Job Purpose
Liliʻuokalani Trust (LT) is a preeminent Hawaii-based private operating foundation committed to improving the lives of Native Hawaiian youth. With a robust portfolio of philanthropic initiatives and an investment and real estate portfolio of assets totaling $1.2 billion under management, we are dedicated to making a positive impact on the lives of our youth by driving innovation through our direct programs and services, supporting research, and fostering collaboration. LT aims to preserve the endowment’s purchasing power in perpetuity by achieving high investment returns while taking an appropriate amount of risk. Our long-term view underpins the process of setting the endowmentʻs asset allocation and selecting investment opportunities across the Investment Fund and the Portfolio.
The Managing Director of Real Estate, Development collaborates with the endowment’s leadership with the common goal of enhancing and preserving the value of, and income from, the Trust’s land holdings thus perpetuating critical funding for programs serving current and future generations of Native Hawaiian orphan and destitute children. In addition to managing development projects, this position is responsible for sourcing and preserving external community relationships with stakeholders, vendors, contractors, etc., to ensure seamless and efficient operations throughout all development efforts.
The Managing Director of Real Estate, Development provides leadership over the Development, Design and Construction, and Natural Assets and Operations teams.
1. Development Team: Responsible for leading all efforts in the strategic development of LT’s land holdings, endowment properties, and real estate assets from project conceptualization to the successful development and redevelopment.
2. Design and Construction Team: Responsible for planning, design, development, and construction of projects that support the expansion and improvement of LT services, such as kipuka renovations, Early Childhood projects development, Youth and Transitional Living services centers, etc.
3. Natural Assets and Operations Team: Responsible for overseeing LT’s natural resources (water, soil, plants, animals, archaeological sites), asset management, strategic development and planning, and community engagement, which is vital due to LT’s significant land holdings in Kona.
Essential Responsibilities
- Responsible for all aspects of real estate development projects in the Portfolio.
- Oversee the continuous operation and development of cultural & environmental land stewardship programs.
- Ensure plans are supported by sound technical and cultural research, including but not limited to market studies, financial proformas, engineering analyses, sustainability studies, cultural and archaeological studies, master planned community best practices, etc.
- Oversee contract process which may include preparing or reviewing scopes of work, invitations to bid, bid lists, reviewing plans to ensure accurate takeoffs, bid negotiation, awarding of contracts and management of change orders. Ensure budgets, milestone schedules and absorption schedules are updated and shared with the President and CEO and/or real estate team as appropriate.
- Oversee flow of work for the development, design and construction, and natural assets and operations teams by directing and coordinating with appropriate directors and teammates.
- Oversee development and management of project budgets, projections, and financial models associated with the Portfolio and CIP projects. Understands and reports on financial implications of real estate strategies and operations. Analyzes and forecasts financial impact and presents a plan to manage, control, and mitigate incidentals and contingencies.
- Oversee, and as appropriate, represents LT in, engagement with goverment agencies, government bodies, and elected officials in connection with the Portfolio and CIP projects.
- Build and nurture partnerships with national and local real estate communities such as developers, brokers, and investors.
- Ensure training and development of real estate team to ensure Portfolio and CIP projects procedures and processes are being managed and communicated with internal departments.
General Administration
- Performs and/or oversees consultant work related to project analyses and projections; feasibility, market and due diligence studies; planning, architectural and engineering reports and design; land title, encumbrances and surveys.
- Responsible for keeping up to date on market conditions, new legislation, and innovative practices, ensuring success and efficiency in all development projects as well as LT’s good standing in the community.
- Maintains integrity of the Trust’s vision in all development activities, to include creation of and/or update of appropriate CC&R’s, design guidelines, etc.
- Monitors current and emerging technologies, systems and tactics to integrate sustainable practices into all development activities.
- Ensures the continuous learning and professional development of self and reporting teammates.
- Responsible for clearly communicating and ensuring teammate understanding and compliance with all LT policies and procedures
Qualifications
- Bachelor's degree with concentration in business, finance, accounting, real estate OR equivalent professional experience. Master’ s degree in business, real estate, or finance preferred.
- Eight (8) or more years of leadership experience in planning and developing significant real estate development projects.
- Must have a strong personal fit with our non-hierarchical, no ego, intellectually honest, meritocratic culture.
- Must be a leader that can drive work, empower teammates, and encourages innovative solutions to roadblocks.
- Must be a critical thinker, intellectually curious, detail-oriented, and unafraid to ask questions.
- Must be mission-driven and committed to Liliʻuokalaniʻs vision for thriving Native Hawaiians
- Must demonstrate exceptional discretion in handling confidential information.
- Strong technical/quantitative skills with demonstrated ability to execute complex financial analysis.
- Strong knowledge of local, state, and federal laws and regulations.
- Proficiency with MS Office, preferably in a MAC OS environment, helpful.
- Industry accreditations such CCIM, CPM, and CRE preferred.
Job Title: Managing Director, Real Estate Development Reports to: President and Chief Executive Officer
FLSA Status: Exempt Aligned Executive: President and Chief Executive Officer
Kipuka: Liliʻuonamoku Department: Real Estate
Terms and Conditions of Employment
As a condition of employment, employee will be subject to LT’s policies, procedures and organizational values.