Vice President of Development Acquisition

Description

• Support the company’s business strategy on acquisition of real estate assets for development into mixed-use, commercial, multifamily, for sale condominium, and hotel properties
• Set initial milestones and spend schedule for approval
• Collaborate with the finance department to perform predevelopment underwriting for land acquisitions
• Ensure that work product meets deadlines
• Lead negotiations for public incentives with public bodies for both land acquisitions and vertical projects
• Assist the finance department in conducting project diligence and predevelopment underwriting for proposed vertical mixed-use projects
• Prepare the initial business plan, including identifying the market, customer profiles, opportunities for public-private partnership, and SWOT analysis, for both land acquisitions and vertical mixed-use project proposals
• Stay up-to-date with industry best practices
• Finance – debt and equity assumptions, public finance modeling (collaboration with consultants)
• Develop and maintain professional working relationships with local agencies, private consultants, citizen groups, and community service organizations
• With relevant departments, jointly present recommendations to executive leadership, ensuring that recommendations align with the company’s overall business objectives
• Produce feasibility and risk analysis narratives for development opportunities, including market conditions, zoning, consumer and public incentive economics, site analysis, and demographic analysis
• Collaborate with local officials to identify, propose, negotiate, and implement economic revitalization strategies to support development acquisition and vertical project strategies
• Recommend process improvements, including creating standard and ad-hoc reports, toolsets, and dashboards
• Prepare in advance of meetings and ensure attendees understand expectations and outcomes
• Attend and participate in relevant public-body meetings as needed (i.e., city council, county commissioners, port authorities, new community authorities, planning and zoning commissions, architectural review boards, etc.)
• Build relationships with partners and others in the industry by getting involved with industry organizations
• Propose alternative approaches to problems when work product does not reflect desired outcomes
• Establish private-public partnership for positive long-term economic project success, including through the use of incentives for business retention, new construction incentives, and tax increment financing strategies
• Ensure a smooth turnover of projects to the design and development team
• Lead the development team’s process for new deal identification and feasibility analysis, collaborating across multiple departments to establish and maintain deal evaluation tools, metrics, and processes
• Development – master planning and program layouts (as needed)
• Collaborate on the expanded business plan with internal departments in their relevant areas of expertise

Requirements

• Knowledge of all facets of acquisition, administration, and disposition of leased and owned real estate property
• Excellent verbal and written communication skills, and an ability to build rapport
• Strategic approach to problem-solving and troubleshooting
• Expertise in design and construction methods
• Ability to thrive in a fast-paced environment and maintain a sense of urgency with an appropriate level of patience
• Ability to give clear direction and respond to inquiries
• Experience with deal structuring and deal negotiation
• Proficiency with Microsoft Office products, project and workflow management software (i.e., Monday.com, Procore), project procurement and budgeting software (i.e., Northspyre), Placer.ai, CoStar, and other common industry tools
• Base-level proficiency with public financing incentives, including tax increment financing (TIF), abatements, and public-private partnerships
• Adeptness in navigating complex challenges
• 7-10 years of real estate experience
• Strong analytical, organizational, problem-solving, and multitasking skills
• Strong communication and frequent outreach to city officials, business groups, and real estate professionals
• Remain familiar with the existing inventory of available buildings, businesses, and land areas
• Expertise in financial analytics modeling and budgeting
• Ability to explain the relevance of key data and variables in work product

Benefits

Training + Development

Interview process

Visa Sponsorship

Security clearance