Development Manager

Our Company: 

Quarterra is a real estate investment and development company shaping the future of rental living through thoughtfully designed multifamily and single-family communities across the United States. We combine national scale with local expertise to deliver purpose-built, high-quality homes in the nation's most dynamic, high-growth markets. A key driver of our strategy is the continued growth of our Emblem portfolio, a collection of attainably priced communities that integrate efficient design, modern amenities, and strong investment fundamentals. These communities are strategically positioned to meet the evolving needs of today's renters while advancing Quarterra's vision for sustainable, resilient, and diversified housing solutions. At Quarterra, you'll join a collaborative, values-driven culture built on quality, integrity, communication, and teamwork. Bold ideas are encouraged, growth is prioritized, and every contribution helps shape the future of residential living. This is a place to build a meaningful career and make a lasting impact.

Summary of Position: 

The Development Manager will be responsible for executing all functions of development for multifamily and mixed-use real estate projects with a focus on planning, entitlement, financial analysis, and overall management of the development process from inception to stabilization. The Development Manager will be expected to work collaboratively, concurrently, and successfully with team members and manage multifaceted tasks for multiple projects.

 Principal Duties and Responsibilities:

• Oversee and implement all facets of the development process including project and operational budgeting, planning, design, entitlement, construction, and lease-up stabilization of the projects.
• Thoroughly review architectural and engineering plans to drive quality and cost effectiveness.
• Coordinate and manage designers/architects/engineers.
• Prepare, maintain, and monitor project budgets and prepare monthly project development reports.
• Prepare and maintain the financial projections, monthly draw requests and related analyses for the development and operation of the projects.
• Partner with the Managing Director, Senior Director, & Investment Associates to underwrite new development opportunities including assessing market-specific economic and demographic data, rental comparable information, construction cost estimates, local permit and fee costs and local supply and demand statistics.
• Work with the Investments team to prepare informational packages for the internal Investment committee as well as offering memoranda for equity partners and outside lenders.
• Provide leadership, direction and mentoring for other associates, as applicable.

Education and Experience Requirements:

• Bachelor's degree in real estate, Construction Management, Finance, Civil Engineering, Building Sciences, Humanities, or related field desired.
• MBA or master's degree preferred.
• 3-5 years of significant experience in real estate development (preferably with an emphasis on multifamily), land development and project management and the demonstrated ability to build and direct effective teams to manage major development projects.
• Deep knowledge and understanding of development and construction practices.
• Advanced Microsoft Office Suite experience (Excel, PowerPoint, Word).
• Effective written, verbal, and interpersonal communication. 
• Ability to manage several projects simultaneously.
• Ability to read drawings and plan sets.
• Strong work ethic and attention to detail. 

Physical Requirements:

This is primarily a sedentary office position which requires the Development Manager to have the ability to operate computer equipment, speak, hear, bend, stoop, reach, lift, and move and carry up to 25 lbs. Finger dexterity is necessary.  Occasional travel to active jobsites and potential new land sites may be required.   

This description outlines the basic responsibilities and requirements for the position noted. This is not a comprehensive listing of all job duties of the associate. Duties, responsibilities, and activities may change at any time with or without notice.