Vice President, Multifamily Construction & Capital Projects

Vice President, Multifamily Construction & Capital Projects Job Summary

Omninet Capital is looking for a Vice President of Multifamily Construction & Capital Projects to own the planning, budgeting, execution, and oversight of all construction, capital expenditure, and renovation activity across our national multifamily portfolio — amenity and common‑area upgrades, exterior and structural work, deferred maintenance, and value‑add capital projects.

This is a builder's role with an executive's mandate. You'll translate investment business plans into executable physical scope: underwriting Cap Ex at acquisition, directing value‑add and renovation programs through closeout, controlling vendor spend through competitive bidding, and reporting capital plans and progress to executive leadership. You'll set scope, control budgets, hold vendors accountable, and walk our job sites — while building the repeatable systems and controls our growing, geographically distributed portfolio needs.

Acting as the owner's representative, you'll protect asset value through strategic capital planning, construction management, risk mitigation, vendor management, due diligence, and insurance‑claim oversight. The role is highly autonomous and works directly across executive leadership, acquisitions, asset management, property operations, legal, finance, insurance carriers, architects, engineers, consultants, and contractors — from acquisition through closeout. We're looking for someone who operates strategically without losing sight of the details.

Develop and own annual and multi‑year (5‑year) capital plans across the national portfolio, sizing and sequencing spend at both the asset and portfolio level.

Conduct property inspections and deferred‑maintenance analysis; assess the remaining useful life of building systems and translate findings into prioritized, risk‑ranked capital plans.

Lead reserve planning, capital prioritization, and cash‑flow forecasting; advise ownership on whether to spend or defer capital based on hold periods and disposition strategy.

Build and maintain diligence and budgeting tooling — Excel workbooks and AI / web tools — with scenario toggles, line‑item cost detail, and per‑unit / per‑door metrics.

Lead construction and Cap Ex diligence on acquisitions: site inspections, building‑ and unit‑condition assessments, and deferred‑maintenance evaluation.

Develop and validate scope, estimate costs, and underwrite renovation budgets that feed directly into the investment model.

Prepare executive summaries identifying major risks and capital exposure prior to acquisition; support the investment committee and purchase‑price retade negotiations.

Direct value‑add, unit renovation, and capital projects from scope definition through closeout — on time, on budget, and to our quality standards.

roof replacements, building‑envelope and waterproofing repairs, exterior renovations, balcony and structural reconstruction, asphalt replacement, drainage and site‑utility improvements, pool and clubhouse renovations, common‑area and amenity upgrades, unit‑rehabilitation programs, fire and water damage restoration, and life‑safety improvements.

Define standardized scopes of work, unit‑turn specifications, and finish packages; manage execution against budget, schedule, and quality.

Conduct regular site visits to inspect progress, resolve issues, ensure quality, and hold contractors and vendors accountable.

Coordinate construction with onsite operations, leasing activity, resident communication, and property access to minimize resident impact.

Manage complex insurance restoration projects involving fire, water, storm, and catastrophic property events.

Coordinate with insurance carriers, public adjusters, restoration contractors, consultants, engineers, and legal counsel.

Negotiate scope, pricing, and settlements — including mediation and legal support — while protecting ownership interests and maximizing recovery.

Source, qualify, level, and award competitive bids across trades — GCs, subcontractors,…