Description
Four dynamic, integrated companies make up the Transwestern enterprise, giving us the perspective to think broadly, deeply and creatively about commercial real estate. Clients and investors rely on us for expertise that spans institutional and opportunistic investment, development, hospitality, and brokerage and asset services. Our award-winning, collaborative culture empowers team members with resources and independence to work across boundaries in pursuit of innovative solutions, reinforcing a reputation for service excellence that translates to measurable results. Through offices nationwide and alliance partners around the globe, we positively impact the built environment and our communities while fostering a work climate that champions career vitality for all. Learn more at transwestern.com and @Transwestern.
Transwestern Development Company (TDC®) strives to create value by skillfully executing development projects for our firm, partners, and clients across the United States. Part of the Transwestern companies, the diverse portfolio encompasses logistics, multifamily, healthcare, life sciences, mixed-use and office product, with 15 million square feet currently under development in 15 major markets. The value of TDC projects in progress or delivered since 2012 exceeds $9.7 billion.
Transwestern is built on a common purpose - Empowering Good People to do Extraordinary Things Together. We are committed to the hiring of smart, passionate, hard-working people who understand the benefits of both collaboration and independence.
POSITION SUMMARY:
The Senior Development Manager is to primarily source new deals to help grow the company's development activities and to attract and mentor junior development talent. This person will also maintain relationships with our lenders, capital partners, various jurisdiction agencies, and key stakeholders.
It is also the responsibility of the Senior Development Manager to deliver the Transwestern Experience when interacting and communicating with tenants, owners, vendors, and fellow team members.
POSITION ESSENTIAL FUNCTIONS
Network with land sellers, land brokers, land use attorneys, potential joint venture partners and other sources of new and attractive development opportunities.
Perform market studies and analyses to document trends and support new business development opportunities.
Meet with community and business groups to obtain community support for development.
Negotiate with jurisdictional agencies to define development agreements, proffers, easements, etc. to secure all necessary entitlements.
Responsibility for all financial models and play an essential role in financial analysis and underwriting new development investment opportunities and Investment Committee packages.
Effectively facilitate and coordinate project consultants, trades, and construction managers throughout the project life cycle.
Ensure projects remain on time and on budget.
Work collaboratively with an in-house Construction Manager to manage day-to-day construction activities and keep the project aligned with the approved vision, budget, and schedule.
Work with accounting on the monthly draw process to ensure accuracy.
Ensure accuracy and timely distribution of monthly development project reports for capital partners and senior executives.
Collaborate with the Partners on preparation of RFP's / lease proposals.
Support the regional team in negotiating and closing acquisitions, financing, and dispositions.
Lead in the documentation of joint ventures, loan documents, and purchase and sale agreements through legal counsel.
Assist Partners in interfacing with institutional investors and lenders to finance sourced projects.
POSITION REQUIREMENTS
A bachelor's degree with emphasis in finance, real estate, or development.
Master's in Real Estate or MBA with Real Estate concentration preferred.
A minimum of 7+ years of progressive Industrial development experience preferred.
Applicable experience in architectural, civil and interior design plan review.
Advanced proficiency in reading/drafting legal contracts and joint venture agreements.
Proficiency with Microsoft Word, Excel and Adobe.
Ability to foster a sense of confidence and trust among land sellers, investment sales brokers, municipal officials, construction and leasing personnel and internal partners.
Demonstrate strong analytical capabilities with a high attention to detail.
Ability to handle multiple projects, changing priorities and time-sensitivity, workload.
Ability to provide general direction/be self-managed/work independently.
Ability to provide efficient, reliable, and courteous service to internal and external customers.
Ability to keep information and internal communications confidential.
Exhibit excellent verbal and written communication skills.
Must be able to remain in a stationary position 50% or more of the time/constantly operate a computer and other office productivity machinery (ex. a calculator, copy machine, computer printer) or, by request, be provided with reasonable accommodation to perform the essential functions of the position.
Travel may be required.
Salary: $125K
WORK SHIFT:
LOCATION:
Chicago, ILABOUT US
Transwestern's Guiding Principles are woven into the fabric of our firm and underscore the value of each individual team member. We embrace inclusion – not only as the right thing to do, but as a reflection of who we are. It is our responsibility and heartfelt desire to create an environment that elevates the human spirit and brings out the best in everyone.
Different backgrounds, life experiences and cultures shape our individual perspectives and ultimately generate the best results for our clients. Strategic human capital planning combined with development initiatives foster a work environment that celebrates uniqueness and champions the achievements attained through collaboration.
Please note that all candidates selected for an offer of employment are subject to pre-employment background checks, which may include but are not limited to, based on the role for which they have been selected: criminal history, education verification, social media review, motor vehicle records, credit history, and professional license verification. In addition, your employment with Transwestern is subject to successfully passing a drug screen check prior to your starting with the Company along with satisfactory references.
We understand you have a choice when choosing where to work and pursue a career. We understand you are unique and have your story. We want to hear it. We encourage you to apply today so that you may become a part of the Transwestern story.
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