Director, Portfolio Development

Kraus-Anderson offers an opportunity to make an immediate impact with an industry leader! KA Realty’s mission is to continue to be a fully integrated commercial real estate service organization dedicated to serving our customers with a high degree of professionalism and integrity while protecting and maximizing the value of the properties entrusted to our care.

We will conduct our business in a manner which

• Provides an environment in which tenants can prosper.
• Allows employees to grow and develop.
• Enhances the property values of our clients.
• Demonstrates concern for community and environment.

For more than a century, Kraus-Anderson has been shaping the American landscape. Founded in 1897 and privately owned and managed by the Engelsma family for over 75 years, Kraus-Anderson provides innovative, collaborative services to clients coast to coast, including commercial real estate development and management, construction, and risk management. We’re people building buildings, businesses and relationships.

This position will be responsible for managing and implementing the real estate development process for Southtown within Kraus-Anderson’s owned portfolio as well as sourcing and managing other development and redevelopment opportunities for KA’s real estate portfolio. This role will include responsibility for all development and entitlement efforts of Southtown and future development and redevelopment planning for the owned portfolio. This includes development oversight during the site selection, due diligence, entitlement, lending, acquisition, construction, and development processes.

The position will collaborate with numerous internal and external partners to identify, determine and manage scope, schedule, budget, and risk for the Southtown redevelopment project. The role will also have a future-oriented outlook for development opportunities within the owned portfolio.

• Manages the Southtown redevelopment project by thoughtful, thorough planning that provide acceptable levels of risk-adjusted returns.
• Establishes and manages realistic pre-development budgets.
• Provides economic inputs resulting in accurate project pro forma analysis, including a detailed project budget, leading to outcomes that meet or exceed expectations.
• Reviews, coordinates and manages approvals of all planning activities.
• Creates accurate project schedules.
• Provides oversight and coordination of all development and construction-related due diligence such as environmental, geotechnical, traffic, and other investigations, as necessary.
• Collaborates with the project team to interview, select, lead, and manage all third-party service providers such as architects, engineers, and consultants.
• Develops viable project concepts including planning, site design and development strategies.
• Determines initial project feasibility, through analysis of market data, project costs, and overall levels of return.
• Engages appropriate governmental agencies, community groups, and/or granting agencies as needed to secure all approvals, entitlements, and appropriate financial assistance.
• Identifies and develops viable investment strategies in collaboration with various executive leaders.
• Facilitates communication with senior management regarding project economics, status, and risk, specifically identifying potential issues as early as possible. This includes preparing and presenting regular reports to KA’s Real Estate Investment Committee and other trustee, board, family, and senior executive meetings on the performance and outlook of the Southtown redevelopment project as well as other future development and redevelopment projects.
• Collaborates with KA Construction to coordinate and manage scope, schedule, and construction budget.
• Collaborates with accounting, legal, investments, c-suite, and others to secure, close, and manage project debt, including managing monthly draws, processing invoices, and tracking the project budget.
• Partners closely with leasing, property management, accounting, and legal to align day-to-day execution with ownership priorities.
• Coordinates with KA Construction Company’s…