Managing Director, Colorado Properties

Location

Denver, CO

Qualifications

OUR MISSION

We create attainable housing so that our children, and grandchildren, can live and prosper where we do. Collaborating with property owners, investment partners, municipalities, And local communities, we repurpose under-utilized commercial property. To a vital residential use, bringing new life, new energy and renewed Economic opportunity to the communities in which we work.

https://www.thetruelifecompanies.com/news

We recently produced a video that captures this mission and gives a little insight into how we approach homebuilding. I encourage you to check out this brief video

https://vimeo.com/771367659/95e40bb3dd

HBFA / TTLC Company Culture here is taken seriously every day.

We use a data analytical approach in addition to the normal culture practices

“The Culture Think Tank Method” (www.theculturethinktank.com) At our firm we believe in assessments from Predictive Index in finding the right candidate for our team. This is in addition to face-to-face interviews and in some cases video chat interviews. People are the heart of our business, hire the right people, inspire their best work, design our dream team, and sustain engagement for our “Forever Company “

Personal Commitment to Our Team and CORE VALUES:

Homes Built for America / The True Life Companies requires dedication to our Mission and commitment to the Company’s Five Core Values:

• Surround The Firm with Fortune Hunters
• Partnership Driven Period
• Good Enough Never Is
• Creating Wealth and Using It To Make The World A Better Place
• Follow Through To Conclusion

Our recruitment and selection process ensures each team member represents the best-in-class talent, experience and integrity as PARTNERS to further the Company’s Mission and fulfills our Promise, BUILT FOR AMERICA.

IN OFFICE POSITION LOCATED in DENVER, CO.

Position Title: Managing Director, Colorado Properties

Reports To: Senior Managing Director

Department: True Life Real Estate Investments (“TLREI”)

FLSA Status: Exempt

Employment Status: Full Time

Last Updated: March 2023

Managing Director Job Purpose: Under the direct supervision of the Senior Managing Director, the Managing Director will be responsible for the identification, evaluation, pre-qualification of deal flow opportunities for for-sale residential to include underwriting of candidate acquisitions, organization and management of due diligence processes and successful acquisition of land investments for TLREI.  Responsibilities also include residential project approvals and entitlements and the successful disposition to top national and regional home builders. 

Primary Responsibilities:

• Manages and directs the full budget for TLREI within the Colorado Market
• Directs the sourcing and identification of potential residential acquisition opportunities to create a consistent and growing acquisitions pipeline in accordance with the TLREI’s targeted acquisitions parameters
• Directs the development and maintenance of a network of land acquisition opportunity sources including, but not limited to brokers, property owners, home builders, appraisers, attorneys, special servicers, and other industry professionals
• Builds effective relationships with local representatives in the marketplace to include national and regional home builders.
• Oversees and evaluates the quantitative and qualitative analysis of each investment and determines the feasibilities of the potential transaction
• Interacts with TLREI analysts, reviews cash flow models, operating statements, and other financial reports to determine investment returns, potential risks and risk related sensitivities
• Directs the market research and due diligence process to understand key value and risk drivers and determines market feasibility including, but not limited to: lease and sale comparables, supply and demand factors, absorption trends, demographics, and growth and competitive analysis
• Directs all aspects of preliminary investment research and physical due diligence
• Conducts site drives to fully understand each asset being underwritten, the local real estate market, and competitive properties
• Ensures transactions are consistent with TLREI’s investment mandates
• Provides a business plan for each investment and ultimate recommendations to the Investment Committee
• Directs negotiations and deal structuring of potential transactions
• Negotiates offers for direct and joint venture investment, Purchase and Sale Agreements, and closing documentation
• Directs coordination with other departments to ensure proper and timely execution of the business plan for each investment
• Develops investment strategy, value-add initiatives, and makes disposition recommendations
• Provides regular updates and presentations to other Managing Directors and Investment Committee regarding the status of potential acquisition properties
• Leads and facilitates effective project meetings with third party consultants and principals on an as needed basis
• Manages and adapts to change and conflict and ensures projects are completed within established scope, schedule, and budget
• Manages the Denver Property Team personnel as needed.
• Other duties as assigned

Skills, Qualifications, Knowledge Requirements: 

• Proven success navigating through unique obstacles inherent in the land acquisition, management and disposition processes
• Experience managing complex projects in a multitude of environments
• Strong organizational skills that reflect an ability to perform and prioritize multiple tasks seamlessly and with excellent attention to detail
• Excellent interpersonal skills with the ability to build relationships with stakeholders, including staff, external partners and investors
• Demonstrated proactive approaches to problem-solving with strong decision making capability
• Highly resourceful team-player with the ability to also be independently effective
• Demonstrated ability to achieve high performance goals and meet deadlines in a fast paced environment

• Innovative thinker, who actively seeks opportunities to improve performance and proposes solutions
• Capacity to motivate, lead, and boost morale of teams

Experience/Education:

• A Bachelor’s degree in Civil Engineering, Architecture, Urban planning or Business preferred
• Masters in Business Administration or Real Estate Development is a plus
• Minimum 10 years of dedicated experience in financial modeling, land development, residential construction, single and/or multi-family land acquisitions, and/or land planning and development

• Proficient in Microsoft Office (Outlook, Word, Excel, and Power Point), Adobe Acrobat, Windows Operating Systems, and social media web platforms, with the ability to quickly adapt to changing technology environments

Personal Commitment to Our Team and CORE VALUES:

The True Life Companies requires dedication to our Mission and commitment to the Company’s Core Values:

• Surround The Firm With Fortune Hunters
• Partnership Driven Period
• Good Enough Never Is
• Creating Wealth And Using It To Make The World A Better Place
• Follow Through To Conclusion

Physical Demands and Work Environment

The physical demands described below are representative of those that must be met by an employee to successfully perform the essential functions of this position. Reasonable accommodations may be made to enable individuals with disabilities to perform the functions.

While performing the duties of this position, the employee is regularly required to talk or hear. The employee frequently is required to use hands or fingers, handle, or feel objects, tools or controls. The employee is occasionally required to stand; walk; sit; reach with hands and arms; climb or balance; and stoop, kneel, crouch, or crawl.

The employee must occasionally lift and/or move up to 35 pounds. Specific vision abilities required by this position include close vision, distance vision, color vision, peripheral vision, and the ability to adjust focus. The position also requires prolonged work at a computer station.

The noise level is general moderate.                                                                    

BENEFITS:

• Aetna Medical (costs are shared), Flexible Spending Account,Health Spending Account available
• 85% ER (employer covered/employee only)/65% ER coverage for dependents
• Dental, Vision - Employee cost
• Basic Life Insurance up to $50,000.00, Accidental Death & Dismemberment - Employer cost
• Short-Term Disability, Long-Term Disability - Employer cost
• 401K through Empower – company matches up to 4% employee contribution
• PTO / Vacation – First year earns 10 days; Years 2 & 3 earns 12 days; Year 4 earns 15 days; Years 5-9 earns 20 days; Years 10+ earns 25 days
• Sick Leave – 48 hours annually (can be used as PTO)
• Corporate Wellness Program- allowed to expense up to $100.00 monthly towards improving your physical health. (Examples: gym membership, ski pass, dance classes, yoga, sports/recreational activities, massage/aromatherapy, wellness coaching, mobile IV, vitamins, etc.) Non-covered activities include salon or beauty services/products, golf, concerts, etc.
• Professional Development Program - allowed to expense up to $2,500.00 annually towards improving education in your career (after 90 days of employment.)
• Dress for Success Program - $750 annually per associate for professional clothing (after 90 days of employment.)

Salary Range

$150,000-$225,000