Managing Director of Development
Managing Director of Development
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Job Description
Hilltop Residential is seeking a highly motivated Managing Director of Development that will lead multifamily real estate projects from site selection and acquisition through construction and stabilization primarily focusing on suburban gardenstyle communities and lower density infill opportunities in the DFW metroplex. This role involves comprehensive coordination across all development phases including predevelopment planning zoning project financing construction and leaseup. The ideal candidate has substantial experience in multifamily development especially within the Greater Southeast US.
Hilltop Residential is a worldclass real estate investment company that provides unparalleled excellence to our customers and investors. Hilltop Residential was founded in 2017 and currently owns and operates over $2 billion of multifamily properties throughout the major markets in Texas and the southeastern United States.
Hilltop is a certified Great Place to Work four years in a row as well as being named a Top Workplace by the Houston Chronicle. We are searching for motivated and talented individuals to be a part of our growing Hilltop family.
Hilltop Residential Offers Great Benefits!
Competitive Pay 401k with Company Match Comprehensive Medical and Dental plans Paid Vision Plan Paid Life Insurance Employee Referral Program Short and LongTerm Disability Paid Time
Responsibilities:
- Lead the full development life cycle from raw land identification through stabilized operationsensuring every project meets targeted returns schedule milestones and quality standards.
- Drive the predevelopment process: conduct market and site analyses oversee zoning and entitlement strategies structure and underwrite deals and prepare investment memoranda for executive and investor approval.
- Source negotiate and close land acquisitions including purchaseandsale agreements options and jointventure structures that optimize riskadjusted returns.
- Oversee comprehensive financial modeling (pro formas IRR sensitivity and feasibility analyses) to guide go/nogo decisions and shape capital strategies.
- Direct duediligence effortsenvironmental geotechnical title survey and permittingmitigating risks and confirming project viability prior to closing.
- Collaborate with internal construction management design and assetmanagement teams and external architects engineers and general contractors to align scope budget and timeline from schematic design through completion.
- Coordinate capitalization with finance teams helping secure debt and equity monitoring draws and tracking project budgets and contingencies.
- Partner with marketing leasing and property management to craft preleasing strategies and achieve rapid leaseup and stabilization.
- Cultivate and maintain relationships with municipal officials utilities brokers consultants and community stakeholders to expedite entitlements and expand the project pipeline.
- Maintain an active prospect database; monitor industry trends and regularly report on pipeline status project progress and emerging opportunities to senior leadership.
- Negotiate and manage vendor and service contracts ensuring seamless handoffs to operating teams and strict adherence to budgetary guidelines.
- Champion crossfunctional collaboration within the organization to align development initiatives with broader investment construction and operational goals.
- Exercise decisive independent leadership in a fastpaced environmentmaking timely decisions reallocating resources and resolving obstacles to keep projects on track.
- Ensure compliance with corporate governance sustainability safety and regulatory requirements across all project phases.
- Bachelors degree in Real Estate Finance Economics Business or related field.
- 510 years of experience in multifamily real estate development acquisitions or similar roles with proven management experience.
- Extensive experience developing projects in Southeast United States.
- Experience with various construction types and fullcycle project management highly preferred.
- Strong financial analysis and quantitative skills with proficiency in pro forma analysis.
- Excellent interpersonal written and verbal communication skills.
- Proficient in Microsoft Office Suite especially Excel.
- Strong organizational skills attention to detail and ability to manage multiple projects simultaneously.
- The ideal candidate is proactive organized and possesses a high degree of professionalism and ethical standards.
- Valid drivers license and reliable transportation required.
This position reports directly to the Managing Partner of Development and will office in Dallas TX.
Applicants are evaluated on the basis of job qualificationsnot race color religion creed sex sexual orientation gender identity national origin age disability veteran marital or domestic partner status citizenship or any other status or characteristic covered by federal state or local law.
Required Experience:
Director
Employment Type
Full-Time
