Description
Transwestern Development Company creates real estate landmarks for itself, its partners and valued customers throughout the United States. Part of the Transwestern companies, the diversified business develops logistics, multifamily, office, mixed-use and healthcare properties, with a pipeline of projects in process or completed since 2012 exceeding $5.6 billion.
Our firm's award-winning culture and reputation for exceptional service are built on a common purpose – Empowering Good People to do Extraordinary Things Together. This unique approach, reinforced by the hiring of smart, passionate, hard-working people who understand the benefits of both collaboration and independence, create value for our team members and clients every day.
The Development Manager is to primarily execute existing projects and maintain relationships with our lenders, capital partners, various jurisdictional agencies, and key stakeholders. The Development Manager will also provide an opportunity to source new deals to help grow the company's development activities.
It is also the responsibility of the Development Manager to deliver the Transwestern Experience when interacting and communicating with tenants, owners, vendors and fellow team members.
POSITION ESSENTIAL FUNCTIONS
Work collaboratively with an in-house Construction Manager to manage day-to-day construction activities and keep the project aligned with the previously approved vision, budget, and schedule.
Develop financial models and play an essential role in financial analysis and underwriting new development investment opportunities and Investment Committee packages and presentations.
Coordinate timely project invoices and loan draws in accordance with consultant agreements and loan documents by working with the accounting team.
Effectively facilitate and coordinate project consultants, trades, and construction managers throughout the project life cycle.
Ensure projects remain on budget.
Prepare monthly development project reports for capital partners and senior executives.
Perform market studies and analyses to document trends and support new business development opportunities.
Collaborate with the Partners on marketing/branding to create and execute marketing leasing programs.
Meet with community and business groups to obtain community support for development.
Support the regional team in negotiating and closing acquisitions, financing, and dispositions.
Assist Partners in negotiations with jurisdictional agencies to define development agreements proffers, easements, etc. to secure all necessary entitlements.
Assist in the documentation of joint ventures, loan documents, and purchase and sale agreements through legal counsel.
Assist Partners in interfacing with institutional investors and lenders to finance sourced projects.
POSITION REQUIREMENTS
A bachelor's degree with emphasis in real estate or development related field.
A minimum of 5+ years of commercial real estate development or construction experience preferred.
Applicable experience in real estate accounting software, preferably with MRI and/or Yardi.
Advanced proficiency with Microsoft Word, Excel and Adobe.
Demonstrate strong analytical capabilities with a high attention to detail.
Ability to handle multiple projects, changing priorities and time-sensitive, work load(s).
Ability to provide general direction/be self-managed/work independently.
Ability to provide efficient, timely, reliable and courteous service to internal and external customers.
Ability to keep information and internal communications confidential.
Exhibit excellent verbal and written communication skills.
Travel may be required.
WORK SHIFT
LOCATION
Chicago, ILWe Are Transwestern!
Transwestern's Guiding Principles are woven into the fabric of our firm and underscore the value of each individual team member. We embrace diversity, equity and inclusion — not only as the right thing to do, but as a reflection of who we are. It is our responsibility and heartfelt desire to create an environment that elevates the human spirit and brings out the best in everyone. Transwestern offers an exciting work environment, competitive salary and excellent benefits, which include medical, dental and vision coverage, as well as a 401(K) plan. Transwestern is an Equal Opportunity Employer.
Third Party Agencies/Vendors!
Transwestern recognizes the valued service provided by its recruitment agencies and as such have a Preferred Supplier List, which whom terms of business have been agreed. Only suppliers who have signed these terms can engage with Transwestern and its Family of Companies. If you are interested in becoming a Preferred Supplier vendor, we invite you to email us only at recruittw@transwestern.com. Please provide relevant information about your agency, and our dedicated team will carefully review and approve your submission. We will reach out if we find that there is a potential match and interest in adding your agency to our preapproved recruiting vendors list. Agreements obtained outside of this formal process will not be recognized and will be deemed invalid. We appreciate your understanding and cooperation in adhering to this established procedure. Thank you in advance.
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