Our client is a prominent private equity real estate firm specializing in strategic investments and developments across key innovation hubs in the United States. Since its inception in 1978, the firm has built a portfolio exceeding 1,000,000 homes, with a focus on entry level and first time move-up residential development projects.
Guided by three core investment strategies-value-add, core-plus, and ground-up development-the firm has established itself as a leader in creating and managing high-performing assets. They operate with a mission to deliver exceptional returns to stakeholders while fostering collaboration, intellectual curiosity, and entrepreneurial problem-solving within their team.
Position Overview:
The firm seeks an experienced Director of Development to join their Columbus office. This role involves spearheading the development of high-value projects across the residential sector. Reporting directly to senior leadership, the Director of Development will take charge of multiple projects at varying stages, ensuring delivery aligns with financial, operational, and strategic objectives.
Key Responsibilities:
- Collaborate with the acquisitions team to evaluate and execute new development opportunities in the Central Ohio market.
- Conduct site evaluations, recommending selections based on zoning, site potential, and resource availability.
- Oversee the repositioning of existing assets, including developing capital plans to maximize value.
- Prepare preliminary budgets, schedules, and feasibility analyses to secure equity and funding approval.
- Manage entitlement processes, regulatory approvals, and community engagement.
- Assemble and lead project teams, including architects, engineers, contractors, and consultants, ensuring alignment with project goals.
- Supervise project design and construction phases, securing necessary permits and ensuring smooth handover to property management teams.
- Provide comprehensive reporting to equity partners and stakeholders, ensuring clarity and transparency throughout the project lifecycle.
- Monitor relevant legislation, zoning changes, and market trends to proactively address potential impacts on projects.
Qualifications:
- Minimum 5 years of residential real estate development experience. Experience with single-family developments is highly desirable.
- Proven ability to manage all phases of the development process, from site selection through to stabilization.
- Strong financial acumen, including familiarity with underwriting, financing structures, and financial modeling for development projects.
- Skilled in navigating complex entitlement processes and securing necessary approvals.
- Excellent relationship-building abilities, with an established network in the Central Ohio market spanning brokers, city officials, contractors, and consultants.
- Effective communicator capable of adapting messaging for diverse stakeholders, from tenants to joint venture partners.
- Bachelor's degree in Real Estate, Civil Engineering, Finance, or related fields; an advanced degree in a relevant discipline is preferred.
Preferred Traits:
- Entrepreneurial mindset with the ability to thrive in a fast-paced environment.
- Strong organizational skills and attention to detail to drive projects forward efficiently.
- Collaborative, solutions-oriented approach with a commitment to achieving top-tier results for the firm and its partners.
Join the Team:
This is a compelling opportunity to play a pivotal role in shaping the residential communities of Columbus with an industry-leading firm dedicated to innovation, excellence, and growth. If you are ready to bring your expertise to a dynamic and ambitious team, we encourage you to apply.