Director, Development

Greystar Worldwide, LLC • $110K — $130K *
Charlotte, NC 28269In-Person
Real Estate & Construction
5 - 7 years of experience
Today
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Job Overview by Ladders

Qualifications

  • 5+ years of experience in real estate development.
  • Bachelor's degree in Finance, Business, Real Estate, Economics, Construction, Architecture or related field (Master's preferred).
  • Experience overseeing the entire lifecycle of development projects from conception through completion.
  • Dynamic verbal and written communication skills with strong interpersonal abilities.
  • Strong analytical and quantitative skills, with excellent financial acumen and proficiency in real estate finance concepts.
  • Passionate leadership that defines vision and facilitates team development.
  • Track record managing local community and political relations.

Responsibilities

  • Manage the due diligence process on land opportunities and document key findings affecting financial performance.
  • Prepare investment memorandums and present insights to the Company's Investment Committee, including pro-formas and budgets.
  • Coordinate with consultants and construction teams to meet municipality requirements and resolve any jurisdictional issues.
  • Administer the Development and Construction Status Report (DCSR) process and monitor project timelines and issues.
  • Represent ownership in project management activities, including OAC meetings and site visits, addressing construction-related issues.
  • Review monthly financial draws to ensure budget adherence and identify potential savings or overages.
  • Manage relationships with construction teams, ensuring timely and budget-compliant project completion.

Benefits

  • Competitive Medical, Dental, Vision, and Disability & Life insurance benefits with low employee costs for medical coverage.
  • Generous Paid Time Off with initial vacation days, personal days, and holidays that increase with tenure.
  • Onsite housing discount available for team members at Greystar-managed communities.
  • 6-Week Paid Sabbatical after 10 years of service (and every 5 years thereafter).
  • 401(k) plan with Company Match up to 6% after 6 months of service.
  • Paid Parental Leave and fertility benefits reimbursement up to $10,000.
  • Employee Assistance Program and additional insurance options for critical illness and legal plans.
Full Job Description
JOB DESCRIPTION SUMMARY
Sources and manages the pipeline of development pursuits for the assigned Region from cradle-to-grave. Manage all activities related to new development projects to achieve the established financial and growth targets, including completing initial land acquisition due diligence, facilitating the underwriting, and closing of real estate transactions and managing third party consultants through the project design and construction process.

JOB DESCRIPTION

  • Manages the due diligence process on land opportunities and develops documentation and recommendations on key findings that may affect the return and financial performance of the proposed deal.
  • Prepares detailed investment memorandums and authorizes their submission. Provides insight on the proposed projects to the Company's Investment Committee including detailed pro-forma and financial models and pursuit cost budgets.
  • Coordinate with consultants, permit expeditor, and construction team to ensure all municipality requirements permitting and jurisdictions are met. Ensure any governmental and jurisdictional issues are addressed and resolved with the assistance of consultants and construction team.
  • Administers the Development and Construction Status Report (DCSR) process. Monitors and reports on the status and progress of proposed development pipeline project, recommending critical timelines and deadlines for tasks and activities related to the proposed transaction, and identifies and communicates issues or problems that could adversely affect closing.
  • Represent ownership on day-to-day project management activities including OAC meetings and jobsite visits, including attending mock ups, box walks and FF&E installs. Address any open issues with construction or consultants requiring owner feedback.
  • Review monthly draw to ensure project is on budget and identify potential savings and overages to the budget including Operating Deficits, Taxes and Interest Reserve.
  • Manages relationships with the construction team to ensure construction projects are completed in a timely manner, designed according to plan and within budgetary guidelines. Works with the team to ensure the development and coordination of quality control procedures. Ensures all required Certificate of Occupancy and permits are obtained.
  • Manages a strong relationship with equity partner and maintains on-going communications with the executive team, equity partners, and other key business leaders affiliated with the project to provide periodic updates on the progress against schedule and budgets, surfaces and resolves issues that may compromise the project delivery schedule or costs, and responds quickly and with urgency to questions, concerns, and requests for information. Provide recommendation to equity partner for approval of any improvements or upgrades that would benefit the project based on current market comps and design.
  • Develops and maintains relationships with local market brokers, institutional and equity partners, lenders, real estate owners, and other key stakeholders, and appropriately manages on-going communications related to proposed development projects.
  • Supervise development production team members and managers by interviewing, orienting, training and mentoring employees, and managing their performance in accordance with Company policies, values, and business practices. Provides regular feedback to team members and conducts annual goal setting and performance evaluations.

Qualifications
  • 5+ years of experience in real estate development.
  • A bachelor's degree is required in Finance, Business, Real Estate, Economics, Construction, Architecture or related field. Master's degree is preferred.
  • Experience overseeing the entire lifecycle of development projects from conception through completion.
  • Dynamic verbal and written communication skills and strong interpersonal abilities.
  • Strong analytical and quantitative skills, with excellent financial acumen and high proficiency with real estate underwriting and real estate finance concepts.
  • Leads with passion, defines the vision and facilities the development of their team.
  • Track record managing local community and political relations.


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Additional Compensation:

Many factors go into determining employee pay within the posted range including business requirements, prior experience, current skills and geographical location.
  • Corporate Positions: In addition to the base salary, this role may be eligible to participate in a quarterly or annual bonus program based on individual and company performance.
  • Onsite Property Positions: In addition to the base salary, this role may be eligible to participate in weekly, monthly, and/or quarterly bonus programs.


Robust Benefits Offered*:
  • Competitive Medical, Dental, Vision, and Disability & Life insurance benefits. Low (free basic) employee Medical costs for employee-only coverage; costs discounted after 3 and 5 years of service.
  • Generous Paid Time off. All new hires start with 15 days of vacation, 4 personal days, 10 sick days, and 11 paid holidays. Plus your birthday off after 1 year of service! Additional vacation accrued with tenure.
  • For onsite team members, onsite housing discount at Greystar-managed communities are available subject to discount and unit availability.
  • 6-Week Paid Sabbatical after 10 years of service (and every 5 years thereafter).
  • 401(k) with Company Match up to 6% of pay after 6 months of service.
  • Paid Parental Leave and lifetime Fertility Benefit reimbursement up to $10,000 (includes adoption or surrogacy).
  • Employee Assistance Program.
  • Critical Illness, Accident, Hospital Indemnity, Pet Insurance and Legal Plans.
  • Charitable giving program and benefits.


*Benefits offered for full-time employees. For Union and Prevailing Wage roles, compensation and benefits may vary from the listed information above due to Collective Bargaining Agreements and/or local governing authority.

About Greystar Worldwide, LLC

Greystar Worldwide, LLC Careers

Joining Greystar Worldwide, LLC presents an unparalleled opportunity to become part of a leading team of professionals dedicated to pioneering innovations in the global marketplace. Greystar Worldwide, LLC stands as a beacon of career growth and professional development, offering a plethora of job opportunities across various sectors.

Explore Career Opportunities

Greystar Worldwide, LLC invites talented individuals to explore its diverse range of job opportunities. From internships that provide a solid foundation for future leaders to full-time positions that challenge and expand professional skills, Greystar Worldwide, LLC is a hub for career advancement.

Innovation and Leadership

At Greystar Worldwide, LLC, innovation intersects with leadership, driving the company to new heights in industry standards and operational excellence. Employees are encouraged to lead projects that set benchmarks in technology and service, fostering a culture of continuous improvement and creative problem-solving.

Diversity and Inclusion

With a commitment to diversity and inclusion, Greystar Worldwide, LLC ensures that all team members receive diversity training, promoting an environment where everyone’s contributions are valued. This approach not only enhances team dynamics but also contributes to the company’s robust problem-solving capabilities.

Professional Growth and Development

Career growth at Greystar Worldwide, LLC is not just a possibility—it is a priority. The company supports its employees with unmatched training programs, leadership development courses, and opportunities for networking and professional growth. This commitment ensures that every team member can reach their full potential.

Benefits and Culture

Greystar Worldwide, LLC is renowned for its vibrant culture and comprehensive benefits package designed to support the well-being and financial security of every team member. Employment at Greystar Worldwide, LLC means access to health benefits, retirement plans, and wellness programs that together create a supportive and positive workplace.

Join the Greystar Worldwide, LLC Team

Greystar Worldwide, LLC is actively hiring and looking for individuals who are passionate, curious, and driven to excel. Candidates interested in applying are encouraged to submit their resume and prepare for an interview process that values insight, experience, and a readiness to contribute to a dynamic team.

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Greystar Worldwide, LLC is not just a company—it is a place where careers are made, skills are honed, and professional achievements are recognized and celebrated. Join Greystar Worldwide, LLC to be part of a team that is shaping the future through innovation, leadership, and a commitment to excellence.
Learn more about Greystar Worldwide, LLC
Industry
Real Estate & Construction
* Ladders Estimates

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