Development Director (Multifamily Construction Projects)

Development Director | Bellevue, WA

About American Capital Group

Founded in Bellevue, Washington in 1987, American Capital Group stands proud as a leader in real estate development. With over three decades of dedicated service, our expertise shines in the realm of multifamily community development. To date, we have crafted over 100 multifamily properties across twelve states, managing 25+ of these properties in four Western states.

Our success stems from our comprehensive approach. We handle every aspect of real estate development in-house, encompassing Acquisitions, Development, Architectural Design and Engineering, Construction Management, Property Management, and Asset Management. This integrated strategy has solidified our position as an industry trailblazer.

For a deeper insight into our journey and achievements, we invite you to explore our website.

https://www.acg.com

 

Position Overview 

• Schedule – Monday through Friday 7am to 4pm- Flexibility to work additional hours may be required to meet company/project needs.
• On-Site Requirement: This position requires physical presence at our corporate office during office hours.
• Compensation Package–
  • $165,000 to $170,000 / year
  • Bonus Incentives include: per project basis.
  • Other compensation may include profit sharing

*The above compensation is a range. Offers are made based upon a candidate’s experience and the geographical location of this position. 

 

What We Offer

• Competitive starting wages (listed above).
• A company-wide commitment to diversity and inclusion.
• A positive work environment where employee’s contributions are valued.
• A fun culture with team building activities and events.
• Competitive medical, dental, and vision benefits. Employer pays 85% of employee’s premium.
• 401k contribution opportunity with an annual company match.
• Paid sick leave accrual equivalent to 1.33 hours for every 30 hours worked (~11 days per year).
• Paid vacation starting at three weeks and increasing with tenure.
• 14 paid holidays, including 2 personal holidays of your choice.
• Comprehensive training programs and development opportunities.

 

What We’re Looking For

• A bachelor's degree in a relevant field such as Real Estate Development, Urban Planning, Architecture, Civil Engineering, Construction Management, or related field is required.
• A minimum of 7 years of experience in multifamily development.
• Demonstrated expertise in all aspects of multifamily apartment development, including site acquisition, due diligence, entitlements, permitting, design, construction, and project management.
• As a Director, this role involves managing teams, overseeing projects, and collaborating with various stakeholders. Therefore, strong leadership and communication skills are essential.
• A deep understanding of the local real estate market and trends is vital for identifying opportunities and assessing market demand.
• Familiarity with zoning regulations, building codes, and other relevant laws governing multifamily development in the region of operation.
• Proven experience in successfully managing large-scale multifamily development projects from inception to construction completion.
• Established connections in the industry, including potential partners, contractors, architects, and other professionals relevant to the development process.
• The ability to think creatively, anticipate challenges, and propose innovative solutions to complex development issues.
• Demonstrates exceptional attention to detail and organizational abilities.
• Proficient in effective communication and teamwork.
• Maintains a positive outlook and embraces a collaborative team approach.
• Shows responsibility and takes pride in their work.
• Fluent in English, with strong reading, speaking, and writing skills.
• Proficient in Microsoft Office applications, including Excel, Word, and Outlook.

 

 

Your Role

Operational Tasks

• Review and understand applicable zoning codes and design guidelines.
• Review and understand applicable building codes and future changes to the code. Understand the effects of any future changes.
• Review and orchestrate the approved schedules with our design team architects, our construction team, outside consultants and municipal agencies.
• Orchestrate site plan submittal packages and approval process with all applicable jurisdictions and agencies.
• Orchestrate grading, wet utility, composite dry utility and building permit applications and approvals with special attention paid to separate approving agencies such as water districts, sewer districts and power providers.
• Facilitate value engineering solutions and coordinate efforts between construction division (AHB) and our design division (ACG Design).
• Facilitate all required agreements, including but not limited to bonds, easements, land dedications, shared-use and maintenance agreements.
• Prepare for and attend neighborhood and public hearings as required.
• Review plans and make recommendations for changes that may lead to time and/or cost savings.
• Ability to simultaneously manage multiple projects in different stages of the development process.
• Implement procedures and requirements to provide weekly meetings and reporting, which includes tracking of all RFI’s, submittals, ASI’s, Owner Directives, Project Budget, Buyout, Change Orders (executed, pending, forecasted).
• Create a detailed work plan which identifies and confirms sequences of all activities needed to successfully complete the project. The project team will provide all construction logistical planning.
• This role utilizes the construction logistic plan and creates an overall development plan to ensure all project goals are met.
• Schedule, lead and maintain notes for weekly OAC meetings. Distribute meeting minutes to VP of Construction and the EVP of Development within 24 hours of meeting occurrence.
• Schedule, lead and maintain all partnership meetings. Summarize meetings in report to VP of Construction, EVP of Development and the COO.
• Other duties as assigned by the EVP of Development or by other ACG Executives.
• Work hours are as needed to complete assigned tasks and shall include frequent travel within and out of State as required. Saturday work may be required depending on project needs as determined by the EVP of Development.
• Develop and implement a comprehensive development strategy for multifamily projects that aligns with the company's overall goals and growth objectives.
• Lead and oversee feasibility studies, financial analysis, and risk assessments to determine the viability and profitability of potential development projects.
• Manage the entire development lifecycle, including entitlements, design, construction, and lease-up/occupancy phases.
• Identify and address potential risks associated with development projects and implement strategies to mitigate them effectively.

Administrative Tasks

• Function as a strategic professional team member throughout the demographic, acquisition, development, and construction process.
• Prepare and maintain development files.
• Under supervision prepare development schedules and/or preliminary construction schedules.
• Create and maintain project development schedules as required.
• Prepare and maintain soft cost development budgets.
• Prepare scopes of work and “request for proposals” for all consultants.
• Prepare contracts with support information from a minimum of three consultants from each discipline.
• Complete bid spreads of all proposals for each discipline.
• Code invoices against the soft cost budget in accounting software for timely payment to consultants
• Track cost to complete against soft cost budget to ensure each line item is within budget

Quality Assurance

• Provides oversight to ensure that all work is being done properly, on time, and within the project construction budget.
• Review all project construction documents for accuracy, constructability and conformance with ACG Design, American Home Builders, American Capital Group (ACG), American Property Management (APM) standards and other requirements requested by the project partners, ACG Best Practices and all contract documents.
• Implement coordination review of all construction documents to identify historic conflicts and omissions to minimize delays and cost impacts to the project.
• Monitor the work of AHB field team for compliance with all current building codes as well as any other legal, jurisdictional, and/or regulatory requirements.
• Perform onsite inspections to ensure the project design and any approval conditions mandated by local jurisdictional authorities are being met.  Complete site inspection and observations for distribution to American Home Builders.
• Ensure all construction as activities adhere to current plans and specifications inclusive of all changes through approved RFI’s, ASI‘s, Directives, and Submittals.
• Ensure Quality Control measures are being implemented and adhered to.
• Monitor the project as a safe workplace by ensuring compliance with all local, state, and federal safety standards and company policies, reporting any concerns to the EVP of Development, the VP of Construction and the AHBI HSE Manager.
• Responsible for Quality Control review prior to Owner acceptance walks by APM.

Communication & Coordination

• Establish and maintain positive professional working relationships with in house design team, investment partners, lenders, third-party inspectors, public agencies, general public and consultants to ensure successful project completion.
• Coordinate with the field team to assess and determine the resources required to complete the project to not impact the project schedule. This includes identifying all long lead times for materials, manpower requirements for specialized trades, material shortages, and or specialty items. Review the construction schedule weekly and report to VP of Construction and the EVP of Development if any potential issues arise.
• Coordination with the field team to meet or exceed turn-over schedule and report on the status and projected schedule is required. The goal is for the Owner walks to provide acceptance, not punch lists.

The responsibilities above are not all-inclusive.

 

Our Mission & Culture

At American Capital Group, “Our mission is to be an innovator and leader in multifamily housing solutions.” To fulfill this mission, we prioritize respect, collaboration, integrity, and transparency. These core principles guide our interactions and decisions, creating a work environment where every voice is heard and valued.

We understand that our employees are the cornerstone of our success, and we foster a culture that encourages teamwork and open communication. Our commitment to integrity and transparency not only shapes the way we do business but also how we support and appreciate our dedicated team members. By nurturing these values and striving to innovate in multifamily housing, we create a stronger, more successful company where everyone has the opportunity to thrive.

 

 

Candidate Screening & Interview Process

We encourage all qualified applicants to apply for this position. Candidates should be prepared to complete an online assessment test. After submitting your application, you may be invited to take part in a preliminary virtual interview conducted by a member of our Human Resources team. Those who advance will participate in additional virtual and/or on-site interviews with the Hiring Manager(s).

 

Background Checks and Screenings

Candidates should be prepared to undergo a background check and complete a 4-panel drug screening. Depending on the position, the background check may involve professional reference checks, credit checks, county and nationwide criminal history reviews, social media screenings, as well as education, certification, and employment verifications.

 

WE ARE AN EQUAL OPPORTUNITY EMPLOYER & AFFIRMATIVE ACTION EMPLOYER

We are a proud Equal Opportunity Employer and are dedicated to fostering an inclusive workplace. We celebrate diversity and are committed to creating an environment where all employees are respected, treated fairly, and given equal opportunities to thrive. We encourage applicants of all races, colors, religions, genders, sexual orientations, gender identities or expressions, national origins, ages, disabilities, veteran status, and all other characteristics to apply. Our commitment to equality, respect, and inclusivity means we strive to reflect the communities we serve and welcome the unique contributions that come from diverse perspectives.