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Gables Residential Trust - Dallas Corporate - Dallas, TX
posted 4 days ago
About the position
Gables Residential is currently hiring for a Vice President to join our Investment/Development team. This position may be based in Dallas, Houston or Austin. The Vice President will collaborate with the CIO to establish a multi-year regional investment plan, achieve investment goals for acquisitions, dispositions, and new developments, and manage regional profit & loss. The role requires sourcing a pipeline of multifamily development projects and acquisitions in alignment with investment goals, as well as managing acquisition and development budgets and schedules according to company policies and expectations.
Responsibilities
- Establish multi-year regional investment plan in collaboration with CIO.
- Achieve investment goals for acquisitions, dispositions, and new developments.
- Source pipeline of multifamily development projects.
- Source multifamily acquisitions.
- Manage regional profit & loss.
- Manage acquisition and development budgets and schedules.
- Identify, evaluate, and manage risks including development, construction, market, budget and schedule, contractual/legal, and operational.
- Exhibit local market expertise and develop relationships with the real estate community.
- Conduct feasibility analysis for new projects.
- Establish and execute business plans for acquisitions or development projects.
- Oversee design and construction processes.
- Collaborate with Operations and Marketing to develop product and operational strategy.
- Provide thorough communication with Gables Associates regarding current activities and major decisions.
- Oversee financial and accounting functions for projects.
- Stay abreast of market trends and maintain a database of information relating to submarket development/construction pipeline data.
- Solicit proposals and negotiate contracts with sellers, lenders, and third-party vendors.
- Visit all Gables assets in local markets frequently.
Requirements
- A 4-year undergraduate degree in a real estate related major.
- Master of Business Administration or Master of Science in Real Estate Development degree preferred.
- Seven years of ground up multifamily development experience.
- Experience sourcing a pipeline of multifamily development projects.
- Successfully executed multiple development projects cradle to grave.
- Experience in multifamily acquisitions.
