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VP, Development (Midwest)

Company is confidential
Salary
Competitive
Employment
Full Time
Work Place
Part Remote
Real Estate Field
Location
Indianapolis
 IN
Postal Code
46203
Country
United States

This job is no longer active.

Description


The Company

Our client is an award-winning, mixed-use development, construction, and property management company that specializes in Class A, urban, multifamily residential buildings. Headquartered in Indianapolis, Our client is comprised of inspired and industrious individuals who are passionate about the development of mixed-use and multifamily communities

Our client provides exceptional customer experiences and create solutions for neighborhoods that positively impact communities by providing unparalleled expertise in real estate, investment, development, construction and management.

The firm develops high-quality projects that are financially responsible, withstand the passage of time, improve peoples’ lives and transform communities.

Mission Statement

Our client develops, builds and manages unique real estate assets, creating value for our partners and the markets we serve. We enable our employees to enjoy their work together, to focus on making a positive impact on neighborhoods, and to be the industry leader in delivering progressive communities for our residents.

Key Pointers:

Culture Statement

  • Our client stands as one team dedicated to transforming neighborhoods.
  • Through transparency and collaboration, we empower our people to lead.
  • Bikes are our allies; local food is our addiction and entrepreneurship inspires us.
  • First impressions are set by our energy and passion, not suits and ties.
  • We embrace the changing ideal of what people call home.
Values
  • Integrity: Doing the right thing, even when it is difficult
  • Execution: Being on time, on budget, leased, and at quality
  • Innovation: Pursuit of new ideas to solve problems and affect change
  • Collaboration: Building trust and leveraging communication to accomplish shared goals

Purpose of the Position

Based in Indianapolis and reporting to the Chief Executive Officer and the Senior Vice President of Development and Construction Operations, The Vice President, Development (VPD) is responsible for the operational oversight, P&L, and full-cycle management of the development function within the Midwest markets for the organization.

The successful hire will lead the regional development team to source, underwrite, acquire, entitle, and work with the design and preconstruction team for all new projects through the delivery of the buildings to property management.

In addition, this individual will provide leadership to the overall regional execution team alongside the head of property management and construction to ensure and be the firm’s brand and cultural ambassador and help keep the regional teams morale and performance high.

The Vice President, Development (VPD) is responsible for the creation of pipeline and the execution of our client’s development projects. This instrumental leader works with the overall team to deliver projects on time, on budget, leased, and at quality.

The VPD uses keen knowledge of the market(s), management, problem solving, critical thinking, and analytical skills to manage a team and a range of specific projects to grow the portfolio of Development.

Key Responsibilities

This individual will:

  • Drive pipeline and business development to secure sites, obtain entitlements, and meets the pipeline goals for the market
  • Collaborates with the team to create each project vision and ensure the implementation and execution of the project details from the pre-development phase to the lease-up of the project
  • Establish and maintain key relationships with market professionals, municipalities, and key relationships
  • Work with the company’s legal team, to negotiate development and partnership agreements on potential development opportunities
  • Oversee the creation of feasibility studies, concept plans, project capital budgets, schedules and financial proformas
  • Oversee development teams to ensure all projects are delivered on time and on budget
  • Collaborate with the Head of Design & Construction to help conceptualize the vision and ensure successful completion of each development
  • Establish relationships with public officials and governmental agencies, obtain entitlements and permits, public hearing representation for all three markets
  • Encourage and support customer centricity within the team so that it is recognized as an industry leader for its capacity to provide best in class operations
  • Manage and oversee development teams of consultants and contractors
  • Establish annual development goals for pipeline and execution of projects for their market(s) and creates development opportunities at or beyond goals
  • Bring and develop market knowledge expertise of the strengths, weaknesses, and opportunities for development within their market(s) and understands the market comps
  • Plan, organize, and conduct regular project meetings in concert with the contractor and design team until construction commencement
  • Manage business development, predevelopment, and development endeavors with the support senior management
  • Operate within the policies and procedures of the company’s development department
  • Solicit and analyze pre-development proposals/contracts and budgets
  • Collaborate with other departments to ensure implementation of development vision on project details, ranging from pre development to lease up of the project
  • Ensure finance packages, market studies, proposals, and RFP’s/RFQ’s are accurate and timely by working with Development Associates and other team members
  • Once a project is approved by investment committee, ensure that it stays at or above approved financial returns with responsibility through construction turnover
  • Ensure approved projects stay on track for budgeted start date
  • Work with Development Associates and other staff to ensure that all dashboards, reports, budgets, and proformas are accurate and timely
  • Analyze, identifies, and obtains control of key development sites in the market(s), sites, and development opportunities
  • Represent and promotes the company brand in public forums, industry events, and blogs
  • Present projects and/or capital requests to investment committee for approval
The Candidate

Experience and Professional Qualifications

The successful candidate will be a seasoned real estate development executive with demonstrated experience identifying and executing large scale urban infill multifamily development opportunities. He/she will also have a proven track record leading teams, overseeing operations, and driving growth through development and repositioning of assets.

The candidate should be capable of both analytical, deep thinking coupled with open minded and innovative approaches. He/she should also possess strong negotiating and presentation skills. The ability to create relationships internally and externally will be an important asset.

To perform this position successfully, an individual must be able to perform each essential duty satisfactorily. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

  • A bachelor’s degree or equivalent, ideally specializing in Business, Real Estate, Architecture, Landscape Architecture, or Urban Planning
  • Advanced degree is preferred in law, urban planning, or business
  • Minimum of seven (7) to (15) fifteen years + of experience in real estate development, investment, planning, or construction
  • Experience with graphics and technology
  • Experience with managing and negotiating deals / contracts
  • Must be able and willing to travel at least 50% of the time
Education
  • A bachelor’s degree or equivalent, ideally specializing in Business, Real Estate, Architecture, Landscape Architecture, or Urban Planning
Skills and Competencies

This individual will:

  • Be a strategic thinker with sound judgment and decision-making capability
  • Bring proven leadership skills and the ability to manage a high-performance development organization
  • Be detail oriented with a quantitative approach to the business, coupled with the ability to assume a long-term owner’s perspective
  • Have a proven ability to adapt to and manage frequently changing priorities
  • Be committed to teamwork and team building in a collaborative environment
  • Bring strong written and verbal communication skills; prior experience interacting with institutional investors is a plus
In addition, this individual:
  • Will actively develop knowledge and history of the firm’s services and processes through their desire, intellect, technical inclination, and dedication
  • Be technically proficient (Intermediate to advanced) with various operating systems, software products (e.g. MS Office, etc.)
  • Tend to detail and accuracy
  • Organize, plan, and manage time effectively
  • Objectively coach employees and management through complex, difficult, and emotional issues
  • Work independently and efficiently manage time / workload
  • Will be experienced in analyzing, and interpreting financial reports, business, professional, and technical documents
  • Will effectively present information and respond to questions from customers, partners, vendors, and staff
  • Will apply common sense understanding to carry out instructions furnished in written, oral, or diagram form
  • Can write presentations, articles, routine reports, proposals, and correspondence
  • Can calculate figures and amounts such as discounts and percentages
  • Can define problems, collect data, establish facts, and draw valid conclusions
  • Can interpret an extensive variety of instructions and deal with several abstract and concrete variables
  • Can prioritize tasks and tactfully negotiate priority with end users
  • Can work under deadline pressure and extra hours if needed
Certificates, Licenses, Registrations
  • LEED AP, real estate broker, and/or design accreditations such as AIA, RLA, RID, PE
 

Job Sector


 

Experience


7+ to 10 years


This job is no longer active.

Development Residential Indianapolis Full Time IN Development, General Management and C-Suite, Planning/Entitlement VP, Development (Midwest) other