This position will be based in either Denver, CO or Phoenix, AZ.
The Vice President of Development reports to a Senior Vice President of Development and facilitates real estate development projects within a designated geographic area(s) for deals that meet or exceed MAA investment criteria. Key responsibilities include supporting, facilitating and implementing the pre-development process under the direction of the SVP of Development, as well as monitoring markets for construction pipeline, real estate development land opportunities and economic trends. Additional responsibilities include coordinating and interacting with multiple internal and external stakeholder and frequent travel to close and execute real estate development deals.
The successful candidate will embody and work to reinforce MAA s Core Values throughout all aspects of MAA. Those values include:
Appreciating the uniqueness of each individual
Communicating openly and with integrity
Doing the right thing at the right time for the right reasons
Duties and Responsibilities
Executes development deals that meet MAA s return on investment (ROI) criteria. Works with Development management to support ground-up development projects throughout the deal cycle from generating deals through lease-up and stabilization.
Monitors designated market(s) for understanding of the construction pipeline, land opportunities, macro-economic trends, etc.
Work with Development management to help generate raw-land deal flow. Develops and maintains relationships with brokers, owners, and sellers facilitate deal flow.
Manages design teams (architects, engineers, interior designers, general contractors, etc.) throughout the pre-development process from concept through construction commencement.
Collaborates with MAA internal teams on the program for each development and obtain buy-in during the pre-development process from property management, maintenance, pricing, landscape, ancillary services, etc.
Communicates with city officials on site planning issues, zoning-land entitlements, permitting, etc. Works closely with internal and external legal teams on issues from land entitlement (zoning, land use), easements, consultant/contractor agreements, construction issues, etc.
Partners with MAA construction team during the pre-development process and stays involved in the construction phase of the development cycle to assist the construction team with questions.
Underwrites development deals on a regular basis as deal flow allows. Partners with Development resources and subject matter experts on the economics of deals. Stays up to date on the construction cost environment by working with the MAA construction team and maintaining relationships with general contractors in each market.
Prepares Investment Committee proposals for land investment deals and construction commencement approvals.
Travels frequently, up to 50% or more depending on project phases, for meetings with deal and design/construction teams.
Performs other duties as assigned to meet the needs of the business.
Bachelor s degree in finance, accounting, architecture, construction or related field required, or an equivalent combination of education and experience
5+ years of experience in the multi-family industry in a development support role required
Valid driver s license from the state of residence required
Master s degree or MBA preferred
Experience leading or facilitating a development deal from site identification, concept, design, construction to stabilization strongly preferred
Knowledge, Skills, and Abilities
Architectural knowledge and ability to read and interpret construction plans for development projects
Knowledge of regional and/or local economics and market trends in real estate investment and/or development
Knowledge of legal and regulatory requirements related to land use and development (e.g., zoning laws, permit requirements)
Knowledge of contractual and legal terminology and principles with which to draft, modify, interpret and apply stipulations to development projects
Knowledge and skill to provide direction, make decisions, and manage design teams and consultants to meet deadlines and expectations
Skill in applying a collaborative, team-based approach to the development process
Skill in understanding maps and tools to help identify sites
Business and financial acumen to manage and control budgets and expenses for assigned projects
Skill and ability to clearly and concisely communicate verbally and in writing
Critical thinking, problem-solving and decision making skills with varying amounts of data or information
Knowledge and skills to manage projects, organize, prioritize, and meet deadlines
Proficiency with Microsoft Office applications (Word, Excel, Outlook and PowerPoint)
Ability to maintain confidentiality and maintain appropriate discretion
Ability to operate a personal motor vehicle to travel within an assigned geographic region; ability to travel overnight by air on company business
Internal Number: R0006377
About MAA (Mid America Apartment Communities)
MAA is a real estate investment trust (REIT) that focuses on the acquisition, selective development, redevelopment and management of multifamily homes throughout the Southeastern and Southwestern regions of the United States.
Our mission at MAA is to deliver superior service and value for our residents, employees and shareholders. We refer to this as creating "A Brighter View" and we are doing it every day.
In fact, we proudly display "Our Brighter View" plaques at every MAA office just to serve as a daily reminder of our focused mission. MAA is committed to remaining true to our rich tradition of service to each other, to our residents, and to our shareholders. We respect the privilege to providing value to those whose lives we touch.
Please click on the links below to learn more about MAA’s culture and corporate charity as well as view MAA’s Corporate Profile: