Merus
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Director, Real Estate Development
role at
Merus .
Merus is formerly known as Al. Neyer. We combine more than 130 years of commercial real estate expertise with an integrated team of company owners. We specialize in the construction, development, ownership, and management of a diverse portfolio of real estate assets across a growing footprint in the eastern U.S.
We’re all owners here. This culture deeply influences our work and accountability—both in daily tasks and the organization’s collective success. Learn more about our culture at
www.merus1894.com .
Overview The Director, Real Estate Development drives the development process including the development of concepts, budgets, coordinating due diligence, zoning issues and compilation of all information in association with the Business Development Leader. Owning the success of the predevelopment process, the Director will efficiently leverage resources externally and internally, acting as an integrator, in order to drive the best possible development project to closing. Once closed, the Director is focused on investors’ interests, being accountable for the project’s progress, development budget and acting as owners’ representative during the construction phase.
Essential Job Functions
Schedule, leverage internal and external resources to drive the complete pre-development process including due diligence for sites under contract (soils, Phase I, environmental surveys, title etc.), providing input on site layouts, engaging with internal design and construction teams to obtain pricing, compile information and prepare budgets and initial pro-forma analyses
Qualify opportunities and present project strategy, milestones, feasibility and risks to the Investment Committee for internal approvals at various stages of predevelopment
Obtain site plan/governmental approvals for signed developments, including leading presentations to government bodies as necessary
Work with internal development team to mitigate problems proactively to keep project timelines intact including leveraging internal leaders across teams to ensure accountability and collaboration leading to successful closing
Coordinate or facilitate meetings with tenants and third-party consultants and contractors as necessary to achieve project milestones
Drive accountability for construction schedules and budgets of Merus owned managed projects
In collaboration with internal teams, process pay requests and change orders for funding
Perform site inspections to assure conformance to developments plans and specs
Provide detailed progress reports to investors on project status and financial performance
Provide leadership on projects that drives technical attentiveness
Presence: Identifies, creates and grows new relationships with CRE industry participants that will have a meaningful impact on the business
Deal Structure: Identifies terms included in various development related documents potentially detrimental to the developer and investor and mitigates or eliminates through negotiation
Financial Analysis: Advanced understanding of financial analysis, CRE capital markets, and CRE economics; ability to identify business terms necessary for profitable transactions in joint ventures, forward sales, ground up development, leases, acquisitions, dispositions, etc.
Due Diligence: Understands and identifies potential issues presented in consultant reports. Ability to direct team and key consultants toward solutions to achieve required results for project success
Construction Oversight: Strong understanding of construction contracts; ability to ensure plans, scope, costs and schedule are accurate and aligned with development strategies and underwriting criteria. Oversees projects under construction and advocates for Owner’s interests
Product Development: Understands design standards for each asset class. Ability to drive design decisions to ensure achievement of company and market standards
Understanding Markets: Ability to recognize trends in market metrics and identify strategies to capitalize on such trends. Works with the Market Leader to carry out identified strategies
Leadership of process and people: Ensures process and people stay in sync throughout the development process. Identifies challenges proactively and works through the team to achieve resolution. Uses opportunities to mentor team and build knowledge while driving superior service to our internal and external partners.
Qualifications and Experience
Five to ten years of commercial real estate experience in development, legal, finance or brokerage
Strong project management skills. Demonstrated ability to create and drive schedules
Demonstrated leadership abilities focused on mentoring and growing teams while driving accountability
Ability to analyze data and make recommendations
Capability to use critical thinking to solve complex problems
Proven ability to communicate professionally with others, including planning commissions/other government bodies, as well as internal teams of executives
Ability to coordinate outside vendors, particularly in the due diligence process
Familiarity with principles of real estate finance and real estate financial models
MBA and/or JD preferred
Bachelor’s or higher Degree in Business, Finance, Architecture, Engineering, Law or Planning required
Seniority level Director
Employment type Full-time
Job function Finance
Industries Construction and Real Estate
Get notified about new Director of Real Estate Development jobs in Cincinnati, OH.
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Director, Real Estate Development
role at
Merus .
Merus is formerly known as Al. Neyer. We combine more than 130 years of commercial real estate expertise with an integrated team of company owners. We specialize in the construction, development, ownership, and management of a diverse portfolio of real estate assets across a growing footprint in the eastern U.S.
We’re all owners here. This culture deeply influences our work and accountability—both in daily tasks and the organization’s collective success. Learn more about our culture at
www.merus1894.com .
Overview The Director, Real Estate Development drives the development process including the development of concepts, budgets, coordinating due diligence, zoning issues and compilation of all information in association with the Business Development Leader. Owning the success of the predevelopment process, the Director will efficiently leverage resources externally and internally, acting as an integrator, in order to drive the best possible development project to closing. Once closed, the Director is focused on investors’ interests, being accountable for the project’s progress, development budget and acting as owners’ representative during the construction phase.
Essential Job Functions
Schedule, leverage internal and external resources to drive the complete pre-development process including due diligence for sites under contract (soils, Phase I, environmental surveys, title etc.), providing input on site layouts, engaging with internal design and construction teams to obtain pricing, compile information and prepare budgets and initial pro-forma analyses
Qualify opportunities and present project strategy, milestones, feasibility and risks to the Investment Committee for internal approvals at various stages of predevelopment
Obtain site plan/governmental approvals for signed developments, including leading presentations to government bodies as necessary
Work with internal development team to mitigate problems proactively to keep project timelines intact including leveraging internal leaders across teams to ensure accountability and collaboration leading to successful closing
Coordinate or facilitate meetings with tenants and third-party consultants and contractors as necessary to achieve project milestones
Drive accountability for construction schedules and budgets of Merus owned managed projects
In collaboration with internal teams, process pay requests and change orders for funding
Perform site inspections to assure conformance to developments plans and specs
Provide detailed progress reports to investors on project status and financial performance
Provide leadership on projects that drives technical attentiveness
Presence: Identifies, creates and grows new relationships with CRE industry participants that will have a meaningful impact on the business
Deal Structure: Identifies terms included in various development related documents potentially detrimental to the developer and investor and mitigates or eliminates through negotiation
Financial Analysis: Advanced understanding of financial analysis, CRE capital markets, and CRE economics; ability to identify business terms necessary for profitable transactions in joint ventures, forward sales, ground up development, leases, acquisitions, dispositions, etc.
Due Diligence: Understands and identifies potential issues presented in consultant reports. Ability to direct team and key consultants toward solutions to achieve required results for project success
Construction Oversight: Strong understanding of construction contracts; ability to ensure plans, scope, costs and schedule are accurate and aligned with development strategies and underwriting criteria. Oversees projects under construction and advocates for Owner’s interests
Product Development: Understands design standards for each asset class. Ability to drive design decisions to ensure achievement of company and market standards
Understanding Markets: Ability to recognize trends in market metrics and identify strategies to capitalize on such trends. Works with the Market Leader to carry out identified strategies
Leadership of process and people: Ensures process and people stay in sync throughout the development process. Identifies challenges proactively and works through the team to achieve resolution. Uses opportunities to mentor team and build knowledge while driving superior service to our internal and external partners.
Qualifications and Experience
Five to ten years of commercial real estate experience in development, legal, finance or brokerage
Strong project management skills. Demonstrated ability to create and drive schedules
Demonstrated leadership abilities focused on mentoring and growing teams while driving accountability
Ability to analyze data and make recommendations
Capability to use critical thinking to solve complex problems
Proven ability to communicate professionally with others, including planning commissions/other government bodies, as well as internal teams of executives
Ability to coordinate outside vendors, particularly in the due diligence process
Familiarity with principles of real estate finance and real estate financial models
MBA and/or JD preferred
Bachelor’s or higher Degree in Business, Finance, Architecture, Engineering, Law or Planning required
Seniority level Director
Employment type Full-time
Job function Finance
Industries Construction and Real Estate
Get notified about new Director of Real Estate Development jobs in Cincinnati, OH.
#J-18808-Ljbffr