Vice President, Multifamily Construction & Capital Projects

Omninet Capital•Dallas, TX

6d•$175,000 - $225,000•Onsite

About The Position

Omninet Capital is looking for a Vice President of Multifamily Construction & Capital Projects to own the planning, budgeting, execution, and oversight of all construction, capital expenditure, and renovation activity across our national multifamily portfolio —amenity and common-area upgrades, exterior and structural work, deferred maintenance, and value-add capital projects. This is a builder's role with an executive's mandate. You'll translate investment business plans into executable physical scope: underwriting CapEx at acquisition, directing value-add and renovation programs through closeout, controlling vendor spend through competitive bidding, and reporting capital plans and progress to executive leadership. You'll set scope, control budgets, hold vendors accountable, and walk our job sites — while building the repeatable systems and controls our growing, geographically distributed portfolio needs. Acting as the owner's representative, you'll protect asset value through strategic capital planning, construction management, risk mitigation, vendor management, due diligence, and insurance-claim oversight. The role is highly autonomous and works directly across executive leadership, acquisitions, asset management, property operations, legal, finance, insurance carriers, architects, engineers, consultants, and contractors — from acquisition through closeout. We're looking for someone who operates strategically without losing sight of the details.

Requirements

8-12 years in construction management, owner's representation, or capital-project management, with significant multifamily, residential renovation, value-add, capital-improvement, or TI experience.
A proven track record managing multiple projects across multiple properties, markets, or states simultaneously.
Demonstrated ownership of CapEx planning and renovation underwriting at portfolio scale, including acquisition due diligence.
Strong cost-estimating and budgeting skills; fluency in scope development, bid leveling, vendor negotiation, change orders, and project reporting.
Advanced Excel modeling and use of evolving AI tools — comfort building and maintaining analytical tools, not only consuming them.
The ability to read and interpret construction drawings, scopes of work, contracts, budgets, schedules, and inspection reports.
A sound understanding of construction law and contracts; the ability to assess building-condition and life-safety risk and prioritize capital accordingly.
Excellent communication skills across executives, property teams, accounting, purchasing, legal, vendors, and field personnel; strong judgment, urgency, follow-through, and an ownership mentality.
Willingness to travel regularly to our properties and project sites.

Nice To Haves

Private-equity / institutional real-estate experience, with familiarity for how CapEx flows into the investment underwriting model.
Insurance-restoration experience across fire, water, and catastrophic losses.
General-contractor licensure or an equivalent hands-on construction background.
Facility with lightweight technical tooling — web-based inspection apps, automated reporting, and AI-assisted estimating platforms.
Experience creating standardized scopes, finish packages, vendor programs, and renovation playbooks.
Familiarity with Yardi, MRI, Procore, Bluebeam, Microsoft Project, Excel, or similar construction / project management and accounting systems.

Responsibilities

Develop and own annual and multi-year (5-year) capital plans across the national portfolio, sizing and sequencing spend at both the asset and portfolio level.
Conduct property inspections and deferred-maintenance analysis; assess the remaining useful life of building systems and translate findings into prioritized, risk-ranked capital plans.
Lead reserve planning, capital prioritization, and cash-flow forecasting; advise ownership on whether to spend or defer capital based on hold periods and disposition strategy.
Build and maintain diligence and budgeting tooling — Excel workbooks and AI / web tools — with scenario toggles, line-item cost detail, and per-unit / per-door metrics.
Lead construction and CapEx diligence on acquisitions: site inspections, building- and unit-condition assessments, and deferred-maintenance evaluation.
Develop and validate scope, estimate costs, and underwrite renovation budgets that feed directly into the investment model.
Prepare executive summaries identifying major risks and capital exposure prior to acquisition; support the investment committee and purchase-price retrade negotiations.
Direct value-add, unit renovation, and capital projects from scope definition through closeout — on time, on budget, and to our quality standards.
Define standardized scopes of work, unit-turn specifications, and finish packages; manage execution against budget, schedule, and quality.
Conduct regular site visits to inspect progress, resolve issues, ensure quality, and hold contractors and vendors accountable.
Coordinate construction with onsite operations, leasing activity, resident communication, and property access to minimize resident impact.
Manage complex insurance restoration projects involving fire, water, storm, and catastrophic property events.
Coordinate with insurance carriers, public adjusters, restoration contractors, consultants, engineers, and legal counsel.
Negotiate scope, pricing, and settlements — including mediation and legal support — while protecting ownership interests and maximizing recovery.
Source, qualify, level, and award competitive bids across trades — GCs, subcontractors, roofing, building systems, landscaping, pools and amenities — normalizing scope across bidders to enable true apples-to-apples comparison.
Negotiate pricing and contracts; validate pricing and pursue value-engineering opportunities.
Manage contractor and consultant performance, address underperformance quickly and professionally, and resolve disputes.
Build and maintain a reliable vendor bench across key markets, along with architects, engineers, material suppliers, and specialty trades.
Prepare, manage, and track project budgets, cost forecasts, and capital-expenditure spend; report budget variances clearly.
Review change orders, pay applications, and invoices; approve capital draws and ensure accurate project coding.
Benchmark costs, identify savings, and apply value engineering and ROI analysis to drive cost-effective delivery.
Partner with accounting on project coding, invoice review, lien releases, contract compliance, and timely payment.
Identify and mitigate risk across life safety, code compliance, structural deficiencies, water intrusion, building-envelope failures, contractor defaults, schedule delays, litigation exposure, and warranty issues.
Ensure renovation and remediation scope addresses code and regulatory requirements, including municipal health-department and life-safety violations and ADA requirements.
Manage permitting and inspection processes and ensure compliance with local jurisdictions; develop mitigation strategies and communicate risks to executive leadership.
Build the systems that run the capital program: inspection and scope-capture tools, photo-validated unit-survey workflows, condition-reporting templates, and bid-comparison frameworks.
Develop and improve departmental infrastructure — project tracking, RAG dashboards, SOPs, vendor databases, budget templates, quality-control procedures, and documentation standards.
Standardize how field condition data is captured, validated, and rolled up into actionable capital decisions; implement technology and AI-assisted estimating to improve efficiency and reporting.
Produce portfolio-level capital summaries and asset-level condition reporting for the CEO and investment leadership.
Prepare executive reports including capital-project dashboards, budget and schedule updates, risk assessments, construction forecasts, deferred-maintenance reports, acquisition summaries, and insurance-claim updates.
Translate field-level findings into clear capital recommendations and present directly to executive and investment-committee audiences.
Recruit, hire, onboard, train, and mentor project managers and coordinators.
Build out the construction department itself — its people, processes, and standards — as the portfolio scales.