Director of Development

ABOUT GREYSTAR

Greystar is a leading, fully integrated global real estate platform offering expertise in property management, investment management, development, and construction services in institutional-quality rental housing. Headquartered in Charleston, South Carolina, Greystar manages and operates over $350 billion of real estate in more than 260 markets globally with offices throughout North America, Europe, South America, and the Asia-Pacific region. Greystar is the largest operator of apartments in the United States, managing over one million units/beds globally. Across its platforms, Greystar has nearly $79 billion of assets under management, including over $34 billion of development assets and over $36.5 billion of regulatory assets under management. Greystar was founded by Bob Faith in 1993 to become a provider of world-class service in the rental residential real estate business. To learn more, visit www.greystar.com.

JOB DESCRIPTION SUMMARY

As a Director of Development, you will take projects from the first look at a piece of land to the day residents move in. Sourcing the pipeline for your region, shaping deals, and seeing them through design, construction, and delivery. You will own the financial and growth targets for your pursuits and partner closely with equity partners, consultants, and our construction, asset management, and property management teams to deliver communities we are proud of.

JOB DESCRIPTION

• Source and manage a pipeline of development opportunities for your region, from initial concept through completion.
• Lead land due diligence and turn your findings into clear recommendations on risks and returns.
• Build detailed pro formas, financial models and pursuit budgets, and present investment memorandums to our Investment Committee.
• Issue LOIs and support negotiation of purchase and sale agreements, ensuring compliance with venture and loan documents.

• Direct third-party consultants through concept, design, and building plans, ensuring they align with the approved scope.

• Manage the development budget, review monthly draws, and flag potential savings or overages early.
• Track progress through the Development and Construction Status Report (DCSR) process, and surface anything that could affect closing or the schedule.

• Keep equity partners and executive leaders informed on schedule, budget, and issues, and respond quickly to their questions.
• Recommend improvements or upgrades to equity partners based on current market comps and design.
• Build relationships with brokers, institutional and equity partners, lenders, and property owners.

Qualifications

• 5+ years of experience in real estate development, including oversight of the full project lifecycle from conception through completion.
• Bachelor’s degree in Finance, Business, Real Estate, Economics, or a related field.
• Strong analytical and quantitative skills, with real estate underwriting and finance expertise.
• Knowledge of market dynamics in the region and a track record managing local community and political relationships.
• Excellent written and verbal communication and strong interpersonal skills.

#LI-KD1

The salary range for this position is $185,000 - $215,000.

Additional Compensation:

Many factors go into determining employee pay within the posted range including business requirements, prior experience, current skills and geographical location.

• Corporate Positions: In addition to the base salary, this role may be eligible to participate in a quarterly or annual bonus program based on individual and company performance.
• Onsite Property Positions: In addition to the base salary, this role may be eligible to participate in weekly, monthly, and/or quarterly bonus programs.

Robust Benefits Offered*:

• Competitive Medical, Dental, Vision, and Disability & Life insurance benefits. Low (free basic) employee Medical costs for employee-only coverage.
• Generous Paid Time off. All new hires start with 15 days of vacation, 4 personal days, 10 sick days, and 11 paid holidays. Plus your birthday off after 1 year of service! Additional vacation accrued with tenure.
• For onsite team members, onsite housing discount at Greystar-managed communities are available subject to discount and unit availability.
• 6-Week Paid Sabbatical after 10 years of service (and every 5 years thereafter).
• 401(k) with Company Match up to 6% of pay after 6 months of service.
• Paid Parental Leave and lifetime Fertility Benefit reimbursement up to $10,000 (includes adoption or surrogacy).
• Employee Assistance Program.
• Critical Illness, Accident, Hospital Indemnity, Pet Insurance and Legal Plans.
• Charitable giving program and benefits.

*Benefits offered for full-time employees. For Union and Prevailing Wage roles, compensation and benefits may vary from the listed information above due to Collective Bargaining Agreements and/or local governing authority.

Greystar will consider for employment qualified applicants with arrest and conviction records.

Greystar is an equal opportunity employer and does not discriminate in employment on the basis of race, color, religion, sex (including pregnancy, sexual orientation, and gender identity), national origin, age, disability, genetic information, military or veteran status, or any other characteristic protected by applicable law.

Important Notice: Greystar will never request your banking details or other sensitive personal information during the interview process. Greystar does not conduct any interviews via text or messaging, and all communication will come from official Greystar email addresses (@greystar.com). If you receive suspicious requests, please report them immediately to [email protected].