Who is Subtext?
Subtext is a leading real estate company specializing in multifamily and student housing, with more than $2.1B in properties developed across the country. We are dedicated to creating value through innovative and sustainable developments that cater to the evolving needs of today’s renters. Our team is passionate about enhancing communities and providing exceptional living experiences for our residents. We are seeking a passionate and hardworking individual to help execute our mission of delivering a best-in-class resident experience. This is a unique opportunity for a self-motivated and driven individual to join a dynamic development company and make significant contributions to our ambitious growth plan.
What’s the Day-to-Day?
The Development Manager executes development projects by managing all facets and activities from inception to stabilization. The ability to effectively work with land sellers, manage the due diligence process, work with governmental agencies through entitlements, oversee consultants through the design development process, ensure risks are addressed and mitigated prior to closing and oversee/facilitate closing of land and capital. Applicants must be self-motivated, passionate about doing things the right way, detail-oriented, persistent, and able to take a step back and look at the project from an owner’s perspective. Applicants must have dynamic verbal and written communication skills and strong interpersonal abilities.
What’s Expected?
- Lead the day-to-day management across all phases of development, from concept to stabilization, on institutional, mixed-use projects.
- Review and negotiate general legal documents, including letters of intent, purchase and sale agreements, leases, consultant contracts, loan documents and joint venture agreements.
- Manage project underwriting, including unit mix, development budget and cash flow projections.
- Ensure due diligence is complete and risks/issues are identified, documented, and mitigated.
- Manage projects through zoning and other governmental approvals processes, including presentation at public hearings.
- Oversee internal and external design teams to ensure design is consistent with company standards and brand design intent.
- Provide clear direction and oversight to all entities involved to successfully complete projects on time and on budget: architects, designers, engineers, planners, consultants, vendors, and other entities involved.
- Present to internal executive leadership, project partners and governmental boards/agencies as needed.
- Reports directly to the EVP of Development.
What’s Required?
- Bachelor’s degree from an accredited college or university with a focus in Business, Real Estate, Engineering, Law, or related discipline is required. Graduate degree or graduate student is preferred.
- A minimum of 5 years prior multifamily and/or student housing development experience.
- Excellent communication and presentation skills.
- Ability to work independently and react quickly in a demanding, fast-paced environment.
- Ability to interact with various officials, consultants, and community groups.
- Strong problem-solving skills, creative thinking and solid organizational and leadership skills.
- Entrepreneurial and self-motivated, with the ability to manage a team.
- Ability to manage multiple projects, balance priorities and meet deadlines.
- Strong working knowledge of MS Office Suite.
- Travel 5-10 days a month is required.
Job Type: Full – Time
What are the Details?
Subtext offers a competitive compensation package with great salaries, paid time off, 401(k), sabbatical and paid holidays. Employer pays 100% of employee premiums for medical, dental, and vision insurance. Laptop & Cell Phone Allowance is also provided.
Where’s the Office?
Subtext’s corporate office is in Saint Louis, Missouri. Relocation to the Greater Saint Louis area is required.
