Senior Director, Multi-family Development

US-TX-San Antonio
1 month ago
ID
2017-1802
# of Openings
1

Company Overview

Acquiring, developing, and managing quality real estate investments since 1982, USAA Real Estate provides superior returns investing across the risk spectrum, with expertise in office, industrial, multi-family, retail and hotel assets. As a significant co-investor in all programs, USAA Real Estate maintains an “INVESTOR FIRST” mentality.  USAA Real Estate is the real estate investment management arm of USAA, a leading financial services company serving military families since 1922. USAA Real Estate has achieved a track record of success living up to the high standards set at USAA and sharing its culture.  USAA’s balance sheet puts USAA Real Estate in a position of strength – well capitalized to invest in multiple strategies.  This is a distinct competitive advantage.  USAA Real Estate is headquartered in San Antonio, TX and has eight regional offices strategically placed throughout the United States and two international regional offices.  www.usrealco.com

Job Description

Purpose of Job:

 

Support Managing Director (of Multifamily Development) in executing new multifamily ground up development transactions that meet investment targets; and by interfacing with various internal and external parties on the successful execution of the development plans for current projects in a growing national multifamily development portfolio ($3B currently).  This position is located in San Antonio, TX.  Relocation assistance is avaiable.  

 

Essential Duties:

  1. Provide support for evaluating new investment opportunities and structuring new ventures, drafting memorandums and executive summaries, and assembling data for internal evaluations and recommendations.
  2. Collaborate with RealCo’s internal team and external consultants on performing extensive due diligence for each new ground up development.
  3. Coordinate with internal and external parties to implement the necessary closing procedures for land acquisitions and joint venture transactions.
  4. Participate in the successful execution of the development plans that achieve RealCo’s target returns for each multifamily development project, in collaboration with RealCo’s development partners and the project teams.
  5. Review monthly construction draw requests and project reports, and coordinate legal and insurance matters with RealCo’s risk management and legal teams as needed.
  6. Monitor development execution and provide oversight of the project activities throughout the various phases of development, construction and project close out.
  7. Maintain ongoing knowledge of projects and elevate any potential issues to Managing Director and track solution implementation.
  8. Performs other duties as assigned.

 

At USAA Real Estate our employees enjoy generous benefits packages including comprehensive medical, dental and vision plans, 401k, USAA Membership eligibility, educational and professional designation assistance, business casual dress attire and much more! https://www.usrealco.com/careers/benefits.aspx  Qualified applicants must successfully complete a pre-employment background and drug screen.  The above description reflects the details considered necessary to describe the principal functions of the job and should not be construed as a detailed description of all the work requirements that may be performed in the job.

 

 

USAA Real Estate is an Equal Opportunity and Affirmative Action Employer of Females, Minorities, Veterans and Disabled.

Requirements

Minimum Qualifications:

  • Bachelor’s Degree in Construction, Real Estate Development, Finance or related field.
  • 10+ years of commercial real estate development experience.
  • Strong knowledge of construction methods and materials.
  • Experience in Multifamily development execution.
  • Advanced proficiency with MS Excel and Word.
  • Qualifications may warrant placement in a different job level.

Key Competencies:

  • Ideal candidate will be a team player with proven leadership skills, problem solving skills, and ability to manage multiple projects and priorities simultaneously.
  • Effective written and oral communication skills.
  • Exceptional written and verbal communication skills. 

Physical Requirements:

  • Regularly required to sit for extended periods of time; frequently required to stand, walk, and use business equipment daily such as computer, copier, fax, telephone, etc.; frequently required to reach overhead, bend, and lift objects of up to 40 lbs.
  • Ability to handle stress caused by multiple priorities, and other unforeseen situations associated with the organization.
  • Eyesight and hearing must be correctable to standard level.

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