Acquisitions And Development
CurrentReal estate investment and development.-Lead all aspects of construction and development, including all site selection, negotiation, due diligence, pro forma analysis, design, budgeting, and entitlements, achieving a 28% average IRR across projects-Managed and motivated teams including five full-time analysts and dozens of contractors, vendors, and consultants, resulting in a builder of the year award-Led development consultants and legal counsel through entitlements including environmental and geotechnical issues, resulting in over $50k in reimbursement from the EPA and an NFR letter-Researched and analyzed demographic, economic, and real estate market data to decide which projects to pursue, resulting in a 4x return on cash from initial investments-Built and maintained relationships with brokers and sellers, creating off-market deal flow-Drafted legal and construction documents, resulting in an 8% increase in gross margin -Created scalable systems and processes for acquisition, construction, and development activities, including a market dashboard that monitored demand and predicted supply by submarket-Negotiated all sales and leases, resulting in favorable terms and above-market transactions-Led the design of a multifamily development chosen to be featured in a House Hunters episode-Performed real estate market research, resulting in decision to move forward on two projects during the pandemic and a 40% increase in gross margins-Demonstrated thought leadership with building innovations resulting in industry-leading air quality systems, Chicago’s first in-condo ADUs, and the first GreenStar certified multifamily building in Chicago
