Director, Community Development - Vernal, United States - BSFR Property Management LLC

BSFR Property Management LLC Vernal, United States

3 weeks ago

Description

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Director, Community Development

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locations

Houston, Texas

Denver, Colorado

time type

Full time

posted on

Posted 2 Days Ago

job requisition id

R

Location
Village on Memorial Memorial Drive

Business

We are a leader in the single-family rental (SFR) Aggregation space with over 10,000 homes across the Southeast and Midwest.

Maymont Homes was founded in 2011 to bring technology to the single-family rental space.

Over the years we have become a full-service acquisition, renovation, and property management company growing throughout the South and Midwest.

By the application of efficient processes enabled by advanced software, our company can provide clean, safe, affordable housing to thousands of people.

We strive to offer better living opportunities for individual families, which ultimately improve the lives in the communities we serve
Job Description

Job Title:
Director, Community Development – Western Region
Reports

to:
Chief Investment

Officer

FLSA

Status:
Exempt

Supervise Others:
Yes

Primary Responsibilities:

The Director of Community Development - Western Region is responsible for identifying, underwriting, negotiating, and acquiring new build-for-rent communities consistent with the investment strategy set by the company in the Western portion of the United States.

Note, the position will be onsite either in Houston, TX or Denver, CO. Posting addresses below do not necessarily reflect exact location.

Skills & Competencies:
Bachelor's degree in Finance, Economics, Business, Real Estate, construction science or another similar field or equivalent
Master's degree in Real Estate Development or Business Administration preferred
7-10+ years of progressive real estate and development experience within the single-family, homebuilding, and/or multi-family industries
Experience with site analysis, land acquisition and entitlement processes as well as development project management
Strong management capabilities with experience in managing people, department operations, budgets and proformas, and a track record of growing and training a team
Strong interpersonal and communication skills, comfortable speaking before large groups, and presenting investment memos to executive level committees and other similar groups
Efficient in effectively focusing upon and communicating only the relevant key concepts/metrics
Advanced knowledge of Word, Excel, and PowerPoint; comfortable working with complex data
Highly organized, able to manage and prioritize multiple business objectives and projects in disparate geographies with the proper sense of urgency and accountability
Experience working in a work schedule environment, including in-office operation, weekends, and holidays, based on business need

Essential Job Functions:
Generate new prospective homebuilder and developer relationships to partner with the firm in creating build-for-rent communities via a variety of deal structures
Lead a team in the financial underwriting of new communities proposed by the firm's builder and developer sponsors
Responsible for the preparation of investment committee memos to gain approval for new projects
The role will ensure all underwriting assumptions are reasonable and up to date as relates to the cost and time to complete all aspects of the development and construction of build-for-rent communities
Recruit, hire, evaluate, train, develop and retain productive and highly engaged investment team members within the community development group
Effectively manage the community development group's deal pipeline, providing and maintaining up to date data on current and prospective projects, related market, and sub-market information, proformas, deal status, key dates, and any other information required by senior decision makers
Negotiate term sheets consistent with firm's investment strategy and structures that lead to the successful and timely completion of signed contracts
Negotiate purchase and sale agreements, consultant contracts, and joint venture agreements
Act as owner's representative for assets under development, attending meetings with consultants, contractors and other parties as needed to proactively manage and find solutions that may arise that affect project budgets, schedules, potential change orders, or project scope
Oversee construction close out process, punch list, and acceptance of completed homes in accordance with internal processes and operations / construction teams
Complete all requisite due diligence with new projects within contractually obligated time frames
Manage and refine the firm's preferred build-for-rent product proto-types offered by the firm's homebuilder partners, making proper adjustments as required by local area demand, demographic trends, and the larger competitive landscape
Coordinate with Asset Management as necessary to ensure reporting during development and lease up is timely, accurate and properly reflects the status of the project through stabilization
Review and approve invoices and contractor draw requests, ensuring invoices are accurate, appropriate, and that project is proceeding as planned
Coordinate and collaborate with leasing and marketing teams before and during the lease up of new projects to ensure execution of the project's business plan
Support the Asset Management and CIO in structuring project level and/or any programmatic financing structures associated with the communities by communicating consistently about upcoming projects, working with external and internal capital markets advisors, and staying abreast of market conditions
Other duties, as assigned by supervisor or leadership team.
Why work for

Maymont Homes ?
Our Mission

– "We Positively Impact the Lives in the Communities We Serve". We do this through the work we do and the volunteer efforts that the company sponsors. You can make a difference in your community while you work
Outstanding benefits package

– our benefits are provided by Brookfield and offer immediate 5% match on the 401(k) plan, wellness credits that significantly reduce the employee cost for health care coverage, and up to 160 hours of PTO per year for full time employees.
Huge parent company

– support and backing from Brookfield Asset Management, one of the largest real estate asset management companies.
Career growth

– with our plans for growth and expansion into new markets, there are many opportunities to move up within the company.

Equal Opportunity Employer:
Minorities/Religion/Sex/Protected

Veterans/Disability/Sexual

Orientation/Gender Identity/Marital

Status/Pregnancy/Age/National

Origin/Genetic Information.

#MYMT

About Us

At Brookfield Properties, our success starts with our people. People like you.

We develop, operate, and manage more than 800 properties and 350 million square feet of real estate across the globe.

It's a feat that wouldn't be possible without our team, a diverse group of creative visionaries and innovative experts who are relentless in pursuit of one goal:

to ensure our buildings don't simply meet the needs of our tenants, residents, and communities — but exceed them, every day.

#J-18808-Ljbffr

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