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Director - Development

NAREIM · Atlanta, GA, USA ·

Pay:
100.000
Job type:
Full Time

Responsibilities

As a Director – Development with Hines, you will be responsible for managing multiple real estate development and/or redevelopment projects. The Director of Development is responsible and accountable for project financial results and investment returns for Hines and its co‑investors.

  • Manage all aspects of one or more real estate development and/or redevelopment projects
  • Assume primary day‑to‑day management responsibilities for the Hines Aubrey Lake development project in Bartow County, GA
  • Develop strong working relationships with investor partners, Bartow County leadership, landowners, developers, civic and community groups, and government agencies to originate, support, or process new opportunities
  • Lead the broker team in marketing land sites and the legal team in negotiating and preparing land sales term sheets and purchase agreements; manage relationships with third‑party land purchasers throughout due diligence, permitting, and closing, including negotiating amendments as required
  • Coordinate the preparation of all investor communication materials in accordance with operating agreement requirements and lead monthly investor calls and meetings
  • Collaborate with construction and design teams throughout design and construction phases to ensure project vision is executed, all obligations are met, and construction costs are minimized
  • Lead bond financing team in issuing future bond series and manage all reporting responsibilities for existing bond financing; procure conventional construction financing as required
  • Serve as the lead community association board member throughout the development period
  • Facilitate coordination between construction and Property Management to keep the project on track, ensure best‑in‑class maintenance, and address community management issues, including resident and commercial owner concerns
  • Update and track all proforma/budget changes throughout the project and provide monthly updates to senior management from investment commencement through completion
  • Research potential land sites for vertical development and coordinate with the acquisition team on potential acquisition targets
  • During pre‑acquisition coordinate all underwriting aspects and build the project proforma—including market research, municipal fees, site constraints, development budget, development schedule, construction budget, construction schedule, operating budget, and financial assumptions
  • Obtain entitlements for development projects through governmental agencies, formulate strategies, and direct internal and external teams as needed
  • Perform all predevelopment activities including feasibility, design, layout, entitlement, permitting, and due diligence; determine the scope, quality, and design of projects with senior management and consultants
  • Complete inspections and review legal documents related to property acquisitions, including purchase agreements, title and survey, government agreements, and closing exhibits
  • Execute and fine‑tune the business plan (process entitlements, position for joint venture or sale, perform vertical construction); develop and refine plans, designs, cost estimates, permitting, and project timelines during the pre‑construction period
  • Coordinate with Property Management and Asset Management on operating budget assumptions—including rents, concessions, and lease‑up schedule—to verify underwriting accuracy throughout the lease‑up process
  • Maintain and acquire all documents for final project close‑out, including tracking outstanding letters of credit or bonds that need to be posted

Managing Others

  • Hire, manage, and direct the career development of the team
  • Ensure the team has the appropriate technical skills, tools, and facilities to competently perform their roles
  • Manage employee performance through the company’s performance review process
  • Demonstrate effective management, leadership, coaching, and development to achieve company and project team goals and objectives
  • Ensure goals and objectives are established for all staff within designated timeframes
  • Clarify job responsibilities and expectations, assign work appropriately, train staff, and address performance issues promptly
  • Conduct regular staff meetings
  • Provide formal and informal feedback to team members, discussing strengths and areas for improvement
  • Complete well‑thought‑out performance reviews and annual salary recommendations within designated timeframes

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About NAREIM

NAREIM is an industry association focused on business and organizational strategies for real estate investment management. We have more than 100 corporate members representing almost $3.4tn of AUM. NAREIM is all about small group connections and benchmarking research. We are a remote organization, with staff members located in NJ and SC.

We are deliberately a small association to ensure truly candid conversations — and idea sharing — among peers, across our departmental groups. Members lean on NAREIM as the safe space to discuss the difficult issues they face in their roles, groups and firms.

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