Vice President, Multifamily Development & Acquisitions

Company Description

Our client is a privately held, fully integrated regional real estate development and investment company based in Baltimore, MD. This is a fourth-generation company in growth mode, with a focus on creating high-quality multifamily and mixed-use projects which are rich in detail and originality.

A vertically integrated company with internal development, construction, and property management divisions, the company is involved in every facet of the community-building process. From the initial site selection down to the quality finishing touches of each residence and building, the company considers each and every detail to be paramount. The company has successfully developed over 13,000 homes and class A luxury apartments in the Mid-Atlantic region and completed over $3 billion in real estate transactions.

Opportunity

The Vice President of Acquisitions and Development is a hands-on position that will have primary corporate responsibility for the identification of land acquisition opportunities in designated geographic markets in Mid-Atlantic region (from Northern Virginia to Pennsylvania, with a primary focus in Maryland). The position will also be responsible for coordinating the third-party design (architectural and engineering) of new luxury midrise and high-rise multifamily ground-up development and mixed-use projects in conjunction with the development and construction teams. The position will be based in Baltimore, MD.

Responsibilities:

Land Acquisition and Entitlement

• Land categories:Multifamily (Class A and AA apartments); Urban mixed use.
• Access municipal planning officials, landowners, broker network.
• Negotiate land acquisitions on behalf of the development affiliate.
• Underwrite all land acquisitions opportunities.
• Spearhead land entitlement and municipal development approval process through building permits.
• Identify existing apartment communities with value added opportunities in designated Mid-Atlantic geographic markets.

Development:

• Work in collaboration with the development, construction, and property management teams to execute the development and lease-up of new luxury multifamily and mixed-use projects.

Qualifications

The ideal candidate will have the following qualifications:

• Bachelor’s degree required, MBA or graduate degree with real estate concentration desirable.
• Minimum of six years acquisitions and development experience with a developer of Class A/AA apartment communities.
• Must demonstrate superior multifamily land acquisition skills and recent experience (specifically in Maryland). Must have acquired multifamily land in multiple markets within the past 24 months.
• Must be able to evaluate market criteria and define acquisition opportunities based on these criteria.
• Has successfully led multi-task process of land entitlement and development through municipal approval process.
• Coordinate third party allied professionals i.e. land use and real estate attorneys, architects, civil and other engineers, market analysts, government officials.
• Coordinate corporate feasibility analysis i.e. financial proformas.
• Must thrive on working independently on identifying land/real estate acquisition opportunities with self-initiative and rigor.
• Must thrive in a fast-paced environment.
• Must be relentlessly tenacious, tempered with a positive, friendly attitude.
• Must be innovative and be able to think “outside of the box”.
• Must be proactive in establishing the right contacts in each market to identify new acquisition opportunities before they reach the market.
• Must be polished, articulate with the “gift of the gab” essential for networking opportunities.
• Must be a dynamic team player.