Multifamily Development and/or Acquisitions

HPI Real Estate Services & Investments•West Lake Hills, TX

37d•Onsite

About The Position

We are a full-service Texas based and nationally focused commercial real estate firm with over 30 years of development, investment and management experience. This 360-degree perspective gives us the expertise to maximize investment value while navigating through any real estate challenge. Backed by the best staff in the industry, our mission is to build trusting relationships with our clients through proven results, professional integrity, and exceptional service. Over our history, HPI has built and acquired more than $3.3 billion of real estate, encompassing 25 million square feet of office, industrial, storage, senior housing, retail, and multifamily properties. We build trust with our investors and clients one square foot at a time. We currently have multifamily development projects in multiple markets at various stages of design and construction, including market-rate, active adult, and build-to-rent (BTR) in suburban and urban locations. We operate as a lean, high-performance team, where each person has meaningful responsibility and direct exposure to senior leadership. This role’s primary focus initially is on sourcing multifamily development and/or acquisition opportunities in high-growth markets. The successful candidate will identify markets, build relationships, and generate deal flow. Once a deal is sourced, this person will lead and manage the execution, quarterbacking the process through underwriting, due diligence, LOI and contract negotiation, zoning and title review, design, entitlements, consultant management, construction oversight, and asset management, in partnership with senior leadership. The level for this role is flexible—from Associate up to VP—depending on experience and a proven track record of sourcing and executing deals. This position reports directly to Tim Shaughnessy, HPI Partner and Multifamily President.

Requirements

Bachelor’s degree required; MBA or Master’s in Real Estate is preferred but not required.
Minimum 3+ years of multifamily experience in development or acquisitions (both preferred).
Full-cycle experience in either: - Multifamily development: taking a project from sourcing through construction and stabilization, or - Multifamily acquisitions: taking a deal from sourcing through underwriting, closing, and operations
Proven track record of sourcing and executing multifamily deals across multiple markets.
Strong Excel financial modeling, underwriting, and ad-hoc analysis skills.
Strong proficiency with Excel, Word, and PowerPoint
Strong written and verbal communication skills, with the ability to work effectively with internal teams and external partners, including accountants, consultants, brokers, municipalities, general contractors, lenders, investors, and property management.
Highly organized and process-oriented, with strong project management skills and the ability to manage multiple deals across different markets simultaneously.
Ability to travel moderately for site visits, meetings, and project oversight.

Nice To Haves

Advanced knowledge of integrating GIS, PowerBI, and artificial intelligence systems preferred

Responsibilities

Source multifamily development opportunities and/or acquisitions in high-growth markets.
Build and maintain strong relationships with brokers, landowners, consultants, municipalities, and other key market contacts.
Identify and evaluate new markets and submarkets with strong fundamentals.
Generate consistent deal flow and maintain a strong pipeline of opportunities.
Conduct market and submarket analysis, including rent comps, operating and development cost assumptions, and competitive pipeline analysis to support underwriting and site/deal selection.
Conduct underwriting and financial analysis for potential development and/or acquisition deals.
Prepare materials and present opportunities to senior leadership for approval.
Lead deals through underwriting, LOI and contract negotiation, due diligence (including zoning and title review), design, entitlements, and closing.
Coordinate and manage third-party consultants
Oversee schedules and budgets to ensure projects remain on track.
Support coordination with lenders and investors, providing materials and analyses.
Serve as the owner's representative during construction and oversee draw process
Set rents and leasing strategies and approve 3rd party property manager budgets
Track actual performance vs. pro forma, identifying variances and recommending adjustments.