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Senior Director, Industrial Development

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Greystar Real Estate Partners LLC

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Location:
United States , Newport Beach

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Category:
Real Estate

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Contract Type:
Not provided

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Salary:

200000.00 - 300000.00 USD / Year

Job Description:

Drives Greystar’s industrial growth strategy across the West Coast by identifying, sourcing, and securing land suitable for future development as well as selective value-add and core industrial investment opportunities. This role builds and maintains a robust pipeline of both development-ready land and stabilized or near-stabilized assets that align with Greystar’s industrial investment strategy.

Job Responsibility:

  • Drives Greystar’s industrial growth strategy across the West Coast by identifying, sourcing, and securing land suitable for future development as well as selective value-add and core industrial investment opportunities
  • Builds and maintains a robust pipeline of both development-ready land and stabilized or near-stabilized assets that align with Greystar’s industrial investment strategy
  • Leads all pre-acquisition activities for development land—including underwriting, market intelligence, due diligence oversight, and Investment Committee documentation—while also evaluating existing industrial assets that meet return, risk, and portfolio diversification targets
  • Source and evaluate industrial land acquisition targets, value-add opportunities (lease-up, repositioning, capital improvements), and core industrial assets across the West Coast
  • Build an investment pipeline through broker relationships, direct outreach, off-market pursuits, and partnerships with landowners, developers, and owners of stabilized assets
  • Maintain a forward-looking understanding of industrial market dynamics—including tenant demand, capital markets, zoning shifts, political activity, and logistics patterns—to proactively identify both development and investment opportunities
  • Issue LOIs and negotiate purchase and sale agreements for land and existing buildings, structuring deal terms to maximize return and minimize risk
  • Represent Greystar with brokers, land sellers, asset owners, municipalities, and capital partners to strengthen Greystar’s competitiveness and regional presence
  • Perform financial modeling, market analysis, leasing projections, and asset-level return scenarios for both development sites and existing industrial assets to determine feasibility and strategic fit
  • Evaluate value-add opportunities by analyzing capex plans, rent growth assumptions, market comps, and lease-up timelines
  • Evaluate core opportunities through income durability, credit tenancy, and long-term yield and appreciation metrics
  • Prepare and present investment memorandums, underwriting files, pursuit budgets, and recommendations for Investment Committee approval
  • Manage the internal approval workflow for all potential acquisitions—development, value-add, and core—ensuring timely and accurate documentation
  • Direct all due diligence for land, including environmental, geotechnical, access, utilities, zoning, and entitlements
  • Oversee due diligence on existing industrial assets, including property condition assessments, lease audits, tenant interviews, expense reconciliations, tax evaluations, and compliance matters
  • Coordinate consultants to validate buildable area, infrastructure needs, and development feasibility prior to handoff to regional development teams
  • Develop clear summaries outlining risks, financial impacts, and go/no-go recommendations
  • Partner with development teams on land opportunities to ensure seamless transfer of underwriting assumptions, due diligence findings, and strategic rationale
  • Collaborate with asset management and operations teams on value-add and core opportunities to evaluate operating histories, leasing strategies, and long-term asset positioning
  • Work closely with design, construction, permitting, and market research teams to refine underwriting and validate feasibility
  • Support senior leadership with analytics, reporting, and strategic market insights
  • Maintain strong relationships with brokers, economic development agencies, landowners, institutional owners, and private industrial operators to fuel a diverse opportunity pipeline
  • Provide regular updates to executives and equity partners on pipeline activity, market trends, and investment themes
  • Represent Greystar at industry events, municipal meetings, and capital markets discussions

Requirements:

  • 10–12+ years in industrial land acquisition, industrial real estate investment, development, or capital markets roles
  • Proven ability to source and evaluate development land, value-add assets, and core stabilized industrial assets
  • Strong financial modeling and underwriting capabilities across multiple investment profiles (development, value-add, core)
  • Bachelor’s degree in Real Estate, Finance, Business, Economics, Architecture, or related field (MBA preferred)
  • Experience managing due diligence processes for both development sites and operating industrial buildings
  • Strong communication and negotiation skills with the ability to influence stakeholders and uncover off-market opportunities
  • Ability to operate with speed, precision, and strategic judgment in competitive markets
What we offer:
  • Competitive Medical, Dental, Vision, and Disability & Life insurance benefits. Low (free basic) employee Medical costs for employee-only coverage
  • costs discounted after 3 and 5 years of service
  • Generous Paid Time off. All new hires start with 15 days of vacation, 4 personal days, 10 sick days, and 11 paid holidays. Plus your birthday off after 1 year of service! Additional vacation accrued with tenure
  • For onsite team members, onsite housing discount at Greystar-managed communities are available subject to discount and unit availability
  • 6-Week Paid Sabbatical after 10 years of service (and every 5 years thereafter)
  • 401(k) with Company Match up to 6% of pay after 6 months of service
  • Paid Parental Leave and lifetime Fertility Benefit reimbursement up to $10,000 (includes adoption or surrogacy)
  • Employee Assistance Program
  • Critical Illness, Accident, Hospital Indemnity, Pet Insurance and Legal Plans
  • Charitable giving program and benefits
  • Quarterly or annual bonus program based on individual and company performance

Additional Information:

Job Posted:
December 26, 2025

Employment Type:
Fulltime
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