Sunstone Properties Trust, LLC Hiring for Senior VP of Multifamily Construction Job at Westlake Village, CA Full Time

Overview

Sunstone Properties Trust, LLC (“Company”), a vertically integrated real estate operator, developer/contractor and fund manager focused on rental housing communities seeks a Senior Vice President of Multifamily Construction to be responsible for overseeing construction operations for the multifamily division. Projects will include value-add multifamily projects, rehabilitation of distressed multifamily projects and ground-up development. The VP of Multifamily Construction will be responsible for providing leadership and oversight to execute all projects on time and on budget with quality workmanship. The VP of Multifamily Construction will also be responsible for developing and maintaining a trusted and capable network of contractors, subcontractors, independent contractors, superintendents, and suppliers in each active market.

Job Description

Responsibilities will include, but are not limited to, the following:

Develop and execute budget and schedule.

• Work closely with the acquisition and asset management teams to develop a scope of work, schedule and budget for each multifamily investment project aimed to maximize the value of each investment.
• Execute onsite due diligence of potential acquisitions and properties in the portfolio to identify any critical physical impairments, deferred maintenance and opportunities to create value.
• Review actual performance of budget and schedule versus the initial plan and identify solutions for optimum execution of construction plans.
• Manage permit process, inspections and notices by governing agencies.
• Be creative and entrepreneurial to identify and resolve issues, value engineer and control costs.
• Lead design efforts.

Development

• Provide oversight and leadership to internal and third-party engineers, architects, project managers and contractors.
• Review and approve all plans, renderings and designs.
• Communicate with government agencies throughout the design and pre-permitting process through certificate of occupancy.

Procurement and Supply Chain

• Develop and manage relationships with vendors and negotiate pricing.
• Manage the availability of supplies and timing of delivery.
• Oversee material usage and variances to budget.
• Oversee accounts payable related to material and labor.

People Management

• Manage and support onsite project superintendents.
• Work closely with the onsite property management team, project superintendent and asset manager to execute construction plans and resolve certain operational issues that involve buildings and facilities.
• Develop and maintain good working relationships with contractors, vendors and design partners.
• Lead team members to achieve performance goals and company objectives.
• Deliver ongoing feedback, direction and guidance to ensure a motivated and productive team.
• Visit projects in construction as often as every other week.
• Interface and communicate with executive management.

Strategy

• Develop and build the multifamily construction division with a focus on ability to scale and efficiency and building the right team.
• Be forward thinking and proactive in achieving business plans and mitigating risk.
• Work closely with executive management to develop strategic plans to achieve company objectives.

Regular travel is required.

The Ideal Candidate

• Bachelor’s degree from a four-year university/college
• A minimum of 7 years of multifamily construction experience with at least 3 years of leadership experience.
• Proven success in organizing, managing and operating multiple construction projects and teams.
• Experience in procuring material, negotiating contracts and pricing and building and managing budgets.
• Excellent interpersonal skills with strong verbal and written communication skills.
• Proficient in Microsoft Word, Excel and Outlook.
• Strong leadership skills and ability to develop, train and motivate.
• Highly self-motivated with integrity and resilience.
• Resourceful and tenacious.
• Sound judgment and ability to solve problems.
• Fluent in Spanish.

For additional information regarding Sunstone, go to the company website at www.sunstonept.com.

Job Type: Full-time

Pay: $125,000.00 – $250,000.00 per year

Benefits:

• 401(k)
• 401(k) matching
• Health insurance

Schedule:

• Monday to Friday

Supplemental pay types:

• Bonus pay

Work Location: One location