Opportunity for a highly motivated individual with superstar potential to join one of the leading real estate investment firms in the United States. Greystar is a fully-integrated property management, investment management and development services company specializing in the multifamily real estate industry. Greystar operates over 410,000 rental apartments in 147 markets across the United States, United Kingdom, Mexico and the Netherlands. Through its institutional investment management platform, Greystar currently has an ownership interest in over $12.5B in gross assets ($5.9B of equity) of rental housing assets alongside a diverse group of global institutional capital partners. Greystar has been the most active residential-focused, private equity real estate firm in the world since 2010.
Greystar Development Directors lead the execution of the Company's development and new construction strategy by implementing and processing identified development projects for the assigned Region and/or markets, and by managing all facets and activities related to new development projects to achieve the established financial and growth targets for the Region. The Development Director will interface heavily with real estate owners, local market brokers and senior Greystar executives, so applicants must have dynamic verbal and written communication skills and strong interpersonal abilities. Prior real estate experience is not required, but non-industry applicants should have strong analytical and quantitative skills. Greystar offers a competitive salary and benefits. EOE
Develop and perform the 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 prentitlement 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 Region's business lead and discipline team leaders in achieving the Region'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 of Finance 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 member, client, and key stakeholder questions, concerns, and issues related to business, education, or human resources operations.
Accountable for coordinating work activities, ensuring open communication between consultants and Company project team members, lender's and equity investors as needed, by researching and communicating ongoing project status.