Be #gablesproud of where you work and become part of our team by applying for your new career with Gables TODAY!
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.
Investment Goals
- In collaboration with CIO establish multi-year regional investment plan
- Achieve investment goals for acquisitions, dispositions and new developments as defined in the prior year's strategic review.
- Source pipeline of multifamily development projects in alignment with investment goals
- Source multifamily acquisitions in alignment with investment goals
- Manage to regional profit & loss
- Manage acquisition and development budgets and schedules in accordance with the approved Deal Summary, Gables Policies and Procedures, and expectations of the company.
Market Knowledge, Research & Investment Execution
Effectively identify, evaluate and manage risk including :Development
ConstructionMarketBudget and ScheduleContractual / LegalOperationalExhibit local market expertise. Gables expects the Regional VP to be the authority on location and product, supply and demand, as well as develop and foster relationships with the real estate community, local consultants, city staff, and city government.Execute micro market investment strategy.Conduct feasibility analysis for new projects including market, financial, entitlement and design issues.Establish business plan for each acquisition or development project and ensure business plan is executed within its investment parametersExecute on all approvals and permitting for projects, working with the Civil Engineer, Architect and Legal Counsel.Oversee design and construction in collaboration with Gable's team, including architecture and related disciplines, land planning, landscape architecture, civil and structural engineering. Oversee design process from concept development through construction drawings and manage through the construction period.Collaborate with Operations and Marketing to develop product and operational strategy and oversee implementation through stabilization.Collaborate with Clarion Partners peer groups in acquisitions and research in developing investment strategyManagement & Leadership
Develop a team of the most capable people in your local market.Create a culture that encourages communication and healthy feedback.Give thoughtful consideration to review of immediate staff and provide guidance in their career growth.Ensure that all project functions are adequately distributed and that all immediate staff is trained to complete their job properly.Hold regional team accountable in achieving desired outcomesEstablish effective risk controls for investmentsExhibit strong collaboration with regional functional groups and across organizationEvaluate strengths and weaknesses of immediate staff, and clearly communicate those to associates. Work with each person on an individual basis to develop a plan that capitalizes on strengths and improves areas of weakness.Provide opportunities for career growth and personal development.Act as a role model & mentor.Exhibit fairness, consistency, and professional ethics at all times, including compliance with Gables code of ethics policy.Reporting & Communications
Provides thorough communication with Gables Associates regarding current activities and major decisionsWork effectively with other Gables divisions (i.e. Finance, Accounting, Operations)Keep senior management, operations and development team appropriately informed on project status from concept through stabilization utilizing :Weekly Operations meetings
Monthly Production MeetingsMonthly Investment Summary and Pursuit ReportsInvestment CommitteeBi-annual Strategic ReviewOversee financial and accounting functions for the project, including oversight of all project budgets, reviewing and signing periodic bank / equity draws, reviewing and approving all invoices for projects and coordinating with corporate-level finance and accounting areas on the generation of periodic financial statements and bank packages.Stay abreast of market trends with regards to product design, product features, demographics, and competitors' activities, to include maintaining a database of information relating to submarket development / construction pipeline data.Solicit proposals and negotiate contracts with Sellers, Lenders and 3rd party vendors.Treat Gables' Design Standards and Lessons Learned as open documents. Utilize documents as part of the design process to avoid making repeat mistakes and actively participate in updating these documents.Fully disclose risks in Deal Summary and as new information dictates.Resolve rent, expense and product issues with management in early stages of due diligence.Visit all Gables assets in your local markets on a frequent basis.Get to know all associates in your respective region, including on-site Property Management personnel.QUALIFICATIONS : Education
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.
Experience
Seven years of ground up multifamily development experience is required, sourced a pipeline of multifamily development projects, successfully executed multiple development projects cradle to grave, and experience in multifamily acquisitions.
Attendance
This position is exempt from overtime. The job is scheduled for a
typical 40-hour workweek, however, demands can be great and the associate should expect to work significantly more hours. Travel demands for this position may be high at times.
Equal Opportunity Employer M / F / D / V
If you're passionate about exceeding goals and providing exceptional customer service experiences, come join Gables in our mission of Taking Care!
Not ready to apply? Sign up for our job alerts to learn about future openings of interest by clicking the "my account" icon at the top of the page and selecting the job alerts option from the drop down.
