Macdonald & Company are proudly partnered with a Commercial and Multifamily investor and developer in Salt Lake City, UT to appoint a Managing Director of Multifamily Development. The Company The firm are a well-capitalized family office who have been growing out a Multifamily ground-up development platform in recent years, diversifying from their historic roots in value-add investments across Office, Retail, Multifamily and other assets. The Role With the growth of a new platform, the company now require a leader to come onboard to help instill best-practice in Multifamily ground-up deal sourcing, execution, and delivery. There are 4 broad elements to this role, as follows: Leadership • Lead team of internal development professionals and external consultants in the refinement and execution of firm’s long-term multifamily strategy by harnessing a ‘player/coach’ mentality of leading from the front • Serve as a voting member of the Multifamily Development Investment Committee and manage multifamily platform with full P&L responsibility Deal Sourcing / Project Inception • Build the knowledge of potential development sites in the market while cultivating and leveraging relationships with property owners and the brokerage community • Develop extensive market expertise to understand trends, spot opportunities, and position the firm as a thought leader in multifamily development • Identify and pursue development opportunities and select acquisition opportunities that meet the firm's investment criteria • Conduct analysis of site quality and location, demographics, market demand, competition, and economic feasibility • Propose the appropriate unit mix, type, scope of amenities, target market, and achievable rents for the development • Negotiate purchase and sale agreements and oversee transaction closing process • Manage the entitlement process Finance • Lead the underwriting and presentation of opportunities to the Investment Committee for pursuit in accordance with approved budgets and business plans • Prepare equity and debt packages and serve as a key member of the team in pursuit of project capitalization Design, Construction, and Turnover • Identify and lead a best-in-class consultant and support team to achieve cost-effective design and construction execution optimized for site and project dynamics that stays on budget and schedule • Coordinate with construction and property management teams to establish realistic turnover schedules and lease-up budget and strategy • Work closely with company eadership to build out market-leading asset management and property management teams over time On Offer Competitive salary, annual bonus, promote/carried interest, profit share.