Real Estate and Asset Strategy Officer

About This Position

Real Estate and Asset Strategy Officer

Purpose:

Under general direction of the Financial Services Director, this position is responsible for strategic real estate development and asset maximization, including oversight of the planning, financing, and execution of the organization’s real estate development projects.

Duties, Functions and Responsibilities:

• Develops and leads the organization’s real estate development and asset maximization strategy in alignment with City vision and growth goals.
• Identifies emerging market trends, acquisition opportunities, and competitive landscapes to guide investment, disposition, and development decisions.
• Works with land-use planners, architects, engineers, consultants, and others to design and entitle a project to maximize the asset’s best use. Acts as official representative to other City departments, City Manager’s Office, elected officials, and outside agencies; explains, justifies, and defends department programs, policies, and activities; and negotiates and resolves sensitive, significant, and controversial issues.
• Collaborates with City and executive leadership to shape long-term planning and capital deployment strategies, briefing and advising City management, and the Mayor and Council regarding the City’s portfolio.
• Oversees and participates in the development and administration of the department budget within its span of control; estimates funds needed for staffing, equipment, materials, and supplies; directs the monitoring and approval of expenditures; and directs the preparation and implementation of budgetary adjustments as necessary.
• Sources, evaluates, and structures new development, acquisition and disposition opportunities.
• Negotiates land purchases, joint ventures, and partnerships with investors, developers, and stakeholders.
• Provides oversight for all phases of the development lifecycle, from land acquisition through entitlements, design, construction, and stabilization.
• Prepares project schedules, annual budget, and strategic plan for assets and initiatives.
• Ensures projects meet financial (both monetary and non-monetary, including community benefits) return thresholds and align with capital structure strategies.

Responsibilities
- Supervisor and/or Leadership Exercised:

Responsible for the full range of supervisory activities including selection, training, evaluation, counseling, and recommendation for dismissal.

Knowledge, Skills, and Abilities:

Must possess required knowledge, skills, abilities, and experience and be able to explain and demonstrate, with or without reasonable accommodations, that the essential functions of the job can be performed.

• Knowledge of financial principles and practices.
• Knowledge of real estate development.
• Knowledge of affordable housing, mixed-use, or urban infill development
• Knowledge of market analysis, land use planning, entitlements, and construction processes.
• Knowledge of fiscal and real estate asset planning and budget preparation.
• Knowledge of supervisory and managerial techniques and principles.
• Knowledge of Federal, State, and Local laws, and ordinances governing real estate management, zoning laws, entitlement processes, building codes, disposition, and acquisition.
• Skill in executing complex, large-scale real estate development projects.
• Skill in financial modeling and deal structuring.
• Skill in financial acumen, structuring deals, and securing financing.
• Skill in oral and written communications.
• Skill in negotiation.
• Skill in using computers and related software applications.
• Skill in data analysis, problem solving, and decision-making.
• Skill in evaluating bids and making recommendations.
• Ability to navigate complex deals, entitlements, partnerships, and market dynamics.
• Ability to maintain effective communication and working relationships with City Officials, business leaders, financial institutions, developers, citizen groups, and City departments and employees.
• Ability to demonstrate visionary leadership with an entrepreneurial mindset/

Minimum Qualifications:

• Graduation with a Bachelor’s degree in Real Estate, Business, Finance, Urban Planning, or related field.
• Twelve (12) or more years…