Edgewood Properties

  • Director of Residential Lease-Up

    Job Locations US-NJ-Piscataway
    ID 2019-2296
  • Overview

     

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    Since its founding in 1992, Edgewood Properties has established itself as a leading real estate development and property management company. With corporate headquarters in New Jersey, the company is on a course of growth leading to activities across the nation. Given ongoing construction and development plans, our current apartment portfolio of 3,000 plus units is expected to double in the next couple of years and rise to over 10,000 units in the next five years. Given our rapid portfolio growth, coupled with ownership's desire to develop and hold rather than sell, the timing is ideal for qualified candidates to come on-board

     

     

     

    We're currently seeking a Seeking a Director of Lease-Up for our multi-family portfolio of properties with extensive experience bringing new developments online from ground breaking to lease-up efforts through stabilization of asset.  

    Candidate will work full-time at our Corporate Headquarters in Piscataway, N.J.  

     

     EXPERIENCE at the A++ LUXURY LEVEL 

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    Responsibilities

    • Lead all operation efforts as it relates to a new development/lease-up.
    • Collaborate with Construction, Engineering, Marketing, Accounting and Maintenance to manage all aspects of bringing a new community on line.
    • Review all floorplans and blueprints to ensure all applicable and desired design elements, amenities, work areas, and clubhouse functions are captured by the architects.
    • Review all mechanical and engineering designs with the VP of Residential Maintenance prior to actual build out.
    • Determine who the targeted renter and renter profile is prior to preparing the proforma, taking into consideration who the comps are.
    • Prepare Proforma of anticipated annual rents and expenses.
    • Conduct market research and determine who the comps are and set and position community and rents accordingly against the competitors.
    • Manage and coordinate all marketing and advertising efforts with the marketing team and Director of Marketing.
    • Prepare lease-up plan and leasing goals which are realistic based on absorption schedule from Construction.
    • Ensure all targeted milestones and leasing & occupancy goals are met.
    • Responsible for conduction of interviews, hiring and training of all personnel at each lease-up.
    • Prepare first year lease-up budget for each lease-up.
    • Responsible for all project coordination as it pertains to the lease-up.
    • Ensure website is updated with lease-up information and maintained accordingly
      • Ensure all third-party websites have updated and accurate information such as ILS’s, MLS, etc.
      • Lead weekly Lease-Up asset team meetings with all functional groups and create meeting agenda and update minutes
      • Organize press releases as it pertains to the lease-up as applicable
    • Organize and execute all event planning such as:
      • Residential Rental Communities Grand Openings and Ribbon Cutting Ceremonies
      • Marketing/Promotional events
      • Special broker and open house events

     

    Qualifications

    • experience in all aspects of developing and maintaining marketing strategies as it pertains to lease-ups
    • proven experience in customer and market research
    • relevant product and industry knowledge in luxury multi-family residential experience
    • experience with Proforma and budgets creation
    • experience opening at least 5 luxury lease-ups, preferably in the NJ market
    • knowledge of NJ housing laws and requirements
    • talent management experience as it relates to recruitment, hiring and training of staff
    • prior minimum 10 years’ experience in a senior executive level with an established multi-family property management company, owner or operator.
    • bachelor degree required
    • must possess great organization skills and ability to prioritize work
    • must possess great business acumen
    • must possess ability to read and interpret architectural drawings

     

    The successful candidate will undergo a background check and drug screen.

     

    In return, we offer competitive compensation, along with comprehensive benefits, including medical and dental and vision benefits, life insurance, a 401(k) with company match and a corporate team environment with opportunity of advancement.

    Also includes on-site company fitness gym, discounts on housing and home appliances.

     

    For immediate consideration, please apply online at www.edgewoodproperties.com/careers.

     

     

    All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability, or protected veteran status.

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