SVP Development Investment - Trammell Crow Company

CBRE - Houston, TX

Full-time - Senior

Houston, TX

Real Estate

About the position

At Trammell Crow Company, we create the buildings of tomorrow, so our clients and communities thrive today! At our core, we are creators who bring local ingenuity and global vision to everything we build. From our unique ability to transform spaces into places, to our resourcefulness in meeting the diverse needs of businesses and investors, our performance is powered by inventive teams with an entrepreneurial attitude. When you join Trammell Crow, you are joining a dedicated team of people who are committed to upholding our RISE (Respect, Integrity, Service, Excellence) Values. Our RISE values fuel our mission for a diverse, equitable, and inclusive work environment so our people, our business partners and the communities in which we build: thrive. We are driven by our most powerful asset—our people. Comprised of teams possessing passion, innovation, and an open culture of excellence, we are actively seeking talent with a diverse set of backgrounds and experiences across all industries to apply for open positions. Our SVP Development Investment role is responsible for Multi Family development and investment activities in the Houston, TX market. The role is accountable for the sourcing, underwriting, and field execution of transactions, including site selection, securing entitlements and approvals, budgeting, design, crafting and implementing project business plans, capitalizing and monetizing of projects, usually under direction of principal-level colleague and in conjunction with development management professionals. The role will be responsible for building out and leading the team necessary to meet the Business Unit's goals and objectives.

Responsibilities

• Develop relationships with market participants (investors, brokers, tenants, lenders, engineers, appraisers, etc.) to maintain current knowledge of market conditions and opportunities.
• Identify and gain control of new development and build-to-suit development opportunities.
• Manage the predevelopment process to include due diligence, entitlements, risk mitigation, and overall deal viability.
• Negotiate and secure deal terms from a variety of debt and equity sources for purposes of resolving optimal capital structure.
• Create investment packages and present and lead projects through internal Investment Committee process.
• Manage the planning, organization, and controls for major projects, functional areas, or departments.
• Regularly review all company proprietary asset management system (ELITE) information on assigned projects to ensure completeness and accuracy of data.
• Supervise a mix of direct and matrix reports, recommending recruitment, selection, promotion, and corrective action as necessary.
• Develop and maintain successful relationships with clients, partners, consultants, architects, contractors, and brokers.
• Support deal document redlining, tracking, and completion for term sheets, purchase and sale agreements, loan documents, and lease agreements.

Requirements

• Bachelor's degree in business, engineering, or architecture from an appropriate 4-year college program.
• Typically at least 10 years experience in commercial real estate with strong land sourcing, financial, and leasing abilities.
• Proven track record to lead profitable development projects.
• Experience developing Multi Family product in Houston, TX preferred.
• Demonstrated track record of successful negotiation with key partners, including employees, top management, investors, lenders, sellers, tenants, public and private collaborators, and community groups.
• Demonstrated capability of leading multiple individuals on teams and developing and implementing business strategy.
• Requires high level analytical and quantitative skills with proven experience in developing strategic solutions.
• Demonstrated understanding of financial and real estate terms and principles.
• Ability to calculate intermediate figures such as percentages, discounts, present value, internal rates of return, and/or commissions.
• Ability to analyze financial statements from outside sources.
• Ability to comprehend, analyze, and interpret business documents and financial analysis.

Nice-to-haves

• Law degree, MBA, or other relevant graduate degree preferred.
• Self-motivated mentality with an entrepreneurial spirit.
• Ability to conduct research and draft reports, presentations, and other forms of internal and external communication.

Benefits

• Equal Employment Opportunity
• Reasonable accommodations in job application procedures for individuals with disabilities.