Managing Director, Colorado Properties

Find Your Greater Purpose at The True Life Companies!

OUR MISSION

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

Interested in learning more about our mission? This video gives valuable insight into our unique approach to homebuilding. https://vimeo.com/771367659/95e40bb3dd

Using a data analytical approach in addition to our daily culture practices, we believe Predictive Index personality assessments can be useful in selecting the right candidate for our team. Our ideal colleague will uphold our 5 Core Values and personal commitment to the team daily:

• 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.

Help Us Create A Better Future For Generations to Come!

Please note this job is ONSITE, IN OFFICE, 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

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.)