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VP, Development and Investment, Multi-Product
CBRE
JOB SUMMARY Responsible for coordination of acquisition and development analysis and due diligence activities. Manages through coordination of construction manager, property managers, city officials, consultants, leasing teams, and tenants. Responsible for development of business plans for operating assets, including determining budgeted market rents, assisting in sourcing capital for investments and working with lenders and partners to capitalize projects. Conducts asset management of value-added assets (i.e., non-stabilized) in business unit. ESSENTIAL DUTIES AND RESPONSIBILITIES Responsible for coordination and oversight of acquisitions and development analysis and due diligence activities. Manages customer service through coordination of construction and property managers, city officials, consultants, leasing teams and tenants. Assists in sourcing debt and equity capital for projects, including production of capital requests and participation in presentations to capital as well as TCC investment committee. Gathers proposed terms from a variety of debt and equity sources to be used in determining optimal capital structure for project. Serves as asset manager for value-added (i.e., non-stabilized) assets in business unit portfolio, including negotiation of leases, administration of project loan issues pertaining to property operations, directing property managers and leasing agents, communication and strategizing with capital partners, and working with business unit principals and investment sale brokers at time of monetization. Responsible for development of business plans for operating assets, including determination of budgeted market rents and lease structures, operating expenses, capital budgets, etc. Retains/expands business by dealing effectively with major customers through delivery of targeted, cost effective projects. Assists in new business pursuits. 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 WHO WE ARE: Trammell Crow Company provides best-in-class development services to real estate occupiers and investors. Founded in 1948, Trammell Crow Company (TCC) has developed or acquired more than 2,700 buildings totaling 590 million square feet with a value of over $65 billion. With professionals in 18 major U.S. cities and the U.K., we serve occupiers and investors in office, industrial, retail, healthcare, mixed-use and multi-family residential properties. TCC is the largest commercial real estate developer in the U.S. with $13.7 billion in active projects in process, and an additional $6.1 billion in the pipeline as of June 30, 2020. The company acquires premier sites in the most desirable markets, procures optimal entitlements, and directs the design, construction and leasing of assets. TCC builds sustainable properties that generate long-term economic benefits through timeless design, superior functionality, and smart technology. Every development is rigorously vetted by our investment committee, and the company employs a conservative capital structure to mitigate risk. As an independently operated subsidiary of CBRE, the world's largest real estate services firm, TCC enjoys ready access to the nation's top project execution teams and transaction advisors; the industry's strongest balance sheet; an unparalleled technology platform; and world-class proprietary research.
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