Development Partner
Development & Construction - Atlanta, GA - Full Time
POSITION SPECIFICATION
DEVELOPMENT PARTNER
Shine Associates, LLC has been retained to search, identify and recruit a Development Partner. This position will be located in the Atlanta/Nashville Region.
CONFIDENTIALITY
Shine Associates, LLC has been exclusively retained on this assignment. Information contained in this position specification as well as any other information concerning our client provided or verbally discussed is confidential. All materials and discussions are to be utilized for the sole purpose of a candidate’s personal review of the career opportunity.
DEVELOPMENT PARTNER
The position we are looking to fill is Development Partner to establish the company’s Atlanta/Nashville Region for future multifamily garden, wrap and podium style development and acquisition activities. The individual will source sites and properties, direct the implementation of and execute systems, programs and processes to ensure proforma development budgets, underwriting, schedules, quality and standards are met and completed in accordance with adopted company standards. The firm’s goal is to execute 3-5 deals per year and has historically developed Class A projects with an average unit count of 300+ and a development value of $40mm+.
KEY RESPONSIBILITIES
- Source and underwrite potential acquisition of land for ground up developments and existing investment opportunities.
- Identify and analyze major risks affecting new development/acquisition opportunities.
- Possess excellent financial modeling skills as well as superior analytical and quantitative, problem solving skills.
- Research supply and demand forces in the various markets.
- Possess broker networks to facilitate new site opportunities.
- Be comfortable and competent in preparing market rent analysis.
- Prepare materials for and/or participate in investment committee presentations and internal quarterly meetings.
- Participate in the selection of engineering and design consultants.
- Develop and maintain document clarification procedures (RFI’s, ASI’s).
- Direct the coordination of architectural and engineering plans.
- Manage the site development permit, TCEQ, SWPPP and building permit process.
- Assist in preparation of construction schedule.
- Monitor billing forecast, cost controls and project accounting with accounting team.
- Monitor quality control by managing the unit turnover process with property management and operations maintenance staff.
- Prepare annual project level reforecasts and assist in budget review process for each asset.
- Support Asset Management with ramp up and lease up of the properties.
- Be able to manage three (3) development projects at any given time.
- Work closely with Project Management to ensure a smoot ground up/construction phase through completion.
QUALIFICATIONS
- BS/BA required. Major in business, real estate, finance or accounting.
- 8+ years of multifamily development/acquisition experience.
- Exceptional organizational skills with the ability to prioritize and multi-task.
- Ability to work independently and as a team member, independent thinker, high level of initiative and strong work ethic.
- Flexible with positive attitude and willingness to work additional hours to complete projects within fast-paced entrepreneurial environment.
- Expertise in Microsoft Excel, Project, PowerPoint and Word.
- Experience with HUD financed projects a plus.
- Excellent written and verbal communication skills.
COMPENSATION
The chosen candidate will receive a highly competitive salary plus an incentive package.
CONTACT INFORMATION
Shine Associates, LLC
www.shineassociatesllc.com
45 School Street
Suite 301
Boston, MA 02108
Tim Shine, Principal Hillary Shine, PrincipalShine Associates, LLC
www.shineassociatesllc.com
45 School Street
Suite 301
Boston, MA 02108
Cell (203)676-1115 Cell (203)613-3562
[email protected] [email protected]
Kelsey Shine, Director
Cell: (508)494-6569
[email protected]
