Macdonald and Company are proudly partnered with a private equity real estate investor and developer in Salt Lake City, who specialize in Affordable Housing, Market-Rate Multifamily, Mixed Use, and Student Accommodation projects.
The firm have a superb reputation, and take a design-forward, mission-driven approach to their work. They are a high-performing group of individuals, and therefore seek a talented Vice President of Development to take on a key role within the organization in heading up their Development platform.
Core Responsibilities
- Responsible for all development & construction functions, including, but not limited to Planning, Design, Development, Construction and Environmental Sustainability.
- Lead and manage the project design teams (architects, engineers, interior designers and other consultants) and the general contractor from pre-construction through completion.
- Work with local government other related parties to obtain necessary project permits and entitlements.
- Negotiate contracts, leases, and other critical legal documents to mitigate project risk.
- Compare contractor cost estimates, interview contractors, and assist in selecting the contractor that will best ensure success for the project.
- Prepare monthly lender draws and ensure compliance with lender loan agreements.
- Work closely with Asset Management and Operations during pre-development, construction and post-construction to transition the property to long-term operations.
- Assist in analyzing potential new development projects, providing input for proformas and preparing investment memos.
- Creation of new processes and implementation of improvements to current processes/best practices.
Target Experience
- A Bachelor’s degree in Finance, Construction, Architecture, Urban Planning, Civil Engineering, or related field. Master’s in real estate development is a plus.
- 7+ years of experience in Multifamily ground-up real estate development and/or construction, specifically the management of development projects from initial feasibility, permitting, construction, and final Certificate of Occupancy & the selection and management of third-party construction, architectural, engineering, and design teams.
- Experience with Low Income Housing Tax Credit (LIHTC) projects is preferred.
- Proven success in a leadership position with sound technical skills, analytical ability, and good judgment.
- An energetic, forward-thinking, and creative team player with high ethical standards.
- Ability to identify and solve problems and to formulate ideas to increase efficiency of operations.
- Ability to perform in a high-pressure environment as needed in order to meet tight deadlines.
- Strong written, analytical, and oral communication skills; strong leadership and interpersonal skills.
On Offer
- Competitive salary.
- Performance bonuses.
- Opportunity to participate in profits interest.
- Ability to co-invest.
