JOB SUMMARY Accountable for the sourcing, underwriting, and field execution of multi-family development and investment transactions within assigned Business Unit for Trammell Crow Company's multi-family subsidiary, High Street Residential, including site selection, securing entitlements and approvals, budgeting, design, creating and implementing project business plan, capitalizing and monetizing of project, usually under direction of principal-level colleague and in conjunction with development management professionals. Coordinate asset management of assigned portfolio of assets.
ESSENTIAL DUTIES AND RESPONSIBILITIES
Responsible for identification and gaining control of new multi-family business opportunities.
Accountable for the underwriting of the new multi-family opportunities and field execution of development and investment transactions within assigned business unit for Trammell Crow Company's multi-family subsidiary, High Street Residential.
Negotiates proposed deal terms from a variety of debt and equity sources for purposes of determining optimal capital structure.
Creates and implements project business plan, including hiring of project leasing and property management teams, determining project operating budgets, negotiating major leases, overseeing other team members' negotiations, etc.
Interacts with capital partners on day-to-day communications regarding project progress.
Develops relationships with, and regularly communicate with, other market participants (investors, tenants, lenders, engineers, appraisers, etc.) to maintain up-to-the minute knowledge of market conditions and opportunities.
Regularly reviews all the asset management system (ELITE) information on assigned project to ensure completeness and accuracy of data.
Other duties may be assigned.
SUPERVISORY RESPONSIBILITIES Manages the planning, organization, and controls for a major project, functional area, or department. May be responsible for a mix of direct and matrix reports. Recommends recruitment, selection, promotion, advancement, corrective action, and termination of direct reports to next level management for approval. Monitors appropriate staffing levels and reports on utilization and deployment of human resources. Leads and supports staff in areas of staffing, selection, training, development, coaching, mentoring, measuring, appraising and rewarding performance and retention. Leads by example and models behaviors that are consistent with the company's values.
QUALIFICATIONS To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
EDUCATION and EXPERIENCE Bachelor's degree in business, engineering, or architecture from an appropriate 4-year college program (Law degree or MBA preferred). Typically at least 8-10 years experience in commercial real estate with strong financial and marketing orientation. Should also have a demonstrated ability to lead profitable development projects.
CERTIFICATES and/or LICENSES COMMUNICATION
SKILLS Ability to comprehend, analyze, and interpret the most complex business documents. Ability to respond effectively to the most sensitive issues. Ability to write reports, manuals, speeches and articles using distinctive style. Ability to make effective and persuasive presentations on complex topics to employees, clients, top management and/or public groups. Ability to motivate and negotiate effectively with key employees, top management, client groups, sellers, and lenders of real estate to take desired action.
FINANCIAL KNOWLEDGE Requires in-depth knowledge of financial and real estate terms and principles. Reviews complex financial/business analysis and reports prepared by subordinates. Ability to analyze the most complex business/financial data and develop innovative solutions. Develops and implements financial policies and procedures. Approves and oversees department/division budget.
REASONING ABILITY Ability to solve advanced problems and deal with a variety of options in complex situations. Requires expert level analytical and quantitative skills with proven experience in developing strategic solutions. Draws upon the analysis of others and makes recommendations that have a direct impact on the company.
OTHER SKILLS and/or ABILITIES
SCOPE OF RESPONSIBILITY Decisions made with in-depth understanding and interpretation of procedures, company policies and business practices to achieve complex results. Responsible for setting project, department and/or division deadlines. Errors in judgment may cause long-term impact to line of business and/or overall company. Responsible for all project-related business decisions.
Internal Number: 18036426
With broader and deeper capabilities than any other company, CBRE is the leading full-service real estate services and investment organization in the world.
CBRE Group, Inc. is the world’s largest commercial real estate services and investment firm, with 2017 revenues of $14.2 billion and more than 80,000 employees (excluding affiliate offices). CBRE has been included in the Fortune 500 since 2008, ranking #214 in 2017. It also has been voted the industry’s top brand by the Lipsey Company for 17 consecutive years, and has been named one of Fortune’s “Most Admired Companies” in the real estate sector for six years in a row. Its shares trade on the New York Stock Exchange under the symbol “CBRE.”
CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services.