The Michaels Organization
Director of Development
The Michaels Organization, San Diego, California, United States, 92189
OverviewThe Michaels Organization is a national leader in residential real estate offering full-service capabilities in development, property management, construction, and investment. At Michaels, our teammates strive to fulfill our promise of creating communities that lift lives – ones that jumpstart housing, education, civic engagement, and neighborhood prosperity. With this passion at the forefront of our business, Michaels teammates can be proud to be a part of the extraordinary, every day.The Director Development reports to the Vice President of Development. Primary responsibilities will be day-to-day general oversight on multiple projects throughout various cycles of development, entitlement, pre-construction and construction for on and off campus student housing projects, market rate, attainable and affordable housing projects.Responsibilities
Produce, review and analyze development programs (i.e., unit mixes, unit sizes, unit counts, amenity programs, etc.), rental rates, development budgets, operating budgets, as well as development pro forma models, in order to produce development opportunities that yield optimal economic results for the organization.Procure and provide oversight to obtain in a timely manner title reports, surveys, environmental reports, geotechnical reports, market studies, appraisals and other third-party reports to help determine project feasibility.Perform and coordinate full transaction due diligence and closing functions.Interact with debt, equity, title, lender, legal, construction, property management and third-party consultants and vendors to ensure timely and efficient closing of transactions.Assist in preparation and potentially represent the “project” on presentations to city councils, planning groups, zoning boards, board of trustees, etc.Manage and coordinate project reporting. Weekly and monthly reporting will include project schedule, project accounting/financials and coordination on leasing and marketing status.Produce, manage and coordinate Monthly Owner’s draws.Work with VP of Development, National Director of Facilities and VP of Operations and Construction Services team to establish and ensure individual project goals are met and to establish key protocols going forward.Work closely and build relationships with vendors, design professionals and contractors in order to establish and maintain “protocol and standards” but also to generate new business leads.Make recommendations to Vice President to improve the project and productivity of projects. Work closely with accounting on all property financial information.Develop new business opportunities for market rate, on and off campus student housing and attainable housing projects that are in alignment with the strategic goals of the organization.Qualifications
Required Experience:
5-7+ years of experience with Real Estate development and in-depth knowledge of the multifamily development process, due diligence through construction and how these projects are financed. An understanding of student housing and experience is critical. Strong interpersonal and communication skills; experience in effectively communicating key data and information to development team members and executives, as well as strong public speaking and presentation skills. Keen analytic, organization and problem-solving skills.Required Education/Training:
Minimum of a BA or BS in Business Administration, Finance, Real Estate or similar disciplineRequired Skills and Abilities:Time ManagementPerformance ManagementAbility to Work Independently in a Fast-Paced EnvironmentTeam collaboration with a wide array of professionals, operates with humility and integrityWorking Conditions:
3 days a week in office with 2 days remote working available.Travel to multiple locations throughout the development process and delivery of the projects will be required.Salary Range Information:
The range displayed on each job posting reflects the targeted base salary for the position. Within the range, individual pay is determined by work location and additional factors, including job-related skills, experience, and relevant education or training.Rewards & Benefits:
We know Michaels’ promise of lifting lives starts with our teammates, so making sure every single teammate is happy, healthy, and set up for a successful future is important to us. As part of our team, you will enjoy a competitive wage, a comprehensive benefit package which includes Medical, Dental, Vision, prescription, etc., generous paid time off, a 401 (k) plan with a company match, and so much more. We believe in education – and in taking care of our own – so as an added incentive your children will be able to apply for the Michaels Employee Scholarship Program.Help make the world a better place in a team-oriented environment.Grow with our organization through various professional development opportunities.Collaborate and thrive in a company culture where all are welcome.Michaels teammates make a difference in the lives of residents, colleagues, and the communities where we live and work every day. To learn more about the total rewards we offer please visit our website.Come join our team. You’re going to love it here!Salary Range: $140,000 - $160,000 Annual Salary
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Produce, review and analyze development programs (i.e., unit mixes, unit sizes, unit counts, amenity programs, etc.), rental rates, development budgets, operating budgets, as well as development pro forma models, in order to produce development opportunities that yield optimal economic results for the organization.Procure and provide oversight to obtain in a timely manner title reports, surveys, environmental reports, geotechnical reports, market studies, appraisals and other third-party reports to help determine project feasibility.Perform and coordinate full transaction due diligence and closing functions.Interact with debt, equity, title, lender, legal, construction, property management and third-party consultants and vendors to ensure timely and efficient closing of transactions.Assist in preparation and potentially represent the “project” on presentations to city councils, planning groups, zoning boards, board of trustees, etc.Manage and coordinate project reporting. Weekly and monthly reporting will include project schedule, project accounting/financials and coordination on leasing and marketing status.Produce, manage and coordinate Monthly Owner’s draws.Work with VP of Development, National Director of Facilities and VP of Operations and Construction Services team to establish and ensure individual project goals are met and to establish key protocols going forward.Work closely and build relationships with vendors, design professionals and contractors in order to establish and maintain “protocol and standards” but also to generate new business leads.Make recommendations to Vice President to improve the project and productivity of projects. Work closely with accounting on all property financial information.Develop new business opportunities for market rate, on and off campus student housing and attainable housing projects that are in alignment with the strategic goals of the organization.Qualifications
Required Experience:
5-7+ years of experience with Real Estate development and in-depth knowledge of the multifamily development process, due diligence through construction and how these projects are financed. An understanding of student housing and experience is critical. Strong interpersonal and communication skills; experience in effectively communicating key data and information to development team members and executives, as well as strong public speaking and presentation skills. Keen analytic, organization and problem-solving skills.Required Education/Training:
Minimum of a BA or BS in Business Administration, Finance, Real Estate or similar disciplineRequired Skills and Abilities:Time ManagementPerformance ManagementAbility to Work Independently in a Fast-Paced EnvironmentTeam collaboration with a wide array of professionals, operates with humility and integrityWorking Conditions:
3 days a week in office with 2 days remote working available.Travel to multiple locations throughout the development process and delivery of the projects will be required.Salary Range Information:
The range displayed on each job posting reflects the targeted base salary for the position. Within the range, individual pay is determined by work location and additional factors, including job-related skills, experience, and relevant education or training.Rewards & Benefits:
We know Michaels’ promise of lifting lives starts with our teammates, so making sure every single teammate is happy, healthy, and set up for a successful future is important to us. As part of our team, you will enjoy a competitive wage, a comprehensive benefit package which includes Medical, Dental, Vision, prescription, etc., generous paid time off, a 401 (k) plan with a company match, and so much more. We believe in education – and in taking care of our own – so as an added incentive your children will be able to apply for the Michaels Employee Scholarship Program.Help make the world a better place in a team-oriented environment.Grow with our organization through various professional development opportunities.Collaborate and thrive in a company culture where all are welcome.Michaels teammates make a difference in the lives of residents, colleagues, and the communities where we live and work every day. To learn more about the total rewards we offer please visit our website.Come join our team. You’re going to love it here!Salary Range: $140,000 - $160,000 Annual Salary
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