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Fore Property Company

Development Director

Reference
San Francisco Bay Area
Salary
Competitive
Employment
Full Time
Real Estate Field
  • Development
Location
San Francisco
Region
CA
Postal Code
94105
Country
United States

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Description


Fore Property Company is a full service, national real estate company that develops, builds and manages residential multifamily housing.

The Development Director will support the Development Team with managing multiple phases of the real estate development process. The Development Director will participate in all aspects of development including site selection, due diligence exploration, financial analysis, budgeting, contract negotiation, development consultant management, site acquisition, investment package creation, coordination of the permitting process, execution of the construction documents, and general contractor management. The Development Director should be prepared to actively support the Development Team on current and pipeline development deals in a substantial way that positively impact projects.

Responsibilities include:

  • Identify and assess strategic development sites through market research, demographic studies, apartment database reviews and competitive analysis.
  • Coordinate and participate in multifunctional teams to analyze existing market conditions, unit mix, property and unit amenities and features, rental rates and operational expenses at given properties.
  • Develop a matrix of key competitors including property locations, specific amenities and pricing in strategic markets and submarkets.
  • Participate in the preparation of pre-development budgets and schedules for proposed projects from the initial phases including land contract negotiation, entitlements and building permit approvals to the commencement of construction.
  • Research all relevant financial assumptions for underwriting including items such as all permitting fees, impact fees, taxes, etc.
  • Creation of financial models and due diligence efforts for JV partners and lenders
  • Assist the Development Team in preparing and presenting investment packages.
  • Participate in consultant meetings through pre-development and development stages. Participation shall include taking and issuing meeting minutes when appropriate.
  • Participate in meetings with municipalities, neighborhood groups, design teams, and public hearings throughout the entitlement process.

Requirements:

  • 5+ years’ experience in multifamily development strongly preferred.
  • Bachelor’s degree in Business Administration, Finance, Real Estate, Architecture, Civil Engineering, or Building Construction Management preferred
  • Graduate degree in Business Administration, Finance or Real Estate stronglypreferred
  • Work experience and knowledge of San Francisco Bay area markets strongly preferred
  • Must be a self-starter, highly motivated, and goal-oriented
  • Excellent interpersonal, written, and verbal communication skills
  • Must be able to work in a team environment
  • Strong analytical and problem-solving skills
  • Effective organizational, prioritization, and time management skills
  • Flexible and able to handle multiple projects and tasks simultaneously
  • Accurate, detail oriented, dependable and punctual
  • Willingness and patience to iteratively improve/refine work product
  • Advanced MS Office Suite skills
  • Strong computer and internet skills
  • Knowledge of construction processes
  • Ability and willingness to travel to various locations in Southern California as required

Job Functions


  • Business Development
  • Financial Analysis
  • Due Diligence
 

Job Sector


  • Residential
 

Experience


5+ to 7 years


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