What are the responsibilities and job description for the SVP, Development position at Waterton?
About Waterton
Waterton has grown from very humble beginnings with one phone and two desks to the successful, nationally recognized real estate investment and management firm it is today. As Waterton has evolved and grown, one thing has remained constant - the drive to achieve results by exceeding expectations. For 25 years Waterton remains passionate about delivering an incredible Resident Experience, which we believe is made possible by offering an extraordinary experience for our talented associates. We value performance that delivers experiences that exceed expectations, coupled with an unwavering commitment to Investor, Guest, and Resident service excellence. Overall, we are a collection of people who strive daily to "find the good and leave it better".
Job Summary
The SVP, Development is responsible for establishing the investment strategy for multi-family developments within Waterton's established fund vehicles as well as development opportunities outside of such vehicles. The role is also responsible for originating and sourcing various multi-family debt investments, leveraging development expertise to find new brokers and borrowers, structure investments, and underwrite and close on new loans.
The role will be a leader within the company and the Investment Management Team focused on finding ways for the company to grow revenues through development acquisitions, debt investments, and new business development.
Your Impact and Job Responsibilities :
- Originates and structures joint ventures with top tier developers within the company's targeted markets.
- Works closely with Waterton's Acquisition, Construction Management and Research teams to underwrite development opportunities and oversee the due diligence.
- Originates multifamily debt investments, including senior loans, mezz and preferred equity through a network of new and existing owners, brokers and servicers.
- Negotiates, originates and documents new investments through closing.
- Responsible for due diligence including legal, accounting, engineering and financial.
- Responsible for financial models, projections and market condition analysis on prospective development and debt investments for the Investment Committee.
- Presents development and debt opportunities to the Investment Management Team / CIO and Investment Committee
- Reviews appraisals, valuations and cash flow projections.
- Assesses progress with development and performance of properties.
- Designs and implements multi-family residential acquisition and disposition strategies to meet investment objectives.
- Cultivate strong relationships with external brokers to gain access to off-market transactions as they become available.
What You'll Bring- Desired Skills and Experience :
How we will recognize and reward you :
At Waterton, we recognize that compensation and benefits are important to our associates. We offer a wide variety of benefits including :
The typical base salary hiring range for this role is $200,000.00-$290,000.00 per year, plus bonus program participation.
The pay range is a base pay only and does not include any additional compensation or bonuses that this position may be eligible for. The pay range is approximate and the actual pay may vary depending on related work experience, certifications, education, and other job related factors.
Waterton welcomes all.
Waterton is an equal opportunity employer. Qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender perception or identity, national origin, age, marital status, protected veteran status, or disability status.
Salary : $200,000 - $290,000
