Vice President Investments
Company: Gables Residential
Location: Dallas
Posted on: March 3, 2025
Job Description:
Vice President InvestmentsApply locations: Dallas Corporate -
Dallas, TX; Houston Corporate - Houston, TXTime type: Full
timePosted on: Posted 3 Days AgoJob requisition id: 2024-10982Be
#gablesproud of where you work and become part of our team by
applying for your new career with Gables TODAY!Gables Residential
is currently hiring for a Vice President to join our
Investment/Development team. This position may be based in Dallas,
Houston, or Austin.Investment Goals
- In collaboration with CIO establish multi-year regional
investment plan
- Achieve investment goals for acquisitions, dispositions, and
new developments as defined in the prior year's strategic
review.
- Source pipeline of multifamily development projects in
alignment with investment goals
- Source multifamily acquisitions in alignment with investment
goals
- Manage to regional profit & loss
- Manage acquisition and development budgets and schedules in
accordance with the approved Deal Summary, Gables Policies and
Procedures, and expectations of the company.Market Knowledge,
Research & Investment Execution
- Effectively identify, evaluate, and manage risk including:
- Development
- Construction
- Market
- Budget and Schedule
- Contractual / Legal
- Operational
- Exhibit local market expertise. Gables expects the Regional VP
to be the authority on location and product, supply and demand, as
well as develop and foster relationships with the real estate
community, local consultants, city staff, and city government.
- Execute micro market investment strategy.
- Conduct feasibility analysis for new projects including market,
financial, entitlement, and design issues.
- Establish business plan for each acquisition or development
project and ensure business plan is executed within its investment
parameters.
- Execute on all approvals and permitting for projects, working
with the Civil Engineer, Architect, and Legal Counsel.
- Oversee design and construction in collaboration with Gable's
team, including architecture and related disciplines, land
planning, landscape architecture, civil and structural engineering.
Oversee design process from concept development through
construction drawings and manage through the construction
period.
- Collaborate with Operations and Marketing to develop product
and operational strategy and oversee implementation through
stabilization.
- Collaborate with Clarion Partners peer groups in acquisitions
and research in developing investment strategy.Management &
Leadership
- Develop a team of the most capable people in your local
market.
- Create a culture that encourages communication and healthy
feedback.
- Give thoughtful consideration to the review of immediate staff
and provide guidance in their career growth.
- Ensure that all project functions are adequately distributed
and that all immediate staff is trained to complete their job
properly.
- Hold regional team accountable in achieving desired
outcomes.
- Establish effective risk controls for investments.
- Exhibit strong collaboration with regional functional groups
and across the organization.
- Evaluate strengths and weaknesses of immediate staff, and
clearly communicate those to associates. Work with each person on
an individual basis to develop a plan that capitalizes on strengths
and improves areas of weakness.
- Provide opportunities for career growth and personal
development.
- Act as a role model & mentor.
- Exhibit fairness, consistency, and professional ethics at all
times, including compliance with Gables code of ethics
policy.Reporting & Communications
- Provides thorough communication with Gables Associates
regarding current activities and major decisions.
- Work effectively with other Gables divisions (i.e. Finance,
Accounting, Operations).
- Keep senior management, operations, and development team
appropriately informed on project status from concept through
stabilization utilizing:
- Weekly Operations meetings
- Monthly Production Meetings
- Monthly Investment Summary and Pursuit Reports
- Investment Committee
- Bi-annual Strategic Review
- Oversee financial and accounting functions for the project,
including oversight of all project budgets, reviewing and signing
periodic bank/equity draws, reviewing and approving all invoices
for projects and coordinating with corporate-level finance and
accounting areas on the generation of periodic financial statements
and bank packages.
- Stay abreast of market trends with regards to product design,
product features, demographics, and competitors' activities, to
include maintaining a database of information relating to submarket
development/construction pipeline data.
- Solicit proposals and negotiate contracts with Sellers,
Lenders, and 3rd party vendors.
- Treat Gables' Design Standards and Lessons Learned as open
documents. Utilize documents as part of the design process to avoid
making repeat mistakes and actively participate in updating these
documents.
- Fully disclose risks in Deal Summary and as new information
dictates.
- Resolve rent, expense and product issues with management in
early stages of due diligence.
- Visit all Gables assets in your local markets on a frequent
basis.
- Get to know all associates in your respective region, including
on-site Property Management personnel.QUALIFICATIONS:Education: A
4-year undergraduate degree in a real estate related major, Master
of Business Administration or Master of Science in Real Estate
Development degree preferred.Experience: Seven years of ground up
multifamily development experience is required, sourced a pipeline
of multifamily development projects, successfully executed multiple
development projects cradle to grave, and experience in multifamily
acquisitions.Attendance: This position is exempt from overtime. The
job is scheduled for a typical 40-hour workweek, however, demands
can be great and the associate should expect to work significantly
more hours. Travel demands for this position may be high at
times.Equal Opportunity Employer M/F/D/VIf you're passionate about
exceeding goals and providing exceptional customer service
experiences, come join Gables in our mission of Taking Care!
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Keywords: Gables Residential, Dallas , Vice President Investments, Executive , Dallas, Texas
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