Director of Development

Path Construction

$120K — $150K *
Real Estate & Construction
8 - 10 years of experience
Job Overview by Ladders

Qualifications

  • 8+ years of real estate development experience, with a preference for leadership progression
  • Strong experience across asset classes like multifamily, healthcare, education, or industrial
  • Proven ability to lead projects from concept to completion
  • Advanced proficiency in underwriting, financial modeling, and development finance
  • Strong capabilities in managing complex deals and multiple stakeholders
  • Excellent leadership, communication, and relationship-building skills
  • Highly analytical with effective decision-making abilities

Responsibilities

  • Lead and refine the company's development strategy to support business growth
  • Identify and pursue new development opportunities in target markets
  • Oversee evaluation and underwriting of development projects, including financial modeling
  • Direct preparation of pro-formas to ensure financial feasibility and return targets
  • Collaborate with executive leadership to structure and secure project financing
  • Oversee pre-entitlement and entitlement processes to meet timelines and budgets
  • Provide strategic oversight of development budgets, schedules, and execution performance
  • Negotiate contracts, term sheets, and joint venture agreements as needed
  • Mentor development team members while coordinating cross-functionally with other teams
  • Manage third-party consultants through all project phases, including site selection and financing
  • Build and maintain relationships with stakeholders to enhance project pipeline

Benefits

  • Bonus Plan
  • 401(k)
  • Paid Time Off (PTO)
  • Certification Training
  • Comprehensive health, dental, vision, life, and disability insurance
  • Company cellphone and computer
  • Financial and mental health support
  • Travel and entertainment discount program
Full Job Description
Director of Development to lead the execution and evolution of the company's development and new construction strategy. This role will oversee the sourcing, evaluation, and delivery of development projects across key markets including Illinois, Tennessee, North Carolina, and Arizona.

Duties for the Director of Development include:
  • Lead and refine the company's development strategy, aligning initiatives with overall business growth objectives
  • Identify, source, and pursue new development opportunities across target markets
  • Oversee the evaluation and underwriting of development opportunities, including financial modeling and risk analysis
  • Direct the preparation and review of pro-formas, ensuring financial feasibility and alignment with return targets
  • Partner closely with executive leadership and finance to structure and secure project financing
  • Oversee the pre-entitlement and entitlement process, ensuring timelines and budgets are met
  • Provide strategic oversight of development budgets, schedules, and execution performance
  • Lead or support negotiations of contracts, term sheets, loan documents, and joint venture agreements
  • Manage and mentor development team members while coordinating cross-functionally with construction, finance, and operations teams
  • Oversee third-party consultants across all phases including site selection, entitlement, design, financing, leasing, and disposition
  • Develop and execute capital sourcing strategies, maintaining relationships with equity partners, lenders, and institutional investors
  • Build and maintain strong relationships with brokers, landowners, municipalities, and other key stakeholders to drive pipeline growth

Requirements
  • 8+ years of real estate development experience (with progression into leadership responsibilities preferred)
  • Strong experience across asset classes such as multifamily, healthcare, education, or industrial development
  • Demonstrated experience leading projects from concept through completion
  • Advanced proficiency in real estate underwriting, financial modeling, and development finance
  • Proven ability to manage complex deals, stakeholders, and timelines
  • Strong leadership, communication, and relationship-building skills
  • Highly analytical with strong decision-making capabilities

Benefits

We offer:
  • Annual Salary Range: $120,000 - $150,000
  • Bonus Plan
  • 401(k)
  • PTO
  • Certification Training
  • Health, Dental, Vision, Life, Long-Term and Short-Term Disability Insurance
  • Company cellphone and computer
  • Financial and Mental Health Support through a third party
  • Travel and Entertainment Discount Program

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