Executive Director for Real Estate Development

5 days ago

Chapel Hill, United States InsideHigherEd Full time
Department:

AVC Real Estate Development-211000

Career Area :

Other

Posting Open Date:

12/12/2024

Application Deadline:

01/10/2025

Open Until Filled:

No

Position Type:

Permanent Staff (EHRA NF)

Working Title:

Executive Director for Real Estate Development

Appointment Type:

EHRA Non-Faculty

Position Number:

20068485

Vacancy ID:

NF0008743

Full Time/Part Time:

Full-Time Permanent

FTE:

1

Hours per week:

40

Position Location:

North Carolina, US

Proposed Start Date:

02/03/2025

Be a Tar Heel:

A global higher education leader in innovative teaching, research and public service, the University of North Carolina at Chapel Hill consistently ranks as one of the nation’s top public universities. Known for its beautiful campus, world-class medical care, commitment to the arts and top athletic programs, Carolina is an ideal place to teach, work and learn.One of the best college towns and best places to live in the United States, Chapel Hill has diverse social, cultural, recreation and professional opportunities that span the campus and community.University employees can choose from a wide range of professional training opportunities for career growth, skill development and lifelong learning and enjoy exclusive perks for numerous retail, restaurant and performing arts discounts, savings on local child care centers and special rates on select campus events. UNC-Chapel Hill offers full-time employees a comprehensive benefits package, paid leave, and a variety of health, life and retirement plans and additional programs that support a healthy work/life balance.

Primary Purpose of Organizational Unit:

UNC Real Estate Operations, including the UNC Property Office, manages real estate and property on behalf of the University, the Foundation, and the Endowment. These transactions include acquisitions and dispositions of real property by lease, purchase, sale, exchange, gift, easement or user agreement. The Property Office manages and leases office and retail properties owned by the Endowment and Foundation as well as residential rental properties owned by the State.

Position Summary:

The Executive Director (ED) of Real Estate Development leads the planning and development efforts for Carolina North, a 134-acre site located approximately one mile from the main campus. The ED will lead the master planning effort for the first phase of development that will potentially include a new sports facility, mixed-use commercial development, academic expansion and a broad range of housing, including students (undergraduate and graduate) and faculty, staff, and broader community, with an emphasis on workforce housing. This position will report to the Associate Vice Chancellor for Real Estate and Campus Enterprises and will work closely and collaborate with the Vice Chancellor for Finance and Operations, the Associate Vice Chancellor for Facilities Services, and other senior leadership within the university.

The ED will be responsible for all phases of Carolina North, from master planning through project completion and occupancy. The ED will work closely with the Campus Architect and planning consultants to establish a master plan that supports the university’s program requirements at Carolina North and develop an implementation plan for pre-development efforts, such as entitlement and permitting efforts, and include interacting with government officials, establishing utility and infrastructure requirements, and coordination with key external stakeholders.

This position will manage all phases of commercial development projects; oversee entitlement process and represent the University with regulatory entities; and establish project pro formas, budgets, and schedules.

Minimum Education and Experience Requirements:

Relevant post-Baccalaureate degree required (or foreign degree equivalent) with three years or greater of related professional experience; for candidates demonstrating comparable professional backgrounds, will accept a relevant Bachelor’s degree (or foreign degree equivalent) and five years or greater of relevant experience in substitution.

Required Qualifications, Competencies, and Experience:

* Bachelor’s Degree in real estate, business and/or economics/finance, architecture or urban planning, construction or related major.
* Minimum of 10 years work experience in real estate development, including experience directly leading complex mixed-use design and construction projects.
* Significant experience conceptualizing, site planning, programming and executing development of mixed-use, office, retail and multi-family projects.
* Strong financial analysis skills, including demonstrated ability to analyze and influence complex financial models and structures with an understanding of corresponding risks.
* Strong communication, presentation, and listening abilities, and aptitude for effectively navigating internal and external processes.
* Effective interpersonal skills, social and emotional intelligence, and political acumen to operate in a highly dynamic environment.
* Self-starter with the ability to establish both project and personal priorities in an organized manner for successful day-to-day and long-term planning efforts.
* Proficient in Microsoft Office, Microsoft Project, Excel and Word.

Preferred Qualifications, Competencies, and Experience:

Master of Real Estate Development (MRED) or MBA preferred.

Experience in direct oversight of active mixed-use retail, entertainment and/or live event venue ground-up construction projects is strongly preferred.

Demonstrated knowledge of the market dynamics, local customs, real estate values, and third-party relationships in the Southeast region.

Special Physical/Mental Requirements:

N/A

Campus Security Authority Responsibilities:

Not Applicable.

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