Development Manager

General

Summary:

A Development Manager (‘DM’) is able to undertake many of the day to day (?) tasks associated with development without oversight or direction. As a DM, you are also developing additional skills that will allow you to move into the role of a VP of Development / project lead.

The DM supports the development group with a diverse set of activities and responsibilities beginning with project solicitation and continuing through construction completion and into project operations. A Development Manager will be capable of independently performing the following functions as a project progresses from identification through project occupancy:

• Analyze project and partner viability
• Create comprehensive project assessments and reports for evaluation by the project committee
• Vet and make recommendations on project team members
• Document project processes--agendas, meeting minutes, team member correspondence/direction
• Create and manage project schedules and action item lists
• Create project financial models and finance packages for use internally and in the capital markets.
• Transition projects from predevelopment to construction and from construction to operations
• Assemble and document project metrics and historical data
• Research market trends and present findings to development teams and company principals

A Development Manager will work closely with Sr. Project staff and/or company Principals to accomplish the following:

• Create project proposals in response to RFQs and RFPs
• Assemble and manage development team members during predevelopment and construction
• Execute entitlement and permitting processes
• Execute project closings
• Track project expenditures versus budget. Maintain financial forecasts for active developments.
• Support the construction and development team throughout the construction process in order to maintain relationship consistency, provide a high level of customer service to our institutional partner and ensure adherence to project agreements and project quality standards
• Support property management team ultimately responsible for post completion facility operations

In addition, the Development Manager will support Sr. Development staff or company Principals to:

• Draft and negotiate all project agreements
• Structure finance and project capitalization plans and strategies

• Experience with Capstone as a Development Analyst or 1-4 years of relevant work experience in project management specific to real estate development preferred.
• Bachelor's degree required, preferably Finance or Real Estate Finance.
• Strong quantitative and analytical skills with proven financial modeling skills.
• Ability to read, understand, develop and maintain project pro-formas and budgets.
• Strong organizational, time-management, and project management skills in order to effectively track, report, and manage multiple projects and priorities where meeting deadlines is critical.
• Maintains trusted and respectful relationships with clients, business partners, and team members.
• Strong communication skills, written and verbal.
• Eagerness and ability to collaborate in a team-oriented environment.
• Self-starter with core leadership skills and entrepreneurial disposition with eagerness to pursue new tasks with limited direction.
• Proficient in Excel, Word, and PowerPoint. Ability to quickly learn new software and systems to complete, design, and develop required reports and documents.

• Prolonged periods of sitting at a desk and working on a computer.
• Must be able to lift 15 pounds at times.

• Up to 20-30%

Pay Range: $100,000 USD - $130,000 USD

is a student housing and campus facilities real estate development company exclusively focused on working with colleges and universities in public private partnerships. The Principals of CDP have a combined experience of more than 50 years helping colleges and universities overcome real estate development and housing challenges. Our mission is unique to the student housing industry in that we focus on projects where we are in partnership with the university— rather than simply building…