Job Posting for Director of Development at Peachtree Group
The Director of Development will be responsible for origination, execution, development management, and ongoing reporting for Peachtree Group Development. This position plays a critical role as an outward-facing representative of Peachtree, as well as the advocate and coordinator for driving consensus and approvals internally and across the organization.
Role and Responsibilities
Identify land acquisition opportunities via developing relationships with outside land brokers and engaging with internal personnel
Manage land acquisition execution process
Prepare and negotiate purchase agreement and other critical documents
Coordinate with pre-development manager to order and review due diligence materials (survey, site investigation report, geotechnical report, etc.)
Responsibility for administrative portion of the land closing process
Work with mentor and train the analyst team, preparing investment underwriting models
Work with pre-development manager and construction team to verify preliminary site plan and schematic design to drive investment model
Lead business functions of pre-development process through construction start
Franchise applications and approval
Debt procurement packages / construction loan closing
Equity procurement packages (supporting Peachtree Group capital markets)
Coordinate post-closing transition to pre-development manager and other personnel across organization
Present opportunities to Peachtree Group investment committee to seek approval for land acquisition and pre-development/construction funding
Maintain land acquisition pipeline tracking reports
Assist with asset management of development projects until hotel opening
Efficiently coordinate and manage multiple projects, ensuring timely completion and adherence to project objectives.
Demonstrate exceptional organizational skills to streamline project workflows, prioritize tasks and manage resources effectively.
Exhibit a strong sense of urgency to meet deadlines and ensure project goals and stakeholder expectations are met.
Effectively liaise with internal and external stakeholders, maintaining clear communication and fostering positive relationships.
Manage ongoing development process as principal point-of-contact with brokers and vendors through the construction and delivery phases of projects
Liaising between all departments from a development perspective to serve as a central “hub” for development related items/matters until turnover to asset management (lender request, investment reporting)
Prepare quarterly investor reporting and strategic advisory board presentations for development pipeline
Manage all consultants and internal departmental coordination (design, construction management, investment, legal, third party, cities, etc.)
Qualifications and Education Requirements:
Bachelor's degree in business administration, Finance, Real Estate, Hospitality or a related field
Minimum 5 years' experience in financial investment and development of hotel or commercial real estate projects
Understanding of commercial real estate development process, such as key project milestones and construction terminology
Strong strategic and financial analysis skills
Experience and working knowledge of modeling, underwriting review, entitlement, civil land and use, pre-construction management,
Experience processing, monitoring and tracking development investment deals including due diligence review and negotiating partnerships and contracts with outside parties
Ability to work cross-functionally across numerous disciplines within an organization
Experience with Contract negotiation
Excellent Excel Skills
Preferred Skills:
Experience structuring deals and understanding the nuances of development from Land acquisition through construction start.
Working knowledge of Microsoft Project
Salary.com Estimation for Director of Development in Atlanta, GA
$121,272 to $197,516
If your compensation planning software is too rigid to deploy winning incentive strategies, it’s time to find an adaptable solution.
Compensation Planning
Enhance your organization's compensation strategy with salary data sets that HR and team managers can use to pay your staff right.
Surveys & Data Sets
Sign up to receive alerts about other jobs that are on the Director of Development career path.
Click the checkbox next to the jobs that you are interested in.
Sign up to receive alerts about other jobs with skills like those required for the Director of Development.
Click the checkbox next to the jobs that you are interested in.