Senior Managing Director of Development

Senior Managing Director of DevelopmentAbout the CompanyReputable consulting & executive search firm specializing in commercial real estateIndustry Real EstateType Privately HeldFounded 2012Employees 1-10Specialtiescommercial real estate and executive searchAbout the RoleThe Company is seeking a Senior Managing Director of Development to play a pivotal role in launching and leading its residential development platform. The successful candidate will be responsible for sourcing and executing the company's development and new construction strategy, with a focus on achieving financial and growth targets. This leadership position requires a market leader with an entrepreneurial spirit, capable of building and growing a team and business to meet the company's ambitious objectives. Key responsibilities include identifying and pursuing new development opportunities, negotiating complex legal instruments, and managing the pre-entitlement process. The role also involves supervising a development production team, engaging with the Multifamily Business Lead, and participating in strategic decision-making for the company's development and construction business.Applicants for the Senior Managing Director of Development role at the company should have a minimum of 10-15 years' of real estate development experience, with a proven track record in sourcing transactions and a thorough understanding of development budgeting and underwriting. The ideal candidate will have a deep and broad experience in multi-family development, including market familiarity, entitlement experience, and a solid understanding of construction processes. Strong interpersonal skills, exceptional communication, and the ability to work in a team-oriented setting are essential. The role demands a leader with the ability to solve problems, multitask, and demonstrate proficiency in real estate modeling, underwriting, and financial concepts. The candidate should also have a history of management and supervisory skills, with the capacity to mentor and lead both staff and consultant teams.Hiring Manager Title President of Multifamily DevelopmentTravel Percent Less than 10%FunctionsBusiness Development General Management Strategy