Carmel Partners, one of the nation’s leading specialists in real estate investment management, with expertise in the investment, development and construction of multifamily real estate, is seeking a Director, Capital Projects in our San Francisco or Santa Monica Office.

The Director, Capital Projects, manages national capital project execution across Carmel Partners multifamily portfolio. This role contributes to strategic direction, oversees financial performance, and ensures consistent process, quality, and reporting across all assets. The Director operates with a high degree of autonomy and is accountable for bottom-line results.

What You'll Do

• Manage capital project execution across Carmel Partners multifamily development portfolio
• Drive project teams across regions, ensuring consistent execution standards and supporting professional development
• Contribute to Due Diligence efforts and formalization of Capital Business Plans during acquisitions
• Translate asset-level business plans and acquisition underwriting into buildable, phaseable project scopes that meet Investment Committee commitments
• Coordinate across internal teams and external partners, including Property Management, Acquisitions, Design, 3rd party Operations, Marketing, Construction, Asset Management, and Accounting
• Flag early when scope, cost, or building condition diverges from the pro forma underwriting
• Direct Owner/Architect/Contractor (OAC) meetings, both prior to and during construction
• Oversee external consultant teams, including architects, engineers, designers, and expeditors, and lead consultant bidding and selection processes
• Directly responsible for ensuring Construction phase of Capital Business Plan meets Investment Committee obligations. This includes project setup and close coordination with Carmel’s in-house Job Cost Accounting and Construction teams, 3rd-party general contractors, and direct subcontractors.
• Establish and maintain design and construction schedules
• Manage project assumptions, including budgets, schedules, and scope of work
• Oversee permitting efforts and regulatory agency relationships
• Oversee preparation and distribution of regular reporting to senior management
• Present portfolio-level updates and recommendations to senior leadership, escalating key decisions as appropriate
• Maintain deep knowledge of Carmel’s markets to inform Capital Projects strategy and ensure regulatory compliance
• Travel nationally to portfolio assets, up to 50% of the time

Click here to see the full job description and application form