Crescent Communities is a nationally recognized, market-leading real estate investor, developer, and operator of mixed-use "communities." We create high-quality, differentiated multifamily and commercial communities in many of the fastest growing markets in the United States. Since 1963, our development portfolio has included more than 85 multifamily communities and 24 million square feet of commercial space. Crescent Communities has offices in Charlotte, DC, Atlanta, Orlando, Nashville, Dallas, Denver, and Phoenix. Our multifamily communities are branded NOVEL, RENDER and HARMON by Crescent Communities, our industrial developments are branded AXIAL by Crescent Communities, and our life science developments are branded THE YIELD by Crescent Communities.

JOB SUMMARY

The position will oversee all aspects of Crescent Communities investments in multifamily developments in Texas, with a core focus on the Dallas-Fort Worth and Austin markets, but also responsible for establishing the firm’s strategy and business in Houston and San Antonio, as appropriate. The role reports to the Executive Managing Director of Multifamily.

ESSENTIAL FUNCTIONS

• Drive the continuous growth of profitable multifamily development in Texas, including establishing annual and long-term goals for development production within the region and by market.

• Develop and maintain relationships in the Texas markets with key brokers, debt and equity providers, architects and engineers, land sellers, commercial developers and other stakeholders critical to market knowledge and investment opportunities.

• Source and lead the underwriting of new investment opportunities in Texas markets, thoughtfully creating the business plans for profitable developments.

• Assist with the creation of the annual business plan, projecting new Texas developments, capital requirements, income and G&A expenses for the region.

• Through personal execution and – with the growth of the region – via team leadership, ensure proper due diligence, entitlement, risk mitigation, design, etc. for new developments, owning the full life cycle of a new development.

• Drawings upon the MD’s own professional experience, build and provide leadership / mentorship for the Texas team, supporting their individual professional growth in the areas such as:

- Executing quality, profitable product

- Making major investment decisions relating to diligence, entitlements, design, construction, operations and dispositions.

- Communication, collaboration and representation within the market

• Forecast and collaborate with the team to ensure the region has the talent and human resources required to execute the near- and long-term business plans.

• Ensure the regional team knows and embodies Crescent’s values and vision.

• Collaborate with the team – including Crescent’s Capital Markets resources – to maintain and expand our investment and lending relationships.

• Ensure the region meets development and investment expectations and communicates issues and opportunities to Senior Leadership as well as the Board appropriately: including timely, accurate and compelling presentations to the Investment Committee.

• Help identify and develop solutions or mitigants for risks within the Texas investments and development platform.

• Actively engage in Crescent’s Multifamily Investment Committee, ensuring Texas investments are well-prepared for presentation as well as providing valuable feedback for East Region investments.

• As an executive leader within Crescent’s Multifamily team, support the continued evolution of the multifamily investment strategy, collaborating with Multifamily and Crescent’s Senior Leadership Team.

• Ensure the Texas team collaborates with Crescent’s Commercial (office, industrial and life-sciences) and Build-to-Rent Residential businesses to foster growth for the entire company.

JOB REQUIREMENTS AND QUALIFICATIONS

Minimum:

• Proven record of sourcing and executing multifamily developments

• Demonstrated leadership skills managing employees and third-party partners

• Bachelor’s degree in business, finance, real estate development, or related field

• 10 years minimum experience acquiring/developing multifamily projects

PHYSICAL DEMANDS

• Communicate and converse to exchange information
• Ability to operate a computer keyboard, phone, calculator and other office equipment with or without accommodations.
• Seeing to read a variety of materials
• Must be able to remain in a stationary position for extended periods of time.
• Must be able to transport 10-25 lbs. (computer, files, etc.)
• Move about the office to access file cabinets, office machinery, etc.
• Ability to work under stressful, fast-paced conditions

BENEFITS

We offer a full benefits package starting day one that includes health, dental, vision, paid time off, paid holidays, 401k plan, paid STD/LTD, parental leave, charitable match, wellness subsidy, community involvement, summer hours, education reimbursement, employee assistance program, hybrid flexible schedules and much more! 

WORK ENVIRONMENT

• Professional office environment 
• Flexible working hours are M-F, 8:00am – 5:00pm (alternate schedule may apply). 
• Must have reliable transportation 

 OTHER DEMANDS

• Ability to travel to field locations and stay overnight, if required 

DISCLAIMER/OTHER DUTIES

This document describes the position currently available and serves only as a summary of the typical functions of the job.  It is not an exhaustive or comprehensive list of all possible job responsibilities.  Tasks, responsibilities and duties of the jobholder may differ from those outlined.  Other duties, as assigned might be part of the job.  It is not an employment contract.  Our company reserves the right to modify job duties or job descriptions at any time. 

Crescent Communities, LLC is an Equal Opportunity Employer

An equal opportunity employer, Crescent Communities treats each individual fairly in all employment decisions without regard to race, color, gender, religion, age, sex, gender identity, national origin, sexual orientation, veteran, disability or any other protected status by federal or local law.

Crescent Communities, LLC participates in E-Verify