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Development Manager

Salary
Competitive
Employment
Full Time
Work Place
Office
Real Estate Field
Location
Las Vegas
 NV
Postal Code
89129
Country
United States

This job is no longer active.

Description


Our Company: 

Quarterra Group, Inc., a wholly-owned subsidiary of Lennar Corporation (NYSE:LEN and LEN.B), is a multi-strategy, real estate focused, alternative asset management company comprised of two rapidly growing verticals: Multifamily and Single-Family Rental.  Launched in 2011, Quarterra Multifamily, previously known as LMC, is among the nation's most active developers, builders, and managers and has been on the National Multi-Housing Council’s (NMHC) annual Top 50 list for eight consecutive years. Quarterra Single-Family Rental launched in 2020 to provide individuals, couples, and families who prefer to rent over home ownership the opportunity to live in exceptional neighborhoods with great amenities. It is anticipated that Quarterra will spin-off from Lennar and become an independent, NYSE listed, Alternative Asset Manager later this year under ticker symbol "Q".  For additional information, please visit Quarterra.com.

Summary of Position:

The Development Manager is responsible for executing all functions of development for multifamily and mixed-use real estate projects with a focus on planning, entitlement, financial analysis, and overall management of the development process from inception to stabilization. The Development Manager is expected to work collaboratively, concurrently and successfully with team members and manage multifaceted tasks for multiple projects.

Principal Duties and Responsibilities:

  • Oversee and implement all facets of the development process including project and operational budgeting, planning, design, entitlement, construction and lease-up stabilization of the projects.
  • Thoroughly review civil, architectural and interior design plans to drive quality and cost effectiveness.
  • Prepare, maintain and monitor project budgets and prepare monthly project development reports.
  • Prepare and maintain the financial projections, monthly draw requests and related analyses for the development and operation of the projects.
  • Partner with the Division President, Vice President, Development Associates to underwrite new development opportunities including assessing market-specific economic and demographic data, rental comparable information, construction cost estimates, local permit and fee costs and local supply and demand statistics.
  • Work with the Investments team to prepare informational packages for the internal Investment committee as well as offering memoranda for equity partners and outside lenders.
  • Provide leadership, direction and mentoring for other Associates on the Development team.

General Overview of Compensation & Benefits:

·      The median base compensation for this position is estimated to be $150,000.00 [annualized], subject to adjustment based on business-related factors including employee qualifications and operational considerations.

Education and Experience Requirements:

  • Bachelor’s degree in Real Estate or Finance, Civil Engineering, Building Sciences or a related study is required.
  • MBA or master’s degree with applicable concentrations preferred.
  • Minimum of 4 years of significant experience in real estate development (preferably with an emphasis on Multifamily), land development and project management and the demonstrated ability to build and direct effective teams to manage major development projects.
  • Deep knowledge and understanding of development and construction practices.
  • Advanced Microsoft applications experience (Excel, PowerPoint, Word).
  • Strong team orientation with excellent interpersonal skills.
  • Ability to manage several projects simultaneously.
  • Strong work ethic and attention to detail.
  • Excellent verbal and written communication skills.


Physical Requirements:


This is primarily a sedentary office position which requires the Development Manager to have the ability to operate computer equipment, speak, hear, bend, stoop, reach, lift, and move and carry up to 25 lbs. Finger dexterity is necessary.

This description outlines the basic responsibilities and requirements for the position noted. This is not a comprehensive listing of all job duties of the Associate. Duties, responsibilities and activities may change at any time with or without notice.

 

Quarterra Group is an Equal Opportunity Employer that prides itself on diversity and inclusion in the workplace. All qualified applicants will receive consideration for employment without regard to sex, color, age, national origin, religion, physical and mental disability, genetic information, marital status, sexual orientation, gender identity/assignment, pregnancy or related condition, protected status, or any other status prohibited by applicable national, federal, state or local law. Quarterra Group believes diversity and inclusion among our Associates is critical to our success and we seek to recruit, develop and retain the most talented people from a diverse candidate pool.

 

Job Sector


 

Experience


2+ to 5 years


This job is no longer active.

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