Development Manager - NexMetro Communities

NexMetro is an innovative real estate developer revolutionizing how consumers think about housing. We are seeking a Development Manager in Austin.  The Development Manager, working closely with the Vice President of Development, will oversee and manage construction while supporting market research, due diligence, entitlements, and financing efforts. This includes third-party General Contractor oversight to ensure the completion of multiple residential projects simultaneously according to schedule as well as day-to-day activities involving the coordination of professional services such as architects/engineers, government agencies involved in entitlement and approval processes, community groups involved with projects, and monitoring the overall timeline; tracking of progress and development budget to keep the development team apprised of project status.

NexMetro Communities is one of the nation's largest single-family rental community developers, specializing in building communities for consumers seeking a place that rents like an apartment but lives like a single-family home. NexMetro develops luxury leased communities marketed under the name Avilla Homes. Avilla neighborhoods combine the benefits of luxury residential single-family living with the convenience, flexibility, and professional on-site management of a Class A apartment community. The result is a new residential hybrid housing option—detached, single-story homes in prime suburban locations that are highly differentiated from traditional rental products. Founded in 2012 and a pioneer in the space, NexMetro has invested more than $2 billion in projects completed or under construction, comprising more than 50 neighborhoods spanning Sunbelt locales from Arizona to Florida. We are an entrepreneurial company with a strong, passionate company culture, and we are seeking team members with a similar mindset.

Summary of Responsibilities:

• Provides oversight of third-party general contractors' entire construction and design teams including all consultants throughout the period of construction.
• Holds weekly on-site meetings with the General Contractor to monitor the quality and progress of construction sites.
• Monitors construction activities and recommends or takes corrective action to ensure that quality standards are met in line with quality assurance programs.
• Prepares preliminary construction estimates, proforma and detailed budgets at various project stages from due diligence to lease-up.
• Serves as a primary point of contact for the Austin region and provides day-to-day oversight of all aspects of project management; consults frequently with VP of Development 
• Performs due diligence tasks, evaluates property for development potential and risks, and prepares feasibility studies, including market, site feasibility, entitlements, and project economics.
• Responsible for project cost control and profitability by ensuring projects are on time, on or under budget, and built to the highest standard of quality.
• Organizes and categorizes development guidelines for various municipalities, including general plan guidelines, zoning regulations, and other guidelines/regulations critical to development.
• Coordinates with architects and other professionals on preliminary and working drawing design.
• Performs hands-on project management, including direct oversight of third-party general contractors, including a focus on managing P&L
• Leads all turnover/acceptance walks and manages the transition of residential units from General Contractor to Management Company.
• Uses appropriate verification techniques to manage changes in project scope, schedule, and costs.
• Maintains positive and productive relationships and effectively communicates with all project stakeholders to mitigate risk and maximize profitability.
• Creates and maintains comprehensive project documentation.
• Assists management throughout the entitlement process by working with project consultants and engaging with government officials and community leaders to appropriate formal approvals.
• Collaborate closely with accounting, finance, asset management, marketing, and legal to ensure a successful project development for all stakeholders.

Summary of Ideal Qualifications:

• 4 – 8 years of experience in real estate development; preferably with experience in multifamily sites
• In-depth knowledge of the real estate development process; including entitlement, product design, construction, and financing
• Entrepreneurial aptitude combined with a strong work ethic and the desire to learn
• High financial acumen
• Ability to think critically and execute sound judgment
• Ability to work independently with minimal supervision and communicate need-to-know information upstream as warranted.
• Strong problem-solving and communication skills
• Detail Oriented

NexMetro's Core Values:

Servant Leadership:  Lead with humility, providing encouragement and empowering achievement.

Collaborative Spirit:  Inspire individual drive, focus and performance to create a best-in-class organization.

Pursuit of Excellence:  Inspire individual drive, focus and performance to create a best-in-class organization.

Do the Right Thing. Always: Act honestly, ethically, and responsibly.

The Power of Fun:  Life's too short. Make work fun.

NexMetropian Qualities:

NexMetro team members, also known as NexMetropians, form a diverse group of professionals from many walks of life with certain shared traits that create a common thread. NexMetropians are humble, understanding that our strength comes through our collective abilities and not through individual achievement. NexMetropians are hardworking team members willing to roll up our sleeves to help others regardless of our role within the organization. NexMetropians lead by example, and we do not ask things of our team members that we are not willing to do or have not done ourselves in the past. Finally, NexMetropians are a lot of fun, and we enjoy working together to build a great company and a great product for our residents.