Director of Development - Real Estate Investments

Overview

We’re looking for a Director of Development — Based in Miami, FL or Austin, TX | Full-Time | Hybrid

Join a fast-growing real estate investment and development platform that’s scaling across high-growth U.S. markets with disciplined execution, strong capital partnerships, and an ambitious development pipeline.

Rastegar Capital is a privately held, fully integrated commercial real estate investment and development platform focused on high-growth Sunbelt markets. We invest across multifamily, industrial, office, and large-scale mixed-use developments. Founded and led by Ari Rastegar
, the firm has built a growing portfolio of operating assets while advancing a robust pipeline of ground-up and value-add development opportunities—particularly in Austin and Dallas
. As we enter our next phase of growth, we’re expanding our internal leadership team to support execution, capital deployment, and long-term value creation.

We’re seeking an experienced Director of Development to play a central role in executing active development projects while helping source, evaluate, and structure new investment opportunities. This is a senior, hands-on role with responsibility across the full development and investment lifecycle—from underwriting and deal structuring to entitlement, construction, and stabilization. You’ll work closely with senior leadership on strategy, capital formation, and project delivery, while acting as a key driver of execution across multiple initiatives.

• Lead development projects from acquisition through entitlement, design, construction, and stabilization or disposition
• Oversee budgets, schedules, consultants, and construction teams to ensure disciplined execution
• Manage due diligence, feasibility analysis, and risk assessment across active projects

• Evaluate new investment opportunities and lead underwriting and financial modeling
• Assess returns, capital structures, and development feasibility across multiple asset classes
• Contribute to investment committee materials and internal decision-making

• Support equity and debt capital relationships, including joint ventures and co-GP structures
• Assist in structuring and negotiating partnership agreements
• Work alongside leadership on capital formation and investor-facing materials

• Contribute to portfolio-level strategy, asset management decisions, and exit planning
• Develop market-level insights and support long-term investment strategy

Must-haves:

• 7–10 years of experience in U.S. real estate investing and development
• Hands-on experience across acquisitions and ground-up development
• Advanced underwriting and financial modeling capabilities
• Direct experience managing projects through the full development lifecycle
• Strong understanding of real estate financing, equity raises, and joint venture structures
• Ability to manage multiple initiatives independently in a fast-paced environment
• Excellent written, verbal, and presentation skills

• Existing relationships with U.S.
  
  -based private capital (HNWIs, family offices, institutional partners)
• Experience in Sunbelt markets, especially Texas
• Background at a private real estate firm, developer, or owner-operator

• Competitive base salary
• Annual performance-based bonus
• Long-term incentive participation tied to deal performance and value creation
• High-impact, leadership-level role with visibility across the platform
• Opportunity to help shape and scale a growing development pipeline

We’d love to hear from you. You can apply in one of the following ways:

• Send your resume (in English) to with the subject: “Director of Development – [Your Name]”
• Apply through our hiring platform:
  Trakstar