Managing Principal of Development, Lionstone Investments at Ameriprise Financial in Houston, Texas

Job Description:

We are seeking an experienced Managing Principal of Development to manage a fee development team through the design, construction, and execution of a best-in-class mixed-use development project in Austin, TX. The ideal candidate will have a proven track record in managing complex real estate projects, strong leadership skills, and a passion for creating world-class spaces. Additional responsibilities include evaluating operational performance against relevant industry benchmarks, analyzing capital investment decisions and how they impact value, and facilitate preparation of required reporting deliverables.

Key Responsibilities:

• Lead and direct the overall development strategy, ensuring alignment with business plan.




• Manage fee developers through initial concept through design, construction and openings.




• Implement and enforce high-quality standards throughout the development process to achieve a truly world-class outcome.




• Foster collaborative relationships with fee developers, architects, designers, contractors, and other key stakeholders.




• Effectively communicate project objectives and expectations to all team members, ensuring a cohesive and integrated approach.




• Engage with local authorities, community representatives, and regulatory bodies to navigate approvals and ensure compliance.




• Develop, analyze, and manage project budgets, ensuring financial objectives are met.




• Conduct financial feasibility studies and cost analyses to inform strategic decision-making.




• Implement cost-saving measures without compromising quality or project integrity.




• Assist in initial evaluation of third-party property managers, brokers and consultants to provide services for the assigned portfolio; Upon completion each development will be transitioned to Lionstone's asset management team.




• ESG oversight - Work with internal resources, property teams and consultants to devise and implement sustainable initiatives within the portfolio.




• Conduct thorough market research to inform decision-making and align the project with market demands. Stay abreast of industry trends, competitor activities, and demographic shifts to optimize project positioning.




• Navigate and secure necessary permits, approvals, and zoning requirements, ensuring compliance with local regulations. Monitor changes in legislation or regulatory frameworks that may impact the development, adapting strategies accordingly.




• Review periodic financial reporting and variance analyses; develop plans to course correct and adjust as needed. Assist in valuation reviews on a quarterly basis, including: reviewing team's work product, cash flow assumptions and review of appraisals.

Required Qualifications:

• Minimum 10 years of real estate development experience specific to new best in class mixed-use real estate projects.




• Demonstrated professional development experience in multiple real estate asset classes including office, multi-family, and retail.




• Demonstrated Team management and Leadership skills.




• Strong analytical, interpersonal, relationship management and written/oral communication skills.




• Ability to present detailed information and complex issues in a clear and concise manner.




• Strong Interpersonal skills with an ability to establish trust and interact with internal and external clients required.




• Proficiency in reviewing and analyzing cash flow forecasts, financial information, including experience/ familiarity with Argus, Excel and Word.




• Ability to travel.




• Unquestioned integrity and the highest ethical standards




• Commitment to excellence.

Preferred Qualifications:

• MBA or other advanced degree preferred.




• Knowledge of varying construction types.




• Familiarity with property management firms and leasing brokers in multiple asset classes (noted above).

About Our Company
We're a diversified financial services leader with more than $1 trillion in assets under management and administration. Our team of 20,000 people in more than 20 countries advise, manage and protect the assets and income of more than 2 million individual, small business and institutional clients. We are a long-standing leader in financial planning and advice, a global asset manager and an insurer. Our unwavering focus on our clients and strong financial foundation connects each of our unique businesses - Ameriprise Financial Services, Columbia Threadneedle Investments and RiverSource Insurance and Annuities. Here, we foster meaningful careers, invest in the future, and make a difference for clients, institutions and communities around the world.

Ameriprise Financial is an equal opportunity employer. We consider all qualified applicants without regard to race, color, religion, sex, national origin, genetic information, age, sexual orientation, citizenship, gender identity, disability, veteran status, marital status, family status or any other basis prohibited by law.

Full-Time/Part-Time

Full time

Exempt/Non-Exempt

Exempt

Job Family Group

Investment Management

Line of Business

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