Senior Vice President

Position Senior Vice President, Properties Development
Company HHHunt
Location Raleigh, NC
Reporting Relationship President, Asset Management Group
Website

COMPANY BACKGROUND/CULTURE
While other companies just build places to live, at HHHunt we build a better way of life. Founded by Harry H. Hunt III in 1966, HHHunt is a recognized leader in real estate development throughout Virginia, North Carolina, Maryland and South Carolina. It's the people of HHHunt who set us apart and make a positive impact every day.

Working for HHHunt means being part of a community and striving to provide the best in all that we do, speaking boldly about new ideas for innovation, and inspiring creativity in the ways we work together. It is HHHunt’s mission to improve the world and how people live by creating meaningful experiences and places of great distinction.

We are looking for a genuine, motivated, and driven Senior Vice President of Properties Development to join our team.

KEY RESPONSIBILITIES

WHO YOU ARE

• Analytical and Creative. You like thinking outside the box to create solutions to new challenges yet embrace the opportunity to live in the gray.
• Decisive Nature. You have a sense of urgency and the ability to manage a diverse group of people.
• Dynamic Leader. You have a strength in building relationships with peers, among leadership and across the organization.
• A Strong Communicator. You have clear and effective communication skills, written and verbal which helps you to connect well with others.
• Organized and Confident. You are flexible, composed, and able to prioritize multiple tasks and deadlines simultaneously while confidently interacting with individuals across all levels of the organization.
• Motivated. You go the extra mile to achieve your personal and professional goals.
• A Driven and Solution-Oriented Team Player. You are united with teammates and follow through on commitments.

WHAT YOU’LL DO
• Evaluate and manage multiple disciplines within the Properties Development Division on a regional basis with travel involved.
• Originate new development projects, including overseeing land acquisition, negotiation of contracts and development agreements, entitlement processes and construction.
• Obtain approval of contracts and agreements with President and Executive Committee.
• Oversee the development of new multifamily communities from inception through final project completion and closeout.
• Passionate about people, a mentor and leader of people on the team and create a feeling of comradery.
• Committed to finding the right dirt, a demonstrated understanding of how to buy land.
• Lead and manage the contractual, entitlement, development and construction process.
• Manage due diligence review and reporting.
• Prepare underwriting presentation for Executive Committee review and verbal and written presentation to Underwriting Committee for approval.
• Prepare underwriting model for all assigned development projects.
• Receive and analyze all costs, rent levels, unit mix, expenses, income assumptions, and market information provided by developer; create pro-forma budget and make recommendations to developer and Equity regarding same.
• Direct Development team members in preparation of final project underwriting budget and schedule; involve team members at inception of process to assure timely flow of information.
• Manage and support Development team members including hiring, training, coaching, ongoing career development, performance management, and succession planning.
• Complete critical path schedules with assistance of the developer and other internal team members/stakeholders.
• Hold regular team meetings with team and leaders on the progress of a project and recommend necessary changes.
• Report regularly, both verbally and in writing on progress of projects.
• Perform other functions as required.

PROFESSIONAL EXPERIENCE/QUALIFICATIONS
• Must have a minimum of 10 years of demonstrated real estate experience with a comprehensive understanding of contractual, entitlement, development and construction of multifamily housing. Development of senior housing is a plus.
• Must have excellent analytical skills, be detail oriented, have good business sense, and be able to work on numerous projects concurrently and prioritize workload independently.
• Excellent communication and collaboration skills and knowledge of work processes, spreadsheets, and strong presentation skills required.
• Overnight travel is required.
• Strong understanding of financing both Conventional and HUD. To include HUD financing guidelines and process, how to manage limited equity availability and, understand how to evaluate sites quickly.

EDUCATION
Bachelor’s Degree in a related field is required (Real Estate, Finance or Design Disciplines such as Architecture or Urban Planning). Advanced Degree Preferred.