and providing progress updates on projects under pursuit, under construction and under lease-up
Discuss strategy and provide input to the strategic decisions and direction of the Company’s Development & Construction business, and act as a conduit to Managing Director for team members, client, and key stakeholder questions, concerns, and issues related to business, education, or human resources operations
Manage complex development projects under construction to ensure developments remain on time and on budget; interact with construction team members and third-party general contractors to achieve business plan goals on specific assets
Manage consultant third party consultants to identify, entitle, design, finance, permit, construct, lease, manage and dispose of new development projects
Accountable for coordinating work activities, ensuring open communication between consultants and Company project team members, lenders and equity investors as needed, by researching and communicating ongoing project status
Qualification
Required
10-15 years of real estate development experience
Strong interpersonal skills
Exceptional verbal and written communication
Ability and preference for working in a team-oriented setting
Deep and broad experience in multi-family development and new construction
Prior entitlement experience
Solid understanding of construction means and methods
Strong research skills
Ability to solve problems and multi-task in a fast-paced environment
Demonstrated ability to read, write, negotiate, and communicate effectively
Demonstrated ability to read and comprehend architectural, structural engineering and civil engineering plans
Extensive experience in negotiating Architectural and Engineering Consulting Agreements
Demonstrated high proficiency in Microsoft Word and Microsoft Excel
Demonstrated excellent mathematical skills
Demonstrate high proficiency in real estate modeling and underwriting
Demonstrated management and supervisory skills
Employment history that demonstrates the application and usage of a development (and construction) and/or facilities background
Company
Shine Associates, LLC
Shine Associates, LLC is a Boston based consulting and executive search firm that provides its clients in the commercial real estate industry with services at a national level.
2-10 employees
Funding
Current Stage
Early StageCompany data provided by crunchbase