REAL ESTATE DEVELOPMENT MANAGER AT RICE MANAGEMENT COMPANY
The Rice Management Company (RMC) manages the endowment of Rice University in Houston, Texas. The endowment’s $5.8 billion market value places it among the twenty largest in the country. The endowment plays a vital role at Rice by funding 40% of the annual operating budget. Over 5% of the endowment is invested in Houston real estate. This includes a portfolio of several well-located urban land sites totaling nearly 20 acres that can support high quality new development with significance in the city. The RMC seeks to create innovative master plans and development partnerships to realize financial and strategic value for the university over the long-term.
GENERAL DESCRIPTION AND PROFILE:
The Real Estate Development Manager is a newly created position designed specifically to build out and expand the Real Estate team. The position reports to the Investment Director of Real Estate who reports to the Chief Investment Officer. The ideal Development Manager is a well-rounded commercial real estate executive with experience across the development lifecycle including design, entitlements, construction, legal, finance, leasing, and operations. Project management skills and a long-term investor mindset are key.
POSITION DESCRIPTION AND DUTIES:
The primary duty is creating and leading a new development and management business unit within the RMC’s real estate investment team.
This business unit will drive development through partnerships with best-in-class developers and manage these partnerships and properties from construction through stabilization and long-term ownership.
Other: Client is looking for the right candidate; compensation, title, etc. are flexible for the “right fit.”