Director of Capital Improvements
Director of Capital Improvements
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Job Description
At Catapult we are recruiting on behalf of The Preiss Company in their search for a Director of Capital Improvements.
The Preiss Company is a leader in the ownership and management of multifamily and student housing communities nationwide. With a vast and varied national portfolio we pride ourselves on providing an unparalleled living experience and bestinclass investment platform.
Position Overview:
The Director of Capital Improvements is responsible for overseeing the planning and financial management of capital improvement projects across a portfolio of student housing properties. This leadership role focuses on managing a team of project managers ensuring alignment with ownership and investor objectives and driving strategic capital investments that enhance asset value and resident experience. The ideal candidate is a strong communicator with expertise in construction management financial oversight and real estate asset optimization. This position will primarily perform work onsite in the Raleigh NC area with travel to site visits and investor meetings.
Responsibilities:
Strategic Oversight & Leadership
- Lead and mentor a team of project managers responsible for executing capital improvement projects ensuring consistency efficiency and adherence to company goals.
- Develop and implement best practices for project management reporting and to optimize timelines and budgets.
- Collaborate with property management operations and asset management teams to align capital initiatives with broader company objectives.
Investor & Ownership Communication
- Serve as the primary liaison between the company and ownership/investors regarding capital improvement planning progress and financial impact.
- Prepare and present comprehensive reports on project status budget performance and ROI for senior leadership and investment partners.
- Proactively address investor and ownership inquiries ensuring transparency and alignment on strategic objectives.
- Develop capital expenditure forecasts and funding strategies in partnership with finance and asset management teams.
Financial & Budget Oversight
- Oversee the development of capital budgets ensuring projects are delivered within approved financial parameters.
- Perform quarterly distribution analysis.
- Monitor project cost controls financial performance and funding allocations identifying opportunities for cost savings and value creation.
- Ensure project managers maintain strict adherence to budgets contracts and financial reporting standards.
Project & Vendor Management
- Provide highlevel oversight of capital projects ensuring they meet quality safety and compliance standards.
- Establish and maintain strong relationships with general contractors architects engineers and other key stakeholders.
- Oversee contract negotiations bid processes and vendor selection to ensure costeffective and highquality .
- Identify and mitigate risks related to construction delays budget overruns and operational disruptions.
Qualifications:
- Bachelors degree in Construction Management Real Estate Business or a related field.
- 10 years of experience in capital improvements construction management or real estate asset management preferably in student housing or multifamily real estate.
- Proven leadership experience managing project managers and crossfunctional teams.
- Strong financial acumen with experience in capital budgeting forecasting and investor reporting.
- Exceptional communication and presentation skills for engaging with senior executives investors and ownership groups.
- Extensive experience in vendor negotiations contract management and project .
- Ability to travel as needed for site visits and investor meetings.
Why Join Us
- Lead a highimpact capital strategy that directly influences portfolio performance and investor returns.
- Work closely with executive leadership and investment partners in a dynamic growthfocused environment.
- Shape the future of student housing by driving innovation in capital improvements and asset optimization.
This job description should not be considered allinclusive. The Preiss Company is an Equal Opportunity and LGBTQ friendly Employer.
Required Experience:
Director
Employment Type
Full-Time
