Multifamily Development Manager Jobs in Chicago, IL

Gilbane Development Company is seeking a strategic and entrepreneurial Director, Development to lead ground-up student housing projects from concept through completion. This role is pivotal in expanding our development pipeline and shaping vibrant, high-performing communities tailored to student needs. The ideal candidate thrives in a collaborative, fast-paced environment and brings deep experience in real estate development, strong financial acumen, and a passion for mentoring and team-building.

• Leads the identification, acquisition, and due diligence process for new student housing developments, ensuring all stages are managed efficiently and strategically
• Sources, identifies, and underwrites new development opportunities by leveraging an established brokerage network and maintaining proactive outreach efforts
• Stays informed on targeted student housing markets in order to recognize potential opportunities and position new projects advantageously
• Oversees the entire development cycle, including entitlement, design, permitting, construction, and final delivery of project
• Conducts comprehensive market research and financial modeling to evaluate project feasibility, supporting optimal returns on investments
• Develops and manages detailed project budgets, schedules, and risk mitigation strategies to ensure successful project execution
• Collaborates cross-functionally with internal teams, consultants, and contractors to drive project success and foster strong working relationships
• Promotes a culture of mentorship, innovation, and accountability within the development team, supporting professional growth and high performance
• Monitors industry trends and proactively adjusts strategies to maintain a competitive advantage in the student housing sector
• Provides clear and consistent updates to senior leadership regarding pipeline progress, financial performance, and key project milestones.

• Bachelor's degree in Real Estate, Architecture, Construction Management, or related field; an MBA or Master's in a related discipline is preferred.
• 10+ years of experience in real estate development, with a strong record of success in ground-up student housing or multifamily projects.
• Candidates should have sourced and completed a minimum of six substantial development projects valued between $50 and $150 million, with significant involvement in student housing.
• Demonstrated ability to manage multiple development projects simultaneously, at various phases and across diverse geographic locations.
• Experience with mixed-use, retail, and multifamily projects is also desirable.
• Strong leadership and interpersonal skills, complemented by a collaborative and entrepreneurial approach.
• Proven capacity to prioritize and execute tasks efficiently, achieving company and project objectives with prudence and a sense of urgency.
• Advanced skills in financial modeling and analytics are essential for success in this role.
• Proficiency with development tools such as MS Project, Excel, and project management platforms is required.

Salary to be determined based on factors such as geographic location, skills, education, and/or experience of the applicant, as well as the internal equity and alignment with the team.

The pay ranges from $137,840 - $201,600 plus benefits and retirement program.

Gilbane offers an excellent total compensation package which includes competitive health and welfare benefits and a generous profit-sharing/401k plan. We invest in our employees' education and have built Gilbane University into a top training organization in the construction industry. Qualified applicants who are offered a position must pass a pre-employment substance abuse test.

Gilbane is an Affirmative Action/Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to age, color, national origin, race, religion, sex, sexual orientation, gender identity, protected veteran status, or disability status.

Note to Recruiters, Placement Agencies, and Similar Organizations: Gilbane does not accept unsolicited resumes from agencies. Please do not forward unsolicited agency resumes to our jobs alias, website, or to any Gilbane employee. Gilbane will not pay fees to any third party agency or firm and will not be responsible for any agency fees associated with unsolicited resumes. Unsolicited resumes received will be considered property of Gilbane and will be processed accordingly.