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Kraus-Anderson · 11 hours ago

Director, Portfolio Development

Minneapolis, MN

Full-time

Onsite

Director/Executive

$180K/yr - $210K/yr

10+ years exp

Kraus-Anderson is an industry leader in commercial real estate services, dedicated to professionalism and integrity. The Director of Portfolio Development will manage and implement the real estate development process for Southtown, overseeing all aspects from site selection to construction, while collaborating with various partners to ensure project success.

Building MaterialConstructionReal Estate

Culture & Values

Responsibilities

Manages the Southtown redevelopment project by thoughtful, thorough planning that provide acceptable levels of risk-adjusted returns

Establishes and manages realistic pre-development budgets

Provides economic inputs resulting in accurate project pro forma analysis, including a detailed project budget, leading to outcomes that meet or exceed expectations

Reviews, coordinates and manages approvals of all planning activities

Creates accurate project schedules

Provides oversight and coordination of all development and construction-related due diligence such as environmental, geotechnical, traffic, and other investigations, as necessary

Collaborates with the project team to Interview, select, lead, and manage all third-party service providers such as architects, engineers, and consultants

Develops viable project concepts including planning, site design and development strategies

Determines initial project feasibility, through analysis of market data, project costs, and overall levels of return

Engages appropriate governmental agencies, community groups, and/or granting agencies as needed to secure all approvals, entitlements, and appropriate financial assistance

Identifies and develops viable investment strategies in collaboration with various executive leaders

Facilitates communication with senior management regarding project economics, status, and risk, specifically identifying potential issues as early as possible. This includes preparing and presenting regular reports to KA’s Real Estate Investment Committee and other trustee, board, family, and senior executive meetings on the performance and outlook of the Southtown redevelopment project as well as other future development and redevelopment projects

Collaborates with KA Construction to coordinate and manage scope, schedule, and construction budget

Collaborates with accounting, legal, investments, c-suite, and others to secure, close, and manage project debt, including managing monthly draws, processing invoices, and tracking the project budget

Partners closely with leasing, property management, accounting, and legal to align day-to-day execution with ownership priorities

Coordinates with KA Construction Company’s Development function on Real Estate Service Fee projects

Drives positive resolution on issues that may arise through the construction process

Performs other duties as assigned

Qualification

Real estate developmentFinancial analysisCity entitlement processProject managementMarket analysisInvestment analysisConstruction managementMS 365 OfficePresentation skillsNegotiation skillsCritical thinkingCommunication skillsConflict resolution

Required

Bachelor's degree in real estate, finance, business, architecture/design, or construction project management

10+ years of related real estate development experience including investment, finance, design, and/or construction management

In-depth knowledge of the real estate development process

In-depth knowledge of city entitlement and approval process

In-depth experience and/or working knowledge of all the following: real estate finance, real estate development, construction project management, market analysis, investment analysis, asset management, and design

Broad understanding of real estate market conditions, opportunities, and headwinds

Strong presentation, negotiation, and critical thinking skills

Skilled in process management

Excellent verbal and written communication skills, including ability to effectively communicate with internal and external customers

Ability to develop, maintain and strengthen partnerships with others inside and outside the organization who can provide information, assistance and support

Ability to work under pressure and meet deadlines, while maintaining a positive attitude and providing exemplary customer service

Comfortable with and skilled in conflict resolution

Demonstrated computer proficiency (MS 365 Office – Word, Excel and Outlook)

Ability to learn new skills

Ability to maintain compliance with all company policies and procedures

Demands the highest level of standards from self and others

Ability to use time productively, maximize efficiency and meet challenging work goals; ability to delegate responsibility and authority as appropriate

Ability to maintain compliance with all company policies and procedures

Ability to possess and maintain exceptional work ethic as well as uphold company values and demand the highest standard of conduct from self and others