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Development Manager, Northeast Region

Brookfield Properties (USA) LLC Remote
manager brookfield logistics team management construction lead capital budgets due diligence manager assets real estate
June 19, 2023
Brookfield Properties (USA) LLC
1 Meadowlands Plaza Suite 802, East Rutherford
Location East Rutherford - 1 Meadowlands Plaza Suite 802 Business For many, logistics are about order, organization, and orchestration. But at Brookfield Properties, we believe they can be so much more. It’s why our logistics solutions are imaginative. Ingenious. Inspiring. No matter the challenge, we deliver a fresh, personalized approach for our customers that never compromises on quality, efficiency, or security. Because where others see obstacles, we see opportunities. If you're ready to be a part of our team, we encourage you to apply. Job Description About the Company Brookfield Asset Management is an alternative asset manager with over $800 billion in assets under management and a 100-year heritage. Brookfield is a fully integrated services company, providing development, construction, renovation, asset, and property management services. As owners and operators, the Company is invested in long-life, high-quality assets and businesses in more than 30 countries around the world and over five continents. Brookfield’s global real estate portfolio includes office, retail, multifamily, logistics, hospitality, self- storage, triple net lease, manufactured housing, and student housing assets on five continents. As the dedicated management arm of Brookfield, Brookfield Properties is the world’s largest property manager and a leader in servicing its customers. The firm is at the forefront in seeking to provide innovative space solutions and services unique to Brookfield. They seek to disrupt the status quo, not to be disrupted. The firm has a well-defined growth plan for its industrial business over the next five years, with the goal of developing and/or acquiring five to seven million square feet in the United States annually. With an array of capital sources, Brookfield is well situated to execute on a strong growth plan. Innovation is a central theme of the strategic plan and Brookfield believes that logistics will be transformed globally over the next cycle, tied to an array of innovations from autonomous vehicles to 5G networks. Brookfield is positioned to leverage its corporate knowledge globally, by accessing the experiences of their diverse divisions from solar to ESG while being a true leader in innovative industrial product. Current logistics portfolio consists of approximately 36 million square feet, spread across coastal and super regional markets in the U.S. Brookfield’s strategic plan envisions $1 billion per year of new acquisitions and $1 billion or more per year in organic development starts. Accordingly, to support the intended growth in logistics and to build a platform in the Northeast Region based in East Rutherford, NJ. Brookfield is seeking to hire a Development Manager to join the Logistics Team and assist in managing the overall development efforts in an array of markets in the Northeast Region including, but not limited to New York, New Jersey, Boston, Pennsylvania, Virginia, Maryland and Canada. From a career development perspective, this is an opportunity to join an entrepreneurial team with a well-capitalized global platform. The Role The position requires a high degree of energy, enthusiasm, real estate knowledge, and professionalism. The position will report to the EVP, Global Head of Development with a day-to-day interface with other team members. Experience in development, land entitlement, construction, tenant improvement, and overseeing capital expenditure improvements will be required of the position. This position will be responsible for sourcing, budgeting, permitting, overseeing improvements, and supporting every facet of the development cycle. Candidate Profile The successful candidate will at a minimum possess much of the following experience and traits: Proven track record in design, engineering, and construction. Thorough knowledge of the construction and/or development process. The experience and gravitas to manage internal and external resources, consultants, and contractors. Proficient in oral and written communication coupled with the ability to craft and present detailed work product. Intelligent and forward thinking and must have low ego needs coupled with high engagement. Promote a positive, “can-do” attitude with a real focus on efficiency and effectiveness. From a cultural-fit perspective, this person must be highly collaborative by nature and be willing to roll up his/her sleeves to drive the business. Highly organized, patient, and strategic orientation with an ability to defend his/her position in a well-reasoned, articulate fashion in a non-authoritative environment. S/he will collaborate with a team of development professionals and analysts based in the Northeast Region. In addition, this person will support asset management and building acquisitions in the Northeast Region. Primary functions and responsibilities will include: Build and maintain strong relationships, both directly and with architects and contractors in the region; able to effectively source construction. Lead a team of consultants, and contractors to obtain the regional capital deployment goals and objectives. Manage cost and timeline of each development project, large tenant improvement jobs, and important capex projects as necessary. Lead and manage the establishment of site plans that deliver the best-in-class product consistent with the market demands and Brookfield’s Brand Standard while achieving the company’s investment assumptions coupled with the associated floor plans, proposed specifications, construction budgets, and schedules. Lead and participate in the due diligence investigation of new investment opportunities, including coordination with third parties. Lead in preparing exhibits for investment memorandums that communicate conclusions and investment risk in a narrative presentation to senior management, including approval through participation in the Investment Committee. Lead in coordinating all site entitlement and building due diligence including environmental site assessments, hydrology, boundary surveys, easements, geotechnical evaluations, platting, permitting, etc. Assist as required in preparing physical due diligence reports, replacement cost budgets, and capital improvements budgets needed for pursuit of acquisition properties. Prepare preliminary development budgets (i.e., Proformas, Land Models, Development reports) for proposed land, building and tenant improvement cost for review with the Development Officer for evaluation. Establish, plan, and chair regularly scheduled development meetings to communicate the company’s expectations and oversee the timely completion of milestones set forth in the each of the contemplated developments. Coordinate all site entitlement and building due diligence including environmental site assessments, hydrology, boundary surveys, easements, geotechnical evaluations, platting, traffic, permitting, etc. Executing for Results The ability to set clear and challenging goals while committing to improved performance, tenacious and accountable in driving results. Comfortable with ambiguity and uncertainty; the ability to adapt nimbly and navigate complex situations. We are proud to create a diverse environment and are proud to be an equal opportunity employer. We are grateful for your interest in this position, however, only candidates selected for pre-screening will be contacted. At Brookfield Properties, our success starts with our people. People like you. We develop, operate, and manage more than 800 properties and 380 million square feet of real estate across the globe. It’s a feat that wouldn’t be possible without our team, a diverse group of creative visionaries and innovative experts who are relentless in pursuit of one goal: to ensure our buildings don’t simply meet the needs of our tenants, residents, and communities — but exceed them, every day.

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