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Senior Director, Capital and Redevelopment

  • Location:

    California, North America

  • Sector:

    Real Estate & Development

  • Job type:

    Full Time

  • Salary:

    US$185000.00 - US$220000.00 per annum

  • Contact:

    Cobalt Recruitment

  • Contact email:

    applications@cobaltrecruitment.com

  • Job ref:

    JN -092022-78180_1664546038

  • Published:

    09-30-2022

  • Expiry date:

    11-29-2022

  • Start Date:

    ASAP

Senior Director, Capital and Redevelopment

Location: West Coast, USA

Our client is a Nationally ranked Real Estate Asset Management business specializing in multifamily housing. With a diverse portfolio with over 400 multifamily properties across the US, they are looking to add a Senior Director of Capital and Redevelopment to run their West Coast division.

The Role:

  • Primary responsibilities include identifying, planning, and executing value-add investment projects in the West Coast region.

  • Leads the implementation of capital strategy in the multi-family sector, in order to maximize the operational and financial performance of acquired properties, achieve acquisition pro-forma objectives, enhance the asset and its value and enhance the customer Lifestyle experience.

  • Initiate redevelopment project discovery and scoping with Asset Management, Operations, Construction Services, Marketing, Revenue Mgmt., etc.

  • Leads the design and project management of capital improvements, including conceptual development, budgeting, timing, scoping work.

  • Leads, trains, develops, motivates, and evaluates direct reports in order to develop and maintain a high level of employee commitment and competence for sustained and self-reliant performance and achievement of department goals.

The Person:

  • Minimum of 15 years in a similar role or a combination of the following: real estate development/redevelopment, architecture/design, asset management or investment strategy within the multi-family sector.

  • Experience working at a publicly traded real estate, institutional financial services, or public/private equity firm preferred. In addition, experience in REIT performance metrics and reporting.

  • Experience in a management or leadership role in property management or operations, as it related to capital and redevelopment success.

  • Bachelor's degree required, MBA preferred in related field, including architecture, economics, business or finance

  • Strong work ethic, and ability to work both independently and as part of a team.

  • Strong multifamily real estate investment knowledge.

  • Prior experience with investment modeling, budgeting/forecasting and underlying drivers of operational, financial and cash flow performance.

  • Willing and able to travel extensively, about 2-3 weeks per month to various sites across the West Coast.

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