What are the responsibilities and job description for the Director, Build-to-Rent position at AvalonBay Communities?
Overview
AvalonBay Communities, Inc., an equity REIT, has a long-term track record of developing, redeveloping, acquiring and managing distinctive apartment homes in some of the best U.S. markets, and delivering outsized, risk-adjusted returns to shareholders. With equal parts experience and vision, we’ve established a leadership position rooted in our purpose of creating a better way to live and that is always focused on building value for the long term.
Creating a better way to live is the purpose that binds AvalonBay associates. We take that purpose seriously and expect you will as well. By focusing on collaboration, innovation, and taking ownership of our choices and actions, we act in ways that focus on creating value for our customers, investors and associates. Your positive, professional, and consistent personal interactions make AvalonBay a great place to work.
The Role
The Director, Build-to-Rent (BTR) will lead AvalonBay’s investment in single-family build-to-rent developments across various markets. Reporting to the SVP of Structured Investments, this individual will be responsible for sourcing, structuring, and managing new BTR development deals through AvalonBay’s Developer Funding Program (DFP). The role involves working closely with external development partners, internal teams, and key stakeholders to drive successful investments.
Key Responsibilities
Investment Sourcing & Deal Structuring:
How AvalonBay Supports You
We know that our teams are the beating heart of our success and we’re committed to showing our appreciation.
We Offer
Comprehensive benefits — health, dental and vision, 401(k) with company match, paid vacation and holidays, tuition reimbursement, an employee stock purchase plan and more. Click on Benefits (https://jobs.avalonbay.com/benefits) for information.
Growth based on achievement and promotion from within.
Associate recognition (a company-wide recognition program that celebrates associate efforts and successes in contributing to the overall success of the organization – including destination awards, ‘AvalonBay’s Very Best’ recognition program and others!).
A 20% discount on our incredible apartment homes.
A culture built on purpose and our core values - A Commitment to Integrity, A Spirit of Caring, and A Focus on Continuous Improvement.
Additional Info
AvalonBay is proud to be an equal opportunity employer and is committed to an inclusive and diverse work environment free of discrimination and harassment. We believe that in order to achieve our purpose of creating a better way to live, we must recruit, develop and retain associates with a wide range of backgrounds, experiences and perspectives and create an environment that encourages all voices to be heard, understood and appreciated. With this we know we can do great things.
AvalonBay makes employment decisions without regard to a person’s race, ethnicity, color, religion, sex, national origin, sexual orientation, gender identity, pregnancy (including childbirth, lactation or related medical conditions), age, physical or mental disability, genetic information (including characteristics or testing), citizenship status, military or veteran status, or any other status protected by the law.
For California residents, if you elect to apply to AvalonBay you accept the AvalonBay California Personnel Privacy Notice (https://www.avaloncommunities.com/california-personnel-privacy-notice/)
AvalonBay Communities, Inc., an equity REIT, has a long-term track record of developing, redeveloping, acquiring and managing distinctive apartment homes in some of the best U.S. markets, and delivering outsized, risk-adjusted returns to shareholders. With equal parts experience and vision, we’ve established a leadership position rooted in our purpose of creating a better way to live and that is always focused on building value for the long term.
Creating a better way to live is the purpose that binds AvalonBay associates. We take that purpose seriously and expect you will as well. By focusing on collaboration, innovation, and taking ownership of our choices and actions, we act in ways that focus on creating value for our customers, investors and associates. Your positive, professional, and consistent personal interactions make AvalonBay a great place to work.
The Role
The Director, Build-to-Rent (BTR) will lead AvalonBay’s investment in single-family build-to-rent developments across various markets. Reporting to the SVP of Structured Investments, this individual will be responsible for sourcing, structuring, and managing new BTR development deals through AvalonBay’s Developer Funding Program (DFP). The role involves working closely with external development partners, internal teams, and key stakeholders to drive successful investments.
Key Responsibilities
Investment Sourcing & Deal Structuring:
- Identify new BTR investment opportunities with target markets
- Develop strong external network of brokers and qualified potential development partners
- Negotiate legal agreements and oversee venture formation, working with attorneys, consultants, and general contractors.
- Maintain executive-level relationships with capital market brokers, investment sales professionals, and development partners.
- Collaborate with internal teams, including Legal, Design, Residential Services, and Construction, to ensure investment success.
- Assess project feasibility by analyzing market conditions, entitlement likelihood, financial projections, and environmental factors.
- Oversee preparation of investment packages for the Management Investment Committee (MIC), integrating market research, financial modeling, and risk assessments.
- Lead cross-functional Asset Teams, coordinating with various business units to ensure project success.
- Serve as an internal thought leader on BTR investments, sharing insights and strategies with leadership.
- Bachelor's degree required; MBA, Master’s in Real Estate Development, or a related field preferred.
- 7 years of experience in real estate investments or development.
- 2-3 years of direct experience in Build-to-Rent (BTR) or homebuilding projects.
- Strong deal structuring, negotiation, and contract management experience.
- Deep understanding of real estate entitlements, financial modeling, and feasibility analysis.
- Proven ability to build and manage relationships with development partners, brokers, and internal teams.
- Exceptional written and verbal communication skills to present investment recommendations.
How AvalonBay Supports You
We know that our teams are the beating heart of our success and we’re committed to showing our appreciation.
We Offer
Comprehensive benefits — health, dental and vision, 401(k) with company match, paid vacation and holidays, tuition reimbursement, an employee stock purchase plan and more. Click on Benefits (https://jobs.avalonbay.com/benefits) for information.
Growth based on achievement and promotion from within.
Associate recognition (a company-wide recognition program that celebrates associate efforts and successes in contributing to the overall success of the organization – including destination awards, ‘AvalonBay’s Very Best’ recognition program and others!).
A 20% discount on our incredible apartment homes.
A culture built on purpose and our core values - A Commitment to Integrity, A Spirit of Caring, and A Focus on Continuous Improvement.
Additional Info
AvalonBay is proud to be an equal opportunity employer and is committed to an inclusive and diverse work environment free of discrimination and harassment. We believe that in order to achieve our purpose of creating a better way to live, we must recruit, develop and retain associates with a wide range of backgrounds, experiences and perspectives and create an environment that encourages all voices to be heard, understood and appreciated. With this we know we can do great things.
AvalonBay makes employment decisions without regard to a person’s race, ethnicity, color, religion, sex, national origin, sexual orientation, gender identity, pregnancy (including childbirth, lactation or related medical conditions), age, physical or mental disability, genetic information (including characteristics or testing), citizenship status, military or veteran status, or any other status protected by the law.
For California residents, if you elect to apply to AvalonBay you accept the AvalonBay California Personnel Privacy Notice (https://www.avaloncommunities.com/california-personnel-privacy-notice/)
