Location: Newton,MA, USA
Overview
The work being performed by The RMR Group's Development Team spans all major regions of the United States and involves a broad range of project types, including mixed-use, office, life science, hotel, industrial, retail and multi-family. This is a dynamic, fast-growing group that is responsible for building everything from large, master-planned urban neighborhoods to standalone retail structures. Given the breadth and scope of our projects, we are looking for an experienced Development Director that has the ability to independently shepherd a portfolio of properties through all phases of the development process. The successful candidate will have an entrepreneurial mindset, a penchant for collaboration, and the flexibility to handle a wide variety of project types and scales.
Responsibilities
* Prepare highest and best use analyses and commission feasibility studies to identify potential development projects.
* Perform early-stage financial analysis/modeling to inform return projections, risk assessment, and project viability, and continually revisit and update those analyses/models as project progresses through design and construction.
* Vet, assemble and oversee all external members of the project team, including architects, engineers, consultants, brokers, marketing firms, general contractors and local counsel.
* Coordinate with design professionals to guide project from conceptual plans to construction documents.
* Serve as the lead representative for complex entitlement and governmental approval processes, civic engagement efforts, and discussions with public and private stakeholders within the project's local community.
* Along with project consultants, establish marketing and public relations strategies and oversee the rollout of marketing campaigns for individual projects.
* Manage commercial lease transactions individually and in conjunction with RMR's asset management and property management teams, from initial proposal through lease execution.
* Regularly present recommendations and updates with respect to existing or potential developments to RMR's investment committee.
* Identify opportunities for strategic acquisitions to augment existing development sites.
* Work with the Vice President to put together reports for the Executive Operating Committee on projects under pursuit, under construction and under lease-up.
* Source new projects, both from within RMR's existing portfolio of assets as well as externally via relationships and knowledge within the broader development community.
* Collaborate with the Project Management Team to maintain construction schedules and ensure projects are delivered at or under budget.
* Track progress of each project against quality, cost and delivery goals. Report status and variances. Create action plans to meet objectives, budget and schedule.
Qualifications
* Bachelor's degree. Master's degree in related field preferred but not required.
* 8-10 years of real estate development experience, preferably across a variety of use types.
* Knowledge of the principles associated with architecture/design, zoning and land use regulation, urban planning, civil engineering, real estate finance, governmental/public affairs, and leasing.
* Familiarity with moderately complex documents affecting real estate, including but not limited to purchase and sale agreements, surveys, vendor contracts, leases, development agreements, work letters, easements, and environmental reports.
* High level of accountability and ownership of action.
* Advanced proficiency in financial modeling, budget management and data analysis.
* Excellent written and oral communication skills.
* Ability to work in a fast-paced, team centered, results-driven environment.
* Thorough understanding of Microsoft Office products, CRM software, ARGUS Enterprise, database management & reporting.
* Willingness to think creatively and strategically about the future potential of real estate assets, while taking into account site constraints/encumbrances, market conditions, regulatory environment and execution risk.
* Ability to travel up to 25%.
Company Overview
The RMR Group (Nasdaq: RMR) is a leading U.S. alternative asset management company, unique for its focus on commercial real estate (CRE) and related businesses. RMR's vertical integration is strengthened by over 1,100 real estate professionals in more than 30 offices nationwide who manage over $41 billion in assets under management and leverage more than 35 years of institutional experience in buying, selling, financing and operating CRE. RMR benefits from a scalable platform, a deep and experienced management team and a diversity of real estate strategies across its clients. RMR has been recognized by The Boston Globe as a Top Place to Work , by the Environmental Protection Agency (EPA) as an ENERGY STAR Partner of the Year and ranked by the Building Owners and Managers Association (BOMA) as having one of the highest number of BOMA 360 designated properties in its portfolio. RMR is headquartered in Newton, MA and was founded in 1986.
RMR's mission is to create long term value for our clients by managing their investments and assets like we own it - an approach that consistently and repeatedly generates opportunities for all our employees, investors and stakeholders. We are guided by six core values:
* Integrity at Our Core.
* Perform Passionately and Effectively.
* Inspired Thinking.
* Like We Own It.
* Power of We.
* Mutual Respect.
Visit our website to learn more about what makes The RMR Group a rewarding place to build a career.
Follow RMR on LinkedIn, on Instagram @thermrgroup and on Twitter @The_RMR_Group.
The RMR Group is an equal opportunity employer. Qualified applications will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or protected veteran status. For our EEO Policy Statement, please click here. If you'd like more information on your EEO rights under the law, please click here.